Canadian Center Parcs-owner increases dividend more than 500 per cent despite profit slipping September 16, 2018 The Canadian owner of Center Parcs increased the dividend it took out of the holiday park operator by more than 500 per cent last year, despite a slide in profits. Brookfield took £298m in dividends from Center Parcs last year, up from £45.8m the year before, its accounts show. Center Parcs was hit by the [...]
House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
Mike Ashley accuses Sports Direct shareholders of ‘stabbing him in the back’ September 14, 2018 Mike Ashley has accused Sports Direct shareholders of stabbing him in the back after the resignation of long-serving chair Keith Hellawell. In a strongly-worded statement, the founder and chief executive officer of the sports retailing giant today criticised shareholders for turning last week's annual general meeting (AGM) into a “media circus”. He said that shareholders had ceded [...]
Mike Ashley accuses Sports Direct shareholders of ‘stabbing him in the back’ September 14, 2018 Mike Ashley has accused Sports Direct shareholders of stabbing him in the back after the resignation of long-serving chair Keith Hellawell. In a strongly-worded statement, the founder and chief executive officer of the sports retailing giant today criticised shareholders for turning last week's annual general meeting (AGM) into a “media circus”. He said that shareholders had ceded [...]
Co-op profits soar after supermarket sells 180 pizzas for every minute of football during the World Cup September 14, 2018 Co-op's profits soared in the first half of the year after the supermarket sold more than 180 pizzas for every minute of football played during the World Cup. Sales increased to £5bn, up 10 per cent on the first half of 2017, also driven by its £143m acquisition of Nisa in May. Pre-tax profits almost [...]
Co-op profits soar after supermarket sells 180 pizzas for every minute of football during the World Cup September 14, 2018 Co-op's profits soared in the first half of the year after the supermarket sold more than 180 pizzas for every minute of football played during the World Cup. Sales increased to £5bn, up 10 per cent on the first half of 2017, also driven by its £143m acquisition of Nisa in May. Pre-tax profits almost [...]
Wetherspoon boss Tim Martin urges parliament to reject Chequers for free trade deal as annual profits soar September 14, 2018 JD Wetherspoon chief executive Tim Martin has urged parliament to vote against Theresa May's Chequers deal as his company posted a boost in annual profit thanks to this summer's heatwave. The colourful pub-chain chief executive and Brexit advocate said a free trade deal with the EU would be a "huge gain" for businesses and consumers [...]
Wetherspoon boss Tim Martin urges parliament to reject Chequers for free trade deal as annual profits soar September 14, 2018 JD Wetherspoon chief executive Tim Martin has urged parliament to vote against Theresa May's Chequers deal as his company posted a boost in annual profit thanks to this summer's heatwave. The colourful pub-chain chief executive and Brexit advocate said a free trade deal with the EU would be a "huge gain" for businesses and consumers [...]
Church of England will keep Amazon shares despite Archbishop criticism September 14, 2018 The Church of England will hold onto its Amazon stock even after the Archbishop of Canterbury accused the online retail behemoth of “leeching off the taxpayer”. Church commissioners disclosed that Amazon was one of the CoE’s 20 most valuable equity holdings in their annual 2017 report. But they will keep hold of their shares despite [...]