M&S closing 17 more stores

Marks & Spencer have named a further 17 stores due to close as part of its restructuring plan, which will see 100 stores close by 2022. The closures puts 1,045 jobs at risk with M&S saying it will enter consultations with its employees with the intention of "retaining as many...
Smith & Nephew plc, the global medical technology business, has agreed to buy Osiris Therapeutics, Inc. for approximately $660 million. Osiris Therapeutics, based in Maryland, USA, researches, develops and manufactures regenerative medicine products. It has achieved commercial success with products in orthopedics, sports medicine and wound care. Osiris' 360 employees are...
Halma PLC (LON: HLMA) has bought Rath Communications, a provider of emergency communication in the USA, for £32.6 million. Halma, the leading safety, health and environmental technology group, will make Rath Communications part of the Group's Infrastructure Safety Sector. Andrew Williams, Halma's Chief Executive, commented: "Rath extends Halma's safety communications...
JD Sports has made an offer to buy clothing and shoe retailer Footasylum for £90.1 million. JD, which acquired approximately 18.7 per cent of Footasylum in February this year, now seeks to takeover the company and has offered to pay 82.5 pence a share. Founded in 2005, Footasylum...
Smith & Nephew PLC (LON:SN) has bought Ceterix Orthopaedics for $50 million, with a further $55 million over the next five years, based on performance. Ceterix Orthopaedics is the developer of the NovoStitch® Pro Meniscal Repair System, a unique device allowing surgeons to repair complex meniscal tear patterns. Brad Cannon, President...
Tesco have almost doubled it dividend to 5.77p per share, a huge 92.3% increase from the previous year. The increase comes after it reported full year pre-tax profits of £1.7bn, a 28% increase from last year, with revenue rising by 11% to £63.9 billion. Tesco stated that, whilst the...
Royal Mail have reported a drop in nine-month revenue with weaker than expected performance in its letters business. Letter volumes fell by 8% with revenue from letter delivery falling by 6%, offsetting a 6% rise in parcel revenue. Royal Mail said the fall in addressed letter volumes reflects the continuing...
National Express has bought a 60% stake in US firm WeDriveU for $84.3 million. WeDriveU provides employee shuttle services to many of the largest Fortune 500 companies in Silicon Valley and the broader San Francisco Bay Area. It also has a presence in several other US cities such as...
Housebuilder Redrow have reported a pre-tax profit of £185 million for the first half of the year; an increase of 5%. Revenue rose by 9% to £970 million. The total order book was up 11% to a record £1.162 billion. As a result of Redrow's strong performance dividends will be...
JD.com, China’s largest retailer, is expanding its luxury white glove delivery service, JD Luxury Express, which offers personalised delivery by specially-trained JD employees. Clad in distinct uniforms, complete with white gloves, they deliver purchases to customers’ homes in electric vehicles, rather than JD’s usual tricycles and scooters. The...
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