Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust’s wide gap between its net asset value and share …
Investing
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla?
Much has been made of the ‘Magnificent Seven’ tech stocks – Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla – which have dominated the US market amid a boom in …
JCB billionaire and Brexit champion Lord Bamford retires from House of Lords
Lord Bamford, the billionaire executive chairman of JCB and major Brexit backer, has retired from the House of Lords. Parliamentary records have confirmed that the Conservative peer, 78, stepped down …
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal
Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker. The UK retail giants, both known for acquiring troubled brands, have reportedly contacted the business’s administrators …
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders
Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting. At the the furniture retailer’s annual meeting in November, …
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits
Legal parties for Mike Ashley’s Sports Direct and Newcastle United clashed at the Tribunal on Tuesday, as the retailer sought an injunction against the Premier League club. Sports Direct, part …
Strawbridge to replace Sinfield in England rugby set-up
Veteran New Zealand rugby coach Andrew Strawbridge has joined England on a full-time deal after a short stint with Steve Borthwick’s side during the Six Nations. The 59-year-old spent the …
Merger of medicinal cannabis firm Northern Leaf and CBD brand Voyager collapses
A deal which would have ensured the “survival” of a medicinal cannabis producer through a merger with a Scottish CBD firm has collapsed. An agreement was first announced between Jersey-based Northern Leaf …
Industrial policy is not a ‘magic bullet’ for economic problems, IMF warns
Industrial policy should not be seen as a “magic bullet”, the International Monetary Fund (IMF) cautioned, as more and more countries around the world turn to an active state to …
Loss-making Dim T and Wildwood restaurants to close as owner Tasty bids to avoid collapse
Tasty plc, the restaurant group behind the Dim T and Wildwood brands, is looking to close 20 of its sites and secure new funding in order to avoid collapsing. The …