Shein cash giveaways similar to Temu’s raise data privacy issues April 30, 2024 Fast-fashion giant Shein has launched a number of promotions on its app, such as "magic draw", "draw easily", "free gift", and "spin to win".
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
Sliding tech stocks weigh on Wall Street August 31, 2021 US stocks slipped today as poor performances among technology heavyweights weighed heavily on Wall Street’s main benchmarks. The tech-heavy Nasdaq slipped 0.10 per cent to 15,250.36 points, led down by losses among Apple, Microsoft and Amazon. The blue-chip S&P 500 and the Dow Jones both inched up, rising 0.02 per cent and 0.08 per cent [...]
Rolex sibling Tudor gets the Barbie makeover with pink Black Bay April 25, 2024 The Tudor Black Bay Chrono ‘Pink’ might not be for everyone, and that’s OK because few of them will ever be made
London-listed Centaur Media receives takeover approach April 10, 2024 Centaur Media, the owner of titles such as The Lawyer, could become the latest London-listed company to go private after a takeover approach was revealed.
JD Sports: Share price sinks six per cent on market ‘softening’ warning June 27, 2023 JD Sports told investors this morning that profit is on track to smash through the billion-pound mark this year as the athleisure giant continues its expansion – but a warning on some ‘softening’ has nonetheless spooked investors. Ahead of its AGM today, the ‘king of trainers’ said trading remained positive during May – posting organic [...]
London tech revises internal tax valuation to $11b December 14, 2022 Checkout.com, a London tech start up, has revised its internal tax valuation to $11bn. Its investor valuation earlier this year was a staggering $40bn. Checkout.com is a digital payment platform for businesses that was valued at $40b after a series D round in January. According to company filings, the firm generated a revenue of $204m [...]
Start-up splash: British Business Bank’s ‘mandate’ could change to beef up growth investment March 1, 2024 A new government could change the mandate of the state-backed British Business Bank to enable it to ramp up investment into bigger start-up rounds, its chief executive has suggested. Speaking with City A.M.’s Bonds & Ballots series, Louis Taylor, the chief executive of the state-owned development bank, said there “is some scope” for a new [...]
FRP announces higher revenue and growth despite economic uncertainties July 22, 2022 FRP Advisory Group announced higher revenues and a growth in team size and market share despite a weakening economic outlook. For the year ended 30 April 2022, revenue rose 21 per cent to £95.2m from £79m in 2021, with a 15 per cent increase in FRP’s team size by 66 to 504 (excluding consultants). FRP Corporate [...]
AstraZeneca strengthens cancer drug pipeline with up to $1.2bn deal July 5, 2022 AstraZeneca has strengthened its cancer drug pipeline the $100m (£82.5m) acquisition of a clinical-stage T-cell engager, which will be used to develop medicines for lymphoma. The famed Covid-19 vaccine maker inked a deal which will see the T-cell engager TNB-486 as well as the owning company TeneoTwo fall under its wing, with promises of further [...]