Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,523.33
    -1,623.46 (-3.24%)
     

  • CMC Crypto 200

    1,261.13
    -96.88 (-7.13%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Electra to buy Hotter Shoes for 200 mln stg

Reuters - UK Focus

Jan 19 (Reuters) - Private equity firm Electra Private Equity Plc will acquire footwear retailer Hotter Shoes in a deal valued at 200 million pounds, The Telegraph reported on Sunday.

The shoe company, which was founded in 1959 as Beaconsfield Footwear, had hired investment bank Rothschild early last year to explore strategic options for the business.

The private equity firm Gresham-backed retailer is British Electra (Tel Aviv: ELTR.TA - news) 's first acquisition of the year.

Electra spent a record amount of money on deals during 2013 and realised a record amount from its investments. It invested 337 million pounds in the 12 months to end-September, up from 150 million pounds in the previous year, and realised 459 million pounds.

Electra and Rothschild were not immediately available for comment.