Unilever shareholder threatens to vote down Dutch headquarter move September 17, 2018 Unilever's plan to move its headquarters from London to the Netherlands and be removed from the FTSE 100 was sharply criticised by a top shareholder today. Top 20 investor Aviva, which holds around a 0.6 per cent stake in the company, said it would vote against the move, which requires 75 per cent of shareholders to be passed. Read more: [...]
Slug and Lettuce owner toasts World Cup and Be At One acquisition after record quarter September 17, 2018 Slug and Lettuce owner Stonegate has reported a record a quarter due to the World Cup and said growth would continue after acquiring a portfolio of Be At One cocktail bars. The company, which also owns Walkabout and Yates said it sold 4.5m pints over the course the tournament, with a peak of 367,000 during [...]
Slug and Lettuce owner toasts World Cup and Be At One acquisition after record quarter September 17, 2018 Slug and Lettuce owner Stonegate has reported a record a quarter due to the World Cup and said growth would continue after acquiring a portfolio of Be At One cocktail bars. The company, which also owns Walkabout and Yates said it sold 4.5m pints over the course the tournament, with a peak of 367,000 during [...]
Amazon launches investigation into claims employees accept bribes for leaked data September 17, 2018 Online retailer Amazon is to conduct an investigation into claims that some of its employees have been accepting bribes for exchanging confidential sales data. The Wall Street Journal reported that employees are allegedly selling information on sales and searches to independent merchants using its platform, as well as deleting negative reviews, with the aim of [...]
Amazon launches investigation into claims employees accept bribes for leaked data September 17, 2018 Online retailer Amazon is to conduct an investigation into claims that some of its employees have been accepting bribes for exchanging confidential sales data. The Wall Street Journal reported that employees are allegedly selling information on sales and searches to independent merchants using its platform, as well as deleting negative reviews, with the aim of [...]
Moo-ving forward: Dairy Crest on track for full-year targets as Cathedral City and Clover brands milk revenues September 17, 2018 Dairy Crest said today it was milking revenues that are ahead of last year thanks to the success of its popular cheese and margarine brands. Ahead of its interim results on 7 November, the company said strong growth for its Cathedral City and Clover brands had boosted business. Profit is expected to be "slightly ahead" of [...]
Moo-ving forward: Dairy Crest on track for full-year targets as Cathedral City and Clover brands milk revenues September 17, 2018 Dairy Crest said today it was milking revenues that are ahead of last year thanks to the success of its popular cheese and margarine brands. Ahead of its interim results on 7 November, the company said strong growth for its Cathedral City and Clover brands had boosted business. Profit is expected to be "slightly ahead" of [...]
Boohoo snaps up Primark exec John Lyttle as new chief executive September 17, 2018 Online retailer Boohoo has announced it has snapped up Primark's chief operating officer John Lyttle to be its new chief executive. Lyttle will take on the role from 15 March 2019. Over his eight years at Primark, Lyttle oversaw a turnover growth of 158 per cent to £7bn, and has boosted operating profit by 116 per [...]
Boohoo snaps up Primark exec John Lyttle as new chief executive September 17, 2018 Online retailer Boohoo has announced it has snapped up Primark's chief operating officer John Lyttle to be its new chief executive. Lyttle will take on the role from 15 March 2019. Over his eight years at Primark, Lyttle oversaw a turnover growth of 158 per cent to £7bn, and has boosted operating profit by 116 per [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]