Harrods passes £1bn mark as Qatari owners get £180m pay day despite falling profit September 2, 2024 Sales jumped to £1bn at the company behind luxury department store Harrods during its latest financial year, but profit was slashed over the same period, it has been revealed. The London icon posted a turnover 8.2 per cent higher for the year to 3 February, 2024, according to newly-filed accounts with Companies House, compared to [...]
Mike Ashley’s Frasers Group ups stake in Boohoo after shares slump September 2, 2024 Mike Ashley’s retail empire Frasers Group has further increased its stake in fast fashion giant, Boohoo. The Mansfield-headquartered group now holds 26.1 per cent of the shares in Boohoo, up from 25 per cent, according to a newly-filed document with the London Stock Exchange. Frasers Group, which owns the likes of Sports Direct and House [...]
What it takes to forage for gold in a growing health and wellness market September 2, 2024 For start-ups, the hunt for capital can be difficult. It can be so difficult, most entrepreneurs turn to credit cards to find the money.
US jobs data takes centre stage as markets bet on Fed rate cut September 1, 2024 US jobs data will take the spotlight for global financial markets this week as investors look for clues on how far the Federal Reserve might go in cutting interest rates.
Oasis ticket-selling websites hit with outage issues August 31, 2024 Oasis fans face a struggle to secure general sale tickets for the band’s comeback tour as booking websites experienced outages.
Burberry’s fall out of the FTSE 100 is about much more than a challenging market August 30, 2024 Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September. It’s an unfortunate if not surprising turn of events for the UK’s only luxury fashion brand, which has seen its share price drop nearly 75 per cent in the last [...]
Easing inflation helps retail footfall in August despite riots August 30, 2024 Retail footfall in the UK was boosted by good weather and easing inflation in August, despite the effect of the violent riots which erupted earlier in the month. Total UK retail footfall fell by 0.4 per cent in August year-on-year, compared to an annual drop of 3.3 per cent in July, according to the British Retail Consortium (BRC). It’s [...]
Octopus quietly pumps £25m into ‘mispriced’ AIM market August 29, 2024 Octopus Group has quietly pumped £25m of its own cash into London’s beleaguered AIM market in a bid to take advantage of “mispriced” smaller companies, it has been revealed.
Etoro chief: UK should do more if it wants us to float in London August 29, 2024 Etoro is weighing up whether to list in London or New York, but is hoping the UK government will do more to empower capital markets.
Mike Ashley’s Frasers Group snaps up stake in Australian retail group August 28, 2024 Mike Ashley’s Frasers Group has continued its acquisition spree with a strategic investment into the Australian retail and distribution firm Accent. The London-listed retail empire snapped up a 14.65 per cent stake in the company in a move it hopes will further its footprint in Australia and New Zealand – identified as a key market [...]