BUSINESS LIVE: Ashtead has record quarter; DS Smith starts the year strong; Begbies Traynor makes acquisition
By This is money
Updated:
Companies with reports and trade updates today include Ashtead Group, DS Smith, Rio Tinto, Begbies Traynor, Jet2 and PZ Cussons. Read the Business Live blog of Tuesday 05 September below.
Lionesses set the cash registers roaring at home as the World Cup boosts retail
England’s Lionesses provided a boost for retailers last month as fans stocked up on food and drink for World Cup meetings.
The team’s progress to the final – where they suffered a heartbreak at the hands of Spain – sent supermarket tills ringing, helping them recover from a poor start to the summer.
M&S teaming up with Estee Lauder ahead of returning to the Footsie
Marks & Spencer is working with the company to expand its ‘brands’ strategy.
Starting next month, more than 30 perfumes from the New York-based beauty giant will be available on M&S’s website and via click & collect in more than 700 stores.
Climate responses are shaking Grafton to its foundations
Grafton Group said its track record on climate and gender diversity was one of the reasons 21 percent of shareholders voted against re-election of its non-executive chairman.
The Irish DIY retail giant launched a consultation after more than a fifth of investors chose not to support the resolution to re-elect Michael Roney at the company’s annual general meeting in May.
Private equity dives into British pharmaceutical company Ergomed in a £703.1 million deal
Private equity has attacked another UK firm in a deal that values its founder’s stake at over £120 million.
Buying giant Permira has agreed to acquire pharmaceutical services group Ergomed for £703.1 million, putting it on course to become the latest company to exit the London stock market.
Accountant EY under fire because of green light for Wilko
EY, the accountant of bankrupt retail chain Wilko, is facing a backlash over its oversight of the group after signing its accounts, despite the company warning it didn’t have enough cash to withstand a sharp drop in its earnings. capture turnover.
It comes as MPs from the Business Committee are meeting on Tuesday to discuss the fate of the retailer, which ran into trouble last month and put 12,000 jobs at risk.
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