Escape Hunt finds it tough to break out of losing streak as profits fall September 18, 2018 Escape room sector heavyweight Escape Hunt reported declining profits in its interim results as the company works to build up resources in its head office. The figures Escape Hunt, which runs escape room experiences including an upcoming Doctor Who themed room, said revenue soared in the last year from £193,000 to £800,000. But gross profit [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]
Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]
Nestle to flog off insurance unit Gerber Life in $1.55bn deal September 18, 2018 Nestle has agreed a deal to sell its Gerber Life Insurance unit to insurer Western & Southern Financial for $1.55bn (£1.2bn). The food giant, which has seen sales slide as consumers shift towards healthier foods, had been looking at offloading underperforming brands in its portfolio, and plans to buy and launch new products to address the [...]
Nestle to flog off insurance unit Gerber Life in $1.55bn deal September 18, 2018 Nestle has agreed a deal to sell its Gerber Life Insurance unit to insurer Western & Southern Financial for $1.55bn (£1.2bn). The food giant, which has seen sales slide as consumers shift towards healthier foods, had been looking at offloading underperforming brands in its portfolio, and plans to buy and launch new products to address the [...]
Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
Former BHS boss Chappell begins pensions conviction appeal September 17, 2018 Former BHS owner Dominic Chappell was today accused of trying to “muddy the waters” in his appeal against a conviction for failing to provide information to the UK’s pensions watchdog about a hole in BHS’s pensions scheme. Prosecutors told the court that Chappell’s appeal was a “cynical attempt to rewrite history”, the Financial Times reported. [...]