B2B Engagement

Legoland owner agrees £4.8bn deal to buy Merlin Entertainments

In the words of the film, everything appears to be ‘awesome’ in the world of Lego as it expands its empire by snapping up Legoland and Madame Tussauds owner Merlin Entertainments The Danish billionaire family that controls the Lego toy firm, with other investors, is paying £4.8bn for Merlin. Kirkbi Invest says it has the […]

Facebook and eBay told by CMA to take action over fake reviews

The regulator found 26 Facebook groups where people offered to write fake reviews to order. Facebook and eBay have been ordered to take urgent action to stop fake online reviews that are increasingly being used by companies to deceive customers. The Competition and Markets Authority said it had found “troubling evidence” of a thriving marketplace for […]

Bank of England governor Carney gives Facebook currency cautious welcome

Bank of England Governor Mark Carney gave Facebook’s proposed digital currency Libra a cautious welcome in a major speech on Thursday. He said it could substantially lower costs and increase financial inclusion, but needs regulation. Mr Carney also announced that non-banks will be able to hold Bank of England accounts. And he highlighted climate and […]

Tesco’s plan for high end convenience stores spooks the market

Shares in supermarkets have fallen sharply after Tesco said it was considering plans for a new chain of high-end convenience stores. The proposal for a chain based on its Tesco Finest food range comes nine months after the supermarket giant opened discount retailer Jack’s. Although Tesco has set no date for its latest venture, upmarket rivals […]

Morrisons and Amazon expanding same day deliveries

Morrisons and Amazon say they will expand their same-day delivery service for groceries to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth. Morrisons agreed to supply Amazon with groceries in 2016 and the service now includes delivery within the hour for some customers. So far shoppers in Leeds, Manchester, Birmingham and some parts of London can use […]

Sports Direct challenges Debenhams turnaround plans

Mike Ashley’s Sports Direct has launched a last-minute legal challenge to Debenhams’ restructuring plans. Debenhams rejected two last-ditch takeover offers from Sports Direct before the keys to its shops were handed over to its lenders. Now Sports Direct has turned to the courts in a bid to overturn a company voluntary arrangement (CVA) that would […]

Web designer sues Boohoo founder for £118.5m

A web developer is suing the founder of online fashion retailer Boohoo for £118.5m amid claims he reneged on a promise to reward him for creating the firm’s website. Richard Womack has brought a claim against billionaire Mahmud Kamani for breach of an agreement. He claims he was promised a 10% share in the Manchester-based […]

Thomas Cook receives takeover approach from Chinese shareholder

Troubled travel firm Thomas Cook has said it has received a takeover approach for its tour business from China’s Fosun. Fosun is already Thomas Cook’s largest shareholder, and also owns the Club Med holiday business. Thomas Cook said it was in talks with Fosun, but added there could be “no certainty that this approach will […]

Sir Philip Green in final bid to save retail empire

Sir Philip Green has made a last-ditch attempt to save his retail empire from collapse by seeking a less severe rent reduction from landlords of his stores. Earlier this week, a vote on Sir Philip’s rescue deal for Arcadia, which includes Topshop, was postponed after some landlords refused to back it. Sir Philip is now […]

Sports Direct makes Game digital takeover bid and warns of job losses

Mike Ashley’s retail empire Sports Direct is making its latest High Street expansion move with a £51.9m bid for Game Digital. Sports Direct said it will offer 30p a share for Game Digital under the cash bid, which was triggered after it upped its stake in the chain to 38.5%. But Sports Direct warned there […]