Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
Pure Electric: Scooter brand to make first profit in 2026 after transformation February 25, 2025 Pure Electric, the scooter brand run by former Hargreaves Lansdown investor Adam Norris, has predicted it will make its first profit in 2026 after transforming its business model. The Somerset-based business added that its pre-tax loss will continue to fall during its current financial year as it expands further across the world. The forecast comes [...]
HSBC Innovation Banking bets £30m on fintech Clearscore February 25, 2025 HSBC Innovation Banking has backed global fintech Clearscore lending £30m in debt financing. After first partnering in 2017, the fintech said the continued support of the bank will help drive further business growth across domestic and international markets. Clearscore credited the lender for its “vital role in its global expansion” with the financial marketplace now [...]
Time to breakup? Which UK stocks might benefit from selling assets January 27, 2025 Selling assets is a fashionable activity for UK stocks: WH Smith announced this morning that it is exploring a possible sale of its high street business to focus on its travel trade, following in the footsteps of Reckitt Bensicker, Marston’s and DCC, all of which have sold assets to unlock value recently. The news from [...]
Sainsbury’s to axe 3,000 jobs and close all in-store cafes January 23, 2025 Supermarket giant Sainsbury’s has confirmed plans to axe more than 3,000 roles as it prepares to close all its remaining in-store cafes. The major overhaul will cut two per cent of its current workforce, which stands at 148,000. The move will also make around 20 per cent of senior management roles at Sainsbury’s redundant. The [...]
Inside the bitter court battle over Yodel’s future – and why it matters January 20, 2025 An increasingly bitter legal battle has broken out between Yodel and the entrepreneur who attempted to rescue the delivery giant last year. In the one corner is the Liverpool-headquartered company and its chief executive, Mike Hancox. In the other is the man who led that aborted rescue deal – which ended up falling through last [...]
Share price down after Sainsbury’s reported bumper Christmas January 10, 2025 Sainsbury's claims to have won the grocery market share for the fifth consecutive Christmas, with sales up nearly four per cent
How the ‘Littler Effect’ helped Target Darts hit a commercial bullseye December 17, 2024 The Littler Effect helped Target to double its business and earned the teenager over £1m.
Sainsbury’s: FTSE 100 retailer warns Reeves’ budget may push up food prices November 7, 2024 Chief executive of Sainsbury’s Simon Roberts has warned that Reeves’ decision to increase employer’s national insurance contributions (NICs) by 1.2 per cent to 15 per cent next April could lead to price inflation. Sainsbury’s has estimated the cost of the change at £140m, according to the Guardian. “This industry operates on very low margins, and there just [...]
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.