Almost £700million was added to the value of The Hut Group (THG) after it signed a £1.6billion tie-up with Japanese technology powerhouse Softbank. Investors cheered the news, sending its stock rocketing as much as 15 per cent in early trading. And the deal was greeted warmly by analysts too. THG announced after the market shut on … Read more
Hut Group in £1.6bn tie-up with Softbank: Japanese firm to become top shareholder and use e-commerce tech By Daily Mail City & Finance Reporter Published: 21:50 BST, 10 May 2021 | Updated: 22:02 BST, 10 May 2021 The Hut Group (THG) last night agreed a £1.6billion tie-up with a Japanese conglomerate. Under the deal, Softbank … Read more
Irene Forte’s skincare business in tie-up with Gwyneth Paltrow’s Goop Forte is rolling out a £5m expansion of her luxury skincare business Later this month, she will launch her Irene Forte Skincare brand through Goop From the spring, her range will also be sold in eight Flannels and Frasers stores By Harriet Dennys For Financial … Read more
Pioneering electric vehicle battery business Britishvolt moves quickly to secure high end tech provider for its Northumberland factory By Mark Shapland For The Daily Mail Published: 21:50 GMT, 15 January 2021 | Updated: 21:50 GMT, 15 January 2021 A pioneering British electric vehicle battery business has moved quickly to secure a high end tech provider … Read more
Royal London and rival financial services firm LV= in talks about £500m tie-up By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 September 2020 | Updated: 21:56 BST, 27 September 2020 Royal London and rival financial services firm LV= are in talks about a £500m tie-up. The potential deal could see the pair … Read more
Ocado sales could exceed £2bn for first time as customers flock to order food from new partner Marks & Spencer By Neil Craven, Financial Mail on Sunday Published: 21:50 BST, 12 September 2020 | Updated: 22:25 BST, 12 September 2020 Ocado sales could exceed £2billion for the first time this year after customers flocked to … Read more
Ocado eclipses its supermarket rivals… as ailing M&S pins its hopes on online tie-up By Tom Witherow For The Daily Mail Published: 22:12 BST, 18 August 2020 | Updated: 22:12 BST, 18 August 2020 Ocado has emerged as one of the biggest winners of the coronavirus crisis, eclipsing its ‘Big Four’ supermarket rivals. The online … Read more
Investors piled into Mitie after it unveiled plans to form the UK’s biggest support services group through a deal with Interserve. Mitie has agreed to pay £271million to take over its rival’s facilities management arm, creating a mega-business with almost 88,000 staff and turnover of £3.5billion. Combining resources would save the firms millions of pounds … Read more
Bookie tie-up between Paddy Power owner Flutter and Sky Bet owner Stars Group gets backing By Daily Mail City & Finance Reporter Published: 22:21 BST, 31 March 2020 | Updated: 22:21 BST, 31 March 2020 Bookie merger: The combination of Flutter and the Stars Group will have a turnover of over £4.4bn A £10billion mega-merger … Read more