It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration. Debenhams said on Tuesday that it will continue to trade through …
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Intellectual property investment company Tekcapital announced on Wednesday that its portfolio company Salarius has signed a distribution agreement with Gehring-Montgomery, a United States ingredient distributor, in a bid to expand business-to-business sales of ‘MicroSalt’ across the US. The AIM-traded firm described Gehring-Montgomery as a “leading distributor” of food and raw …
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Sirius Real Estate revealed on Wednesday that chief executive Andrew Coombs had disposed of 719,166 ordinary shares in the FTSE 250-listed property company. Coombs, who joined Sirius in 2010, sold the shares on Tuesday at an average price of 74.99p each, for a total value of £539,281.01. Back in June, …
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Its offer will be the biggest since Royal Mail's privatisation in 2013. The Hut, based in Manchester, owns the Lookfantastic beauty website and sports … Source link
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The focus in financial markets in the middle of the week will shift back towards Asia, where official statistics for consumer and factory prices are due out. Brexit negotiations and the tech slump in the States won’t be far from investors’ minds however. Also in the US, the Department of …
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Technology products provider Oxford Instruments said on Tuesday that it had managed to record modest order growth during the first five months of trading despite the Covid-19 pandemic. Oxford Instruments said the coronavirus outbreak had continued to have an impact on trading, with cumulative revenues down 2% year-on-year. However, the …
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Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a “significant” finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims. The AIM-traded firm said the large corporate portfolio transaction …
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Wildwood restaurant chain owner Tasty said on Tuesday it would open around 86% of its estate this month having cut its workforce by more than 30%, as it considered an equity raising and warned of a “challenging” market. The firm said it remained “extremely cautious” regarding trading in September and …
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AO World revealed on Tuesday that chief financial officer Mark Higgins had disposed of 146,411 ordinary shares in the FTSE 250-listed retailer. Higgins, who exercised nil cost options over a total of 309,537 ordinary shares on Monday, sold the shares at an average price of 195.0p each, for a total …
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Online retailer Boohoo revealed on Thursday that multiple directors had upped their stake in the AIM-listed group that same day. Chairman Mahmud Kamani snapped up 5.0m ordinary shares in the firm at an average price of 214.28p each for a total of £10.7m, while co-founder Carol Kane purchased 2.0m ordinary …
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