Superdry boss: “I’m the right man for the job” September 3, 2023 “Would this company be here if I hadn’t come back? I don’t think it would," the Superdry founder has said in an interview
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?
Octopus buys Shell UK energy arm making it Britain’s second biggest supplier September 1, 2023 The deal will require regulator approval and Shell customers were advised to “sit tight” for now, with it hoped to be formalised in the final quarter of the year.
Lego profits tumble as pandemic playday comes to an end August 30, 2023 The Lego Group has suffered a steep fall in profits, figures from its half year results show, as demand for the plastic bricks maker showed signs of dwindling amid a tough economic climate. Operating profit at the children’s toy brand reached DKK 6.4bn (£740m) during the first half of the year, down considerably from DKK [...]
Who are the frontrunners in the race to save Wilko? August 30, 2023 Why did Wilko go bust? A cocktail of dwindling demand for physical stores and competition in the discount market appeared to tip Wilko into administration. Even when a squeeze on public finances forced shoppers back to the high street in search of cheaper goods, they seemed to favour rivals B&M and Poundland when nabbing a [...]
Superdry shares suspended after audit delays August 30, 2023 Fashion business Superdry has had its shares suspended after delays to publishing its latest financial results.
Wilko ‘not out of the woods’ yet as redundancies suspended while PwC mulls bids August 29, 2023 Wilko has suspended all redundancies while its administrators PwC consider further bids, GMB Union has said. The union met administrators of PwC this morning to discuss multiple bids which have been made for the discount retailer. “Whilst this is a positive development, Wilko is not out of the woods by any means and this is [...]
FTSE 100 reshuffle: M&S in, Abrdn out, but who else is coming and going? August 29, 2023 As the reshuffle of the FTSE 100 index approaches, several firms are vying for a coveted spot among the UK's top-tier stocks.
Bunzl: Giant on a shopping spree with two acquisitions and bumped-up guidance August 29, 2023 Outsourcer buys firms in Poland and the Netherlands as it continues acquisition spree
Food inflation cools but Russia’s exit from grain deal poses threat to prices August 29, 2023 Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]