Superdry appoints new broker after mass exodus prompted by Dunkerton’s return April 17, 2019 Superdry has appointed Jefferies as its new corporate broker and financial advisor following a mass exodus from the firm after the retailer’s founder was reappointed to the board. Investors narrowly voted in favour of allowing Julian Dunkerton to return to the board earlier this month, prompting the resignations of former brokers UBS and Investec. Read [...]
Pepsico beats analyst predictions for first quarter after strong low-sugar drink sales April 17, 2019 Pepsico beat analysts' estimates on first-quarter sales and profit, boosted by higher demands for its low-sugar drinks, sparkling water and snacks. The company announced 2.15 per cent sales growth in its North American beverages division with sales in its Frito-Lay snacks unit growing 5.5 per cent. Read more: Pepsico issues profit warning as it ramps [...]
Competition watchdog warns holiday booking sites over trip cancellation costs April 17, 2019 The UK’s competition watchdog has issued a warning to holiday booking websites to make customer terms and conditions clear. A total of one in five customers who had cancelled a booking in the past felt they had been treated unfairly, a Competition and Markets Authority (CMA) survey found, as the regulator told travel businesses to [...]
Carlsberg promotes negative tweets about its own beer as it finally agrees with drinkers April 17, 2019 Drinkers have “moved on” from mainstream lager, Carlsberg admitted today after promoting a series of negative tweets about its much-despised drink. The brewer has admit it is probably not the best beer in the world, in sharp contrast to its famous marketing campaign. Read more: Carlsberg sparks intrigue with Twitter marketing campaign Instead it launched [...]
West End businesses lose £12m in two days during climate change protests April 17, 2019 West End businesses have lost an estimated £12m in sales due to the disruption caused by climate change protesters this week. Extinction Rebellion protests at Oxford Circus, Piccadilly Circus, Marble Arch have hit retailers in London’s main shopping district, with some stores reporting a 25 per cent drop in footfall. Read more: Climate change protesters target [...]
Subway launches first vegan sub after Greggs vegan sausage roll success April 17, 2019 Subway has jumped on board the vegan bandwagon after Greggs' vegan sausage roll proved a runaway success with everyone from flexitarians to – gasp – meat eaters. Read more: 25 weird items people left in their Uber rides The sandwich chain's new vegan sub lands in stores today priced from £3.80, alongside a vegan-friendly salad. [...]
Danone stays on track despite falling Chinese birth rate and Moroccan protests April 17, 2019 Evian-owner Danone confirmed its outlook for 2019 this morning as the firm said it was investing in products that cater to alternative diets. Danone, which is the world’s largest yoghurt maker, said it was pouring cash into growing segments of the yoghurt market including plant-based, probiotic and low-sugar alternatives. Read more: Danone hit by Morocco consumer [...]
Topshoppers are not put off by Sir Philip Green’s troubles April 17, 2019 Last week, Sir Philip Green appointed restructuring specialists to the boards of his Arcadia retail empire in preparation for a major reconfiguration in May to tackle the company’s £500m deficit. Green has pinned Arcadia’s struggles on a challenging retail market and the ailing British high street, however Arcadia’s brands may have been affected by his [...]
Just Eat announces acquisition of software provider Practi April 16, 2019 Just Eat has acquired Practi, a software service that trades in tablet-based Point of Sale (PoS) and restaurant management systems. The food delivery marketplace has bought Practi for £6.7m, with further payments dependent on certain commercial milestones. Just Eat plans to roll out Practi's software to its restaurant partners, providing partners with PoS, payment handling, inventory management, [...]
Morrisons granted permission for Supreme Court appeal over data breach ruling April 16, 2019 Morrisons has been granted permission to appeal to the Supreme Court after losing a major court case over a data leak. In October the UK’s fourth-biggest supermarket lost an appeal against a High Court ruling that concluded the firm was legally liable for a former employee leaking personal information about 100,000 staff members, meaning it [...]