New boss of Sports Direct owner could bag £100m shares bonus
The incoming chief executive of Sports Direct owner Frasers Group could pocket a £100 million shares windfall if he meets a “challenging but achievable”...
TikTok to let users shop through app with Shopify deal
TikTok users will soon be able to buy items directly through the short videos on the app – something they had only been able...
Sainsbury’s shares leap after private equity interest reports
Sainsbury’s shares surged after reports that a private equity giant is running the rule over the company to assess the potential for a takeover...
Markets rise as Marks and Spencer leads retail boom
Markets in London were driven by a boom in retail stocks on Friday despite new official figures showing a drop in retail sales.
After trading...
West End shoppers return, but favour the weekend
Shoppers are returning to high streets again, especially at weekends, a real estate company based around London’s West End has said.
Shaftesbury said the retailers...
Retail sales fall in July for first time since shops reopened
UK retail sales slipped last month to the weakest performance since shops reopened in April after lockdown restrictions, according to official figures.
The Office for...
Marks and Spencer says turnaround plan working as it upgrades profit targets
Marks & Spencer has said its turnaround plan is working as the retailer upgraded its profit targets after strong food and clothing sales.
Shares soared...
Bidding war heats up at Morrisons with new £7bn bid by US private equity...
US private equity firm Clayton, Dubilier & Rice (CD&R) has announced a new £7 billion bid for supermarket Morrisons.
The deal has been unanimously accepted...
John Lewis launches savings accounts amid push away from retail
John Lewis will offer new savings accounts for customers amid a diversification push away from retail.
The high street institution’s Individual Savings Accounts for both...
Business rates plans will make appeals more onerous and expensive, advisers warn
The Government’s latest proposals for business rates reform will create more difficulties for businesses launching appeals than benefits, property consultants have warned.
Experts at real...
