Latest News

Frasers increases stake in Hugo Boss


By Dan McGrath

Frasers Group has announced that it has increased its stake in Hugo Boss to 47.89%, following the launch of a voluntary public takeover offer


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Lloyds finds more than half of UK businesses say AI has created new jobs

More than half of UK businesses believe AI has created new jobs within their organisations, according to new research from Lloyds

Story 3

Titan Wealth agrees acquisition of LTS Tax

Titan Wealth has agreed to acquire Channel Islands-based tax advisory firm LTS Tax Limited for an undisclosed amount

Story 4

GDP grows by 0.4% in Q2

UK gross domestic product (GDP) increased by 0.4% in the three months to June, down from 0.6% in the three months to May, the Office for National Statistics (ONS) has revealed.

The latest data also follows growth of 0.8% in April, demonstrating a slowdown in the UK economy following a positive start to the year

Story 5

Aviva lifts dividend amid record first-half profit

Aviva shares climbed on Friday after the FTSE 100 insurer raised its interim dividend and reported stronger-than-expected half-year results, boosted by robust performance across its businesses and early progress from its Direct Line acquisition

Story 6

Virgin Trains wins cross-channel service approval from regulator

Virgin Trains has received pre-approval from The Office of Rail and Road (ORR) to run services between London St. Pancras and Paris, Brussels or Amsterdam from 2030

Story 7

Frasers buys Harvey Nichols and warns of 'tough choices' ahead

Frasers Group has acquired Harvey Nichols from administrators FTI Consulting, taking control of the 200-year-old luxury retailer and warning the planned turnaround will require "tough choices".

The deal includes Harvey Nichols’ six UK stores in Knightsbridge, Manchester, Birmingham, Bristol, Leeds and Edinburgh, its online business, existing inventory and more than 1,000 employees

Story 8

Savills profits jump 47% as property markets show signs of recovery

Property consultants Savills reported a first-half performance that saw revenue rise 9% year-on-year to £1.23bn, while underlying pre-tax profit ballooned up 47%

Story 9

Time Finance agrees £55m cash takeover by Ultimate Finance

Time Finance has agreed a recommended cash acquisition by Bentley Park, the parent company of Ultimate Finance, valuing the AIM-listed specialist lender at approximately £55.1m

Story 10

Entain NGR beats expectations in H1

Entain has reported that its group net gaming revenue (NGR) landed ahead of expectations in the six months to 30 June, rising by 5% year-on-year

Balfour shares hit record high

Balfour Beatty shares rose 10% to a record high after the infrastructure and construction giant reported strong first-half results, with growth driven by US buildings and UK power transmission, prompting the company to upgrade its full-year outlook.

The London-based company said growth was driven by strong demand for US building projects and UK power transmission work
IHG checks in record new rooms but revenue falls short

InterContinental Hotels Group (IHG) came under modest pressure in early trading after a record 200 hotel openings in the first half still saw revenue fall short of expectations.

While the Holiday Inn owner delivered 10% growth in operating profit, 13% growth in adjusted earnings per share and record hotel development activity, investors focused on a slowdown in second-quarter room revenue growth and a small profit miss versus consensus forecasts.
Cohort subsidiary wins €140.7m contract with Saab

Cohort has announced that its German subsidiary, ELAC, has been awarded a contract with Saab with a value of €140.7m


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies