Ikea promises to cut furniture prices as costs start to ease October 12, 2023 Ikea has promised to pass on cost savings to customers by cutting prices over the next year as pressures in its supply chain start to ease. The company said that it has a “clear intention” to reduce prices this financial year, ending next August and will launch a sale at Easter for the first time. “Despite [...]
Birkenstock share price slides 12 per cent in disappointing debut October 12, 2023 Birkenstock ended its first day of trade as a listed company down 12 per cent, making the frumpy shoes’ highly anticipated debut to the US stock market the worst stock market float in two years, analysts claim. Shares in the German sandal maker started trading at $41 (£33) a share, below its IPO price of [...]
Time to buy? Shares are up as Hotel Chocolat says it’s ‘on the front foot again’ October 12, 2023 Hotel Chocolat CEO said the "hard work" of a turnaround plan was beginning to pay off
Wagamama latest to go private in £700m Apollo deal October 12, 2023 Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.
Next eyes £100m deal for FatFace in latest shopping spree October 11, 2023 If completed, it will be the latest name to join Next’s expansive list of firms it has gobbled up since the pandemic.
Selfridges losses narrow amid calls for return to VAT-free shopping October 11, 2023 The net loss for the year was £38.9m a stark improvement from an £83.9m dip it posted in the same period last year.
Can Birkenstock’s Barbie boost kick the IPO market into life? October 11, 2023 Analysts hope Barbie favourite Birkenstock can help kick the IPO market into life as it floats on the New York Stock Exchange today.
Birkenstock prices US IPO at $46 per share October 11, 2023 Birkenstock has priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share.
Travis Perkins shares sink after mortgage misery profit warning October 11, 2023 Travis Perkins joins a slew of other businesses in the construction industry which have been hindered by the UK's ailing property market.
Marstons: Pub classics continue to help drive sales at no-frills haunt October 11, 2023 Marstons boss told City A.M during the summer that its food division has performed well recently after it streamlined its menu 14 months ago.