Imperial Brands: Rizla-maker kicks off bumper buyback with £550m purchase October 6, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Rizla and Gauloises, said it would kick off a fresh £550m share buyback this morning after launching a new drive to reclaim shares yesterday.
Tim Martin: JD Wetherspoon boss in tirade against Covid lockdowns as pub chain swings to profit October 6, 2023 The boss of Wetherspoons has launched a tirade against the UK's Covid-era lockdown policies.
Retail woes continue as sunny September slows fashion sales October 6, 2023 September proved to be another tricky month for retailers, with growth up just 0.2 per cent on last year, hit by hot weather and the cost of living crunch. According to latest figures from the accountancy firm BDO, clothing retailers saw sales fall 3.4 per cent during the month, compared with a 6.7 per cent [...]
This™: Plant-based protein firm backs profitability despite fears UK’s appetite for vegan food is waning October 5, 2023 The boss of plant-based protein maker This™ has insisted the firm is on track for profitability, despite fears the appetite for vegan products is fading.
Student housing provider Unite names new chief executive October 5, 2023 Student housing provider Unite has announced that chief executive Richard Smith is stepping down after seven years leading the business. Smith, 49, will be replaced by Joe Lister, who has been chief financial officer since 2008. He will take the helm on 1 January. Smith’s tenure saw the company expand significantly, with 157 properties now [...]
Imperial Brands to deliver full-year guidance as it launches £1.1bn buy-back October 5, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Winston and Gauloises, has said it is on track to deliver its full-year guidance thanks to high prices of cigarettes and demand for tobacco alternatives. The cigarette company, which also makes Golden Virginia tobacco, said that strong pricing led by the rising costs helped offset historic [...]
Poundland and B&M deals for 100 Wilko stores facing collapse due landlord haggling October 4, 2023 The acquisition of 100 Wilko stores by B&M and Poundland could fall through, as the discount retailers attempt to negotiate more favourable terms with landlords. B&M, which acquired 51 Wilko stores, has been accused of delaying completing deals while it looks to set up new rent and lease arrangements and to renegotiate the terms in [...]
Topps Tiles reports record £263m sales as retailer shrugs off year of soaring inflation October 4, 2023 Topps Tiles reported a record year of sales this morning, outstripping pre-Covid figures as the group shrugged off continued inflationary pressure.
Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts October 4, 2023 Tesco raised its profit guidance for the year ahead to up to £2.7bn, as the Big Four grocery thanked a slew of price cuts for surging revenues in its interim results. Britain’s biggest grocer’s adjusted operating profit reached £1.48bn during the term, a 13.5 per cent leap when compared to the same period the prior [...]
Burger King still operating in Russia despite vow to quit 18 months ago October 3, 2023 Burger King is still operating in Russia despite a promise from its owner that it would cease operations in the country more than a year ago. Restaurants Brand International (RBI) – which owns 15 per cent of the fast food chains franchise business in Russia- told the BBC it had “no new updates to share [...]