Heineken is in talks to acquire Brasil Kirin, Brazil’s second-largest brewer January 20, 2017 Dutch brewing giant Heineken confirmed today it is in talks to purchase Brasil Kirin, Brazil’s second-largest brewer. Japan's Nikkei newspaper reported Heineken will pay around 100bn yen (£705.5m) for the business. Kirin said the report was not based on any comments made by the company. "These discussions are ongoing and there can be no certainty that [...]
Here are six things we learned about the travel industry from the latest ONS figures January 19, 2017 On the back of reports that the UK's travel industry is facing choppy waters in the year ahead, the Office for National Statistics (ONS) today released figures on how the sector stacked up over the period from July to September 2016. Here are the most interesting things we learned. 1. North Americans are showing a growing interest in Britain [...]
In the doghouse? Pets at Home shares fall on softer merchandise sales January 19, 2017 Pets at Home's latest update announced "softer than anticipated" merchandise sales – knocking its share price down more than nine per cent, at the time of writing, to 216.40p. The figures Group revenue rose 4.4 per cent to £203.7m, though merchandise revenues were flat at £177.4m. The growth was propelled by its services business (including veterinary practices [...]
Halfords share price jumps as investors are rewarded following its spending spree January 19, 2017 Halfords pumped-up its share price by over nine per cent this morning after delivering a podium performance from its retail division and rewarding investors with a special dividend. The figures In the firm's third quarter trading update, group like-for-like revenue for the 15 weeks to December was up 11.4 per cent. Retail performed well, growing by seven [...]
After strong Christmas trading, Revolution Bars expects to hit its financial targets January 19, 2017 Revolution Bars said cheers to Christmas sales as it anticipates half-year results to 31 December will fall in line with the board's expectations. The figures In a trading update today ahead of its half-year results, the operator of 66 premium bars across the UK said like-for-like sales were up two per cent, while overall sales – [...]
Legendary Entertainment’s chief executive has stepped down to be replaced with a Dalian Wanda insider January 19, 2017 Legendary Entertainment's chief executive Thomas Tull told Reuters today he would step down from the business. The Hollywood studio was bought at the start of last year by Chinese conglomerate Dalian Wanda for $3.5bn (£2.8bn), and now Wanda insider Jack Gao is set to take the top job. Legendary, which has brought films like Jurassic World, The Hangover and [...]
This is the most popular brand in the UK (and it’s not even from here) January 19, 2017 Aldi and Lidl have topped YouGov's ranking for the most popular British brands, beating well-heeled rivals John Lewis and Marks & Spencer. Every week last year YouGov asked a group of consumers whether they had heard good or bad news about the biggest brands in Britain – and the German immigrants came out on top. Read more: Aldi bags [...]
Burberry reports increased retail revenue in third quarter but growth in Americas declines January 18, 2017 Burberry said today its revenues had increased in the three months to 31 December, and it welcomed a return to growth in Asia. The figures Retail revenue was up four per cent on an underlying basis, to £735m, while like-for-like sales went up three per cent. The group said £77m of its £150m share buyback programme [...]
City Pub Company guzzles Christmas sales as it prepares to float this year January 18, 2017 City Pub Company has raised a toast to this Christmas after it nearly doubled like-for-like sales over the five-week festive period. The figures The pub owner and operator said sales for the period to 1 January were up 47 per cent compared with the previous year, while sales for the whole of 2016 were up 37 per cent. It also bagged [...]
Game Digital shares drop after sales fall and cash burn January 18, 2017 Shares in Game Digital flopped over three per cent this morning after the firm revealed "tough" trading in the UK had hit sales. The figures Like many other retailers, Game focuses on its gross transactional value (GTV): effectively the value of sales before any discounts are applied. Reporting its half-year numbers to the end of December, Game [...]