Mike Ashley’s Frasers Group lowers stake in AO World July 8, 2024 Mike Ashley's retail empire Frasers Group has lowered its stake in white goods giant AO World.
Joules appoints administrators amid ‘overwhelming’ interest from suitors November 16, 2022 Administrators were appointed for beleaguered lifestyle retailer Joules on Wednesday, with some 1,600 staff members at risk. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory were appointed joint administrators for the high street firm, which has struggled with a slowdown in sales. Administrators from Interpath were also appointed for its developments arm and [...]
What is waiting in business secretary Jonathan Reynolds’ in-tray? July 8, 2024 Jonathan Reynolds’ in-tray is already piling up with urgent issues. We take a look at a few of the day one problems facing the new business secretary.
Angling Direct hails ‘stellar performance’ as it casts eye on £100m target May 14, 2024 Angling Direct more than doubled its profits following sales reaching record levels in the UK during its latest financial year.
Channel 4 to invest millions into AI-powered art marketplace Fy July 4, 2024 Channel 4 is set to invest millions into the art and homeware marketplace Fy, in a move the retailer hopes will help it to "take a leap forward" against its more established rivals.
Mark Kleinman: FCA row risks casting shadow over City set-piece May 16, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Royal Exchange owners Oxford Properties sell City gem to Ardent for around £50m October 28, 2022 The owners of the Royal Exchange have sold the City’s retail gem to an Atlanta-based real estate investment firm. The retail element of the neoclassical site – which is home to luxury brands including Tiffany & Co and Hermès – has been snagged by Ardent UK, a subsidiary of its US owner. While Ardent did [...]
M&S and Harrods pay tribute to ‘selfless devotion’ of Queen as Selfridges’ stores close September 9, 2022 High street leaders have paid their respects to Queen Elizabeth II, remembering her “comfort, leadership and steadfastness”. The Queen passed away yesterday at Balmoral Castle, after a reign spanning seven decades, aged 96. Luxury department store Selfridges announced its stores in London, Manchester and Birmingham would remain closed on Friday out of respect. The stores [...]
Airlines lift off helps FTSE 100 reverse early losses July 12, 2022 London markets whipsawed today as a rally among airline stocks outweighed recession fears. The capital’s premier FTSE 100 index jumped 0.18 per cent to drop to 7,209.86 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.1 per cent to close at 18,854.96 points. [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]