Home Money BUSINESS LIVE: Shop price inflation eases; Sainsbury’s sales rise; Shoe Zone cuts profit forecast

BUSINESS LIVE: Shop price inflation eases; Sainsbury’s sales rise; Shoe Zone cuts profit forecast

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BUSINESS LIVE: Shop price inflation eases; Sainsbury's sales rise; Shoe Zone cuts profit forecast

Companies reporting and trading updates today include Sainsbury’s, Shoe Zone, Capita, Craneware and Checkit.

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Couple pocket £2bn in deal with Blackrock to sell data firm Preqin

The husband and wife team behind data group Preqin are set to join the ranks of Britain’s richest people after agreeing to sell to Blackrock for £2.55bn.

Mark and Lindy O’Hare, who own 80 per cent of the business through a family holding company, will make a £2bn windfall when the deal is completed.

Meme stock brokerage Roaring Kitty sued over GameStop stock craze

The famous meme stock investor known as Roaring Kitty has been sued for allegedly orchestrating a “pump and dump” scheme involving an American video game retailer.

In a proposed class action lawsuit filed late last week, GameStop shareholder Martin Radev claimed that Keith Gill was trying to manipulate the stock for his own benefit.

1719905781 441 BUSINESS LIVE Shop price inflation eases Sainsburys sales rise Shoe

Boeing buys back supplier Spirit in £3.7bn deal amid safety fears

Boeing has agreed to buy an aerospace supplier in a £3.7bn deal as it tries to contain its ongoing safety crisis.

The scandal-hit airline said the acquisition of Spirit AeroSystems was in the “best interests” of its passengers.

1719905781 309 BUSINESS LIVE Shop price inflation eases Sainsburys sales rise Shoe

Borrowing costs in France rise after Marine Le Pen’s election victory

Borrowing costs rose across Europe yesterday after Marine Le Pen crushed Emmanuel Macron in the first round of parliamentary elections in France.

The yield on French 10-year government bonds – a key measure of how much it costs the state to borrow – hit 3.35 percent for the first time since November last year.

1719905782 424 BUSINESS LIVE Shop price inflation eases Sainsburys sales rise Shoe

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