Mike Ashley’s Frasers Group buys stake in Hugo Boss

Mike Ashley’s Frasers Group buys £97m stake in Hugo Boss as part of plans to take his retail empire upmarket By Daily Mail City & Finance Reporter Published: 22:01 BST, 12 June 2020 | Updated: 22:01 BST, 12 June 2020 Mike Ashley’s Frasers Group – the owner of Sports Direct – has bought a £97m … Read more

Pretty Little Thing founder sells his stake to his father’s firm Boohoo for up to £324million

Every inch of Umar Kamani’s sprawling office is a different shade of garish, improbable pink.  The rooms are pink, the retro-style telephones are very pink, and motivational messages imploring staff working at his online clothing giant, Pretty Little Thing, to channel ‘good vibes only’ are blazoned across the walls in neon candy hues.  A gigantic … Read more

Czech billionaire raises stake in Royal Mail to £100m

Czech billionaire Daniel Kretinsky raises stake in Royal Mail to £100m as postal service battles biggest crisis since privatisation By Jamie Nimmo, Financial Mail On Sunday Published: 21:56 BST, 16 May 2020 | Updated: 21:56 BST, 16 May 2020 Czech billionaire Daniel Kretinsky has raised his stake in Royal Mail to above £100 million as … Read more

MARKET REPORT: BT bounces on rumours of Openreach stake sale

BT began to bounce back off near-record lows as rumours circulated that it was selling a stake in its Openreach engineering arm. The telecom group’s shares surged 5.4 per cent, or 5.55p, to 107.7p after reports it would use the money to bankroll a £12billion upgrade of Britain’s broadband network. Earlier this week, shares in … Read more

Sir Richard Branson sells Galactic stake to prop up empire

Sir Richard Branson selling £400m stake in his space exploration business to prop up rest of his ailing empire By Lucy White For The Daily Mail Published: 22:16 BST, 11 May 2020 | Updated: 17:37 BST, 12 May 2020 Sir Richard Branson is selling a £400m stake in his space exploration business to prop up … Read more

Property tycoon Nick Candy seeks to up his stake in gym chain 1Rebel

Property tycoon Nick Candy seeks to up his stake in trendy London gym chain 1Rebel By Daily Mail City & Finance Reporter Published: 21:51 GMT, 16 December 2019 | Updated: 21:51 GMT, 16 December 2019 Property tycoon Nick Candy has bumped up his stake in a trendy chain of London gyms. The 46-year-old already owned … Read more

Transport Secretary Grant Shapps says government could buy stake in struggling UK airlines

Transport Secretary Grant Shapps says government could buy stake in struggling UK airlines after collapse in demand amid coronavirus crisis It’s ‘important to save companies that should survive in normal times’ says MP Transport secretary Grant Shapps says ‘everything’s on the table’ to save firms Rishi Sunak says he will not create specific support package … Read more

Property tycoon Robert Tchenguiz shunts off £28m rail stake

Property tycoon Robert Tchenguiz shunts off £28m rail stake By Ben Harrington For The Mail On Sunday Published: 23:07 GMT, 21 March 2020 | Updated: 23:07 GMT, 21 March 2020 Loss: Robert Tchenguiz, pictured with his sister Lisa, was hit by the market fall Property tycoon Robert Tchenguiz has sold his multi-million pound investment in … Read more