(Alliance News) - Asos PLC on Tuesday reported lower revenue and a wider annual loss, but said it is on track with is "back to fashion" turnaround strategy. Read More
(Alliance News) - London's FTSE 100 clung onto modest gains on Monday, closing well below early highs, as investors eye the US election and central bank decisions this week. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Sterling rallied and stocks prospered in London on Friday as weak US jobs data raised hopes of a faster pace of rate cuts across the pond. Read More
boohoo Group PLC - Manchester-based online fashion retailer - Promotes Dan Finley to group chief executive officer, a role that one of boohoo's largest shareholders wants to go to its own founder. Finley is promoted from CEO of Debenhams, the UK department store whose online operations boohoo acquired out of administration back in 2021. He becomes boohoo CEO immediately, replacing John Lyttle, whose departure was announced last month. Finley took over as CEO of Debenhams at the start of 2022, prior to which he was multi channel director at JD Sports Fashion PLC. "Dan had a track record of phenomenal success in online retail during his 10 years at JD Sports," says boohoo Deputy Chair Alistair McGeorge. "The board looks forward to working with him, as we continue the review of options to unlock and maximise shareholder value." boohoo says it will be writing to shareholders in response to the demand by 27% shareholder Frasers Group PLC for Mike Ashley, the FTSE 100 listing's own founder and majority shareholder, to be added to the boohoo board as chief executive. Read More
(Alliance News) - The FTSE 100 is called to open flat on Friday, after a slump in New York, leaving London's flagship index set to register a negative week. Read More
(Alliance News) - London's FTSE 100 fell on Friday as fears that a car finance probe may cost more than thought threw a spanner in the works at Lloyds Banking Group, Barclays and Close Brothers. Read More
(Alliance News) - boohoo Group PLC on Friday hit back at significant shareholder Frasers Group PLC, defending its debt refinancing and explaining the online retailer's "commercial position" is a factor to consider when naming a chief executive. Read More
(Alliance News) - The FTSE 100 posted modest losses around midday on Friday as investors adopted a wait-and-see approach ahead of next week's budget. Read More
(Alliance News) - London's FTSE 100 is called to open slightly higher on Friday, but is still set for a weekly loss as equities have been held back by US interest rate and election uncertainty, as well as some pre-UK budget nerves. Read More
(Alliance News) - Stocks in London were higher on Thursday, with risk appetite improving after an uncertain week for equities so far, while large-cap corporate updates impressed. Read More
(Alliance News) - boohoo Group PLC on Thursday said it is in the process of reviewing the "content and validity" of a request by its largest shareholder Frasers Group PLC for a general meeting. Read More
(Alliance News) - The FTSE 100 was stronger on Thursday morning, supported by some well-received corporate updates, ahead of UK and eurozone data later. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Thursday, recovering some of Wednesday's lost ground, but a slump on Wall Street overnight suggests the mood in markets is tetchy. Read More
(Alliance News) - The FTSE 100 extended its losing streak to four days on Wednesday, despite some well-received earnings, as pre-budget nerves and uncertainty over the US election took hold. Read More
(Alliance News) - Frasers Group PLC on Wednesday said it does not intend to make a takeover offer for Mulberry Group PLC, a day after the latter called a sweetened bid "untenable". Read More
(Alliance News) - Mulberry Group PLC on Tuesday rejected the latest attempt by Frasers Group PLC to buy the firm, calling it "untenable". Read More
(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, after mixed trade on Wall Street and an underwhelming day in Asia. Read More
(Alliance News) - N Brown Group PLC on Thursday said it has agreed to be taken over by a vehicle controlled by Non-Executive Director Joshua Alliance, a member of the firm's founding family. Read More
THG PLC - Manchester-based e-commerce retailer - Founder & Chief Executive Officer Matthew Moulding takes part in THG's equity raise, as announced last week. Moulding buys 20.4 million shares via FIC Shareco Ltd at 49 pence, worth GBP10.0 million on Tuesday. Moulding now has 341.3 million shares, of which 219.2 million are ordinary voting shares - 14.4% of the expanded total - and 122.2 million are unlisted ordinary shares. THG on Friday said it raised GBP95.4 million in total from the sale of 194.7 million new shares, 14.6% of the total prior to the raise, at 49p. THG raised GBP75 million from a share placement run by Barclays, Jefferies and Peel Hunt. To that was added the GBP10 million investment by Moulding and GBP10 million from acquisitive fellow retailer Frasers Group PLC. The "strategic investment" by Frasers followed a partnership between THG and Frasers that was announced back in June. The equity raise will be used to finance the demerger of THG's Ingenuity division, which operates its e-commerce platform, so as to make THG a pure-play retailer of consumer beauty and nutrition products. THG Chief Financial Officer Damian Sanders also takes part in the equity raise, buying 153,061 shares. Read More