Headline News
Shein planning investor roadshows ahead of London IPO - reports
Chinese-founded online retailer Shein is preparing for a potential initial public offering (IPO) in London, it emerged on Friday, with investor roadshows expected in the coming weeks, according to a report from Reuters.
Non-farm payrolls beat expectations, unemployment rate dips
The US economy added far more jobs than expected in September while the unemployment rate unexpectedly fell, dashing any expectations of a potential 50 basis points rate cut by the Federal Reserve next month.
Coeur Mining to snap up SilverCrest in $1.7bn deal
Coeur Mining has agreed to buy Canada’s SilverCrest Metals in a $1. 7bn deal, it was announced on Friday.
EU backs steep tariffs on Chinese EV imports
The European Union is to impose steep tariffs on imports of Chinese electric vehicles, it was confirmed on Friday, after a majority of member states voted in favour.
CMA accepts undertakings, clears Barratt acquisition of Redrow
Barratt Developments announced on Friday that the UK Competition and Markets Authority (CMA) had cleared its acquisition of Redrow, following a consultation on undertakings offered by both companies.
Bank of England's Pill urges caution on rate cuts
Bank of England economist Huw Pill urged caution on interest rate cuts on Friday, in contrast to more dovish comments from governor Andrew Bailey.
UK construction sector grows at fastest pace in two-and-a-half years
The UK construction sector grew in September at its fastest pace in two-and-a-half years, according to a survey released on Friday.
Frasers snaps up more shares in takeover target Mulberry
Mike Ashley’s Frasers Group has bolstered its stake in Mulberry Group, it confirmed on Friday, just days after the luxury brand rebuffed a takeover approach from the retailer.
Capricorn Energy on track for $50m payment
Capricorn Energy confirmed on Friday it had hit a $50m payment milestone under a 2020 deal with Woodside Energy, with proceeds due to be returned to shareholders.
Wetherspoon reinstates dividend after year of underlying growth
JD Wetherspoon reported a 5. 7% increase in full-year revenue on Friday, to £2. 04bn, with a 73. 5% rise in profit before tax to £73. 9m before separately disclosed items.
Virgin Wines agrees strategic partnership with Ocado
Virgin Wines said on Friday that it has agreed a strategic partnership with online supermarket Ocado. com, which will stock a selection of 50 wines from its portfolio.