Fenwick, North East’s prominent department store, reported significant progress in narrowing its financial losses amid a challenging retail landscape.After selling its Bond Street store for £430m,…
Browsing: investment
Venture capital funding for UK startups saw a notable drop in the third quarter of 2024, testing the resilience of many ventures. The significant decline contrasts…
Four major US tech companies are investing in the UK’s data infrastructure, signaling a strong economic commitment.CyrusOne, ServiceNow, Cloud HQ, and CoreWeave plan to establish substantial…
The recent acquisition of a 40% stake in Selfridges by Saudi Arabia’s Public Investment Fund (PIF) signals a significant shift in the retail landscape. Selfridges has…
Amid ongoing challenges in the aviation sector, London City Airport receives a financial boost to stabilize its operations.A consortium comprising Canadian pension funds and Kuwait’s Wren…
THG, the Manchester-based company, sees a 6% drop in shares after raising £95m.The raised funds aim to support the demerger of THG’s Ingenuity division.Investments from major…
THG has successfully raised £95.4 million, exceeding its original target of £75 million, to fund the spin-off of its Ingenuity tech division.THG’s CEO, Matthew Moulding, personally…
THG successfully raises £95.4m, exceeding its initial target, to demerge its Ingenuity division.The funding was achieved through a share placing and subscription offer, overshooting the £75m…
The push for tax reductions for electric vehicle and heat pump manufacturers aims to enhance the UK’s net zero efforts.The CBI proposes a reduction of corporation…
The Saudi Arabian Public Investment Fund has acquired a 40% stake in Selfridges, marking a new chapter for the iconic department store group.This acquisition follows the…