Mike Ashley’s Frasers Group has bought Missguided’s brand out of administration for £20 million in the first distressed takeover since his son-in-law took over the running of his empire. Missguided collapsed on Monday after Boohoo failed to clinch a takeover deal of its online fast-fashion rival and administrators at Teneo were appointed. It is understood […]
HSBC UK has launched its 2022 £15bn lending Fund for small and medium sized businesses, supporting local economies, employment opportunities and driving growth across the country. Businesses have told us that they are ready to invest for growth and are confident about the prospects for their own businesses.They point to the biggest areas of opportunity […]
Higher interest rates and the fall in take-home pay are driving a decline in new mortgages, with the number approved falling below pre-pandemic levels last month. The number of mortgages approved fell to 66,000 in April from 69,500 in March, according to the latest money and credit figures published by the Bank of England. The […]
Iconic British menswear brand, TM Lewin, is ‘Back to Business’ following its official online relaunch. Announced just six weeks after the heritage brand secured a rescue deal with TM Lewin Shirtmaker Limited, the new TM Lewin eCommerce site showcases the brand’s initial spring/summer range, with additional lines to be added in the coming weeks. Established […]
BT and Ericsson today announced a multi-million-pound new joint partnership to provide commercial 5G Private Networks for the UK market – the first agreement of its kind in the country. The telecommunications and technology firms have signed a multi-year contract that will enable BT to sell the next generation mobile network technology products to businesses […]
Rents in the residential market in India increased 4% quarter-on-quarter for the three months ended March 2022, signalling an improvement in the rental housing market with offices opening and people returning to their base work locations. According to a report by Magicbricks, searches for rented accommodations in India increased 15.8% sequentially and 6.7% year-on-year in […]
Property registrations in Mumbai surged 78% year-on-year with 9,523 units registered in May, according to data compiled by Knight Frank India. The substantial rise comes on the back of low sales registrations recorded in May 2021 due to the lockdown during the second wave of the pandemic. On a month-on-month basis, property registrations declined 19%, […]
E-waste management company Attero Recycling on Tuesday said it will invest $1 billion by CY27 as a part of its global expansion strategy to set up lithium-ion recycling facilities in the USA, Europe and Indonesia. The company aims to enhance its lithium-ion battery waste recycling capacity to over 300,000 million tonne (MT) annually by calendar […]