Landsec returns to profit as London property market stabilises November 15, 2024 British property investment trust Land Securities, known as Landsec, swung back into profit and hiked its forecast for the year today after a rebound in occupancy and rental income in London. Landsec told markets this morning that it had returned to the black in the first half of the year, reporting profit after tax of £243m [...]
Retailers warn of ‘inevitable’ job losses and price rises after budget tax hikes November 13, 2024 Retail bosses warned that they will be forced to hike prices and cut jobs due to the government’s tax hikes, as the sector braces for a substantial increase in employment costs. In a draft letter to the Chancellor, coordinated by the British Retail Consortium (BRC), retail bosses warned that job losses were “inevitable” and higher [...]
Square Mile and Me: Together’s Ryan Etchells on going from intern to CCO November 7, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Together CCO Ryan Etchells, with a northerner's perspective on the Square Mile.
Mike Ashley defeated: What’s next for Boohoo and will Frasers billionaire seek revenge? November 1, 2024 Retail tycoon Mike Ashley has experienced a rare taste of defeat after fast-fashion giant Boohoo resisted his attempt to become its new chief executive by tapping the boss of Debenhams. Dan Finley is to step into the role which is being vacated by John Lyttle whose departure was announced last month. Mike Ashley’s Frasers Group [...]
Boohoo calls in Debenhams chief in snub to Mike Ashley November 1, 2024 Boohoo has appointed a former JD Sports executive as its new boss today in what will be seen as a snub to Sports Direct tycoon Mike Ashley. In a statement to the market, the troubled fast-fashion firm said Dan Finley, who currently runs its Debenhams division and previously spent a decade at JD Sports, would [...]
JD Sports sells its majority stake in Rebecca Adlington-founded company October 29, 2024 JD Sports has sold its majority stake in a company founded by former Olympic swimmers Steve Parry, Rebecca Adlington and Adrian Turner. The Greater Manchester-headquartered retail giant, through its subsidiary JD Gyms, has held a 60 per cent stake in Bolton-based Total Swimming Group since a deal in 2022. At the time, the initial cash [...]
Applied Nutrition prices London IPO towards lower end of range October 24, 2024 Sports health brand Applied Nutrition priced its IPO at £350m, towards the bottom of its guided range but still a boost for the beleagured London Stock Exchange.
Mike Ashley’s Frasers Group backs N Brown takeover amid Mulberry pursuit October 18, 2024 Mike Ashley’s Frasers Group has backed the £191m proposed takeover of JD Williams-owner N Brown and announced the sale of its 20 per cent stake in the company for £38m. The retail empire, which includes Sports Direct and House of Fraser, holds nearly 95,000,000 shares in the Manchester business and will sell them for 40p [...]
Applied Nutrition guns for £220m fundraise in London IPO October 15, 2024 Sports health brand Applied Nutrition is seeking to raise up to £220m in its IPO later this month in what could be one of London's biggest stock market floats this year.
What’s on in London in October 2024 October 2, 2024 As the vibrant hues of autumn foliage paint the city, October in London invites locals and visitors alike to revel in the season’s new colours. From Halloween tours that unveil the city’s haunted history to enchanting art exhibitions and indulgent hotel stays, October in London provides an exciting range of events to be explored. Here’s [...]