By HUGO DUNCAN Updated: 18:00 EDT, 27 March 2025 Foreign predators are swooping on British companies at a rate not seen for three years. In a report that will fuel concerns over low valuations in the UK, the London Stock Exchange Group (LSEG) said the value of bids from overseas …
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By MIKE SHEEN Updated: 09:12 EDT, 26 March 2025 Morrisons has boosted its medium-term savings target to £1billion, as the supermarket faces growing costs and the lingering impact of a major cyber security incident. The retailer’s chief executive Rami Baitiéh has previously warned of an ‘avalanche of costs’ arrising from …
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By MARK SHAPLAND Updated: 17:50 EDT, 15 March 2025 James Daunt, the boss of Waterstones, this weekend said the London stock exchange is an attractive market for retail businesses, raising hopes the bookseller will stage a float in the City. Daunt, who also runs US bookshop Barnes & Noble, told …
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By JESSICA CLARK Updated: 17:50 EDT, 14 March 2025 The boss of Asda has warned there is no quick fix at the crisis-hit supermarket as sales continue to fall after its private equity takeover four years ago. Executive chairman Allan Leighton said profits will be ‘materially’ lower this year as …
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The cost of a first-class stamp will rise to £1.70 from 7 April, representing an increase of 3 per cent or 5p from the current level. Today marks the sixth rise in first class stamp prices in just three years. International Distribution Services, the owner of Royal Mail, also announced …
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By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 5 March 2025 Delays: Czech tycoon Daniel Kretinsky’s EP Group, struck a deal to buy Royal Mail owner International Distribution Services last year The £3.6billion takeover of the owner of Royal Mail by the ‘Czech Sphinx’ is set to be …
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By CALUM MUIRHEAD Updated: 16:51 EST, 22 February 2025 A French theme park tycoon with ties to the Kremlin is behind plans for a £600 million attraction hoping to be set up near Oxford. Puy du Fou, which runs medieval-themed parks in France and Spain, plans to expand with a …
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Small businesses in the North are set to bear the brunt of changes to business rates this spring. In her tax-raising Budget in October, Chancellor Rachel Reeves announced plans to phase out rates relief introduced to help struggling companies during the Covid-19 pandemic. The move means retail, hospitality, and leisure …
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By JANE DENTON Updated: 04:13 EST, 18 February 2025 Holiday Inn owner InterContinental Hotels Group has acquired its 20th hotel brand as it reported stronger profits and outlined plans for further expansion. The FTSE 100-listed group said it had snapped up ‘lean luxury’ specialist Ruby Hotels for an initial £87.6million. …
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By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 17 February 2025 Topps Tiles’s largest shareholder has slammed the group after regulators said its deal to buy 30 stores from a rival could lead to competition issues. The flooring company bought the stores for £9million in August last year …
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