Perfect storm of virus and Brexit worries hits pound and sparks £40bn day of carnage for British blue chips By Hugo Duncan for the Daily Mail Published: 21:50 GMT, 21 December 2020 | Updated: 21:50 GMT, 21 December 2020 Nearly £40billion was wiped off the value of British companies yesterday as a ‘sorry cocktail’ of … Read more
Mike Ashley’s Frasers Group forced to trim back profit forecasts as retailers face much leaner Christmas than had been hoped The firm said guidance of a 20 to 30 per cent boost in profits now unlikely Frasers Group includes Sports Direct, House of Fraser, Evans Cycles and Game By This Is Money Published: 10:54 GMT, … Read more
BUSINESS LIVE: FTSE and pound slump as new Covid strain crisis grips the nation; Frasers Group warns on profits; Arcadia sells Evans to Australian firm By This Is Money Published: 08:40 GMT, 21 December 2020 | Updated: 08:40 GMT, 21 December 2020 The FTSE 100 and the pound are deep in the red this morning … Read more
Vector Capital, specialist lender which provides short-term loans for small businesses, planning to float on stock market on December 29 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 December 2020 | Updated: 21:50 GMT, 20 December 2020 A British lender is set to make its debut on the London Stock Exchange. Vector … Read more
Extra £62bn of housing sales agreed this year off back of post-lockdown mini-boom By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 December 2020 | Updated: 21:50 GMT, 20 December 2020 An extra £62billion of housing sales have been agreed this year off the back of a post-lockdown mini-boom, according to Zoopla. The … Read more
Stock markets and pound set for fortnight of turmoil as Brexit deadlock and fresh wave of coronavirus threaten economy The FTSE 100 is down by 13 per cent this year and on course to finish in the red Even before the Tier 4 measures were announced, the Bank of England had warned that existing restrictions … Read more
Mike Ashley’s Frasers Group and fashion giant Next among dozens of potential bidders for collapsed Arcadia empire as deadline approaches By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 December 2020 | Updated: 21:50 GMT, 20 December 2020 Mike Ashley’s Frasers Group and fashion giant Next are among dozens of potential bidders for … Read more
Sales at online fashion retailer Missguided soar 45% since April, paving way for potential stock market flotation By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 19 December 2020 | Updated: 22:29 GMT, 19 December 2020 Sales at online fashion retailer Missguided have soared 45 per cent since April, paving the way for a … Read more
Pharma giant GlaxoSmithKline set to cap a £100m spending spree with two major drug deals either side of Atlantic By Alex Lawson, Financial Mail On Sunday Published: 21:53 GMT, 19 December 2020 | Updated: 22:28 GMT, 19 December 2020 Pharma giant GlaxoSmithKline is this week set to cap a £100million spending spree with two major … Read more
Don’t let anyone tell you that the collapsed high street giants Debenhams and Arcadia would have been fine and dandy if it were not for this dreaded pandemic. Yes, both firms were toppled by a freak event in the end, one which no one could have predicted. But just like when the Titanic hit an … Read more