Morrisons takeover auction battle ends with £7bn bid from private equity giant
The battle to buy supermarket Morrisons has ended with private equity giant Clayton, Dubilier & Rice (CD&R) outbidding Fortress in a dramatic auction process.
The...
Virgin Money to close 31 branches
Virgin Money has announced plans to close 31 stores with the loss of around 112 jobs.
Bosses said the move comes as more customers switched...
H&M profits jump amid store footfall recovery
H&M has almost tripled its profit for the past quarter on the back of a “strong recovery” in sales as restrictions eased across the...
Boohoo doubles its market share in the UK and US
Online fashion giant Boohoo has revealed it doubled its market share in the UK and US since the start of the pandemic but profits...
Quiz shares plunge as losses more than treble amid pandemic
Fashion chain Quiz has seen shares plummet as it revealed annual losses more than trebled after lockdowns forced store closures and hammered demand for...
Morrisons takeover battle goes to auction showdown
The battle to buy supermarket Morrisons will go to an auction process, the stock market’s Takeover Panel has confirmed.
Private equity giants Fortress and Clayton,...
Next warns over price hikes and Christmas staff shortages
Fashion giant Next has hiked its full-year outlook once more after surging sales but warned over rising prices and staff shortages in the run-up...
Next to post sales jump as investors seek update on trading momentum
Next is set to unveil a jump in sales for the past half-year but shareholders will also be waiting to find out if poor...
French Connection in takeover talks after £29m approach
Retailer French Connection has revealed it is in takeover talks after receiving an approach worth £29 million.
The fashion chain said it had received a...
Card payments accounted for more than £4 in every £5 spent in 2020, says...
Card payments accounted for more than £4 in every £5 spent in 2020, British Retail Consortium (BRC) figures show.
Debit and credit card transactions accounted...