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(Alliance News) - The Financial Reporting Council on Thursday said it has begun an investigation into Ernst & Young LLP's audit of Made.com Group PLC's results for 2021.
Read more(Alliance News) - Next PLC on Wednesday said it has agreed to buy assets of failed furniture seller Made.com out of administration.
Read more(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.
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(Sharecast News) - Clothing and homeware retailer Next has agreed to buy Made.com out of administration for £3.4m.
Read more(Sharecast News) - High-street stalwart Next and Mike Ashley's Frasers Group were reported to be among the frontrunners looking to rescue the teetering online furniture retailer Made.com Group over the weekend.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Sharecast News) - Online furniture retailer Made.com had its shares suspended from trading on Tuesday morning, as its announced its intention to call in the administrators.
Read moreMade.com Group PLC - London-based furniture retailer - Ends formal sale process, as determines "there is no reasonable prospect that an offer" will be made for the company. Says no longer in an offer period as a result. On Wednesday, operating subsidiary Made Design Ltd stopped taking new customer orders "in order to preserve value for [Made] creditors". On Tuesday, shares had dropped by 90% after Made said it is "no longer in receipt of funding proposals or possible offers" to buy the company, as discussions with potential suitors hadn't proceeded quickly enough.
Read more(Sharecast News) - Online furniture retailer Made.com announced the termination of its formal sale process on Thursday morning, given it was no longer in receipt of any possible offers.
Read moreMade.com Group PLC - London-based furniture retailer - Operating subsidiary Made Design Ltd stops taking new customer orders, after talks for a funding or takeover offer fail. Made says the suspension is temporary and remains under review. The decision is taken "in order to preserve value for [Made] creditors", as MDL is reliant on the parent for funding. "The board of Made will continue to look to preserve value for its creditors and shareholders in light of this decision," it says on Wednesday. The day before, shares dropped by 90% after Made said it is "no longer in receipt of funding proposals or possible offers" to buy the company, after discussions didn't proceed quickly enough.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
Read more(Sharecast News) - Troubled online furniture retailer Made.com has suspended new customer orders a day after talks on a rescue sale collapsed and shares in the company were suspended.
Read more(Sharecast News) - Shares in online furniture firm Made.com were suspended late on Tuesday as the company revealed that talks to secure a rescue sale have collapsed.
Read more(Alliance News) - Stocks in London edged marginally lower Tuesday, underperforming European peers, as sterling pushed higher after new UK Prime Minister Rishi Sunak promised to steer Britain back towards financial stability.
Read more(Alliance News) - Made.com Group PLC shares tumbled as it said talks with possible suitors fell through, with the sofa seller now edging precariously closer to collapse.
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