Battersea Power Station receives green light for next phase of development Property Battersea Power Station has received planning consent for the next phase of its 42-acre regeneration. A new group of residential, retail, community and leisure builds has secured planning approval from Wandsworth Council, completing “London’s newest street”, Electric Boulevard. Head of development at Battersea Power Station Development Company (BPSDC), James Wixley, called the planning consent the [...]
KPMG: UK households plan to splash the cash in 2025 Economics The positive picture from households contrasted with a more gloomy view about the state of the economy more broadly.
Festive period off to a ‘bad start’ for retail sector as sales drop Economics The British Retail Consortium's (BRC) sales monitor showed that sales volumes fell 3.3 per cent in the year-to-November, compared to a 2.3 per cent increase last year.
Applied Nutrition prices London IPO towards lower end of range October 24, 2024 Sports health brand Applied Nutrition priced its IPO at £350m, towards the bottom of its guided range but still a boost for the beleagured London Stock Exchange.
Brand Architekts: Sales at owner of Skinny Tan and Super Facialist slump October 21, 2024 Brand Architekts, the beauty specialist behind British brands including Skinny Tan and Super Facialist, has reported a fall in sales as it pivots to fewer, bigger brands. The company reported an underlying loss of £0.4m compared to a loss of £1.2m for 2023, while its gross profit margin increased 1.5 per cent to 41.2 per [...]
Mike Ashley’s Frasers Group backs N Brown takeover amid Mulberry pursuit October 18, 2024 Mike Ashley’s Frasers Group has backed the £191m proposed takeover of JD Williams-owner N Brown and announced the sale of its 20 per cent stake in the company for £38m. The retail empire, which includes Sports Direct and House of Fraser, holds nearly 95,000,000 shares in the Manchester business and will sell them for 40p [...]
Boohoo shares drop as firm mulls break up and boss heads for the exit October 18, 2024 Boohoo has revealed that its CEO is stepping down after five years, kick-starting a search for the fast fashion's next chief executive
Mothercare continues to struggle but announces fresh financing October 18, 2024 Baby products brand Mothercare has reported a drop in sales as it continues to struggle with post-pandemic demand, but has said its new deal with Indian giant reliance will help to shape a turnaround. The retailer said the decline was mainly due to “continuing challenges” in Middle East markets. It told markets this morning that [...]
TJ Maxx sales pass £4bn to hit new record October 17, 2024 Sales at the UK arm of TJ Maxx passed the £4bn mark during its latest financial year to hit a new record, it has been revealed. Newly-filed accounts with Companies House show the firm’s turnover increased from £3.88bn to £4.02bn in the 12 months to 3 February, 2024. Despite the rise in sales, TJ Maxx’s [...]
N Brown slams AIM as company set for takeover October 17, 2024 Retailer N Brown is set to be acquired by a company owned by its non-executive director, Joshua Alliance, as it looks to move off AIM. Its share price rose more than 40 per cent after the announcement. N Brown, which owns the brands JD Williams and Simply Be, has said the reduced appetite for UK [...]