Shein eyes Hong Kong for IPO as London listing stalls May 28, 2025 Fast-fashion giant Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing. The Singapore-headquartered company aims to file a draft prospectus with Hong Kong’s stock exchange in the next few weeks, according to Reuters. The move comes as a blow to [...]
Could Gordon Ramsay’s ramen deal be his latest kitchen nightmare? May 27, 2025 “Take a nice hefty fork of noodles,” Gordon Ramsay says, “and now we’re going to start building.” “Sprinkle my veg in and around: look at that, beautiful. And then add a touch more noodles.” Ramsay is in the middle of a YouTube tutorial on the Chef Woo channel, showing viewers how to make a chicken [...]
On this day: May 26 1896 — the first Dow Jones Industrial Average is published May 26, 2025 Charles Dow was a financial journalist with a rare gift. A high school dropout from rural Connecticut, he was able to explain the arcana of investment, stocks and bonds in clear, straightforward terms. In 1882, he and two other journalists, Edward Jones and Charles Bergstresser, founded Dow Jones & Company Inc. in a basement at [...]
London vs New York: Who will win the fintech IPO war? May 24, 2025 A battle with New York awaits as Rachel Reeves sets her eyes on London fintech IPOs. The Chancellor has courted top fintech darlings in her attempt to boost listings on the London Stock Exchange (LSE) as a fleet of firms are flirting with floating in the near future. Monzo is reportedly consulting with investment bankers on [...]
KKR lashes out against PHP in Assura bidding war May 19, 2025 Private equity giant KKR has lashed out against rival PHP in its bidding war for GP landlord Assura, arguing that a takeover by its competitor would risk scrutiny from the regulator. In a stock exchange notice this morning, KKR argued that its offer for Assura was “superior” as opposed to the PHP offer which comes [...]
GoDaddy recovers from huge loss as revenue jumps May 14, 2025 The European arm of GoDaddy, the US internet domain registry and web hosting company, has returned to the black after recovering from a loss of almost $70m (£52.6m). The Nottingham-headquartered division has reported a pre-tax profit of $4.2m (£3.15m) for 2024 after having slumped to a loss of $68.2m (51.2m) in 2023. New accounts filed [...]
Crystal Palace face FA Cup final amid boardroom battles and upheaval May 14, 2025 Crystal Palace’s preparations for Saturday’s FA Cup final have been taking place against a backdrop of more discord in the boardroom. The club’s biggest shareholder John Textor has made renewed attempts to purchase the combined 36 per cent stake of fellow American investors, Josh Harris and David Blitzer, with the timing of his latest approach [...]
Soho House: New venue reveals opening date after long delays May 9, 2025 A new opening date has been revealed for the UK’s latest Soho House location which has been beset by long delays. The private members’ club, which is listed on the New York Stock Exchange, is now targeting October as the launch month for its new venue in Manchester. The new location will be based at [...]
Ray-Ban owner issues warning after UK sales fall May 9, 2025 The owner of Ray-Ban has issued a warning over its performance this year after its UK sales and profit fell in 2024. The UK arm of Luxottica Group said the increase in the cost of goods and services is expected to negatively impact its gross and operating profit this year. The group added that the [...]
Deliveroo’s sale reignites fear over UK’s tech exodus May 9, 2025 When London-headquartered Deliveroo announced in early May that it had agreed to be acquired by US delivery giant Doordash, it triggered more than just a major shakeup in the food tech sector. To many in the industry, it was a familiar story – yet another prominent British tech firm snapped up by an overseas buyer. [...]