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 [...]
Warhammer creator Games Workshop shares hit record high after bumper first half January 14, 2020 Games Workshop shares hit a record high this morning after it enjoyed rising profits over the first six months of the financial year. In a continuation of the success which has driven its share price up more than 1,000 per cent over the last five years, the Nottingham-based company behind the Warhammer game series said [...]
DFS sales slump but retailer reassures on profit January 14, 2020 Furniture retailer DFS reported a dip in sales in the second half of the year following “subdued” trading in August and September. The company said gross sales were down six per cent in the 26 weeks to 29 December, “reflecting a challenging consumer environment”. Read more: Sofa retailer warns fewer house sales will impact trading [...]
Department store Beales in crisis talks to stave off collapse January 13, 2020 Struggling department store chain Beales is in crisis talks with potential buyers in an effort to stave of a collapse that could cost hundreds of jobs. The talks come after the Bournemouth-based firm yesterday filed notice of its intention to appoint administrators to step in as a last resort if the firm cannot cannot be [...]
Troubled airline Flybe insists flights continue as normal amid survival funding talks January 13, 2020 Flybe’s chief executive today pleaded with employees not to give away details of its financial situation, as the struggling airline remained tight-lipped on reports that it is hurtling towards collapse today. Europe’s biggest regional carrier was rocked by suggestions that it is in a fresh battle for survival on Sunday night, less than a year [...]
Lululemon raises profit outlook after strong Christmas trading January 13, 2020 Exercise clothing retailer Lululemon raised its profit outlook today after a strong sales performance over the important Christmas trading period. Shares in the retailer jumped around two per cent in early trading this morning after it announced that profit per share for the quarter to 2 February is expected to be $2.22 to $2.25. Read [...]
Superdry’s share price decline continues after profit warning January 13, 2020 Superdry’s share price continued to dive today after the embattled retailer issued a profit warning last week following weak sales over the crucial Christmas trading period. The fashion chain’s shares dropped more than eight per cent this morning to 401.2p, before recovering slightly in the afternoon to 412p. Read more: Superdry shares plunge as it [...]
Harrods security guards vote on strike action January 13, 2020 Harrods security guards have begun to ballot for strike action today following a dispute between union members and management over pay. Members of Unite will decide whether to launch industrial action over a below inflation pay rise and unpaid work. Read more: Man charged with murder for fatal Harrods stabbing The union said members are [...]
City Pub Group warns 2019 profit will miss expectations January 13, 2020 The City Pub Group this morning warned that 2019 profit will fall short of expectations after “one-off factors”, including political uncertainty and strikes on London commuter train services, impacted performance over the Christmas trading period. The firm’s share price fell more than eight per cent this morning after it announced that earnings before interest, tax, [...]
William Hill to beat profit expectations after strong sports betting performance January 13, 2020 William Hill announced this morning that it beat profit expectations last year due to “favourable sporting results”, as the gambling chain revealed that its finance chief is set to step down. The company said full-year adjusted operating profit for 2019 is expected to be between £143m to £148m, ahead of both market and management expectations, [...]