Currys: Could Mike Ashley’s Frasers Group enter bidding war? February 19, 2024 Electricals retailer Currys hit the headlines over the weekend after it emerged it could become the latest big name to leave the London Stock Exchange in a huge take-private deal.
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value February 14, 2024 Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."
Mike Ashley’s Frasers Group strengthens grip on AO as it increases stake again February 13, 2024 Mike Ashley's Frasers Group now owns almost a quarter of electricals seller AO after the retail giant further upped its stake.
Most shorted companies revealed: Petrofac takes top spot February 12, 2024 Seven investment firms held short positions in Petrofac, with Helikon Investments Limited holding the largest position at 3.5 per cent.
How widening losses at delivery tech platform Sorted led to £66.73 rescue deal February 12, 2024 Losses neared £30m at delivery tech platform Sorted ahead of it being bought just £66.73 in a reverse takeover deal, it has been revealed.
Debenhams slashes losses as sales jump by over £30m February 12, 2024 Debenhams slashed its losses thanks to a surge in its sales by more than £30m, new accounts have revealed.
Mike Ashley’s Frasers Group begins £80m share buyback and ups stake in N Brown February 12, 2024 The programme, which begins today and will run for 11 weeks to 28 April, will see a maximum of 10m shares acquired for £80m at most, or about two per cent of the firm.
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
Revolution Beauty targets £1bn sales, leaving string of scandals behind February 8, 2024 Lauren Brindley, Revolution Beauty's newly appointed chief and former Boots executive, is set to inform investors about its business strategy at a capital markets event taking place today.
Mike Ashley’s Frasers Group further ups Boohoo stake February 7, 2024 Mike Ashley's Frasers Group has furthered strengthened its position as the largest single shareholder in Boohoo.