Frasers’ buying spree continues as it snaps up online bike store Wiggle March 3, 2024 Sports Direct owner Frasers Group has bought online bike store Wiggle out of administration, betting that demand for bikes will eventually recover.
The week that was: St James’s Place and Reckitt lead painful few days for the City March 2, 2024 A week in which 50 firms posted their final results was always going to produce some news. St James's Place and Reckitt defined a bruising few days for the Square Mile.
The UK is lagging behind in supporting the scale and economic potential of growing sectors, including sports and recreation: Padel is a prime example March 1, 2024 With over 25 million players in more than 90 countries, padel has been taking the world by storm, and has frequently been reported as the fastest-growing sport across the globe. Spain has six million players, and over 20,000 courts. Italy is the fastest new adopter of the sport, making up 18.5% of all global Google [...]
Superdry: Shares tank as Dunkerton granted extension on takeover bid March 1, 2024 Shares in Superdry are down over nine per cent following an announcement it has extended a deadline for its founder and chief Julian Dunkerton to make a solid offer to take the company private.
Price rises keep sales steady at Quality Save after takeover by Home Bargains March 1, 2024 Quality Save's sales held steady despite having to transfer a number of stores to new owner Home Bargains after rising its prices.
More misery for retail as footfall slips to lowest level since pandemic on wet weather and strikes March 1, 2024 Unpredictable British weather has yet again been blamed for hurting trade on UK high streets. According to a report by the British Retail Consortium (BRC), footfall recorded in February slumped to the lowest since the pandemic, falling 9.3 per cent against a 2.3 per cent decline the prior month. Some 23mm of rain fell across [...]
Spring Budget 2024: Hunt set to unveil Natwest government share sale aiming to raise up to £4bn February 29, 2024 Chancellor Jeremy Hunt is set to unveil more details on the government's plan to sell its shares in Natwest to retail investors at next week's Spring Budget, alongside wider reforms to boost UK capital markets activity.
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Footasylum hails ‘record-breaking’ year as sales pass £300m February 29, 2024 Footasylum has hailed a "record-breaking" year for the retailer which saw its sales pass the £300m mark.
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London February 29, 2024 West-End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year.