Zuber Issa exploring £500m sale of Asda stake in split with brother February 4, 2024 One of the billionaire Issa brothers, who together co-own Asda alongside a private equity firm, is reportedly trying to offload his stake in the supermarket as it grapples with a mounting debt pile.
FTSE 100 close: London ends week down after US jobs figures February 2, 2024 US tech stocks dominated overnight news, all eyes will turn to US non-farm payrolls report, which are out at 1.30pm.
Superdry share price soars over 100 per cent as Julian Dunkerton mulls takeover February 2, 2024 Superdry shares soared over 100 per cent this morning after boss and co-founder Julian Dunkerton revealed he is in talks over a possible takeover deal to rescue the troubled fashion brand. The firm told investors this morning Dunkerton is “engaged in discussions with potential financing partners” over a possible takeover offer for the business”. “These [...]
How a ‘hands-on approach’ is helping drive sales at national butchers Althams February 2, 2024 Turnover at national butchers Althams continued its post-pandemic rise during its latest financial year while its profits also grew, newly-filed documents have confirmed.
January sales fail to impress shoppers as London footfall disappoints February 2, 2024 January was another disappointing month for London retailers as shoppers steered clear of the high street. A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December. With [...]
Schuh creates almost 350 jobs as sales take £50m step forward February 1, 2024 Schuh created almost 350 jobs as its sales surged by nearly £50m, new documents have revealed.
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Club L London: Sales almost double as profits rise and headcount jumps February 1, 2024 Sales have almost doubled at fashion retailer Club L London during a year which also saw its profits and headcount jump.
GoHenry boss Louise Hill: I’d have loved to stay UK-owned February 1, 2024 Each week Charlie Conchie interviews the biggest names in the world of finance and tech. This week he sits down with Louise Hill, the founder of kids’ money-management business GoHenry, which was taken over last year “I blame my kids,” laughs Louise Hill from her office in Farringdon. The founder of children’s finance app GoHenry used to [...]
IKEA to open new stores as UK profits more than double January 31, 2024 IKEA's UK profits more than doubled during its latest financial year as it sets it sights on opening new stores.