Stagecoach mulls a takeover of the UK’s largest bus operator Arriva after it goes up for sale City sources said Stagecoach is interested in buying Arriva’s bus business Arriva has been put up for sale by German Transport giant Deutsche Bahn It operates more than 5,000 buses in Britain and has divisions across Europe By … Read more
Ford told to ‘come clean’ over factory closures and the future of its British operations as it faces pressure to cut costs in Europe By William Turvill, Financial Mail On Sunday Published: 21:49 GMT, 13 April 2019 | Updated: 11:06 GMT, 14 April 2019 Unions are calling on Ford to ‘come clean’ over the future … Read more
Mike Ashley ally Crispin Odey ‘made £30m after shorting Debenhams stock’ before chain’s crash Odey previously backed the Sports Direct boss in boardroom disputes City sources say he made £30m shorting Debenhams stock before it crashed The short is likely to have contributed to Odey’s strong performance By Ben Harrington, Financial Mail on Sunday Published: … Read more
Plan to restructure department store chain Debenhams could take up to two years as 50 stores face the axe The department store chain spiralled into administration last week The £2.3billion turnover company plans to close as many as 50 of its 165 stores All the stores are expected to stay open until Christmas By Neil … Read more
It’s an industry most of us associate with dingy, smoke-filled bars in Amsterdam and the more liberal states in the US and Canada. But cannabis companies are making their way to London to tap into a £100billion European market and cash in on the Square Mile’s so-called ‘green rush’ among investors. In the past few … Read more
Ocado admirers deliver a near £10bn valuation following its supply agreement with M&S M&S agreed in February to replace Waitrose as its main delivery partner in 2020 The company’s share price closed at a peak of £14.35 on Wednesday The shares settled back to £13.96 on Friday evening By Neil Craven, Financial Mail on Sunday … Read more
Activist investor Oasis Management throws its support behind Superdry founder Julian Dunkerton as he seizes back control Oasis has bought 3.3 per cent of the fashion firm’s shares It is understood to have met with Dunkerton since he was reinstated as director Support from Oasis is a boost to the entrepreneur and his team By … Read more
Edward Bramson’s stalking of Barclays bank reaps him £7m in fees since securing support from investors Bramson is trying for a place on Barclays’ board at its shareholder meeting He helped build a 5.5% stake in the bank with backing from major institutions Bramson will earn a hefty fee from the vehicle he set up to … Read more
Struggling travel firm Thomas Cook flies into turbulence over the sale its £1.6bn debt pile The value of the firm’s debt dropped to less than two thirds of its original value This implies there are doubts over the firm’s ability to pay them back Some of its debt has been sold to City investors as company … Read more
Corporate raider Melrose has cut nearly 900 jobs at engineer GKN since its controversial takeover Staff numbers fell by 861 to 48,068 under Melrose in 2018 Biggest decline was at its Driveline division, which makes driveshafts for cars It was recently revealed Melrose was shutting a GKN factory near Birmingham By Jamie Nimmo, Financial Mail … Read more
Taxi app founder Travis Kalanick poised to join the Uber rich making £6.6BILLION from stock float Kalanick owns 8.6% of Uber’s shares and will be a major winner in the listing Fellow founder Garrett Camp also stands to make around £4.6bn By Matt Oliver For The Daily Mail Published: 10:14 GMT, 13 April 2019 | … Read more
FTSE CLOSE: LK Bennett rescued but 15 stores to close; Bonmarché rejects Philip Day’s takeover offer; Online grocery shopping slows Bonmarche says tycoon Philip Day’s takeover bid of £5.7m undervalues the firm The number of people opting to buy groceries online has slowed The competition watchdog has concerns about Rentokil-Mitie merger Over a third of … Read more
Troubled fashion firm Bonmarche snubs £5.7m takeover bid by billionaire tycoon Philip Day claiming it ‘undervalues’ the 300-store chain Bonmarche has rejected a £5.7m takeover bid tabled by tycoon Philip Day It said it ‘materially undervalues’ the firm, which has a market value of £7.7m Bonmarche also said today that it is embarking on a cost-cutting … Read more