Topps Tiles chief executive quits after 12 years November 5, 2019 Topps Tiles chief executive Matt Williams has announced plans to step down this month and will be replaced by the group’s finance chief. Williams will step down on 29 November following the publication of the company’s full-year results earlier that week, but will remain as an advisor to the business until the end of May [...]
Gambling stocks continue to slide as MPs seek £2 online betting limit November 5, 2019 Gambling stocks fell for a second day this morning, following a report by MPs released yesterday that called for a cut in online casino stakes. The gambling related harm all-party parliamentary group (APPG) yesterday called for stake and deposit limits to be introduced on online gambling products. Read more: Gambling stocks tumble as MPs call [...]
Jewellery maker Pandora warns of steeper sales decline November 5, 2019 Jewellery retailer Pandora this morning warned of a steeper fall in sales this year, as it said efforts to revitalise the brand had weighed on costs in the third quarter. Pandora said organic growth in 2019 is expected to be minus seven per cent to nine per cent, compared to previous guidance of a three [...]
Primark bounce helps offset sugar slump at ABF November 5, 2019 Ingredients group Associated British Food posted a slight rise in profit for the last 12 months, as a strong showing in fashion arm Primark offset a sharp slowdown in its embattled sugar business. Shares in the FTSE 100 group climbed four per cent to 2,329p in early morning trading. The figures Adjusted operating profit hit [...]
UK consumer spending growth slows under Brexit uncertainty November 5, 2019 UK consumer spending slowed in October, a new report has shown, as Brits remained cautious with their money in the run-up to the missed 31 October Brexit deadline. Read more: UK economy to hit decade low even with Brexit deal, report warns Spending at the shops grew by 1.5 per cent in October year on [...]
Luxury bag retailer Radley doubles size of US business November 4, 2019 Luxury accessories brand Radley more than doubled its US business over a year as customers hunt out classic British heritage brands. Radley – which sells its products in the US in Macy’s department stores, through QVC television and on its own website – is seeking to expand its presence in the country after establishing a [...]
Gambling stocks tumble as MPs call for online casino stake limit November 4, 2019 Shares in major gambling firms fell today after a group of MPs issued a report calling for the introduction of £2 stake limits for online casinos. GVC shares fell nine per cent to 816p, William Hill shares dropped seven per cent to 187p, 888 Holdings shares fell nearly five per cent to 171p and Rank [...]
Three reasons behind Mothercare’s fall into administration November 4, 2019 Mothercare’s UK retail business is set to collapse into administration, despite a rescue plan implemented last year, the retailer confirmed today. Mothercare has filed a notice of intent to appoint administrators to its 79 UK stores after determining they were “not capable of returning to a level of structural profitability”. So what exactly went wrong? [...]
GVC shares fall 10 per cent as new chair appointed November 4, 2019 Gambling group GVC said today it had appointed the chairman of Homeserve to chair its business. Longstanding chairman Lee Feldman, who has been on GVC’s board for 15 years and chaired the company for 11, will step down on 27 February. He will be succeeded by Barry Gibson who has been appointed as a non-executive [...]
Takeaway.com seeks to add certainty to Just Eat deal November 4, 2019 Takeaway.com has changed the structure of its bid to buy food delivery platform Just Eat allowing it to reduce the shareholder acceptance threshold as it battles against a rival offer from Prosus. Takeaway.com and Just Eat had previously agreed the terms of a recommended all-share combination through a court sanctioned scheme of arrangement, which required [...]