Exclusive: Laybuy up for sale after turbulent time on public markets April 16, 2024 Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City A.M. can reveal.
Superdry and Dr Martens shares tank on London exits and fears for the future April 16, 2024 Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive.
Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets April 16, 2024 The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.
Superdry to delist from London Stock Exchange in latest effort to stay afloat April 16, 2024 Embattled fashion brand Superdry has said it will delist from the London Stock Exchange as part of a restructuring plan to keep the company alive.
FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions April 16, 2024 Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
Troubled Superdry to launch steep rent cuts in latest efforts to stay afloat April 15, 2024 Embattled Superdry will publish a restructuring plan over the coming days which will entail steep rent cuts across a large number of its 94 stores.
Uniqlo: Viral TikTok trend helps boost European sales past £1bn April 15, 2024 Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.
City grandee and Kingfisher chair Andrew Cosslett to step down after seven years April 15, 2024 The City grandee chairman of the owner of B&Q will not stand for re-election, it was announced on Monday, a move which follows a string of profit warnings at the firm.
Next REIT to go? Balanced Commercial Property joins long list mulling sale April 15, 2024 In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.
Furniture Village hit by ‘fragile economic backdrop’ as sales falter April 15, 2024 A fall in customers visiting both its stores and website hit sales at Furniture Village during its latest financial year.