Hammerson Takes Full Control of Birmingham's Bullring in £319m Deal

Hammerson Takes Full Control of Birmingham's Bullring in £319m Deal

Hammerson, a leading European property company, has completed a £319 million deal to gain full control of two major retail hubs in Birmingham: the Bullring and Grand Central.
This acquisition signifies Hammerson's long-term commitment to key UK retail destinations and its strategy for managing and developing large-scale urban shopping environments.
The deal is a significant transaction in the UK commercial property market, reflecting investor confidence in prime retail assets despite broader challenges.

Bullion Bonanza: Gold Price Hits Record Highs Amid Global Instability

Gold is on track for its strongest annual performance since 1979, with bullion hitting a series of record highs driven by high interest rates, inflation, and increasing geopolitical crises.

Morrisons Cuts Prices on 650 Products to Help Customers with Budgets

Morrisons announces significant price cuts across more than 650 products in its UK stores and online, with reductions averaging 18% to help customers manage household budgets.

Berkeley Group Warns of London Housing Slowdown

FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.

Poundland Announces Store Closures Amid Restructuring

Poundland plans to close up to 68 stores in 2025 following financial difficulties and restructuring.

UK Retailers' Shares Fall on Consumer Spending Squeeze Fears

UK retail stocks, including major names like Associated British Foods (Primark) and Kingfisher, experienced a sell-off following a bearish note from Deutsche Bank about a slowdown in discretionary spending.

Angling Direct Reports Stronger-Than-Expected H1 Trading

Fishing tackle and equipment retailer Angling Direct has reported a stronger-than-expected first-half trading performance, boosted by a solid UK performance.

Revolution Beauty Warns of Lower EBITDA

Revolution Beauty has issued a profit warning, stating that its adjusted EBITDA will be lower than expected after a revision to its stock provisions.

London-Listed Revolution Beauty Warns of Lower-Than-Expected Profit

Revolution Beauty has issued a profit warning, stating that its adjusted EBITDA for the last financial year will be significantly lower than initially forecast.

Shein Looks at Moving Back to China for Hong Kong Listing

Fast-fashion company Shein is reportedly exploring a listing in Hong Kong as its London IPO plans face significant political and regulatory scrutiny.

Shein Considers Hong Kong Listing as London IPO Stalls

Fast-fashion company Shein is reportedly exploring a listing in Hong Kong, as its plans for a potential London IPO face significant regulatory and political challenges.

Deutsche Bank Hikes JD Sports Price Target

Shares in JD Sports surged after Deutsche Bank raised its price target on the stock, citing the company's strong performance and growth potential.

Asda 'Misfiring' in Supermarket Price War

An analysis suggests that Asda is struggling and 'misfiring' in the ongoing price competition among UK supermarkets, losing ground to its rivals.

Lidl Nears Overtaking Morrisons as Fifth-Biggest UK Supermarket

Recent market data shows that the discounter supermarket Lidl is closing in on Morrisons, threatening to displace it as the UK's fifth-biggest supermarket.

Lidl Nears Overtaking Morrisons as Fifth-Largest UK Supermarket

Recent market data shows that the discounter supermarket Lidl is closing in on Morrisons, threatening to displace it as the UK's fifth-biggest supermarket.

British Land Reports Strong Occupancy Rates in Retail Parks

Property firm British Land has reported strong occupancy rates in its retail parks, a positive sign for the company and the broader retail sector.

Boohoo Founder Mike Ashley Calls for Probe into Debt Collector

Mike Ashley, the founder of Boohoo, has reportedly called for a formal investigation into a debt collection agency, reigniting a long-running dispute.

Shein Chairman Says Firm 'Wants to be Listed Company'

The chairman of fast-fashion giant Shein has reiterated the company's desire to become a publicly listed company, even as its IPO plans face scrutiny.

UK's Biggest Toy Chain to Hand Ownership to Its Employees

The UK's largest independent toy retailer has announced plans to hand over ownership of the company to its employees.

M&S Click and Collect Returns Months After Cyberattack

Marks & Spencer has finally restored its click and collect service, months after a cyberattack on a third-party partner forced its suspension.

Dr Martens Sees Profits Slide but On Track for Growth

Dr Martens has reported a slide in profits but has stated that it remains on track for a return to growth in the coming year.

River Island Restructuring Plan Approved by High Court

High street fashion retailer River Island has had its restructuring plan approved by a High Court judge, a move that will allow it to close stores and renegotiate rents.

UK Parliament to Investigate Shein's Potential London IPO

A UK parliamentary committee has launched an investigation into the potential London IPO of fast-fashion giant Shein, raising concerns over its business practices.

Waterstones Secures £125m in Growth Capital

UK high street bookseller Waterstones has secured a £125 million syndicated financing package, providing the capital for its future growth.

UK High Street Bookseller Waterstones Secures £125m in New Financing

UK bookseller Waterstones has secured a £125 million syndicated financing package to fuel its future growth and expansion plans.

Shein’s UK sales surge underscores consumer shift to value

The fast-fashion giant’s UK sales hit $2.8bn in 2024, highlighting continued pressure on legacy apparel retailers.

Vantage Data Centers Secures Approval for Major Welsh Investment

US-based Vantage Data Centers has received planning consent for a new, large-scale data center project in the Vale of Glamorgan, Wales.

Carlyle to Take Control of Very Group from Barclay Family

US investment firm Carlyle is reportedly preparing to seize control of the UK online retailer Very Group, ending the long-standing ownership of the Barclay family.

Visma Owners to Pick Banks for £16 Billion London Float

The owners of software company Visma are reportedly close to appointing banks for a potential £16 billion stock market listing in London.

London Stock Exchange Struggles Highlight 'Broken Growth Model'

An editorial from The Guardian argues that the shrinking of the London Stock Exchange is a symptom of a 'broken growth model' and low business investment in the UK.

Sainsbury's to Close Seven Stores in Restructuring Move

Sainsbury's has announced it will close seven of its supermarkets as part of a strategic plan to reduce costs and focus on its most profitable locations.

showbiz sport money travel garden news tech health science business politics culture environment