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...During his own tenure, CD&R had done “a number of successful deals”, Leahy said, including the IPO of UK value retailer B&M, which delivered a £1bn payday for CD&R and the Arora family at the time, and the...
...The owner of the B&Q, Screwfix and Castorama DIY chains has warned that profits will fall this year, piling pressure on the group to accelerate its turnaround plan....
...Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store....
...Discount retailer B&M has agreed to buy 51 of rival Wilko’s 400 stores for £13mn from the administrators, as the fate of the rest of the British high-street chain remains uncertain....
...Under those plans, drafted by the Treasury and the environment department (Defra), Thames Water would be managed by an arms-length body — modelled on the one that built London’s Crossrail project — while...
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Budd cashmere socks, £105 New & Lingwood silk scarf, £175 Globe-Trotter vulcanised-fibreboard Carry-On suitcase, £995 Gucci silk faille bow tie, £150 B&B Italia lacquer Re Quadro coffee table by Paolo...
...The demise of Wilko is one of the biggest retail casualties in the UK since the collapse of Sir Philip Green’s retail empire and department store chain Debenhams, and more recently McColl’s, the corner shop...
...Khan and her counterpart at the Department Justice, Jonathan Kanter, are advancing novel theories of harm from M&A in order to challenge transactions....
...They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...Opec expects over 2mn b/d additional demand growth this year. That is nearly twice the IEA’s estimate, and makes the Saudi Aramco decision look odd....
...“My intuition, based on Trump’s continued expressions of suspicion about the big tech information sector, is that he would likely turn to his justice department and say: ‘Carry on,’” he said....
...Instead, investors were given a “Plan B” for cheaper cars that will be made on existing production lines and systems to help cut Tesla’s spiralling costs as it shifts billions of dollars worth of investment...
...These are “superapps” that enfold many different services and would make the App Store less central, and cloud gaming services that can rely on less powerful handsets, weakening the need for an iPhone....
...Gloucestershire Hospitals NHS Foundation Trust said it had temporarily closed the accident and emergency department at Cheltenham hospital as a result of the walkout....
...Helped by October’s temporary lifting of sanctions and increases in Chevron’s oil joint venture, Venezuela has boosted crude production to an average of just over 800,000 b/d in the first quarter of this...
...These awful Apple-mandated confusion screens are over and done forever.” Apple’s App Store has drawn scrutiny from courts and antitrust enforcers around the world....
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
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...Republican and Democratic lawmakers have introduced legislation that would ban app stores from distributing TikTok unless ByteDance, its Chinese owner, divests control of the popular video-sharing platform...
...Broadly speaking, Labour wins elections when the following two things have happened: a) Labour has convinced enough of middle England that they are not scary, and b) British voters are worried about the...
...B&M and Home Bargains....
...That’s a sum Apple will fish out from the couch cushions, but is a taste of the fines and remedies that could come with the EU investigation of Apple’s and Google’s app stores under the Digital Markets Act...
...Meanwhile, the storied US department store operator — whose name was once synonymous with retail magic — continues to lose relevance among shoppers....
...He tried to talk to the store manager about the danger of mislabelling food products but didn’t get far. So he submitted an official complaint to the county health department....
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