Sports Direct and JD Sports join the race for Evans Cycles October 3, 2018 JD Sports Fashion and Sports Direct have taken up seats at the bidding table alongside Halfords for beleaguered firm Evans Cycles. Both sporting retail powerhouses have tabled indicative offers for Evans in the last week, Sky News first reported late last night. The bids come in addition to an offer from Britain's biggest bike firm [...]
The Gym Group appoints former Tesco and Asos finance director as chief financial officer October 3, 2018 Low-cost exercise chain The Gym Group has appointed former Tesco director Mark George as its chief finance officer. George was most recently the deputy at car dealing company Auto Trader and has also held senior finance positions at Tesco and fashion house Asos. He will join The Gym Group at the end of the month. Gym Group chief executive [...]
Topps Tiles shares go through the roof as full-year profits race ahead of expectations October 3, 2018 Topps Tiles shares are soaring ahead this morning after it said pre-tax profits for the year would be at the top end of market expectations. Shares in the tiling business rose as much as 11 per cent and are now are trading 10 per cent higher. A trading update said adjusted revenues for the 52 weeks up [...]
Tesco share price falls despite taking the fight to supermarket rivals with rising revenues October 3, 2018 Tesco aimed to cement its status as the UK’s largest supermarket today with rising revenue and operating margins as it fights off competition from merging rivals and cheaper competitors. However, shares fell more than seven per cent in morning trading as the retailer missed a key profit metric. The figures The retail giant posted a 13 [...]
Aston Martin stutters on stock market debut as shares fall October 3, 2018 Luxury car maker Aston Martin has had a slow start to its life as a listed company as shares dipped as low as £17.75 this morning after debuting at £19 a share. It original listing valued the firm at around £4.33bn, falling short of the £5.1bn Aston Martin aimed to reach when it set out an initial pricing [...]
Theresa May will freeze fuel duty as Conservatives look to limit cost of living increases on working families October 3, 2018 Fuel duty will be frozen for the ninth year in a row, Prime Minister Theresa May will say in her speech to Conservative party conference in Birmingham today, in a populist pitch to working families. May's speech, in which she'll hope to steal back the lime-light from former foreign secretary Boris Johnson, will also set [...]
Pret a Manger has work to do in the wake of customer allergen death October 2, 2018 In recent days, an inquest heard about the tragic case of Natasha Ednan-Laperouse, a 15-year-old who died after suffering an allergic reaction to a Pret a Manger sandwich while on board a flight to Nice. Her death came after she ate a baguette containing sesame seeds – an allergen not listed on the wrapper – [...]
Former Stobart boss reduces stake in company after being sacked in boardroom bust up October 2, 2018 Former Stobart Group chief executive Andrew Tinkler has reduced his stake in the company after being sacked over a boardroom bust up earlier this year. Tinkler, who was fired from the board after an unsuccessful attempt to topple chairman Iain Ferguson in July, has sold part of his 7.7 per cent stake in £800m infrastructure [...]
Soho House boss says second City of London venue has not been ruled out October 2, 2018 The boss of private members club chain Soho House said the company had not ruled out opening a second venue in The City following the success of The Ned, as the business reported boosted revenue in its 2017 results. Chief executive Nick Jones, who founded the original venue in Soho's Greek Street in 1995, told City A.M. that [...]
‘End Brexit psychodrama’ – Chamber of Commerce chief pleads with the Tories October 2, 2018 The Tories must end their Brexit "pyschodrama" and focus on making the economy "fighting fit", the head of the British Chambers of Commerce has warned. Speaking to City A.M. on the eve of Theresa May's speech to her party conference, BCC director general Adam Marshall pleaded with the government to focus attention on other problems [...]