Brookfield sweetens bid to €3.3bn for UK mall owner Independent.ie Brookfield Property Group has sweetened an offer for UK shopping malls-owner Intu Properties to value the company at £2.9bn (€3.3bn), as it targets an industry that has been shunned by investors because of online retail's rise. https://www.independent.ie/business/world/brookfield-sweetens-bid-to-3-3bn-for-uk-mall-owner-37439578.html https://www.independent.ie/incoming/article37439039.ece/86b17/AUTOCROP/h342/m782182Read-Only.JPG Email Brookfield Property Group has sweetened an offer for UK shopping malls-owner Intu Properties to value the company at £2.9bn (€3.3bn), as it targets an industry that has been shunned by investors because of online retail's rise. The bid consortium, that also includes billionaire John Whittaker's Peel Group and Saudi Arabia's Olayan Group, made a revised proposal to pay 215p per Intu share, less any dividends. That's about 44pc more than Intu's share … [Read more...] about Brookfield sweetens bid to €3.3bn for UK mall owner
Online share trading uk
Pádraig HoareShares in UK high street retailer Debenhams,which has 16 stores in the Republic and the North, plunged over 10% as it confirmed it was considering “longer-term options”, including possible further store closures.It is the latest blow to UK high street retail, which has been reeling from intense competition from online shopping and changing consumer habits in recent months, leading to chains such as Toys ‘R’ Us and Maplin closing.The woes in Britain are hitting Ireland too. Struggling House of Fraser was taken over last month by Sports Direct owner Mike Ashley, who has an almost 30% stake in Debenhams.Mr Ashley slammed Debenhams earlier this year, saying he would be “smashing into them over why they cannot follow anything that Sports Direct suggests”.The Irish division of Debenhams has 11 stores in the Republic across Dublin, Cork, Galway, Limerick, Waterford, Newbridge, and Tralee. There are also five stores in the North, in … [Read more...] about Debenhams mulls ‘options’ as shares drop 10%
LONDON (Reuters) - Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday. FILE PHOTO: A Union Jack themed Visa credit card is seen amongst British currency in this photo illustration taken in Manchester, Britain March 13, 2017. REUTERS/Phil Noble/Illustration In a document detailing contingency planning if Britain leaves the EU in March with no transition deal, the government said unilateral action on several fronts could only minimise disruption up to a point. While Britons will still be able to use their bank cards to withdraw money in EU countries, over a million UK citizens living abroad may not be able to use their British accounts for borrowing and deposit services, or insurance contracts such as annuities that pay pensions, the document said. Banks offering these services may also be … [Read more...] about Britons living in EU could lose access to UK bank services in…
Fast fashion brand Quiz announced another period of double-digit growth this morning, at the end of a year which saw it launch a menswear line and take steps into the US. The figures Revenue grew 30 per cent to £116.4m in the year to the end of March. This was driven by 158 per cent growth in online sales, but UK stores and concessions also delivered 12 per cent growth. Profit before tax edged up to £8.5m, compared to £8.1m last year. This was enough for management to propose its first annual dividend of 80p per share. Why it's interesting While Quiz has strong digital operations and quick reaction to trends in common with peers Asos and Boohoo, it also has a sizeable presence in high streets and shopping centres. The strong growth of sales in stores contrasts to other fashion retailers such as New Look and Select, which have recently sought rent reductions as they struggle with a dip in footfall. Read more: New Look's creditors approve deal to reduce rents and close … [Read more...] about Quiz defies retail gloom with growth both online and in stores
On a crisp, sunny morning a couple of official vehicles, including a police car, pull into a quiet cul-de-sac in a seaside town. Officers get out and knock on the door of one of the houses, then proceed to search it: every cupboard is opened, every box. Old furniture is pulled out of the garage. The officers, who are from both London and the local council, and are funded by National Trading Standards, scour the property, hunting for illegal skin-lightening products imported from Asia and Africa. Jars are bagged and tagged while the inhabitants of the house are interviewed. These products will be sent to a lab and tested. If they meet legal requirements, they will be returned. If they don’t, they will be destroyed, and a formal criminal prosecution will begin. Not all products that purport to lighten the skin are illegal, but many creams from outside the EU contain chemicals banned under safety regulations. These include mercury and hydroquinone – which with prolonged … [Read more...] about Skin-lightening creams are dangerous – yet business is booming. Can the trade be stopped?