Greggs picks Just Eat over Deliveroo for nationwide delivery roll out January 15, 2020 Greggs has chosen to partner with Just Eat as it expands its food delivery option nationwide, in a boost for the takeaway app over rival Deliveroo. The high street bakery chain was weighing up both food delivery companies following successful trials in several cities last year. This morning Greggs said it had opted to work [...]
Quiz Christmas sales drop after bumper Black Friday January 15, 2020 Fast fashion brand Quiz reported a “disappointing” drop in sales over the crucial Christmas trading period, as both online and in-store revenue declined despite a strong Black Friday performance. The retailer’s share price plunged 13.61 per cent this morning after it revealed that group revenue plunged 9.3 per cent, dragged down by a 14.8 per [...]
Ten Entertainment sales jump after bowling alley investment January 15, 2020 Tenpin owner Ten Entertainment reported a jump in sales last year following investment in bowling alley refurbishments and new technology. Total sales growth for the year was 10.2 per cent for the year, with like for like sales jumping eight per cent to £84.1m in 2019 in the company’s eighth consecutive year of growth. Read [...]
Mike Ashley’s Frasers Group urges PM to reform business rates system January 14, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has written to the Prime Minister to ask him to urgently review the business rates scheme. In a letter to Boris Johnson, Frasers Group finance chief Chris Wootton urged the government to reform the transitional relief system, which he said results in some stores “paying the [...]
Ex-BHS owner Dominic Chappell ordered to pay £9.5m into pension scheme January 14, 2020 Former BHS owner Dominic Chappell has been ordered to pay £9.5m into the collapsed department store’s pension schemes. The Pensions Regulator (TPR) announced today that Chappell’s acquisition of BHS, the appointment of inexperienced board members and the implementation of an “inadequate” business plan were detrimental to the company’s pension schemes. Read more: BHS buyer Chappell [...]
Boohoo hikes guidance after ‘record’ quarter January 14, 2020 Boohoo raised its full-year guidance this morning as it reported record trading during the final quarter of last year. The online fashion retailer’s shares jumped more than five per cent after it announced group revenue in the four months to 31 December was £473.7m, an increase of 44 per cent compared to the same period [...]
888 Holdings’ finance chief steps down after 15 years January 14, 2020 The finance chief of 888 Holdings is set to step down after 15 years with the gambling company. The online betting platform announced this morning that Aviad Kobrine will leave his role as chief financial officer this year. Read more: 888 Holdings reports first half profit dip Kobrine, who joined the firm in 2004 and [...]
Gambling firms’ shares slide following credit card ban January 14, 2020 Shares in several major gambling companies have fallen this morning after the industry watchdog announced it would ban betting using credit card deposits. The ban, which comes into effect from April, covers all online and offline betting, with the exception of “non-remote” lotteries including the National Lottery. Read more: Watchdog to introduce credit card gambling [...]
Watchdog to introduce credit card gambling ban from April January 14, 2020 The gambling watchdog today confirmed it will ban the act of betting with credit card deposits from April. The block will target all online and offline betting to clamp down on problem gambling, apart from “non-remote lotteries” like the National Lottery, where payments are taken face to face. “The ban that we have announced today [...]
Just Eat buyer Takeaway.com’s orders soar in fourth quarter January 14, 2020 Takeaway.com, the Dutch food delivery platform that has been cleared to buy British firm Just Eat for £5.9bn, reported that orders soared in the fourth quarter of the year. The company, which received shareholder backing to acquire Just Eat last week, said orders were up 56 per cent to 46,576, driven by growth of 137 [...]