Quadient (Euronext: QDT), a global automation platform powering secure and sustainable business connections, has partnered with Co-op in the United Kingdom to deliver further parcel locker growth and added convenience to its communities, it has revealed today. The partnership to supply Parcel Pending by Quadient lockers to Co-op’s stores, aims …
Read More »Tate & Lyle Surges After FT Reports Advent Is Preparing Bid – BNN Bloomberg
(Bloomberg) — Ingredients company Tate & Lyle Plc surged after the Financial Times reported that buyout group Advent International is preparing a takeover bid. Shares in the London-listed supplier to food producers rose more than 12% on the report, giving the company a market capitalization of about £3.2 billion ($4.2 …
Read More »Ringtons acquires new industrial unit in most significant investment ‘in recent years’
Historic Newcastle tea company Ringtons has acquired a huge industrial unit in its most significant investment in years. The tea merchants import and package tea for major supermarkets, alongside its own brand of coffees, teas and sweet treats, which are sold online, in stores and through its traditional doorstep delivery …
Read More »Shares in Pendragon dealer group drop after one of three bidders pulls out of £400m-plus race to buy it
Shares in the Pendragon car dealership group dropped almost 7 per cent after one of three bidders interested in buying the business decided to pull out of the running. Nottingham-based Pendragon said Sweden’s Hedin Mobility Group and Leicester-based PAG International – which owns the prestige Sytner dealership brand – had …
Read More »UK retail chain Wilko collapses, threatening 12,500 jobs
Hundreds of stores of the retail giant Wilko will close in the coming weeks, after talks to rescue the bankrupt company failed. Administrators at PwC confirmed on Monday that nearly 300 Wilko stores and its distribution centers will cease operations in the coming weeks. The company collapsed owing £410.9 million …
Read More »Creditors to lose millions after Hotter Shoes administration despite rescue deal
The creditors of Hotter Shoes face a shortfall of more than £11m after its collapse into administration despite a rescue deal being completed. The Skelmersdale-headquartered company was the main subsidiary of AIM-listed Unbound Group and was the trading name of Beaconsfield Footwear. Over 400 jobs were saved when Hotter Shoes …
Read More »FTSE 100 Live 21 July: UK retail sales fall, FTX sues Sam Bankman-Fried to claw back $1 billion
Glencore shares lower, “buy” note boosts Hargreaves Lansdown Robust production figures by Glencore did little for its shares today as investors continue to fret over China’s faltering economic recovery. The Swiss commodities giant said lower output of key assets in copper, zinc and coal was no worse than expected as …
Read More »British shops in Canada see demand for King Charles goods, despite royal drama
Rita and Carl Hulme stand with King Charles merchandise at Blimeys British Store and Gift Shop in Essex, Ont., on April 16.Nicole OSBORNE/The Canadian Press When Queen Elizabeth died in September, Carl Hulme happened to be in England – the perfect spot to scoop up commemorative fine bone china, tea …
Read More »Card Factory 11-Month Sales Rose 28%, But Online Sales Hurt by Postal Strikes
By Ian Walker Card Factory PLC said Tuesday that sales for the 11 months ended Dec. 31 were 28% higher than the same period of the previous year as it benefited from customers returning to the high street, although online sales were hurt by postal strikes as well as the …
Read More »ProCook reports trading momentum after ‘challenging’ summer
Bosses at kitchenware brand ProCook have reported renewed trading momentum after a “challenging” summer. The Gloucestershire firm, which listed on the London Stock Exchange last year, said it generated £15.9m in revenue in the second quarter – a 9% dip on the same period last year, but up more than …
Read More »