Make America Great Again: This is where you can buy Kenneth Bone’s red knit jumper October 10, 2016 Forget Donald or Hillary, Kenneth Bone was the stand-out star of the US Presidential Election debate last night. In a sometimes shocking debate, Bone was an instant hit on Twitter when he raised the tone with an intelligent question about the candidates' energy policies. Read more: In quotes: The most shocking moments from the US presidential debate [...]
William Hill shares lift more than six per cent in morning trading as FTSE 250 bookie bets on merger talks with Canada’s Amaya October 10, 2016 Shares in William Hill have lifted more than six per cent this morning as the market reacted to weekend news that the bookmaker is in talks with Canadian online gambling group Amaya. The companies are in early-stage talks for an all-share merger, which would create a £5bn "international leader across online sports betting, poker and casino", [...]
Just Eat cooks up £3.5m investment for Time Out associate tech group Flypay October 10, 2016 Takeaway giant Just Eat has funnelled a £3.5m investment into Time Out associate tech company Flypay. The mobile payment app is part of Time Out's strategy to monetise local businesses and plays an "important role" in its strategy to transform into a global multi-media and entertainment business. Time Out, which recently listed on London's junior market, will now [...]
BHS.com’s average order value jumps in its first week of trading October 9, 2016 Customers of BHS.com spent more on their individual orders in its first week of trading, a sign that the recently relaunched online retailer's strategy is paying off. BHS.com said that the average order value rose to £65 between the 29th September and 5th October, up from £50 on its old website before the company stopped trading. Read more: [...]
Ted Baker’s on track for a boost in pre-tax profits October 9, 2016 Brexit blues aren’t expected to hit Ted Baker’s stride anytime soon. The retailer is forecast to post six-month profits in the realms of £19m-£21m – up on £17m for the same time last year. Analysts at Exane BNP Paribas describe it as a brand with “growing desirability”, noting it has delivered stable, consistent growth for nearly 30 [...]
Fast sell-off could be on the cards for 1950s-style casual restaurant chain Ed’s Easy Diner October 8, 2016 Casual dining chain Ed's Easy Diner could imminently be sold off in a quickie sale for as little as £15m, according to reports. The hard-and-fast sale will probably take the form of a pre-pack administration could be announced in the coming days after the group suffered a trading slump over the summer, sources told The [...]
William Hill confirms it is in merger talks with Canadian online gambling group and PokerStars operator Amaya October 8, 2016 Bookmaker William Hill has confirmed it is in talks for an all-share merger worth around £5bn with Canadian online gambling group Amaya. A tie-up of the two groups would "create a clear international leader across online sports betting, poker and casino", William Hill said in a statement today. The bookie said discussions are "ongoing" and there can [...]
Drink up quick: Sterling drop is a “grave” concern for the wine industry which relies almost solely on imports October 7, 2016 Today's crash in the value of sterling may have left many of us wanting to drown our sorrows. But if you're a wine fan, you might want to drink up quick and make sure you stockpile too while you're at it. While Britain might have been dubbed the "beating heart" of the global wine trade, [...]
Government mulling crackdown on bingo adverts and promotions during sporting events in gambling industry clampdown October 7, 2016 The government is planning to expand a review of the gambling sector to include a major crackdown on betting industry advertising on daytime TV, according to reports. The Department for Culture, Media and Sports (DCMS) is looking to extend a review of controversial fixed-odds betting terminals to gambling ads in a bid to curb problem betting and [...]
Mars gobbles up Buffett’s stake in Wrigley chewing gum business October 6, 2016 Mars has bought billionaire investor Warren Buffett's minority stake in its subsidiary Wrigley, giving it full control of the chewing gum company. Buffett's Berkshire Hathaway bought into Wrigley in 2008, spending $2.1bn (£1.7bn) to help Mars buy Wrigley for $23bn. Berkshire had a 19.4 percent stake in the business, the Financial Times reported. Terms of the deal were [...]