FCA
This coverage focuses on the Financial Conduct Authority’s (FCA) oversight and actions affecting the UK retail sector. Reporting highlights regulatory changes, compliance requirements, investigations, enforcement actions, and guidance — all analysed for their impact on retail operations, financial practices, and corporate governance. The content is designed for retail executives and managers responsible for ensuring regulatory compliance and mitigating risk.
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Sep- 2021 -9 SeptemberHigh Street
Gear4music acquires AV online for £9.2m
Gear4music has announced that it has acquired AV Distribution Ltd, which is trading as AV Online, for an aggregate consideration of £9.2m. Separately, the group has also acquired the website domain name AV.com. The completion of the deal is dependent upon receiving approval from the Financial Conduct Authority (FCA) which…
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Aug- 2021 -27 AugustGovernment
Contactless limit to hit £100 in October
The Government is set to raise the contactless card spending limit from £45 to £100 from 15 October 2021. Initial plans for the change were first announced in March’s budget announcement, and follow the increase from £30 to its current level at the start of the pandemic. The decision has…
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3 AugustDepartment Stores
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashley’s Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhams’ collapse in 2019. According to Sky News, which reports it has seen the letter from Frasers CFO Chris Wootton, the letter claims that the Debenhams board was culpable for its…
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Jun- 2021 -17 JuneClothing & Shoes
Maternity brand Seraphine considering float on LSE
Maternity brand Seraphine has confirmed it is considering plans to float on the London Stock Exchange’s main market for listed securities. The company, which was founded in 2002, has submitted an application via its holding company, Kensington Topco Limited, for approval to the FCA. The group, which will be known…
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Mar- 2021 -24 MarchDIY
Wickes demerger to commence following FCA approval
Travis Perkins has “marked the next milestone” in the demerger of Wickes from the group after submitting a proposal of the move to the FCA for approval. Following approval, Wickes shares are set to be admitted to the premium listing segment of the FCA and admitted to trading on the…
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Feb- 2021 -10 FebruaryComment
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage. …
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5 FebruaryOnline & Digital
ManoMano doubles sales volume to over £1bn
ManoMano, an online DIY marketplace, saw its global business volume climb to £1.05bn last year, with its UK sales tripling to £105m. As a result of the spike in company-wide revenues, which more than doubled, the group is targeting an expansion strategy across Northern Europe. According to Christian Raisson, co-founder…
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4 FebruarySport & Leisure
JD Sports raises £464.2m to bolster acquisition plans
JD Sports has announced the completion of the placing of new ordinary shares in the business’ capital, which raised £464.2m for the company, to be used for future acquisition plans. A total of 58,393,989 new ordinary shares in the retailer were placed by Investec and Peel Hunt, at an issue…
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3 FebruaryGovernment
Buy-now-pay-later to be regulated following FCA review
Buy-now-pay-later schemes are set to face stricter regulations and controls after the Financial Conduct Authority (FCA) published a review into the unsecured credit market. BNPL products have seen a “rapid” increase in popularity as the pandemic has continued to drive online shopping. These purchases nearly quadrupled in 2020, with sales…
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Jan- 2021 -18 JanuaryClothing & Shoes
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in early February 2021. The shoe retailer has confirmed its plans to apply for admission of the company’s shares to the premium listing segment of the Official List of the FCA.…
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