Asos sells Topshop and Topman into new joint venture with Heartland September 5, 2024 Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman brands from the firm. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]
Criminal Record producer STV takes control of Glasgow production company September 3, 2024 Public broadcaster STV has announced it has upped its stake in Glaswegian production company Hello Halo as it posted strong half year results, saying its order book for new shows is “stronger than ever”. STV has today struck a new deal to take majority control of Glasgow-based unscripted formats creator, Hello Halo Productions, which recently won [...]
Wood Group: Firm offloads two businesses as ‘strategic’ turnaround begins August 28, 2024 Engineer Wood Group has sold two businesses for a total of $165m (£125m) after it revealed it slid into the red in the first half of the year. The London-listed firm, which is headquartered in Aberdeen, said today it has sold its stake in Ethos Energy Group, a joint venture with its partner, Siemens Energy [...]
What role does foreign talent have in some of Britain’s fastest-growing companies? August 28, 2024 Foreign-born talent has once again been found leading a significant portion of the UK’s fastest-growing companies.
Owner of Majestic Wine and Punch Pubs acquires one of UK’s biggest discount retail chains April 11, 2024 Poundstretcher, one of Britain's biggest discount retail chains, has been sold to the owner of Majestic Wine and Punch Pubs.
‘Uncertain’ economy gives another recruitment firm a balance sheet bruise October 11, 2023 Inflation and uncertainty over the economy has left another recruiter licking its wounds in the third quarter
Amicorp’s fund services arm will float in London and eyes £100m valuation in boost to the City June 5, 2023 Amicorp’s fund services arm will float on the London Stock Exchange this week with plans to raise $6.47m (£5.21m) in new ordinary shares and scale up its IT operations. The Hong Kong-based global management services group said the official price of the IPO will be revealed following a book building process – with the group [...]
Harry Potter maker’s TV arm surges back into the black as turnover triples August 22, 2024 The television division of the production company behind the likes of the Harry Potter film franchise, the Paddington movies and box office smash Barbie surged back into the black in 2023. Heyday Television has reported a pre-tax profit of £281,000 for its latest financial year after having posted a pre-tax loss of £752,000 in 2022. [...]
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Heatwave continues: Britain prepares for scorching temperatures as rail, retail and airports face disruption July 19, 2022 Brits are set to face temperatures of up to 41c today which is likely to be the hottest day on record. The country is struggling to cope with the extreme temperatures, with Luton Airport temporarily grounding all flights yesterday due to the heat, which melted a part of the tarmac. London’s transport network continues to [...]