Headline News
Frasers backs N Brown takeover as it ups pursuit of Mulberry
Mike Ashley’s Frasers Group confirmed it was backing the £191m takeover of N Brown on Friday, as it continued its pursuit of luxury handbag brand Mulberry.
3i Group picks bankers to sell pet food maker MPM - report
Listed private equity firm 3i Group has reportedly picked bankers to sell the pet food manufacturer behind leading brands such as Applaws.
BP considering sale of minority stake in offshore wind business - report
BP is reportedly considering selling a minority stake in its offshore wind business, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
Boohoo launches strategic review as CEO steps down
The boss of Boohoo Group is to step down, the struggling retailer announced on Friday, as it posted a slump in half-year sales and launched a review of the business that could potentially see it broken up.
Future CEO Steinberg to step down next year, shares tumble
Future said on Friday that chief executive Jon Steinberg plans to step down from the board later next year to relocate back to the US with his family, sending shares in the media group tumbling.
China's economic growth slows in third quarter
China’s faltering economic growth slowed in the last quarter, official data released on Friday showed, although the slowdown was not as steep as feared.
UK retail sales beat expectations - ONS
UK retail sales ticked higher in September, beating expectations, as consumers splashed out on technology, official data showed on Friday.
Empiric Student Property raises £56.1m to fund acquisitions, refurbishments
Empiric Student Property has successfully raised £56. 1m, it announced on Thursday, to help it fund acquisitions and refurbishments.
Turkish central bank holds rates at 50%
Turkey’s central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected.
ECB cuts rates to 3.25%, as expected
The European Central Bank cut interest rates on Thursday for the third time this year, as expected.
AI boom fuels earnings surge at TSMC
Shares in Taiwan Semiconductor Manufacturing Co rallied on Thursday, after the Taiwanese giant posted a forecast-beating 54% surge in earnings, fuelled by the boom in artificial intelligence.
Nestle cuts forecast, shakes up executive board after sales disappoint
Nestle is to undergo a major organisational overhaul, the Swiss food giant confirmed on Thursday, as it cut sales targets in the face of persistently weak consumer demand.
Publicis lifts full-year revenue outlook
French advertising group Publicis lifted its full-year organic revenue forecast on Thursday despite a "challenging" macro environment, as it reported a jump in third-quarter revenues.
N Brown to be taken private by Joshua Alliance in £191m deal, shares surge
N Brown said on Thursday that it has agreed to be taken private by a company owned by Joshua Alliance - whose family has been involved with the group since the 1960s - in a £191m deal.
Rathbones funds under management stable
Rathbones Group reported a stable level of funds under management and administration (FUMA) on Thursday, of £108. 8bn as at 30 September, marginally down from £108. 9bn at the end of June.
Rank Group reiterates outlook after strong first quarter
Gambling and gaming specialist Rank Group reiterated its full-year guidance on Thursday, after bumper first-quarter trading across its casino estate.
Funds under management hit fresh high at St James's Place
St James’s Place reported a jump in funds under management on Thursday, boosted by an improving macroeconomic environment.
Chemring flags strong trading performance
Chemring reported a strong trading performance for the year-to-date on Thursday, with its full-year outlook remaining in line with analyst expectations despite foreign exchange headwinds.
Mondi cites planned maintenance shuts as Q3 profit falls
Paper and packaging group Mondi said on Thursday that underlying core profit fell in the third quarter in "muted" trade, mainly due to more planned maintenance shuts.
Entain lifts full-year guidance on strong third quarter
Gambling and gaming group Entain boosted its full-year outlook on Thursday, after third-quarter numbers came in ahead of expectations.