US private equity titan Sycamore abandons bid for Ted Baker May 23, 2022 Private equity giant Sycamore has pulled out of the race to snap up iconic fashion firm Ted Baker.
Congratulations: Moonpig to snap up gifting group Buyagift in £124m deal May 23, 2022 Greeting card giant Moonpig Group has announced the proposed acquisition of Buyagift, the gift experiences platform, for £124m.
B&Q owner Kingfisher builds from pandemic success but struggles to keep up with 2021 boom May 23, 2022 B&Q and Screwfix owner Kingfisher reported strong post pandemic growth in the first quarter, with three year like for like sales up 16.2 per cent.
Average house price surpasses £367k as first time buyers face increasingly difficult landscape May 23, 2022 It is now no longer significantly cheaper to rent than buy, in terms of monthly outgoings, new analysis by RightMove has shown. While average monthly mortgage payments (£901) outpace average monthly rental payments (£887), the gap in payments has slimmed over the past decade. The property platform’s new analysis tracking first-time buyer affordability is based [...]
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Saturday Special: Why the London Stock Exchange and Euronext are moving their datacentres around May 21, 2022 Datacentre exchange colocation is on the mind of many key players in the City and beyond at the moment. The idea appeals to a wide group of capital markets participants, and for various reasons. For example, with Euronext migrating from Basildon in Essex to the Aruba Global datacentre IT3 in Bergamo this year and the London Stock Exchange Group [...]
‘Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings ALWAYS wrong’, says HSBC official on climate change impact May 20, 2022 A top HSBC banker has claimed global authorities are overplaying the impact of climate change, saying “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong”. The banking giant’s head of responsible investing, Stuart Kirk, made his controversial claim during a presentation on a slide during a London conference yesterday. HSBC said his views did not [...]
BT heads for top-line growth thanks to impending price rises May 20, 2022 Berenberg has estimated that BT will return to top-line growth thanks to inflation-induced price rises.
‘Live by the sword, die by the sword’: Chinese plot to take control of Congolese lithium mine could crash Australian firm’s shares May 20, 2022 A plot by a coalition of powerful Chinese battery manufacturers, to take control of the world’s biggest lithium mine, threatens to crash the share price of Australian miner AVZ Minerals, a mysterious short seller has said. AVZ Minerals could lose control over the Manano lithium mine in the Democratic Republic of Congo (DRC) and be [...]
Coca Cola launches music content platform featuring international artists May 19, 2022 Coca Cola is launching a music platform with content from emerging music stars from across the globe, including Ari Lennox and Griff.