Segro sells £275m warehouse portfolio as it eyes ‘new investment opportunities’ July 19, 2024 The London-listed warehouse giant Segro has sold a group of retail spaces worth more than €327m (£275m) as it eyes “new investment opportunities”. The sale includes four warehouses, two located in Milan and two in Rome, which Segro said it had developed for “some of our largest clients” to support their expansion plans. The warehouses [...]
Retail sales slump despite higher real wages July 19, 2024 Retail sales fell faster than expected with department stores particularly badly hit.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
Cotton Traders defies high street downturn with new stores as owner nears $1.6bn float July 18, 2024 Cotton Traders has opened a slew of new stores as the former catalogue business continues to weather the challenging environment faced by high street retailers, according to newly-filed documents.
Private equity giant 3i makes ‘encouraging start’ on back of star performer Action July 18, 2024 The firm's net asset value (NAV) per share rose four per cent to 2,167p at the end of June, up from 2,085p at the end of March.
Frasers shares jump as firm’s profit comes in at the ‘top end’ of guidance July 18, 2024 The group, which became one of the UK's top retailers under the stewardship of Mike Ashley, said adjusted profit before tax rose 13.1 per cent to £545m.
Dunelm weathers wet summer as it eyes record annual profit July 18, 2024 Homeware retailer Dunelm has weathered a wet summer to deliver strong sales across its product ranges, with the company now expecting to outstrip its forecast annual profit.
Adidas: Spain’s Euro 2024 sponsor raises guidance again as profit booms 45 per cent July 17, 2024 Operating profits almost doubled in the second quarter of the year, from £147m to £346m, up by 45 per cent.
FTSE 100 today: Blue-chip to rise on sub-two per cent inflation, boosting rate cut bets July 17, 2024 Asian stocks rise amid Fed rate cut hopes, gold extends rally; investors focus on upcoming UK and Euro area CPI reports.
Cineworld in talks to axe a quarter of UK sites two years after debt crisis July 16, 2024 Cineworld first ran into trouble in 2022, when a share price collapse in light of a debt crisis led it to de-list from the London Stock Exchange.