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BusinessEvening StandardSuperdry to quit stock market as part of shake-up plans
Superdry today launched a restructuring plan aimed at saving the once mighty brand which will see it raise cash and slash rents. It will delist from the stock market as part of the plan, which should give it time away from the glare of daily scrutiny of its battered share price. Superdry shares have crashed from more than 500p five years ago to just to 8p today, which leaves the equity valued at less than £8 million.
BusinessEvening StandardFTSE 100 Live 16 April: UK unemployment in surprise jump to 4.2%, shares to slump after US sell-off
The FTSE 100 is set to open much lower after a sell-off in the US yesterday evening. Meanwhile, unemployment and wages figures will be closely watched, as the bank of England hopes to see wage growth moderating. World-famous diner chain TGI Fridays is at the centre of a £177 million deal in which one of its franchisees will acquire a major stake in the owner of the brand.
BusinessPA Media: MoneyUK unemployment rate jumps by more than expected in cooling jobs market
The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January.
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