Latest finance news – Page 148
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NewsIssa brothers complete £6.8bn acquisition of majority Asda stake
The Issa brothers and investment vehicle TDR Capital have confirmed the brothers’ acquisition of Asda for £6.8bn.
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NewsRussia’s pound shop to launch London IPO
Fix Price, Russia’s version of Poundland, has set a course for a London stock market listing.
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NewsDunelm’s Will Adderley to sell shares as homewares boom continues
Dunelm’s deputy chair and biggest shareholder Will Adderley is set to reduce his stake in the company.
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NewsDeliveroo targets March 8 for stock market debut
Deliveroo could launch its blockbuster stock market float in as little as three weeks.
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NewsMade.com considers potential for IPO
Online furniture specialist Made.com is considering options including a flotation that could value it at more than £500m.
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NewsArcadia property sales raise hopes for retailer’s pensioners
Pensioners at Sir Philip Green’s collapsed Arcadia fashion empire may receive more from their savings than originally feared, following property disposals.
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NewsBurberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.
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NewsAsda buyers’ junk bond sale raises £2.75bn for deal
Asda buyers the Issa brothers and their private equity partners have raised a record sterling junk bond to fund the acquisition.
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NewsTed Baker warns of £5m Brexit bill as festive sales slide
Ted Baker has warned it faces £5m of additional costs associated with Britain’s exit from the EU as it grapples to revive its fortunes.
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NewsRetailers lose £22bn in sales during coronavirus lockdowns
Retailers lost £22bn in sales last year after nationwide lockdowns decimated the performance of physical stores.
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NewsDunelm hails strong interim results as profits and sales jump
Home and DIY giant Dunelm has said it has “never been more confident about the future” after interim profits and sales both soared.
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NewsNotonthehighstreet snapped up by US firm Great Hill Partners
Online gifting retailer Notonthehighstreet has been taken over by US investment firm Great Hill Partners for an undisclosed sum.
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NewsOcado narrows full-year losses as sales surge
Ocado has reported a spike in full-year sales as demand for online grocery during the pandemic jumped in what boss Tim Steiner says is a permanent shift in consumer shopping habits.
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NewsBoohoo snaps up Arcadia’s remaining brands
Boohoo has finalised the purchase of Arcadia’s Wallis, Burton and Dorothy Perkins brands out of administration.
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
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NewsRecord spending spree to reignite economy post-pandemic, says BoE
The economy could hit pre-pandemic levels in early 2022 if households start spending the £125bn in pent-up savings once the vaccine is rolled out, according to the Bank of England.
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NewsFrench Connection board mulls sale after approaches
The board of struggling fashion brand French Connection are considering the sale of the retailer after receiving approaches from two companies.
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NewsEuropean DIY etailer ManoMano doubles business as UK demand grows
European home and DIY platform ManoMano has reported soaring sales in 2020 driven by an uptick in UK demand.
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NewsWatches of Switzerland festive sales rise despite ‘significant headwinds’
Watches of Switzerland has reported a boost in sales across the UK and the US over the Christmas period in what boss Brian Duffy says was “another strong performance”.
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NewsJD Sports raises £464m to bolster acquisition drive
JD Sports has completed a fundraise for £464m, which it will use to drive its expansion and capitalise on acquisition opportunities in new and existing markets.