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Mothercare shares plummet as it expects Middle East closures


By Dan McGrath

Shares in Mothercare have dropped by almost 68% after stating that its leading Middle East franchise partner is reviewing its stores, in light of the “ongoing situation in a number” of its territories.

The British heritage brand stated that while this review is yet to conclude, it is anticipating the closure of the "substantial majority" of its franchised stores in the region in 2027


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For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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Revolut plans dual London and New York listing

Revolut is planning a dual stock market listing in London and New York, founder and CEO Nik Storonsky has confirmed

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Harworth urges shareholders to reject Peel's revised takeover offer

Harworth Group has renewed its defence against a takeover approach from Peel Bidco, unanimously recommending that shareholders reject the bidder's revised £1.775 per-share cash offer after Peel's holding crossed the critical 30% threshold this week

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Next increases profit guidance in HY results

Next has increased its profit guidance for the full year by £12m to £1.25bn, as a result of a small upgrade in sales expectations and some additional cost savings.

In the six months to July, the fashion and homeware retailer saw its group sales increase by 9% year-on-year to £3.54bn, while its profit before tax jumped by 10.5% to £569m

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Defence Holdings secures second UK govt contract

Defence Holdings has secured its second customer contract with the UK government, with delivery starting immediately

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Debenhams says turnaround gathers pace as brands return to growth

The online retail group, formerly boohoo, reported improved interim profitability for H1 FY27 and said its turnaround strategy continued to make progress

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Drax hikes guidance as heatwave ups energy usage

Drax has upgraded its earnings guidance for the full year, as the group supported the UK energy system through July and August’s heatwave

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McLaren commits £500m to UK expansion

McLaren Automotive has unveiled a £500m investment programme to expand its UK manufacturing, engineering and operations, including a new vehicle assembly facility and the in-house development and production of engines and transmissions for the first time.

The investment will increase production capacity, accelerate development of next-generation vehicles and broaden McLaren’s model range, with the company also confirming plans for its first performance SUV alongside future supercar models

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Global CFOs sharpen focus on cash flow and see 'tangible benefits' from AI

Global CFOs are increasingly focusing on financial levers they can directly control as economic and geopolitical uncertainty persists, with cash flow, working capital and forecasting moving up the agenda, according to research from American Express

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Barratt Redrow lowers completions forecast despite strong performance

Barratt Redrow has lowered its completions expectations for the current financial year, despite its revenue increasing by 6.6% to just over £6bn in the year to 28 June

CMA launches review of McCormick-Unilever Foods deal

The Competition and Markets Authority (CMA) has formally launched a Phase 1 merger inquiry into McCormick & Company’s proposed acquisition of the majority of Unilever’s Foods business
Brave Bison ups offer for System1 to £47.5m

Brave Bison has made a fourth offer for System1, valued at £47.5m, after the marketing technology firm issued an "unequivocal rejection" of its previous offer
WH Smith shares unchanged following Q4 update

Shares in WH Smith remained relatively unchanged today despite the travel retailer reporting a “solid” Q4 revenue performance


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