Another adviser warns JD Sports shareholders on chairman’s pay June 19, 2021 Another leading adviser has added its name to group urging JD Sports shareholders to look at bonus payments for bosses, despite the retailer refusing to repay government support. Adviser IVIS has warned shareholders over votes on bonus payments and its future remuneration policy, Sky News first reported. Advisory service Glass Lewis has already issued [...]
Boohoo’s Carol Kane staves off investor revolt at AGM to win overwhelming shareholder backing June 18, 2021 Boohoo co-founder Carol Kane has avoided a feared investor revolt to oust her as a director today, instead winning overwhelming shareholder support. Some 88 per cent of Boohoo shareholders voted in favour of Kane continuing in her role as an executive director at the company at today’s general meeting. Prior to the AGM, there were [...]
Tesco bags over £10bn in sales as customers still favour home cooking June 18, 2021 Supermarket giant Tesco has taken in over £10bn in UK sales over the last quarter, with customers still in the habit of home cooking over restaurant dining as restrictions gradually lift. The UK, the chain’s main market, brought in a slight 0.5 per cent lift to sales in the 13 weeks to 29 May, in [...]
Sports Direct to expand into Europe June 18, 2021 Sports Direct will expand into major UK and European, in part to take on rival JD Sports. Michael Murray, head of elevation at parent company Frasers, said Sports Direct would expand via both acquisitions and “incremental opportunities” to help built its presence at home and abroad, the Financial Times first reported. “We have a strong [...]
Starbucks UK plummets to £41m loss after year of Covid restrictions June 18, 2021 Starbucks has recorded a loss of £41m in the year to September 2020, after Covid restrictions forced it to shut branches and limit typical trading activity. The coffee chain saw revenues fall to £243m, according to a Companies House report, down 32.7 per cent, largely due to heavy restrictions imposed on the business throughout much [...]
Euros tied with summer sun sees booze sales soar across the UK June 18, 2021 Alcohol sales in the UK have skyrocketed during the Euros, as sunny weather spurred fans to splash the cash on booze, according to data from PayPoint. Sales data from PayPoint’s network of 28,000 retailers found that over the weekend the Three Lions played their first fixture against Croatia, alcohol sales climbed 11 per cent in [...]
Elephant and Castle to welcome back beloved pink elephant statue next weekend June 18, 2021 Elephant and Castle is to see the return of its beloved elephant statue next weekend after it was taken down for restoration. The statue, a replica of the one that stood above the Elephant and Castle pub from 1898 to 1959, was taken down earlier this year from outside the recently demolished shopping centre. The [...]
Tesco grapples with Brexit-driven lorry driver shortage June 18, 2021 Tesco is “working hard” to address a shortage of HGV drivers, the supermarket’s boss revealed in a call today following its quarterly results. “In terms of labour availability, we’ve seen some shortage specifically in HGV drivers, but we’re working really hard to address that,” Ken Murphy said in the post-results phone call this morning. “We’ve [...]
Kerry Group to sell Richmond manufacturing business to Pilgrim’s Pride for €819m June 18, 2021 Kerry Group has agreed to sell its Meats and Meals business in the UK and Ireland, which manufacturers Richmond sausages and Fridge Raiders, to American corporate Pilgrim’s Pride for €819m. The Meat and Meals side of Kerry Group’s business manufactures meat snacks, food-to-go and meat-free products. In its last financial year, the business made a [...]
Meat industry cuts production amid Brexit-driven staff shortages June 17, 2021 Labour shortages caused by post-Brexit immigration rules mean the UK meat industry has had to cut production, warning that without change it could soon be unable to fulfil orders. Production in the meat industry had fallen by around 10 per cent since Easter because of worker shortages across farming and processing, the British Poultry Council [...]