Frasers adds troubled Missguided to empire in £20m takeover June 1, 2022 Frasers Group has snapped up beleaguered online retailer Missguided, the British retail giant confirmed in a regulatory filing today. The Mike Ashley-founded group, which owns House of Frasers and Sports Direct, has bought Missguided for £20m, following its collapse earlier this week. Fast fashion rival Boohoo was understood to be interested in buying the collapsed [...]
Feature: Big Tech’s big bet on India June 1, 2022 Alphabet has given the Indian market another vote of confidence this week, reportedly pumping fresh capital into Mohalla Tech, the parent firm behind short-video platform Moj and regional social network ShareChat. Though the companies are yet to confirm the $300m funding round, which is expected to take Mohalla’s value to a whopping $5bn, the reports [...]
If the monarchy wants to survive, it must learn from the Queen’s longevity June 1, 2022 The Queen’s Platinum Jubilee Weekend has almost arrived. With over 16,000 street parties around the country, beacon lighting, a pageant and concert in central London, it’s set to be a bumper celebration for the whole nation. The journalist and author Walter Bagehot once wrote that “a royal family sweetens politics by the seasonable addition of [...]
London’s many strengths can be bound together and renewed by public transport June 1, 2022 The opening last week of the Elizabeth Line, Britain’s latest engineering marvel, prompted reflections on how much there is to gain from better physical connections into and between London’s two biggest financial hubs – Canary Wharf and the Square Mile. The Square Mile is home to London’s insurance market, preeminent in the world and writing [...]
As Johnson squirms, his party must remember the roots of Conservatives values June 1, 2022 Boris Johnson has strayed very far from Conservative ideals
Letters: Get your own bank branch in order June 1, 2022 [Re: Nationwide boss takes aim at rivals over bank branch closures, May 29] I read with amusement the reported comments by Joe Garner concerning the accelerating number of bank branch closures in recent months. I have just received a notification from Nationwide to the effect that my nearest branch of the Society, which is about two [...]
Deutsche Bank unit raided in Germany over ‘greenwashing’ allegations May 31, 2022 Prosecutors in Germany raided Deutsche Bank’s asset management unit DWS and the bank’s headquarters yesterday.
Gold Fields to buy rival Yamana Gold in $6.7bn deal May 31, 2022 South African mining giant Gold Fields is set to acquire rival Yamana Gold, making it the world's fourth largest gold mining group.
Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Gold prices hit by hawkish Federal Reserve May 31, 2022 A resilient US dollar and rising bond yields are weighing down investor confidence in gold, which sits well below the $1,850 threshold.
