Hints and tips:
...Analysts at Peel Hunt previously said that they would “struggle to see the [Currys] board engaging on anything less than 80 pence”....
...Chancellor Jeremy Hunt said: “Last year was tough as interest rates had to rise to bring down inflation, but we can see our plan is working....
...Frasers Group, the UK retailer founded by Mike Ashley, owns about 11 per cent of Currys....
...In last month’s Autumn Statement, Hunt cut business and personal taxes by £20bn in a bid to boost growth, but overall taxes continued to rise....
...Chancellor Jeremy Hunt said it was “heartening” that the data meant wages had risen faster than prices for five consecutive months....
...British retail group Frasers, controlled by retail entrepreneur Mike Ashley, increased its holding in Boohoo to 10 per cent at the beginning of September....
...Chancellor Jeremy Hunt is due to give his autumn statement on November 22, with a general election expected next year....
...“With buyouts, [we can] hunt for companies in the $5bn range . . . what you’ll see us doing . . . is start to do bigger deals and deploy more equity.”...
...“The single factor that explains the poor performance of the UK GDP per capita, real wages and real household disposable income is low productivity growth compared to the rest of the G7,” said Ashley Webb...
...Mike Ashley’s Frasers Group has sucked up failed retailers and brands for pennies on the pound. That suggests limited options for WHSmith and M&S....
...Ashley Webb, UK economist at Capital Economics, said that the BoE “will be increasingly concerned about the persistence of domestic inflationary pressures”....
...to get later; Synairgen has some interesting looking long Covid trial data; Kingfisher looks fine; ditto Moonpig; and DX finally delivers its long-awaited corporate governance inquiry — Future on the hunt...
...Chancellor Jeremy Hunt said: “We have a clear plan to help halve inflation next year, but that requires some tough decisions to put our public finances back on a sustainable footing.”...
...Mike Ashley, the founder and majority shareholder of retail group Frasers, may now have handed over operational control of the business to son-in-law Michael Murray, but the freewheeling trader spirit he...
...We’re talking the likes of Laura Ashley, Craigie Aitchison, Grace Coddington and David Hockney....
...On Thursday, The Information reported on how Google’s security teams hunt for leakers....
...Sports Direct, in which Mr Ashley holds a 61.5 per cent stake, has been on a high-street bargain hunt for months, snapping up beleaguered retailers whose pricing, staff costs and rental costs have not been...
...The report noted that the US Securities and Exchange Commission this year formed a team in its enforcement division to hunt for ESG misconduct....
...But ahead of the results, broker Peel Hunt downgraded the stock to “reduce”, saying the rebound’s strength had “checked out of reality”....
...The Morris family, owners of Home Bargains, are worth more than retail tycoons Philip Green and Mike Ashley combined....
...John Stevenson, analyst at Peel Hunt, said it would be hard to find buyers for retail businesses in the current situation. “No one knows how exit from lockdown will look like.”...
...Jonathan Pritchard, analyst at Peel Hunt, said Ms Byers was a highly impressive operator whose loss would be a blow to the company....
...Since the British government closed non-essential stores in mid-March, more than a dozen chains have entered administration, including Debenhams, Oasis and Warehouse parent company Aurora Fashions, Laura Ashley...
...In addition to the tax bill, the annual results pointed to “serious problems at the core” of Sports Direct, said Jonathan Pritchard, analyst at Peel Hunt....
...March activity was up sixfold to $2.5bn with investors on the hunt for bargains now that valuations have fallen to more reasonable levels....
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