Mike Ashley’s Frasers muscles in on Harvey Nichols sale Retail Mike Ashley’s Frasers Group has gatecrashed the sales process for Harvey Nichols, defying the initial objections of the luxury department store’s brand partners. The fashion group, founded by billionaire Ashley, has successfully entered into the auction for the high-end retail group after demanding it be allowed to take part, Morning Wire understands. Harvey Nichols had [...]
Reckitt: Durex condom maker strips back costs as profit inches up Retail Consumer goods giant Reckitt posted a bump to revenue in the last financial year as its cost overhaul strategy to focus on specific divisions ramped up. The blue-chip firm – which owns a massive portfolio of brands including Dettol, Durex, Lysol, Finish, Vanish, and Gaviscon – recorded a 5.2 per cent increase in revenue, driven [...]
BP to sell majority stake in Castrol to US investment firm Energy BP’s share price was slightly up on Wednesday after it announced the sale of a majority stake in its lubricant business to a US investment firm in a deal valuing the unit at $10.1bn (£7.5bn). The FTSE 100 oil giant kicked off the sale process in February, and New York-based Stonepeak has agreed to buy [...]
Spire Healthcare considering sale amid shareholder pressure September 19, 2025 Spire Healthcare has confirmed it is exploring “a range of potential options” for the business, including a possible sale, after mounting pressure from some of its largest shareholders. In a statement to the London Stock Exchange, the private hospital group stressed that no decisions have been taken and that it is not in receipt of [...]
Sainsbury’s terminates discussions with Chinese retail giant over Argos sale September 14, 2025 Sainsbury’s has terminated discussions with Chinese retail giant JD.com over the sale of Argos only a day after rumors of the deal came to light. The UK grocer said that the proposed deal with JD.com was “not in the best interests of Sainsbury’s” and has subsequently ended discussions, it said on September 14. “JD.com has [...]
Landsec sells government office building to hotel giant August 18, 2025 A Westminster building owned by property giant Landsec, which has played host to major government offices, has been sold to a group bidding to lead Heathrow Airport’s expansion plans. The sale of Queen Anne’s Mansions, located in SW1, by Landsec marks a major step in the property firm’s ambition to sell off £2bn of its [...]
WH Smith knocks down price of high street stores to close sale June 30, 2025 WH Smith has been forced to reduce its offer price for its high street arm by £ 12m amid lower-than-expected cash flow in the period leading up to the sale. The move will see WH Smith become a pure-play travel retailer, and its high street arm will be rebranded to TG Jones. The Swindon-headquartered company [...]