The owner of Poundland has tabled an offer for Harvey Nichols as the owner of the Knightsbridge-based department store chain nears a decision about its future.
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Poundland owner joins suitors for department store chain Harvey NicholsSky News Business
With fingers in various highly lucrative pies, maybe the firm becoming LSE’s most valuable isn’t as fanciful as it seems Tufan Erginbilgiç, the chief executive of Rolls-Royce, seemed to be getting ahead himself when he said a year ago that the engine-maker had the potential to become the most valuable company on the London Stock Exchange. Yes, everyone knows about the remarkable turnaround. Rolls was a corporate calamity during the Covid shutdown of global aviation, then a tenfold increase in the share price followed under Erginbilgiç. But it still required a leap of imagination to think the firm could challenge the very top of the capitalisation charts one day. Continue reading...
The car giant says it expects fewer than 300 people will lose their jobs.
The financier who backed the takeover of Newcastle United Football Club alongside Saudi Arabia's sovereign wealth fund is in talks to buy a minority stake in West Ham United, the newly relegated Championship club.