Dealmaker’s Spotlight: Evercore October 17, 2022 Datasite recently spoke with Alexander Asher, Vice President, Consumer-Retail Team at Evercore, to hear his thoughts and insights on market conditions, trends, and technology. Evercore is a premier global independent investment advisory firm. Founded in 1995, the firm has advised on over US$4.7 trn M&A and restructuring transactions. Headquartered in New York, it has 17 advisory [...]
Ethical clothing move by Asos aligns with views of eco-conscious June 26, 2019 Fast fashion is an increasingly hot topic as consumers become more environmentally aware, conscious about the impact of their shopping habits and look to reduce waste. Despite this, environmentally positive changes have been slow or non-existent, such as the recent rejection of the 1p fast fashion tax by government that would have raised money for [...]
As accounting firms prep for busy period, non-Big Four players spot new opportunities May 26, 2021 The majority of 2020 was a slow year for the UK’s deals market, with mergers and acquisitions depressed by the Coronavirus pandemic and its subsequent lockdown restrictions. This trend, however, now seems to be in reverse with a number a big deal in the private sector, including Virgin Media and O2’s £31bn mega merger, and [...]
Growing pains: Asos share price plunges after fresh profit warning July 18, 2019 Online fashion giant Asos suffered a double-digit drop in its share price this morning after warning that profits will be lower than expected this year, citing new troubles in its international warehouse facilities. In its second profit warning in just over six months, the firm said today that it was reducing its forecasts as it [...]
Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Labour steps up pressure on Rishi Sunak over Biden’s global tax plan May 20, 2021 Labour has stepped up its push to get Rishi Sunak to agree to Joe Biden’s plan for a minimum business tax rate among the world’s biggest economies. The party is calling on the government to put together a review of the effects of Biden’s proposal to implement a 21 per cent minimum on global business [...]
Marshalls to restore dividend after second half sales jump January 13, 2021 Landscaping firm Marshalls this morning confirmed that it would reinstate its dividend after much improved trading in the second half. After sales fell sharply in the first half, the company said that figures from recent months were ahead of 2019. But group revenue fell from £542m to £469m for the full year on the back [...]
Pandemic profiteers face tax hike on Covid winnings February 7, 2021 Companies that have cashed in a result of the coronavirus pandemic, including the likes of Amazon, will face a double tax raid under plans being draw up by the government. The government has summoned companies to discuss how an online sales tax would work, while plans are also being drawn up for a one-off “excessive profits tax,” the [...]
UK’s tech stocks outperform main market by 19 per cent February 17, 2021 Interest in technology stocks has piqued during the pandemic and are now outperforming their FTSE peers, according to exclusive data shared with City A.M. The FTSE techMARK 100, London’s technology index, rose seven per cent last year as the FTSE floundered and shed 12 points, research by Bowmore Asset Management shows. After what has essentially [...]
Retail park footfall boosted by lockdown fatigue and ‘leisure-based’ trips February 4, 2021 Shoppers flocked to retail parks last month in bigger numbers than were recorded during the first national lockdown, as fatigue with restrictions has set in, according to the latest research. Footfall at retail parks was down 42.1 per cent in January, compared to the 68.1 per cent drop reported in April, as consumers visited for [...]