Logistics

THG re-elects chair despite small shareholder revolt

THG has re-elected its chair Lord Charles Allen with just 9.25% voting against his re-election despite vocal opposition. Kelso Group,…

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Today’s news in brief-24/6/24

Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative…

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Frasers acquires Coggles amid multi-year THG partnership

Frasers Group has announced it has agreed a multi-year partnership with THG which includes Frasers acquiring THG’s luxury brands business…

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Today’s news in brief-19/6/24

UK inflation has hit its target for the first time in almost three years, with consumer price inflation easing to…

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Amazon to invest £23m in skills training for UK employees

Amazon has announced that it is investing £23m in skills training for employees across the UK.  The announcement comes as…

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Today’s news in brief-17/6/24

Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of…

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Morrisons exec steps down after three months

The interim chief customer officer at Morrisons has stepped down from the role after only three months in the position.…

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Lidl announces plans for new distribution centre

Lidl UK has revealed plans for a brand new Regional Distribution Centre (RDC) in Bolton, Greater Manchester, following the freehold…

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B&M posts profits of £498m

B&M has revealed that its statutory profit-before-tax rose 14% to £498m, up from £436m, for the year ended 30 March…

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Today’s news in brief-4/6/24

UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average…

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