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High Street boosts discounts September 25, 2011 HIGH street retailers stepped up the battle to win over cash-strapped shoppers this weekend by slashing prices and launching promotions, days after Britain’s supermarkets announced fresh price cutting campaigns. Top fashion retailers including Next and Gap launched a two day “flash sale” over the weekend, with items discounted at 50 and 30 per cent respectively [...]
New private university in £10m placing June 5, 2011 SOME of Britain’s most celebrated academics have secured almost £10m in a private placement to launch a for-profit university that will charge £18,000 a year in tuition fees. AC Grayling, the famous philosopher, will become Master of the Bloomsbury-based New College of Humanities, which will offer degrees in English, history, philosophy, economics and law. He [...]
Goldman Sachs tops high yield bond league April 18, 2011 GOLDMAN Sachs has moved to top place for the first time since 2002 in the table for issuance of high yield bonds. The US investment bank has displaced Deutsche Bank – perhaps only temporarily because these positions have a habit of changing quickly – after completing a deal for the leisure group GEO. Goldman’s other [...]
Goldman Sachs tops high yield bond league April 18, 2011 GOLDMAN Sachs has moved to top place for the first time since 2002 in the table for issuance of high yield bonds. The US investment bank has displaced Deutsche Bank – perhaps only temporarily because these positions have a habit of changing quickly – after completing a deal for the leisure group GEO. Goldman’s other [...]
Matalan profit up June 25, 2010 Budget fashion retailer Matalan has seen a profit rise. The retailer made profits of £186m in the year to February – £41m up on the previous 12 months. Founder John Hargreaves shelved a plan to float the company earlier this year. Matalan trades from 205 UK stores with three more overseas.
Former Matalan boss joins Hut April 15, 2010 Angus Monro, the former Matalan chief executive is to join the board of online retailer The Hut Group. Monro is already among a list who have invested in the company, including fund managers Artemis and William Currie, and technology venture capital group Balderton Capital. Hut Group has been earmarked as the UK’s fastest growing online [...]
Matalan owner in line for payout March 7, 2010 JOHN Hargreaves, founder of discount clothing and homeware chain Matalan, could reap a £250m dividend as part of a refinancing deal. Hargreaves is reported to be looking at a £525m refinancing after the failure of the Lancashire-based company’s £1.5bn sale last year. One of the most substantial for a British retail company, the payout would [...]
Matalan nixes £1.5bn sale on price dispute February 10, 2010 MATALAN owner John Hargreaves has abandoned an auction of the budget fashion retailer after potential buyers refused to match his £1.5bn asking price. Hargreaves, who founded the chain in Preston in 1985, appointed Goldman Sachs and PricewaterhouseCoopers to explore a sale of the business in December after receiving unsolicited offers from private equity groups. Buyout [...]
Matalan price gets a boost January 13, 2010 FASHION and homewares retailer Matalan has boosted its £1.5bn auction by revealing further strong growth over the Christmas period. The group revealed that like-for-like sales rose 13.7 per cent in the five weeks to 2 January. The upbeat trading statement came despite tough comparatives with positive trading figures seen a year earlier. Five private equity [...]
Matalan auction boosted by Xmas sales January 12, 2010 FASHION and homewares retailer Matalan has boosted its £1.5bn auction by revealing further strong growth over the Christmas period. The group revealed that like-for-like sales rose 13.7 per cent in the five weeks to 2 January. The upbeat trading statement came despite tough comparatives with positive trading figures seen a year earlier. Five private equity [...]