Sports Direct named least reputable retailer in annual rankings while Amazon takes top spot August 28, 2018 Sports Direct has been named the least reputable retailer in the UK after a survey of consumer attitudes. The sports gear retailer languished at the bottom of the rankings compiled by the Reputation Institute for its annual UK Retail RepTrack. Sports Direct scored poorly on four measures: workplace, governance, citizenship and leadership. It comes just weeks after [...]
Galantas Gold reports loss as Omagh processing plant starts up August 28, 2018 Northern Irish gold mining company Galantas Gold reported a loss for the first half today, but said that production will "ramp up" at its Omagh mine. Shares in the company fell more than two per cent in early trading. The figures Revenue reached $57,040 Canadian dollars (£34,135) in the second quarter, compared to $16,607 in the [...]
Scottish Power announces its second price hike this year August 24, 2018 Scottish Power is to raise its energy prices from October, the second hike in a year. Prices for standard variable gas and electricity for those affected will rise by an average of 3.7 per cent. Almost a million homes supplied by the company are expected to be affected. The decision comes as a result of [...]
Foot Locker steps up its game to beat analyst expectations August 24, 2018 Foot Locker surpassed Wall Street expectations today as it reported higher than predicted growth in both sales and earnings. The figures The sports retailer saw sales grow 4.8 per cent to $1.78bn (£1.39bn) in the three months to 4 August, pipping analyst estimates. Meanwhile net income climbed to $88m, compared to just $51m in the [...]
Exclusive: Banking groups Investec and SC Lowy move to rescue Gaucho after buying up debt August 24, 2018 Two banking groups are closing in on an acquisition of Gaucho after buying out debt from the collapsed restaurant chain's other lenders, City A.M. understands. Investec and Hong Kong-based SC Lowy are now moving to buy Gaucho from administrators Deloitte after buying the debt of other lending banks in Gaucho's syndicate. An Investec spokesperson told City A.M.: "Investec [...]
Computacenter par for the course as first half revenue surpasses £2bn August 24, 2018 IT services provider Computacenter delivered on high expectations this morning as it unveiled a jump in revenue for the first half. Shares in the firm were relatively flat as it performed in line with expectations following an upgrade in forecasts in July. The figures Revenue was up 18.1 per cent to over £2bn in the six [...]
Two House of Fraser distribution centres have reopened August 24, 2018 Two of House of Fraser's distribution centres have re-opened after a dispute with its logistics provider resulted in customer orders being cancelled. The sites in Wellingborough and Milton Keynes have re-opened today, Drapers reported. This follows a weeks-long standoff with XPO Logistics, which owns and operates the warehouses. Earlier this week, The Times reported that Mike [...]
Iceland to take over a handful of former Poundworld stores while rescue deal falls through August 23, 2018 Iceland is to take over a handful of former Poundworld stores, but a deal to save another chunk of the chain's estate has now fallen through. The retailer closed the last of its 335 stores earlier this month, after crashing into administration in June. The Henderson family announced two weeks ago that they would take [...]
The CMA has officially launched a probe into the Sainsbury’s Asda merger August 23, 2018 The competition watchdog has officially launched an investigation into the proposed mega-merger between supermarkets Sainsbury's and Asda. Pricing, quality and the range of products at both businesses will come under scrutiny as the competition and markets authority (CMA) tries to determine if a tie-up will have a negative effect for UK consumers. The regulator will [...]
BrewDog reports a jump in sales for the year so far as global expansion plans get into full swing August 23, 2018 BrewDog has reported a jump in sales so far this year, as it provided a half-year update for more than 85,000 investors. The figures Overall revenue at the Scottish craft beer maker reached £78m in the first half, up by 55 per cent on the previous period. Some £10m was generated through BrewDog's bar division, marking an [...]
