Sir Philip Green’s family set to make £50m from Topshop sale January 30, 2021 Sir Philip Green’s family is reportedly set to receive £50m from the sale of Topshop. The troubled retail group collapsed at the end of last year and its flagship brands Topshop and Topman reportedly failed with gross liabilities of more than £550m. The groups’ demise launched 13,000 jobs into uncertainty and became the biggest casualty [...]
Tech firms need to grasp the chance to change their hiring January 30, 2021 The year 2020 will be remembered for a lot of reasons. It was, obviously, a challenging year, with many facing furlough and redundancies, as scores of businesses were forced to close their doors. The pandemic has hit the economy hard, and the UK’s jobs crisis is worsening each month. Worryingly, young people are the most [...]
Lookers shares boom as stock finally readmitted to trading January 29, 2021 Shares in long-troubled car dealership Lookers rose 90 per cent today as the firm’s stock was finally readmitted to trading. The FCA suspended shares in the auto firm back in July after failing to publish its full year results for 2019. The discovery of a £19m hole in its figures threw the firm into disarray [...]
Dr Martens valued at more than £3.7bn in London IPO January 29, 2021 British bootmaker Dr Martens started its London IPO in style on Friday, attracting bumper demand in a sale valuing the company at £3.7bn. Dr Martens’ shares were up 19 per cent in their market debut after the company priced the deal at 370p a share, raising nearly £1.3bn. Known for its chunky boots, Dr Martens [...]
Billionaire Coates family of Bet365 stump up half a billion in tax January 29, 2021 Gambling family Denise, John and Peter Coates of Bet365 have paid more than half a billion pounds (£573m) in tax this year, making them the top taxpayers in the UK. Denise Coates founded Bet365 in 2000, and the tax paid by the family and the business is equal to the price of paying for 62,725 [...]
Elon Musk brands shorting stock a ‘scam’ following GameStop trading restrictions January 28, 2021 Redditors: We'll 'burn Robinhood to the ground' after Gamestop trading restricted
Paperchase secures future of 90 high street stores – but 37 set to close January 28, 2021 Paperchase has secured a deal to rescue the majority of its high street stores, saving 1,000 jobs, but 37 shops are set to close following the sale. The stationery retail chain announced it appointed administrators this morning and was bought by Aspen Phoenix Newco. Funds managed by Permira Debt Managers are the majority stakeholders in [...]
Crypto AM shines its Spotlight on BitcoinPoint.com January 28, 2021 With the largest ATM network in the UK, innovative ‘on-ramp’ solutions to instantly buy and ‘off-ramp’ to sell Bitcoin, BitcoinPoint.com brings cryptos closer to Mass Adoption, with the vision of bringing financial inclusion to the unbanked and the non-tech-savvy. 16,000 ATMs Bitcoin sales from cash withdrawals have reached an unprecedented scale in the UK, as [...]
Joules mulls hiking prices for shoppers to offset rising Brexit costs January 28, 2021 Fashion retailer Joules has warned it is considering increasing prices for consumers as it revealed that Brexit had disrupted exports and could cost it an extra £1m per year. Joules said that, despite its preparation for the end of the transition agreement, exports to certain EU markets had suffered, with Germany being particularly impacted. The [...]
Fever-Tree to beat revenue expectations as supermarket sales soar in lockdown January 28, 2021 Fever-Tree expects to beat revenue expectations for last year following strong supermarket sales of its soft drinks and mixers during the pandemic. The firm said this morning that total revenue for 2020 is expected to be £252.1m, ahead of guidance provided in September. Revenue will be down three per cent on the previous year due [...]