Morrisons is being weighed down by huge debt-fuelled private equity deal, top credit rating agency warns By Archie Mitchell For The Daily Mail Published: 16:50 EDT, 11 April 2022 | Updated: 04:57 EDT, 12 April 2022 Morrisons is struggling under the weight of debt from its private equity takeover, a credit rating agency has warned. … Read more
Zopa Bank achieves profitability within 21 months of receiving its full banking licence with a potential IPO on the cards later in the year Zopa Bank was only granted a full banking licence in the summer of 2020 Before its move into banking, the group helped pioneer peer-to-peer lending A recent £220m fundraising round enabled … Read more
Estate agency group Belvoir rakes in record revenues thanks to soaring demand for rentals from students and office workers returning to cities Revenues soared 37% to a record £29.6m; pre-tax profit up 38% to £9.3m Lettings market ‘strong’ , helped by ‘a return of young people to UK cities’ Acquisition of Nicholas Humphreys helped firm … Read more
Lockdown home improvers help joinery firm Howdens into the FTSE100 as sales soar Kitchen supply business will join the FTSE100 index later this month It follows two-year run of booming sales amid lockdown home renovation spike The business focuses on trade clients and mostly operates on industrial estates By Archie Mitchell, Financial Mail On Sunday … Read more
Angry customers have taken to social media to call for a boycott of Holland & Barrett over its links to oligarch Mikhail Fridman, who has been sanctioned by the European Union. The chain, which bills itself as the UK’s leading health and wellbeing store, has been on the high street for 152 years. However, few … Read more
BUSINESS LIVE: NAS sweetens John Menzies bid; Morses CEO exits as subprime lender’s profits shrink; Clipper Logistics agrees £943m takeover By Mike Sheen For This Is Money Published: 07:46 GMT, 21 February 2022 | Updated: 13:01 GMT, 21 February 2022 Kuwait’s National Aviation Services has sweetened its takeover proposal for the British airport services company … Read more
BUSINESS LIVE: Retail sales bounce back; NatWest profits soar to £4bn; MPs up pressure on Arm listing By Mike Sheen For This Is Money Published: 07:57 GMT, 18 February 2022 | Updated: 14:42 GMT, 18 February 2022 British retail sales grew faster than expected in January, recovering about half the losses suffered when a wave … Read more
BUSINESS LIVE: Standard Chartered hands out bumper bonuses; Nestle cautious on inflation; Apple’s Tim Cook faces shareholder revolt By Mike Sheen For This Is Money Published: 07:51 GMT, 17 February 2022 | Updated: 08:03 GMT, 17 February 2022 Standard Chartered boosted its staff bonus pool by 38 per cent to $1.4billion in 2021, even amid … Read more
Glencore to hand $4bn back to investors on back of record profits, but the mining giant warns corruption probes could cost it $1.5bn The mining giant’s net debt plunged by more than 60% to just $6bn last year Coal, oil and copper soared in value as the world economy reopened in 2021 Bluebell Capital Partners … Read more
BUSINESS LIVE: Inflation erodes Britons’ pay; Glencore sets aside £1.1bn for litigation; BHP profits soar By Mike Sheen For This Is Money Published: 07:57 GMT, 15 February 2022 | Updated: 08:10 GMT, 15 February 2022 Workers in Britain saw their earnings shrink when adjusted for inflation in late 2021, data from the Office for National … Read more