Billionaire Issa brothers buy fast food chain Leon

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Blackburn billionaire brothers Mohsin Issa and Zuber Issa, who own supermarket giant Asda, have bought the fast food chain Leon. The brothers’ petrol forecourt business...

Administrators complete sale of Bonmarche

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The Joint Administrators of BM Retail Limited (t/a Bonmarche) have completed the sale of the businesses to Purepay Retail Limited, which is backed by...

Asda chief executive to step down following billion-pound buyout

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Asda’s chief executive has said he will step down next year following a billion-pound buyout of the firm. Roger Burnley said he will leave the...

Deliveroo shares close down 26% on first day of trading

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Shares in Deliveroo closed down 26.3% on its first day of trading on the London Stock Exchange, having earlier seen falls of 30% during...

Boohoo buys Dorothy Perkins, Wallis and Burton

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Online fashion retailer Boohoo has bought Dorothy Perkins, Wallis and Burtons for £25.2million. Around 260 jobs, mainly head office roles, will be saved as...

Business optimism and economic activity soar over road map to reopening

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The UK economy showed strong signs of growth in March, hitting a seven-month high, as the optimism over the vaccine rollout saw businesses increase...
Deliveroo riders from the Independent Workers’ Union of Great Britain in Shoreditch High Street, east London, as they go on strike

Deliveroo shares rise on first full trading day despite strike

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Deliveroo shares have climbed higher on their first day of full trading despite the start of a rider strike over worker rights. The takeaway delivery...

Asda bought by billionaire Issa brothers in £6.8bn deal

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A consortium of Zuber and Mohsin Issa and private equity firm TDR Capital will take a majority stake in Asda from Walmart in a...
Deliveroo extension plans

Deliveroo set to raise £1bn in London stock market float

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Deliveroo has said it plans to raise £1 billion from its impending listing on the London Stock Exchange. The takeaway delivery business confirmed its fundraising...
The London markets jumped higher on Friday

London markets end turbulent week higher amid positive UK retail data

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The London markets jumped higher as sentiment improved at the end of a turbulent week for traders. UK investors were calmed by February’s retail sales...