Daily Archives: September 5, 2020

Eye hospital firms focus on a sale

Two eye hospital firms could be on the brink of changing hands for hundreds of millions of pounds. City sources said Eight Roads Ventures – a private equity fund backed by Fidelity – is working with advisers from William Blair on a potential sale of Optegra. Fidelity is one of …

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Morrisons fires gun on ‘recession’ price war

Supermarket giant Morrisons is poised to slash the price of hundreds of products as the industry braces for a major price war this autumn. The chain will tomorrow cut prices by an average of 23 per cent on 400 products, including fruit and vegetables, meat, poultry, bread, breakfast cereal, rice, …

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Debenhams chief: Our top stores may face axe

The chairman of the department store chain Debenhams has said its biggest city centre stores are ‘vulnerable’ to closure without a large-scale Government intervention to avert disaster. Mark Gifford said last night that he was lobbying Whitehall at ‘every single level’ to head off a town centre crisis that would …

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Landlords reject New Look rescue plan

The future of fashion chain New Look is on a knife edge after a group of major landlords ‘flatly rejected’ its rescue plan. The 450-store chain, with more than 10,000 staff, has asked landlords to switch to controversial turnover-linked rent contracts and offered sweeteners such as one-off payments and multiple …

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Pubs and restaurants help economy grow by 6% in July

Britain’s economy grew 6 per cent in July, figures this week are expected to show.  Growth figures due out on Friday are likely to confirm the economy’s rollercoaster ride this year – with a violent swing into and out of a deep slump. The 6 per cent rise in gross …

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Now algorithm for US gets UK’s £31bn ‘tax gap’ all wrong

The Government’s claim that £31billion of taxes go uncollected each year is based on a misleading algorithm created for the American tax system, it can be revealed. Revenue & Customs is now working on major changes to the calculation which could see the figures altered radically – up or down. …

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STOCK WATCH: Owzat! Rose Bowl’s Ageas becomes a takeover target

Ageas isn’t a particularly familiar name to many British investors – except, perhaps, those who like cricket. The listed Belgian insurance giant sponsors the home of Hampshire cricket in Southampton – the Rose Bowl – where England recently played the West Indies and Pakistan. But now Ageas has also caught …

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