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...The planned downgrade would have taken their financial strength rating down three notches, from B++ to B-, they said....
...Kingfisher, owner of the B&Q, Screwfix and Castorama DIY chains, has warned that profits will fall again this year, after a 25 per cent drop in the year to January....
...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....
Investors say regulatory conditions make utility’s business plan ‘uninvestable’
...Packaging group DS Smith said last week it was in talks over a 415p per share bid from US-listed International Paper, which would beat an earlier offer from local rival Mondi that had been agreed in principle...
...Additional reporting by Oliver Ralph...
...“A CMA market investigation is a big risk for the companies operating in a sector,” said Tom Smith, competition lawyer at Geradin Partners and former CMA legal director....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...Take a break from the news For the gentleman wishing to channel his inner flâneur this spring, HTSI offers 24 ways to live like a Frenchman, from the classic Polo Ralph Lauren twill pea coat to an elegant...
...Ukraine aid bill: Democrat Senate majority leader Chuck Schumer is expected to propose a “Plan B” after the $118bn bipartisan spending bill that tied support for Kyiv to a crackdown on immigration at the...
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Berluti leather Luti 38 tote bag, £3,900 School pupil and model Warren, 11, wears Polo Ralph Lauren cotton-mix coat, £1,899....
...Vintage gold violin pendant necklace, £85, vbylauravann.com Fornasetti ceramic plate, £165, farfetch.com Stella McCartney cotton-mix jacquard corset top, £1,250, farfetch.com Ralph Lauren Purple Label...
...organic-cotton socks, £22 Polo Ralph Lauren cotton-mix sweatshirt, €179 Crockett & Jones leather belt, £150 Rhude cotton Paradiso Rally T-shirt, $315 Guess Originals denim mid-rise jeans, £95 Luca...
...No mention of the B-word, then....
UK challenger bank’s shares fall almost 30% after reports it is seeking to raise up to £600mn from investors
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...When their idol took the stage, the screams that greeted her would do justice to the word hysteria, yet what followed was not an evening of Taylor Swift pop or Ariana Grande R&B, but a set of bossa novas...
French reinsurance group pays tribute to man who ‘devoted his entire life to business’
...‘B-movie general’: The families of Israelis being held by Hamas have heaped criticism on the retired army officer who is managing the hostage crisis....
...Grammy-winning mastering engineer Emily B Lazar, who has mixed music for Beck, Dolly Parton and Coldplay, knows that first hand....
...Though US luxury houses Tapestry and Ralph Lauren reported revenue growth in the most recent quarter, both cited softer demand in North America....
...£225 Maison Pichon Uzès earthenware Louis XVI side plates, £186 for set of four, abask.com Roger Feraud 1950s wood and wrought-iron coat-hanger stand, €1,210, vntg.com Philips Iris table lamp, £94.99 Ralph...
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