A massive reorganisation at department store chain Debenhams could take up to two years after it spiralled into administration last week. The £2.3billion turnover company plans to close as many as 50 of its 165 stores in a sweeping change that will see it cast off debts and scrap leases. Last week, lenders used their … Read more
It’s an industry most of us associate with dingy, smoke-filled bars in Amsterdam and the more liberal states in the US and Canada. But cannabis companies are making their way to London to tap into a £100billion European market and cash in on the Square Mile’s so-called ‘green rush’ among investors. In the past few … Read more
Ocado admirers deliver a near £10bn valuation following its supply agreement with M&S M&S agreed in February to replace Waitrose as its main delivery partner in 2020 The company’s share price closed at a peak of £14.35 on Wednesday The shares settled back to £13.96 on Friday evening By Neil Craven, Financial Mail on Sunday … Read more
Activist investor Oasis Management throws its support behind Superdry founder Julian Dunkerton as he seizes back control Oasis has bought 3.3 per cent of the fashion firm’s shares It is understood to have met with Dunkerton since he was reinstated as director Support from Oasis is a boost to the entrepreneur and his team By … Read more
Edward Bramson’s stalking of Barclays bank reaps him £7m in fees since securing support from investors Bramson is trying for a place on Barclays’ board at its shareholder meeting He helped build a 5.5% stake in the bank with backing from major institutions Bramson will earn a hefty fee from the vehicle he set up to … Read more
The disgraced former boss of Uber stands to make as much as £6.6billion from the taxi app firm’s blockbuster float. Travis Kalanick owns 8.6 per cent of the shares and will be one of the biggest winners in its £76.5billion listing on New York’s stock exchange. Also in the money is fellow founder Garrett Camp, … Read more
FTSE CLOSE: LK Bennett rescued but 15 stores to close; Bonmarché rejects Philip Day’s takeover offer; Online grocery shopping slows Bonmarche says tycoon Philip Day’s takeover bid of £5.7m undervalues the firm The number of people opting to buy groceries online has slowed The competition watchdog has concerns about Rentokil-Mitie merger Over a third of … Read more
Indivior salesmen ‘told to send doctors articles about baby deaths in bid to boost sales of new drug’ By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 08:59 BST, 12 April 2019 Indivior salesmen were told to send doctors articles about baby deaths to boost sales of … Read more
Having a crash is a terrible feeling at any time, but no worse than when it happens in a foreign country and it’s not your car. Being involved in an accident – even if it’s not your fault – is enough to ruin any holiday, but if you do have prang in a hire car … Read more
Sir Philip Green fires gun on Arcadia revamp, installing two restructuring experts to the board By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 11 April 2019 | Updated: 22:03 BST, 11 April 2019 Sir Philip Green has installed two restructuring experts on the board of his Arcadia retail empire Sir Philip Green has … Read more