IWG boss mulling £2.2bn break-up of serviced office space business November 3, 2018 The world’s largest serviced office space provider is mulling a £2.2bn split which could result in swathes of the company’s international portfolio being sold off, according to Sky News. Mark Dixon, who runs IWG and founded the company under its original Regus brand, is said to be weighing up plans to split the firm into two [...]
Fried chicken and a trip to the bookies: London’s worst high streets revealed November 2, 2018 Researchers have drawn a fresh map of London to rank its best and worst high streets for mental health and wellbeing. The Royal Society for Public Health analysed the different shops on high streets across the UK and measured them against factors including their potential to encourage healthy choices and their usefulness for mental wellbeing. For [...]
Paddy Power Betfair cashes in on US sales as revenues climb November 2, 2018 Paddy Power Betfair reported rising third-quarter revenues this morning, as new efforts to tap into US markets helped deliver much-needed sales in the wake of challenges closer to home. The bookmaker’s shares edged up two per cent in early morning trading, with revenues hitting £83m in the three months to the end of September, marking a [...]
Sofa, so good: Ikea growth driven forward by deliveries and online November 2, 2018 Ikea grew revenues by almost six per cent in the financial year, as online sales helped expand the top line. The furniture giant grew UK revenues by 5.9 per cent to £1.97bn for the financial year ending August. It increased market share to 8.4 per cent from eight per cent last year. While nearly 60m [...]
The City grabs popcorn for the ultimate takeaway tug-of-war November 2, 2018 The knives are out in the food fight that’s gripped the takeaway sector. On one side, there’s market leader Just Eat which revealed yesterday that a chunky investment into its Latin American business will eat into profits. However, its shares were up more than six per cent as it reported a 41 per cent sales [...]
Caffeine boost: Starbucks shares buzz as turnaround plan beats sales estimates November 1, 2018 Coffee behemoth Starbucks’ share price has risen more than eight per cent in after-hours trading, after the company performed better than expected in its fourth quarter. Strong growth in the US and China helped to boost sales, taking global net revenue to $6.3bn (£4.8bn). The company has battled with increased competition in recent months, laying off [...]
Netflix is set to give its movies the red carpet treatment with cinema releases November 1, 2018 Netflix plans to give three of its original films a proper cinema release before dropping them on its streaming platform. Alfonso Cuaron's Roma, Sandra Bullock-starring Bird Box and Joel and Ethan Coen's The Ballad of Buster Scruggs will be shown exclusively in a select group of theatres in the US and abroad for a period of between one [...]
Stage dive: Spotify opens down after disappointing subscriber outlook November 1, 2018 Spotify may post its first ever profit this year as the company wiped out a major part of its loss in its third quarter of trading. But promising results did not translate into success on the stock market as the streaming service dropped on the back of its subscriber predictions. The figures Paying users flocked [...]
Just Eat warns on profits as it burns cash to compete with rivals November 1, 2018 Online takeaway giant Just Eat's share price climbed this morning, despite a warning to investors that efforts to fight off rivals Deliveroo and Uber Eats would take a chunk out of the company's profits. Branching out into markets in Latin America, investing in its own delivery network and acquisitions are likely to weigh on earnings, the FTSE [...]
Chairman Luke Johnson reveals Patisserie Valerie was three hours away from collapse as frustrated investors vote on rescue deal November 1, 2018 Investors approved a rescue deal to save Patisserie Valerie today but were left frustrated over unanswered questions as chairman Luke Johnson warned that the company could face administration within a week if the proposals were voted down. The cake shop was just three hours away from collapse before a rescue deal was arranged last month, Johnson revealed, as shareholders [...]