THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
The government’s levelling up cash for Canary Wharf is a step in the right direction for London March 9, 2024 A taxpayer loan of over £118m being handed to Canary Wharf to help elevate its life science offering and build news homes has inevitably raised some eyebrows across London.
Ministry of Sound to convert House of Fraser store to lure Londoners to ‘fitness raves’ in Shepherd’s Bush June 23, 2022 Nightclub group Ministry of Sound said this morning it plans to convert a former House of Fraser store in west London to hold ‘fitness raves’ for Londoners. The building will also be turned into flexible offices, a gym as well as a rooftop bar. The group said it plans to start converting the 115,000 sq ft department [...]
Sir David Clementi: King’s Cross chief ends 16-year stint before Google move-in May 22, 2024 City grandee and former BBC chair Sir David Clementi will step down as head of King's Cross Central, marking the end of a 16 year stint at the company.
Hilton Food Group trades in line with expectations despite tough market May 20, 2024 Food packaging company Hilton Food Group said volumes and sales are trading ahead of the same period last year, as the business continues to trade in line with board expectations.
Nigel Farage threatens Natwest with legal action unless it settles his compensation claim February 16, 2024 Nigel Farage threatens Natwest new CEO Paul Thwaite with legal action with an aim to make "sale of shares very difficult", unless the bank settles "an ongoing compensation claim with him"
Banking crisis: DIY investors piled into Credit Suisse and Silicon Valley Bank trades during turmoil May 9, 2023 Do-it-yourself investors piled into banking trades in the first quarter of the year as the sector was shaken by the collapse of Silicon Valley Bank and shotgun sale of Credit Suisse to UBS, new data has revealed.
Greggs: Baker on a sausage roll as it plots further expansion across UK January 5, 2023 Greggs has said it is on track for 150 net new stores this year as its value-proposition protects it from a wider consumer down-turn. In a fourth quarter trading update, the sausage-roll seller said its sales stood at £1.5bn, as the firm bounced back after experiencing pandemic-related disruption last Christmas. Sales had surged 23 per [...]
Next: Prices to rise in the spring – but boss hopeful inflation will ease in second half January 5, 2023 Next has warned it will lift prices further in the spring as the retailer’s chief said he was optimistic that inflation would let up in the second-half of the year. The fashion firm hiked its full-year profit guidance after seeing better than expected sales over the Christmas shopping period. The high street staple lifted its [...]
Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.