Pensions Regulator boss to face questions from MPs over Arcadia deal June 23, 2019 The boss of the Pensions Regulator (TPR) is set to face a grilling from an influential committee of MPs later this week over the watchdog’s deal with Sir Philip Green to help save his fashion empire from collapse. Charles Counsell, the chief executive of TPR, is to appear before politicians just weeks after Green agreed [...]
Game recommends Sports Direct takeover offer June 21, 2019 Game has recommended shareholders approve a £51.9m takeover offer from Sports Direct. The company said Mike Ashley’s offer of 30p per share represents a “fair value” for the group. Read more: Mike Ashley’s Sports Direct lines up game takeover Game said the takeover would help it drive forward its esports initiative Belong Gaming Arenas. However, [...]
Dixons Carphone shares plunge further as hefty loss rattles investors June 21, 2019 Shares in Dixons Carphone dropped more than eight per cent this morning as investors reel from its disastrous full-year results. Read more: What’s wrong at Dixons Carphone? Analysts react to loss as shares dive The retailer yesterday revealed it had swung to a £259m loss, driven by poor trading in its mobile division, and warned [...]
Hilco eyes up struggling retailer Bathstore June 21, 2019 Restructuring fund Hilco is set to pounce on UK retailer Bathstore as it teeters on the edge of collapse, it is reported. Hilco, which has already taken over struggling high street names like HMV and Homebase, is in the process of preparing for a take over of Bathstore, according to Sky News. Read more: Now [...]
Fix the High Street June 20, 2019 I spend a lot of my life on the move. I live near Milton Keynes, my office is in London, and I spend half my time visiting our bases in New York and Los Angeles. I’ve got a lot of air miles, a screwed-up body clock and a ruthlessly controlled diary – as well as [...]
Chance to buy one of the world’s largest retailers cheaply June 20, 2019 | City Talk By Rodney Hobson from interactive investor. After a temporary technical hitch, this highly resilient company should soon shake off the blip. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. He [...]
Caretech half-year revenue booms after Cambian acquisition June 20, 2019 Care home operator Caretech has posted a sharp rise in revenue and profit for the half year after snapping up rival care and education firm Cambian Group. Read more: Competition watchdog launches probe into merger between Caretech and Cambian Group The figures Caretech’s revenue soared 120 per cent to £192.5m in the six months to [...]
What’s wrong at Dixons Carphone? Analysts react to loss as shares dive June 20, 2019 Dixons Carphone revealed huge losses of £259m this morning and warned there was “more pain” to come in its struggling mobile phone division. It blamed the rapidly changing mobile phone market in the UK and said it would take two years to break even amid a transformation plan. Read more: Dixons Carphone shares plunge as [...]
Cold weather dampens May retail sales June 20, 2019 Retail sales suffered a setback last month as volumes dropped 0.5 per cent month-on-month driven by unseasonably cold weather. Sales were up 2.3 per cent compared to May last year, representing the smallest annual rise since October 2018. Read more: Mullberry swings to a loss on tough UK retail market In April the year-on-year increase [...]
Dixons Carphone shares plunge as it swings to £259m loss June 20, 2019 Dixons Carphone swung to a £259m loss in its latest full financial year, it revealed today, as the retailer warned investors of “more pain” to come. The revelation that Dixons expects fresh losses from it UK mobile division sent shares down 20.5 per cent to 99p in early morning trading. Read more: Dixons Carphone must [...]