Sports Direct’s Mike Ashley tees off in bidding war for American Golf October 5, 2018 Sports Direct owner and retail tycoon Mike Ashley is set to expand his business empire further, as it suggested he has tabled a bid for Britain's largest golf retailer American Golf. Ashley is among a number of interested parties in the American Golf takeover, including JD Sports Fashion, sources told Sky News. Deloitte, who is advising [...]
Intu shares soar nearly 30 per cent on John Whittaker takeover rumours October 5, 2018 Shares in property group Intu have rocketed nearly 30 per cent on rumours of a possible takeover from a consortium led by John Whittaker's Peel Group. The other investors led by the British billionaire include Canada's Brookfield Asset Management and Saudi Arabia's Olayan Group. Intu owns some of the UK's most well-known shopping centres, including the Trafford Centre [...]
Waitrose trials ‘in-home’ delivery service while you’re at work October 5, 2018 Waitrose is testing out a new service where it will put away your food shopping for you while you're out, enabling more customers to receive home deliveries during the work week. Using smart lock technology, customers will be able to grant access to Waitorise drivers by setting a temporary passcode which is then deleted once the [...]
Unilever’s board has now lost the Lynx effect with UK investors, a new era for spin city and a hand from above October 5, 2018 How ironic that one of the world’s great consumer marketing machines – responsible for brands like Lynx, Persil and Magnum – should be making such a hash of a sales pitch to its own investors. Unilever’s insistence that it remains “confident” of winning this month’s vote to scrap its British headquarters sounds more strained by the [...]
Hipsters rejoice! ‘Bold’ Brewdog beer buyers can bring Bitcoin to buy beverages by banks October 4, 2018 Beer- and Bitcoin-lovers who dedicate themselves to “breaking the status quo” have reason to celebrate, after hipster-friendly beer-makers Brewdog announced their new Canary Wharf branch will accept Bitcoin. Brewdog Canary Wharf, which opens later this month, will accept the cryptocurrency. The first 100 keen IPA fans through the door at noon on 19 October will [...]
DFS shares wobble after pre-tax profits almost halve in full-year results October 4, 2018 Sofa firm DFS said the summer heatwave caused profits to fall this year, despite an uptick in revenue, causing shares to tumble by an initial nine per cent before recovering in early morning trading. The figures Pre-tax profit was nearly cut in halve as it fell a massive 48.5 per cent in the 52 weeks up [...]
Greg Clark’s flawed and feeble remedy will fail to stamp out the late payment problem October 4, 2018 Brexit confusion, in-fighting, and leadership peacocking have marred both the Labour and Conservative Party conferences this year, but business secretary Greg Clark provided a glimmer of hope for SMEs this week. Large companies could be forced to nominate a board member to ensure that invoices are paid properly as part of a planned crackdown on [...]
Ted Baker share price slides as profits fall amid ‘challenging’ high street October 4, 2018 Profits dropped at fashion house Ted Baker today as it blamed “challenging trading conditions”, with no let up expected for the latter half of the year, sending shares sliding around 12 per cent in early morning trading. Read more: Moss Bros issues profit warning The figures Ted Baker saw profits before tax dip 3.2 per [...]
Brewdog raises £23m in latest crowdfunding round, falling short of its upper £50m target October 3, 2018 Brewdog will finish its fifth fundraiser having smashed its initial target, but fallen short of the company’s £50m upper limit. The crowdfunding round will close on 15 October having so far raised £23m, breaking the company’s previous record £19m fundraiser in 2016. Read more: Brewdog temporarily takes down parody porn site after backlash The brewery had [...]
John Lewis Partnership taps London startup CupClub for reusable cups trial October 3, 2018 John Lewis Partnership has announced a collaboration with London startup CupClub, which will see the subscription service trialled within the business. CupClub was selected alongside three other startups who were chosen from more than 100 applications to John Lewis Partnership's JLab retail innovation programme, which in this iteration was dedicated to reducing plastic waste. The London startup [...]