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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The Governor of the Bank of England said risks to Britain’s economy were “very much on the downside” and that the BoE was ready to take aggressive action to limit the impact of a resurgence in coronavirus cases. “There is an unprecedented level of uncertainty at the moment. And the …
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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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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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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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TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year “to explore other opportunities in a different field and/or geography”. The bank, which will begin a search for a replacement, said Shagidze will stay on …
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Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …
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Forescout Technologies has agreed to be bought by Advent International for $1.9bn (£1.5bn) in cash in the private equity firm’s latest purchase on its buying spree. Advent will pay $33 for each Forescout share – almost 30% more than Forescout’s closing price on 18 October – before two other investment …
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Royal Mail staff voted overwhelmingly in favour of going on their first strike in a decade. Over 97% of votes by members of the Communication Workers Union backed a strike. The turnout was 76% (around 110,000 UK postal workers). The result was the largest yes vote for national industrial action …
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