Wildwood restaurant owner Tasty shares plunge as it warns further site closures on the way March 20, 2019 Shares in Wildwood restaurant owner Tasty plunged this morning as the company warned that it may be forced to make further closures this year after shuttering eight underperforming sites. The figures Shares plummeted more than 17 per cent as the restaurant group posted dismal full-year results for 2018, blaming challenges in the casual dining sector as [...]
Inflation edges up from two-year low as food and alcohol prices rise March 20, 2019 The UK inflation rate edged up from two-year lows last month as food and alcohol prices rose. The Consumer Price Index (CPI) 12-month rate was 1.9 per cent in February, up from 1.8 per cent in January, according to the Office for National Statistics (ONS). Read more: UK inflation falls close to a two-year low Rising [...]
Disney closes $71bn takeover of 21st Century Fox as it puts Netflix in its sights March 20, 2019 Disney has completed its mammoth $71bn (£54bn) takeover of 21st Century Fox in a deal that transforms the media landscape and puts Netflix’s domination at risk. The deal, which went through shortly after midnight in New York, sees Disney take control of Rupert Murdoch’s film and TV business, as well as National Geographic and a controlling [...]
Kier shares fall as outsourcer swings to £35.5m loss March 20, 2019 Kier has fallen to a £35.5m loss for the second half of 2018, but said it is in a stronger position after hitting up investors for £250m in a disastrous rights issue that missed its target at the end of last year. Read more: Embattled outsourcer Kier's net debt spirals again after 'accounting error' The figures [...]
Inmarsat shares take off after private equity firms make buyout offer March 20, 2019 Shares in British satellite firm Inmarsat soared more than 16 per cent in early trading after it revealed it is in talks with two private equity firms over a buyout deal. Inmarsat last night confirmed it is in discussions with Apax Partners and Warburg Pincus, which have tabled a cash offer of $7.21 (£5.43) per [...]
Bayer shares tumble after court blames Roundup weedkiller for man’s cancer March 20, 2019 Shares in Bayer dived more than 10 per cent following a major legal setback for the multinational pharmaceutical giant. A unanimous decision from a US jury yesterday found that the German-based firm’s Roundup weed killer product was a "substantial factor" in causing a man's cancer. Read more: M&A could be the cure for the UK's threatened [...]
Ten Entertainment to target London in bowling alley expansion plan March 20, 2019 Ten Entertainment is targeting expansion within London as the bowling alley chain looks to increase its presence within city centres. The owner of the Tenpin brand is considering establishing a presence in urban areas in a move away from its traditional focus on out-of-town retail parks, chief executive Duncan Garrood told City A.M. Read more: [...]
Hermes bags profit boost as demand from Asia drives surge in sales March 20, 2019 Luxury bag maker Hermes has posted double-digit profit growth for the full year as rising demand in Asia helped boost sales across all business lines. Read more: Asos confident on full-year targets despite 'challenging' markets The figures Hermes’ net profit rose 15 per cent to €1.4bn (£1.2bn). Consolidated revenue was up 7.5 per cent to [...]
Tube delays: District Line and Circle Line hit with delays after Paddington signal failure March 20, 2019 Severe delays have hit the Circle and District lines this morning, leaving commuters to contend with travel chaos on their ways to work. Read more: Revealed: The Tube line with the worst delays A Paddington signal failure has left the District Line with severe delays between High Street Kensington and Edgware Road this morning. While [...]
For once, John Bercow’s egomaniac meddling actually has a point March 20, 2019 John Bercow is a pompous, smug, self-important showman. The only thing he likes more than the sound of his own voice is being in the limelight – and he isn’t afraid to ruffle feathers in his never-ending search for it. He has turned the centuries-old office of the speaker of the House of Commons into [...]