One clear trend from London Fashion Week? The tourist tax is failing retail February 21, 2024 London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.
Currys’ largest shareholder warns Elliott offer ‘highlights London equity market drain to US’ February 20, 2024 The head of Currys' largest shareholder Redwheel, a hedge fund formerly known as RWC said Elliott Advisors' proposed takeover offer of the retailer has “highlighted a wider problem with the UK equity market.”
The Body Shop to close nearly half of UK stores – with seven to shut immediately February 20, 2024 The joint administrators of The Body Shop have revealed plans to restructure the high street retailer which will see a raft of stores close and hundreds of jobs lost.
Lok’n Store’s development pipeline grows as company seeks to capitalise on demand for self-storage February 20, 2024 A publicly listed self storage company is close to opening its biggest store to date in Barking, Greater London.
Plus500 plotting deals spree as it readies £138m payout to shareholders February 20, 2024 Retail trading platform Plus500 topped market expectations and announced plans to put $175m back in shareholders pockets today despite a squeeze on revenues and profits over the past year.
FTSE 100: London creeps into the green, Currys soars as takeover battle looks likely February 19, 2024 On the FTSE 100, Astrazeneca rose to the top of the index after its Tagrisso drug received positive clinical trial results.
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.
Elliott mulls new higher offer for Currys after initial £700m bid rejected February 19, 2024 In an update this morning, the owner of Waterstones, said: “Elliott confirms that it is considering a possible cash offer for Currys.”
Hunt must ‘roll out the red carpet’ for firms looking to IPO, City group warns February 19, 2024 The government needs to “roll out the red carpet” for companies mulling an IPO to solve the listings drought, a top City body has warned.
FTSE 100 close: London powers into the green after retail rebound, Natwest shares soar February 16, 2024 "Market sentiment is being buoyed by better-than-expected retail sales," Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown.