Ted Baker turns down Sycamore’s £250m takeover bid March 28, 2022 Fashion chain Ted Baker has rejected a £250m takeover bid from New York based private equity firm Sycamore. The US firm had tabled a £250m offer for the chain last week, it was reported by Sky News at the weekend. The London-listed retailer confirmed it had rejected two non-binding proposals from Sycamore regarding a possible [...]
Bermondsey Reach: Wittington Investments to snap up Southwark development with 300 flats March 25, 2022 Some 300 apartments are being planned for a site in Southwark that reportedly has a £135m development value. The 1.3 acre site has received planning consent for 312 residential flats and more than 20,000 sq ft of retail and commercial floorspace. Centerbridge and Argon Capital have appointed advisors from CBRE and KALMARS on the sale [...]
Lidl to create 1,200 new warehouse jobs by 2025 for Luton distribution centre March 25, 2022 Lidl will create more than 1,200 new warehouse jobs by the end of 2025 as construction on a new distribution centre nears completion. Construction was started on a new Regional Distribution Centre (RDC) in Luton last year, which boasts 1.2m sq ft. Now, the discount retailer is looking to fill roles at the warehouse. Team [...]
London’s top indexes struggle for direction on tame day in City March 24, 2022 London’s top indexes struggled to squeeze out any gains today on a tame day of trading in the City. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,467.38 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.52 per cent [...]
Lloyds to close 60 UK bank branches due to rise of online banking March 23, 2022 Lloyds Banking Group has said it is shutting 60 bank branches across the UK, due to customers switching to online banking. The banking conglomerate said it will close 24 Lloyds Bank branches, 19 Bank of Scotland branches, and 17 Halifax branches, on high streets across Britain, in response to record levels of online banking usage. [...]
Financials rally boosts London’s top indexes March 22, 2022 A rally among financial stocks boosted London’s top indexes this morning as the FTSE 100 closes in on its pre-Russian invasion of Ukraine high. The capital’s premier FTSE 100 index closed 0.46 per cent higher at 7,476.72 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Makeover for high street as cosmetic treatment firms snap up commercial units March 22, 2022 The UK high street is undergoing a makeover with fresh demand for units from dentists, cosmetic clinics and private healthcare. According to London estate agent Winkworth, commercial units are going to sealed bids as there has been a momentous pandemic interest in cosmetic procedures. Specialist medical services – including dentistry and cosmetic treatments – have [...]
New chairman for THG as Matt Moulding relinquishes role March 22, 2022 E-commerce retailer THG has named Charles Allen as its new chairman as Matt Moulding will continue as CEO at the beleaguered company. The company had previously declared it would split the roles of executive chair and CEO held by Matt Moulding. Allen, who has the same role at FTSE 250 construction giant Balfour Beatty, is to [...]
What are the top FTSE 100 stocks to keep an eye on as the index begins to recover? March 22, 2022 Two years ago today, the FTSE 100 index closed at 5,190 points, after its 32% covid-19 pandemic-induced crash since 17 January 2020. But even as the Russia-Ukraine war rages, the UK’s premier index is back to 7,405 points, only slightly down from its 7,611 February high. And with oil, inflation, and interest rates rising, value investors are now [...]
Experts predict surge in NFT related fraud in 2022 March 21, 2022 The number of NFT related frauds jumped five fold in the UK last year with the rise likely to continue according to industry experts.