RewardStyle founder Amber Venz Box talks influencer marketing and fashion November 26, 2018 Fashion retail is a risky business. Like many sectors, it has been disrupted by the rise of the internet, as consumers increasingly shop on their phones rather than on the high street. So with fewer people browsing in shops, there’s a question of how best to advertise a new dress or a trendy handbag. Traditional [...]
Melrose share price tumbles following low-ball bids for GKN unit November 26, 2018 Turnaround specialist Melrose led FTSE fallers today as its share price fell over six per cent following reports of disappointing bids for one of its GKN units. Melrose, which bought aerospace company GKN in an £8bn hostile takeover earlier this year, was reportedly forced to reconsider its options after it was low-balled by bids for [...]
Boss says BDO still on the lookout for deals as it confirms ‘advanced’ merger talks with Moore Stephens November 26, 2018 The managing partner of BDO said the firm is still on the lookout for further mergers and acquisitions, after it confirmed plans to join forces with audit sector rival Moore Stephens. The firms have confirmed they are in “advanced” merger talks, which they say would “improve competition and quality” at the top end of the audit [...]
Sellers experience a house price ‘reality check’ despite a climb in mortgage approvals November 26, 2018 New home mortgage approvals inched higher in October, the latest data shows. High street bank lending for house purchases grew by 3.6 per cent compared to the same month in 2017, UK Finance figures released today demonstrate. However, remortgaging approvals fell by a huge 13.5 per cent, with total mortgage approvals down 4.1 per cent. [...]
Theresa May’s Brexit deal could cost UK economy £100bn, according to new research November 26, 2018 Theresa May’s Brexit deal could cost the British economy £100bn, according to new figures. Research carried out by the National Institute of Economic and Social research, commissioned by the People’s Vote campaign for a second referendum, said that the cost would be the equivalent of losing the economic output of the City of London. It [...]
Mitsubishi sacks Carlos Ghosn from chairman role after arrest November 26, 2018 Mitsubishi Motors has sacked Carlos Ghosn following his arrest in Japan, with an expert predicting a wider fallout from financial misconduct allegations against the industry luminary. Mitsubishi is the third member of an alliance with Renault and Nissan, the latter of which ousted Ghosn as chairman after he was arrested over allegations of financial misconduct. Mitsubishi's [...]
Norwegian oil and gas firm DNO makes £608m hostile bid for Faroe Petroleum November 26, 2018 Norwegian oil and gas operator DNO has made an offer to buy Aberdeen-based rival Faroe Petroleum for roughly £607.9m after months of tension between the companies. DNO said today it has offered 152p per share, which it said represents a premium of 20.8 per cent to Faroe’s share price of 125.8p at the close of [...]
Rio Tinto to sell stake in African uranium mine for up to $106.5m November 26, 2018 Global mining group Rio Tinto has agreed a deal to sell its stake in Rossing uranium mine in Namibia to China National Uranium Corp for up to $106.5m (£83m). Rio Tinto is selling its entire 69 per cent in Rossing Uranium Limited, which owns the mine, for an initial sum of $6.5m, the company said [...]
UAE pardons British PhD student Matthew Hedges after sentencing him to life in prison on spy charges November 26, 2018 British PhD student Matthew Hedges, convicted as a spy and handed a life sentence last week by the United Arab Emirates (UAE), has been pardoned with immediate effect, it was announced this morning. The UAE freed Hedges as part of its National Day clemency tradition, state media reported. The decision follows “constructive” talks with foreign [...]
Piece of cake: Revenue and profits grow after Cake Box’s Aim IPO November 26, 2018 Cake Box boosted revenue by 44 per cent in its first half-year results following its £43m initial public offering (IPO), the company revealed today. The cream cake specialist listed on Aim in June and has since opened 15 new franchise stores, bringing the total to 101, with franchisee turnover up 29 per cent to £14.1m. [...]