Aurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other UK retailers. Staff at the ethical cosmetics group fear it will be next, with more than 2,200 jobs and 200 stores at risk. Aurelius, a specialist in distressed companies, has … Read more
Vibhor Steel Tubes IPO received the highest subscription so far at nearly 300 times, driven by strong non-institutional and retail interest. Post the overwhelming response, the company is likely to finalise the share allotment later today. The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery … Read more
The London Overground is to be rebranded into six lines with names inspired by the capital’s and the country’s diverse modern history, from Windrush to the Lionesses. In autumn, the web of orange on the tube map will be replaced by six colours and routes to help make the capital’s public transport network easier to … Read more
While the underlying market sentiment remains bullish, it’s important for investors to balance the excitement around new market highs with the potential risks related to geopolitical concerns, especially when valuations offer a lower margin of safety, says Neeraj Gaurh, fund manager, Axis Securities. “Despite the strong outlook for our economy, we believe that markets can … Read more
Game development is an expensive and time-consuming business. Right now, 2,000 people are working on the next instalment in Ubisoftâs blockbuster Assassinâs Creed series, across 18 studios around the globe, and itâs a project that will take 2 to 3 years. Imagine how any of those people might feel to learn that last year, a … Read more
Equity indices climbed for a third straight day amid positive global cues. The 30-share Sensex rose 227 points to close at 72,050 and the broader NSE Nifty also gained 70 points to end at 21,910. Stocks that were in focus included names like M&M, which rose 6.81%, Vedanta, which declined 4.17%, and NTPC, whose shares … Read more
As she stood beside two union flags in a wood-panelled room, it looked as if Rachel Reeves had stepped into Rishi Sunakâs own press conference room in Downing Street â a deliberate move. The shadow chancellor had been preparing for this moment for months, warning of the heightened risk of recession ever since the last … Read more
While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up. Synopsis For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth … Read more
Hard-up students cutting back on midweek nights out have left town centres empty and bars and clubs struggling to stay afloat, the boss of the UK’s biggest nightclub chain has said. Peter Marks, the chief executive of Rekom, which owns the Pryzm and Atik chains, said high rents and all round increases in the cost … Read more
Mumbai: More than 20 companies have announced bonus share offers within a mere six-week span, bringing the total number of bonus issues for 2024 to 35 thus far. That compares with 90 companies that issued bonus shares in the last calendar year. Experts attribute the surge to burgeoning earnings and a brighter business outlook, while … Read more
