Elliott tries and fails with second bid for Currys as takeover war continues February 27, 2024 Currys has rejected a second takeover bid from activist investment firm Elliott worth around £700m.
Homebase could be on the market again after £1 sale February 27, 2024 Homebase could reportedly be put up for sale again after it was sold for £1 to Hilco Capital back in 2018. A number of parties have reportedly held talks with the restructuring giant about snapping up the garden chain including The Range and B&M Bargains. It was reported by The Times that there was speculation [...]
Shein mulls London IPO after pressure from US regulators February 27, 2024 Chinese fast fashion giant Shein is considering switching its blockbuster IPO plans from New York to London in what would be a major boon to the beleaguered London Stock Exchange, according to reports.
The Very Group: Barclay family-owned retail giant welcomes £125m injection as it falls to half-year loss February 27, 2024 The Very Group, the retail giant owned by the billionaire Barclay family, has secured a £125m investment as it fell to a half-year loss.
Mcbride: Share price soars as it raises profit guidance on end of sticky inflation February 27, 2024 Manchester based cleaning product manufacturer Mcbride has raised its full year profit expectations off the back of a strong year.
Customers’ own brand switch slows sales growth at Victorian Plumbing February 27, 2024 Customers switching to own brand products because of the cost-of-living crisis impacted sales at Victorian Plumbing during the first part of its financial year, according to new figures.
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget February 27, 2024 Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continue to seek out discounts despite cooling inflation.
Grocery inflation hits lowest level in two years, but non-food items keep rising February 27, 2024 Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British Retail Consortium’s (BRC) latest reading showed food inflation also slowed to 5.0 per cent this month, down from 6.1 per cent in January and is [...]
Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless February 27, 2024 A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless , according to a new study by Barclays, as the payment method traditionally used by youngsters goes mainstream.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.