Revealed: Matalan lost over £100m as lenders took control March 6, 2024 Matalan lost more than £100m in the year it was taken over by its lenders, newly-filed accounts have revealed.
Rathbones sees higher outflows as Investec Wealth merger ‘progressing well’ March 6, 2024 Rathbones' funds under management and administration came in at £105.3bn, compared with £60.2bn in 2022. This figure included £42.2bn from IW&I.
Chris Smalling and ITV-backed vegan food brand smashes fundraising target March 5, 2024 A vegan food brand backed by the likes of former Manchester United footballer Chris Smalling and ITV has smashed through its crowdfunding target.
‘This clearly shows the absurdity of UK stock market valuations’: Currys urged to accept offer that values it at over £1bn March 5, 2024 Currys should accept a takeover offer that would value the company at more than £1bn, according to one of its shareholders.
Marks boss: Running a business under this government is like ‘going up a down escalator with a rucksack on your back’ March 5, 2024 Marks and Spencer boss Stuart Machin has said operating a business under the current government is like “running up a downwards escalator with a rucksack on your back”.
Wettest February on record leads to poor month for retail March 5, 2024 New figures from the British Retail Consortium (BRC) showed that retail sales increased 1.1 per cent in the year to February, down from 5.2 per cent last year and below the three-month average of 1.4 per cent.
New Footasylum CEO named as former boss takes role with The Body Shop owner March 4, 2024 The CEO and executive chairman of Footasylum is to step down and take on a role with Aurelius, the German private equity firm that owns the brand and The Body Shop.
Matalan turns to AI in ‘retail first’ as it predicts productivity to quadruple March 4, 2024 Matalan launched a Generative AI (GenAI) tool in a "retail first" which it has said will lead to a quadrupling of productivity.
Pukka Pies: New products help sales and profits rise March 4, 2024 New products helped sales and profits rise at Pukka Pies during its latest financial year, according to newly-filed accounts.
The Body Shop under fire for missing millions and ‘profitable’ closures March 3, 2024 Dozens of The Body Shop stores shut despite them being profitable. Now questions have been raised about the circumstances behind the closures.