Next ditches TopShop offer amid bidding frenzy for high street titan

Next has pulled out of the bidding for TopShop as the auction of Sir Philip Green’s former high street empire enters its closing stages. Sky News has learnt that a consortium comprising Next and Davidson Kempner Capital Management, a US investment firm, have withdrawn from a process being run by Arcadia Group’s administrator. The surprise move comes days after Next […]

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Wall Street hovers near record highs after Biden bounce

(Reuters) – Wall Street’s main indexes hovered near record highs on Thursday as investors counted on more pandemic relief and speedy vaccine rollouts under the Biden administration to support the economy after data showed a weakening labor market recovery.FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of New York, U.S., January 13, 2021. REUTERS/Shannon […]

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London's poshest homes are sitting empty during Covid-19 crisis

LONDON (BLOOMBERG) – London’s luxury housing market is enduring a lonely lockdown. Homes in the most expensive areas of the capital are sitting empty for more than two months before finding tenants, the longest waiting period since the last financial crisis, according to property data company LonRes. And that’s despite rents recently plummeting at the fastest annual pace in a […]

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Analysis: Jack Ma's reappearance fails to soothe all investor concerns

NEW YORK/BOSTON (Reuters) – Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators that is making some investors hesitate about owning its stock.FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends an event at the World Economic Forum Annual Meeting of […]

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Mytheresa Increases IPO Price to $26 A Share

Mytheresa is coming into the market with a last-minute mark up.  The German e-commerce company priced its IPO late Wednesday at $26 a share, well above the $16 to $18 it was looking for just last week.  That price will give the firm a market capitalization of $2.3 billion, raising $354.8 million for the company and $52 million for its […]

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TV Captures the End of a Tumultuous Presidency

Hours before Joseph R. Biden Jr. took the presidential oath of office, President Trump offered one more made-for-TV moment. A little past 8 a.m. on Wednesday, the cable news channels and major broadcast networks were trained on images of Marine One, the presidential helicopter, as it swooped past the Washington Monument and settled onto the South Lawn of the White […]

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Democrat Wyden wants Thursday vote on Yellen as U.S. Treasury secretary

Ranking Member Ron Wyden (D-OR) speaks during a Senate Finance Committee hearing to examine the expected nomination of Janet Yellen to be Secretary of the Treasury on Capitol Hill in Washington, U.S., January 19, 2021. Andrew Harnik/Pool via REUTERSWASHINGTON (Reuters) – Senator Ron Wyden, the top Democrat on the U.S. Senate Finance Committee, said he would push for a Thursday […]

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