Headline News
Shein planning £50bn London listing early next year - reports
Singapore-domiciled Chinese fast fashion giant Shein is preparing for a highly anticipated initial public offering on the London Stock Exchange in early 2025, it was reported on Monday, targeting a valuation of £50bn.
B&M to issue £250m in senior secured notes
B&M European Value Retail announced plans to issue £250m in sterling-denominated senior secured notes on Monday, due 2031, to repay its existing senior secured notes maturing in 2025.
Sirius Real Estate upbeat after first half
Sirius Real Estate reported a 14. 5% rise in funds from operations (FFO) to €60. 7m in its half-year results on Monday, supported by a strong operational performance.
Segro offer for Tritax EuroBox lapses
Segro confirmed on Monday that its all-share offer to acquire Tritax EuroBox has lapsed after failing to meet key conditions by the specified deadline.
HSBC to sack hundreds of managers in shake-up - report
HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
Supermarket Income REIT acquires Sainsbury's in Huddersfield
Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield for £49. 7m, it announced on Monday, representing a net initial yield of 7. 6%.
FDM says full year to be in line with expectations
FDM Group said on Monday that its full-year performance was set to be in line with its expectations, despite continuing market uncertainty.
Elementis CEO Waterman to step down
Elementis announced on Monday that its chief executive officer Paul Waterman would step down following nine years at the helm.
Budget weighs on UK house prices - Rightmove
UK house prices eased in November, industry research showed on Monday, as uncertainty around the Budget weighed on demand.