What could Elliott’s stake in Scottish Mortgage mean? March 24, 2024 News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
Marks and Spencer chair: Labour’s new deal for workers could hurt investment April 14, 2024 The chairman of Marks and Spencer has said Britain may risk being unable to attract investment if Labour's new deal for workers is rolled out upon winning the next general election.
Mike Ashely’s Frasers Group raises stake in Boohoo to 22 per cent January 18, 2024 Mike Ashely’s Frasers Group has upped its stake in Boohoo again, taking it from 17 per cent to over 22 per cent. Shares in the fast fashion firm leaped over three per cent this morning as investors responded positively to the news. Frasers, formerly called Sports Direct, said over the summer its purchase of Boohoo [...]
This year’s Black Friday ‘busiest shopping day on record’: Nationwide November 25, 2023 This year’s Black Friday was the “busiest shopping day on record”, according to Nationwide Building Society, as shoppers shook off cost-of-living woes to make the most of festive deals.
Greggs on track to roll out 150 new stores across UK – and could accelerate plans June 10, 2023 The boss of Greggs has said the bakery chain is on track with plans to open 150 new shops across the UK. The sausage roll seller said it will open new stores in Cornwall and other areas where it currently has fewer sites as part the group’s rapid expansion plan. Greggs currently runs around 2,300 [...]
Greggs to open new logistics site as it rolls to 3,500 store target June 10, 2024 Greggs has invested in a new logistics site in Derby, to help support its expansion of 3,500 stores across the UK.
Competition regulator to probe takeover of logistics firm Wincanton May 8, 2024 The Competition and Markets Authority (CMA) will investigate logistics firm GXO's £764m acquisition of Wincanton, it has been announced.
Election 2024: Business rates the immediate focus for retail as sector responds Labour landslide July 5, 2024 In the run up to the election, they were cautious over the next government's approach to business rates, as Labour were tight-lipped on any possible tax rises.
Former JD.com boss found to be still leading e-commerce giant from London August 4, 2024 The founder of the Chinese e-commerce giant JD.com, Richard Liu, has been silently leading the company from London despite stepping down in 2022.
Evri: Chinese online retailer JD.com emerges as potential bidder for £2bn parcel delivery giant July 3, 2024 British parcel delivery company Evri could be the target of Chinese online retailer JD.com, according to reports.