Just Eat reported order growth of 36 per cent for 2016, but shares dropped eight per cent January 10, 2017 Just Eat today announced like-for-like orders grew 36 per cent in 2016, but shares in the company fell up to eight per cent in early trading. The share price was down 5.66 per cent to 550p at the time of publishing. The company said group reported growth, which includes orders from recent acquisitions in Mexico and Australia, reached 42 [...]
Supermarkets are leading the FTSE 100 after Morrisons’ stellar results January 10, 2017 Supermarkets are leading the FTSE 100 risers today after positive data on the sector's sales over Christmas – and a strong update from Morrisons. Morrisons' share price was up 3.64 per cent at time of writing after the Bradford-based grocer reported a 2.9 per cent jump in like-for-like sales for the nine weeks to 1 [...]
Five ways your drinking habits will change in 2017: Majestic Wine sets its predictions for the year ahead January 10, 2017 Announcing a Christmas season that pushed sales up 15.3 per cent, booze retailer Majestic Wine took the opportunity to polish up its crystal ball and make industry predictions for the year ahead…. 1. We'll start choosing English sparkling wine over champagne In 2016 UK winemakers experienced an exceptional harvest thanks to perfectly timed weather patterns, leading the industry to believe this year's [...]
Playtech gambles on strong results as it hires a new finance boss January 10, 2017 Gambling software provider Playtech today announced full-year results for 2016 are likely to be in line with expectations, as it named Ron Hoffman the new chief executive of its financials division. Hoffman, formerly the company's chief financial officer, had played a role in the company's management and acquisition transactions and its listing on Aim in 2006. Read more: Playtech [...]
Morrisons reported strong Christmas trading numbers this morning – here are the best reactions January 10, 2017 Morrisons is having a lovely morning, with shares up four per cent on news that the supermarket's sales growth over the Christmas period was at its strongest for seven years. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel, and said Morrisons.com had achieved its biggest ever week for sales in [...]
Majestic Wine feels the festive cheer as Christmas trading grows to record high January 10, 2017 A small downward revision in profit expectations was not enough to dampen the festive cheer for Majestic Wine, as the alcohol retailer announced sales during the vital Christmas period up year on year. Shares jumped by more than five per cent on Tuesday morning before paring to just below a three per cent gain at [...]
Supermarkets had a record Christmas – but prices are rising January 10, 2017 Supermarkets had a record Christmas period in 2016, with sales growing at their fastest rate since June 2014, but prices are finally starting to rise following the Brexit vote. The latest figures from Kantar Woldpanel show that sales were up 1.8 per cent for the 12 weeks ending 1 January. Consumers spent nearly half a billion pounds [...]
It was a very merry Christmas for Morrisons with sales up 2.9 per cent January 10, 2017 Morrisons today revealed that sales in the nine weeks to 1 January were the strongest the supermarket has seen for seven years – and it's raised its expectations for full year profits. The group's shares jumped 4.5 per cent at the open. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel – with [...]
Boohoo sets the online shopping trend to start the New Year January 10, 2017 Boohoo.com has ended 2016 on a high and looks set to continue the form into the New Year, with the online clothing retailer reporting strong increases in revenues and raising its revenue guidance for the start of this year. The figures Revenues grew 55 per cent, with growth in America particularly impressive: US revenues increased by [...]
Consumers wasted a whopping £13bn of edible food in 2015 January 10, 2017 Consumers threw out £13bn – 7.3m tonnes – worth of perfectly edible food in 2015. That generated 19m tonnes of carbon emissions, equivalent to those generated by one in four cars on UK roads, according to food waste reduction charity Wrap. However, 60 per cent of us believe we waste either no food or hardly any. Wrap has built off its work with [...]