Sugar business misses the sweet spot as eyes turn to Primark November 6, 2018 Primark has today been pinned as next year's source of growth for its owner Associated British Foods (ABF), which is looking to fill a gap left by falling profits from its sugar arm. ABF is hoping that expansion of Primark’s selling space will help deliver expected earnings per share next year, in a bid to [...]
Greene King boss to step down after 14 years in charge of brewer November 6, 2018 The chief executive of Greene King, Rooney Anand, is set to leave his role at the end of the financial year after 14 years in the job, the company announced today. Anand, who has led the pub chain and brewer since 2005, will step down in April 2019. Greene King said it has already begun the [...]
William Hill predicts lower profit for 2018 as regulation offsets US expansion November 6, 2018 Betting firm William Hill today predicted lower full-year profits for 2018, despite efforts to take advantage of the legalisation of sports gambling in many states in the US. Operating profit is predicted to come in between £225m and £245m by the end of the year, compared to operating profit of £291.3m for 2017. The firm's [...]
Morrisons reports rising sales despite slowdown after summer of hot weather and World Cup November 6, 2018 Sales at Morrisons climbed more than five per cent in the third quarter of 2018, although the supermarket chain reported an expected slowdown in growth after a bumper summer bolstered by hot weather and the World Cup. Shares fell more than four per cent in early morning trading. Morrisons posted a 5.6 percent rise in quarterly [...]
German budget supermarket chain Lidl boosts wages for UK employees November 6, 2018 German budget supermarket Lidl will boost wages for thousands of its workers in the UK, it said yesterday. Lidl said entry-level wages will increase from £8.75 an hour to £9 an hour outside of London and from £10.20 to £10.55 an hour within the capital. The increase will come into effect from 1 March next year, [...]
Here’s where Crawshaw’s 35 butchers shops are closing down November 5, 2018 The locations of the 35 Crawshaw butchers stores that will be closed have been revealed by administrators following this morning's announcement that 354 workers would be made redundant. Administrators at EY announced the closure of mainly high street branches as they begin the search for a buyer for the remaining 19 stores that are continuing to trade. EY [...]
Ferrari profits rise but Italian stallion won’t change gear on full-year guidance November 5, 2018 Profits at supercar manufacturer Ferrari rose almost five per cent in its third quarter, however the firm stuck to its full-year earnings guidance. The lack of an upgrade caused its share price to fall more than three per cent on the New York Stock Exchange in the first hour of trading this afternoon. Shareholders were [...]
Zizzi Salisbury branch made famous by Skripal attack to reopen tomorrow November 5, 2018 The Salisbury Zizzi branch that found itself at the heart of a suspected Russian plot to poison former spy Sergei Skripal and his daughter in March will reopen tomorrow. The quiet Cathedral city was thrust into the international spotlight after former Russian spy Skripal and his daughter Yulia were found slumped on a bench outside the restaurant [...]
DEBATE: Will Ikea’s new small store format in urban centres help save the high street? November 5, 2018 Will Ikea’s new small store format in urban centres help save the high street? Adrian Moorhouse, managing director of Lane4, says YES. Ikea’s experiment with smaller city centre stores is a great example of a brand evolving to stay connected to its customers, by accommodating the changing ways in which people both live and shop. As a lot [...]
More than 350 jobs lost as Crawshaw Group enters administration and shutters 35 stores November 5, 2018 More than 350 jobs will be lost after Crawshaw Group shutters 35 stores and a distribution centre, it was revealed this morning, as the butchers announced it has appointed administrators. Administrators from EY have been hired to sell off the listed firm’s assets over the next few weeks, and a total of 354 workers have been made [...]