London money managers reveal toll of turmoil as Jupiter and St James’s assets rise July 27, 2023 Fund house Jupiter reported a bump in assets and a sharp rise in profits in the first six months of the year in a mixed morning of results for London’s big money managers. The London investment firm said its assets ticked up two per cent to £51.4bn in the first half of the year while [...]
Made.com ditches talks with potential buyers as struggling firm desperately seeks rescue October 25, 2022 Beleaguered Made.com has said it has terminated talks with all potential buyers after no party could commit to a suitable timetable for rescue funding. The homeware retailer had been looking to shore up aggregate funding of around £45-70m over the next 18 months as a stand-alone public company. Consumers have pulled back on spending on [...]
Jupiter sheds £900m as nervous investors shun UK stocks April 25, 2023 Skittish investors pulled £900m from fund manager Jupiter in the first quarter of the year as volatility on the markets continues to weigh on investors’ appetite for UK and European stocks.
ASOS announces new interim CFO as fast fashion chain attempts to rebuild after £32m loss February 10, 2023 Online fashion giant ASOS has brought in an experienced new interim CFO with as it continues its post-pandemic overhaul to plug on-going losses. The pandemic darling announced that 75 per cent of its new 12-person decision-making team has been filled, as part of a major turnaround bid called ‘Driving Change’. Its new ‘reinforced leadership and [...]
FTSE 100 live: London markets flat despite inflation boost, miners rise February 27, 2024 Markets were also given a lift by the news that shop price inflation slowed to 2.5 per cent in February, the lowest level seen in two years.
Superdrug market share hits 10-year high as savvy shoppers boost sales January 15, 2024 High street chemist Superdrug now holds 40 per cent of the mass market share in cosmetics, as shoppers seeking out cheaper beauty alternatives help propel sales.
Boohoo amps up stake in troubled Revolution Beauty to 26 per cent November 28, 2022 Fast fashion retailer Boohoo has upped its stake in Revolution Beauty, as the troubled cosmetics firm announced a new chief. The online retailer said it had upped its strategic investment in the lipstick seller to 26.47 per cent of its issued share capital. Boohoo, which sells Revolution cosmetics on a number of its websites and [...]
Frasers Group acquires fast fashion website I Saw It First after rescuing Missguided July 28, 2022 Mike Ashley’s retail emporium Frasers has inked a deal to acquire fast fashion firm I Saw It First. In an announcement on the London Stock Exchange on Thursday morning, the Sports Direct owner confirmed The Telegraph’s reports that it was to poach the website. I Saw It First was created by Jalal Kamani in 2017, [...]
Online retailer making waves around the world May 15, 2023 It started nearly 20 years ago with a keen record collector looking to find a market for some of his discs on eBay – then still a relatively new online auction website. Now Rarewaves.com is one of the largest online marketplace retailers in the world selling all manner of goods to all the countries around [...]
London to power UK economy away from recession and clinch best growth across the country February 27, 2023 London will power the UK economy out of recession and is poised to be the fastest growing area in the country over the coming years, new forecasts out today reveal. The capital’s economy is on track to expand 2.6 per cent each year between 2024 and 2026, pushing it to the top of the countrywide [...]