Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss January 11, 2021 Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss
British Land ‘bruised but not broken’ despite collecting less than half of rent from UK retailers January 11, 2021 British Land will emerge from the pandemic intact despite collecting less than half the rent it is owed for December, according to a City analyst.
Ocado sounds alarm on product availability as supermarket shelves stand empty January 11, 2021 Ocado has warned that the availability of some products is being impacted by coronavirus-related staff absences in its supply chain. With more staff off sick or forced to isolate some grocery suppliers are having to consolidate their lines. “Staff absences across the supply chain may lead to an increase in product substitutions for a small [...]
New year, same lockdown: UK shopping trips fall 27 per cent in first week of January January 11, 2021 New year, same lockdown: UK shopper numbers fall 27 per cent in first week of January
JD Sports shares pop as firm raises profit outlook January 11, 2021 Sportswear giant JD Sports saw its shares rise 4.6 per cent this morning after the firm announced that full-year profit would “significantly ahead” of estimates. In a trading update, the FTSE 100 firm said that “robust” sales during the pandemic would see it come in ahead of the £295m forecast. That’s despite the fact the [...]
Ladbrokes owner CEO to leave after just seven months for DAZN January 11, 2021 Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]
Dr. Martens gearing up for stock market float January 11, 2021 Dr. Martens is readying itself for an IPO, and hoping to trade on the main market of the London Stock Exchange after more than 60 years in business. The iconic footwear brand has engaged Goldman Sachs and Morgan Stanley as join global co-ordinators, and Barclays, HSBC, Merrill Lynch and RBC Europe as joint bookrunners in [...]
Sleep-tech firm Simba hails new dawn amid pandemic sales boom January 10, 2021 Rising online sales during the pandemic propelled “sleep-tech” firm Simba back into the black last year, the company announced today. Chief executive Steve Reid hailed today hailed the firm’s “remarkable turnaround” as it booked £100m in sales in 2020. The rapid growth, which will pocket Simba £3m in profit, came on the back of three [...]
Trump tie-making firm enters race for Arcadia assets January 10, 2021 A US clothing firm with links to the Trump family has emerged as a bidder for the pieces of Sir Philip Green’s Arcadia retail empire. The Telegraph reported that G-III Apparel had become the latest company to throw its hat into the ring for brands such as Topshop and Dorothy Perkins. The New York company [...]
MGM’s biggest shareholder backs offer for Ladbrokes owner Entain January 8, 2021 Casino operator MGM’s biggest shareholder InterActiveCorp (IAC) has backed its £8bn bid for Ladbrokes owner Entain. In a statement MGM said IAC considers the offer to be “compelling” and believes the deal would “position the combined company as a pure play omni-channel global leader in gaming and entertainment”. Earlier this week Entain, which also owns [...]