Lidl aims for 1,100 UK stores by 2025, creating 4,000 new jobs November 24, 2021 Supermarket Lidl has announced plans to have 1,100 stores across the UK by 2025, creating 4,000 new jobs, after opening 55 stores during the first year of the pandemic. It comes as the grocer published its accounts filed with Companies House for the 12 months to the end of February showing revenues jumped 12 per [...]
Revolution Beauty plots US expansion as sales soar November 24, 2021 Revolution Beauty's half year results have been lifted by surging demand for makeup amid the worldwide lifting of lockdown restrictions.
Asia sales and Covid-19 unlocking boost luxury retailer Mulberry November 24, 2021 The Covid-19 unlocking and booming sales in Asia have boosted luxury fashion retailer Mulberry, reveal new figures released today. Income at the London-listed retailer climbed 34 per cent to over £65m, up from £48.9m in the same period last year. Profits jumped to £10.2m, largely driven by the sale of shop leases in France. UK [...]
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Investors eat up UK inflation-linked debt despite record low yield November 23, 2021 The UK has sold a tranche of debt that will pay investors the lowest inflation adjusted yield on record. Investors hoovered up over £1bn in inflation-linked gilts maturing in 2073 paying the lowest yield on any syndicated gilt sale ever. The maturity date is also the longest for any inflation-linked debt issued. Inflation-linked debt is [...]
Telecom Plus: Shares soar despite decline in profits in crisis-hit industry November 23, 2021 Shares in Telecom Plus have rocketed 11.57 per cent despite falling profits amid expectations of a 10 per cent growth in customers.
Uber expands to cannabis delivery in Canada November 22, 2021 Uber's delivery and takeout unit has partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders through Uber Eats in Ontario, Canada, a company spokesperson told Reuters.
Australian Buy Now Pay Later firm wades into UK market November 22, 2021 Australian Buy Now Pay Later (BNPL) firm humm has waded into the UK’s alternative credit market ahead of Black Friday and Christmas sales. It means Brits will be able to borrow between £1 and £3,000 across 12 months with zero interest. The Australian-listed firm offers consumers the ability to pay in five or 12 instalments [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
China hands out new fines to tech giants in anti-monopoly crackdown November 20, 2021 Chinese tech giants including Alibaba Group and Tencent Holdings have been fined for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party. The companies failed to report 43 acquisitions that occurred up to eight years ago under rules on “operating concentration”, according to the State Administration for Market Regulation. [...]