(Alliance News) - The Financial Reporting Council on Thursday said it has begun an investigation into Ernst & Young LLP's audit of Made.com Group PLC's results for 2021. Read More
(Alliance News) - Next PLC on Wednesday said it has agreed to buy assets of failed furniture seller Made.com out of administration. Read More
(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Made.com Group PLC - London-based furniture retailer - Ends formal sale process, as determines "there is no reasonable prospect that an offer" will be made for the company. Says no longer in an offer period as a result. On Wednesday, operating subsidiary Made Design Ltd stopped taking new customer orders "in order to preserve value for [Made] creditors". On Tuesday, shares had dropped by 90% after Made said it is "no longer in receipt of funding proposals or possible offers" to buy the company, as discussions with potential suitors hadn't proceeded quickly enough. Read More
Made.com Group PLC - London-based furniture retailer - Operating subsidiary Made Design Ltd stops taking new customer orders, after talks for a funding or takeover offer fail. Made says the suspension is temporary and remains under review. The decision is taken "in order to preserve value for [Made] creditors", as MDL is reliant on the parent for funding. "The board of Made will continue to look to preserve value for its creditors and shareholders in light of this decision," it says on Wednesday. The day before, shares dropped by 90% after Made said it is "no longer in receipt of funding proposals or possible offers" to buy the company, after discussions didn't proceed quickly enough. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Made.com Group PLC's miserable stint on the London Stock Exchange took another ugly turn on Tuesday, with the furniture seller's future now hanging by a thread. Read More
(Alliance News) - Stocks in London edged marginally lower Tuesday, underperforming European peers, as sterling pushed higher after new UK Prime Minister Rishi Sunak promised to steer Britain back towards financial stability. Read More
(Alliance News) - Made.com Group PLC shares tumbled as it said talks with possible suitors fell through, with the sofa seller now edging precariously closer to collapse. Read More
(Alliance News) - UK securities and sterling were on the up at midday on Monday, after new UK Chancellor Jeremy Hunt announced that "almost all" of tax cuts announced in last month's mini-budget have been reversed. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Made.com Group PLC shares jumped on Monday after it said it has invited a number of potential buyers to progress towards firm takeover offers by the end of October. Read More
(Alliance News) - Stock prices in London were largely higher in early dealings on Monday, while the pound also was supported as new UK Chancellor Jeremy Hunt is set to make an emergency statement in a bid to calm markets. Read More
(Alliance News) - Stocks in London are called a touch lower on Monday, though the pound was on the up, despite the prospect of more UK political uncertainty. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Stocks in London closed in the green on Tuesday as investor sentiment was positive on the back of the Reserve Bank of Australia's decision to slow the pace of interest rate hikes. Read More
(Alliance News) - European equities traded sharply higher on Tuesday morning, with investors optimistic that central banks will temper the pace of interest rate hikes, following less-than-stellar factory data from the across the globe. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Made.com Group PLC on Tuesday said it has begun discussions with a number of potential buyers, after revealing that it will require up to GBP70 million in funding over the next 18 months. Read More