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 [...]
Asda under fire over new employee proposals April 16, 2019 Supermarket giant Asda has been accused of using a proposed pay rise as a "smokescreen" for unpaid breaks and shortened night shifts. The grocery firm recently announced a set of potential contract changes for its workforce, pledging to hike the basic hourly rate of pay for retail employees. Read more: Asda and Sainsbury's propose selling 150 [...]
JD Sports shares rise as retailer bucks high street woes to boost profit and revenue April 16, 2019 JD Sports’ shares jumped today as it bucked the trend of struggling high street retailers to boost profit and revenue. Executive chairman Peter Cowgill credited the shoe and fashion store’s focus on remaining relevant to its millenial and Generation Y consumers for its success, saying the firm is “obsessed” with its customers. Shares rose 7.6 [...]
Johnson & Johnson defies baby powder asbestos concerns to beat first quarter forecasts April 16, 2019 Shares rose at Johnson & Johnson this afternoon as the world’s biggest healthcare company beat revenue and profit forecasts for the first quarter. Read more: Johnson & Johnson share price falls as baby powder probe intensifies The New York-listed firm withstood concerns about asbestos in its baby powder which surfaced late last year, which drove poor [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]
Amazon hit with thousands of fake five-star reviews, research finds April 16, 2019 Thousands of suspicious and unverified reviews have cropped up on Amazon for five-star rated tech products from unheard of brands. The reviews were often posted on the same day or in the same short period of time, according to consumer magazine Which, with identical reviews left for the same product on Amazon and in some [...]
Tesco and Dunelm defy retail gloom April 16, 2019 | City Talk By Graeme Evans from interactive investor. Impressive updates from Tesco and Dunelm show opportunities still exist in the embattled retail sector. A big hike in the Tesco (LSE:TSCO) dividend and an “incredible” trading update from Dunelm Group (LSE:DNLM) today combined to remind Brexit-weary investors there is life in the retail sector after all. The near-doubling [...]
Card Factory sales flat as high street footfall drops April 16, 2019 Card Factory saw sales remain flat last year as high street footfall levels dropped, the greetings card company announced this morning. The figures Card Factory’s like-for-like sales dipped 0.1 per cent while overall revenue rose 3.3 per cent to £436m in the year to the end of January 2019. Underlying earnings fell 4.9 per cent [...]
Alibaba co-founder defends controversial 12-hour working days and calls overtime a ‘huge blessing’ April 15, 2019 Alibaba co-founder Jack Ma sparked controversy this afternoon after defending the 12-hour working day. Read more: Ecommerce billionaire named China's richest man The billionaire tycoon, who has a personal wealth estimated at roughly $40bn (£30bn), has doubled down on his view in favour of the “996 system”, which refers to a working schedule of 9am [...]