Paperchase poised for sale after wrapping up Christmas season January 12, 2015 High street stationery chain Paperchase enjoyed a surge in trading over Christmas, paving the way for a potential sale of the business this year. Primary Capital, which has owned Paperchase since 2010, has hired PwC and Financo to handle a potential sale of the 46-year-old business last year after receiving several bid approaches. The company [...]
Shares jump higher at AO World January 12, 2015 SHARES in AO World rallied yesterday after the online white goods company reported a surge in third quarter sales, thanks in part to the success of Black Friday weekend. The so-called e-tailer, which sells kitchen appliances and televisions online from its warehouse in Crewe, said revenue from its website jumped 38 per cent three months [...]
Fat Face shuns promotions for festive boost January 12, 2015 FAT FACE chief executive Anthony Thompson said the firm owes its success over Christmas to holding its ground on promotions until Boxing Day, as festive sales jumped. The casual clothing retailer, which pulled plans for a £300m float last year, reported a 13 per cent rise in sales in the five weeks to 3 January, [...]
High street suffers Black Friday hangover as retail sales drop January 12, 2015 RETAILERS were hit by a slowdown in sales over Christmas after the Black Friday shopping bonanza pulled forward holiday spending into November. Like-for-like sales dropped by 0.4 per cent compared to the same month a year ago, according to the latest data from KPMG and the British Retail Consortium (BRC). Total sales were up one [...]
Does the Walkie Talkie have a wind problem? January 12, 2015 We all know about the Walkie Talkie’s sunshine problem, when beams from the skyscraper were reflecting on to the streets below and melting cars (sort of). Well, now it seems the building has a wind problem. It’s been windy over the last few days but the gusts have been noticeably worse around the base [...]
This Creme Egg is an imposter January 12, 2015 IT’S OFFICIAL – now the Christmas cards have been relegated to the sales racks, it’s Easter. And Creme Eggs are back on the menu – but not, it seems, as we knew them. Putting the Kraft into crafty, Cadbury’s US owner has changed the recipe behind our backs. The chocolate is no longer Dairy Milk. [...]
Heathrow celebrates Vietnam Airlines win and strong results January 12, 2015 LONDON’S Heathrow Airport served a record 73.4m passengers in 2014, up 1.4 per cent on 2013. The airport also revealed in its full-year results yesterday that Vietnam Airlines is moving its operation from Gatwick to Heathrow. John Holland-Kaye, Heathrow chief executive, said the announcement was “good news for Britain as it secures a direct flight [...]
Gatwick Airport exec Nick Dunn slams Heathrow’s new runway bid as a backward step for Britain January 12, 2015 Gatwick management yesterday launched a stinging attack on Heathrow’s proposal for a new runway at the west London airport. Nick Dunn, Gatwick chief financial officer, said: “Expand Heathrow and we take a backwards step towards higher fares, less choice and the monopolies of the past. Only Gatwick can offer the win-win solution of a bigger [...]
Afren’s reserves cut sees shares crash by 30pc January 12, 2015 SHARES in oil firm Afren plummeted by over 30 per cent yesterday, following an update from the company which revealed it is likely to be forced to cut its previous reserves estimates. The group stated that a Competent Person’s Report (CPR) being carried out on its Barda Rash operation in Kurdistan is “expected to show [...]
Engineer Lamprell’s stock takes a hit from plummeting oil price January 12, 2015 ENGINEERING firm Lamprell saw shares fall by 15 per cent yesterday, after the company revealed that plummeting oil prices have impacted on projected revenue for 2015. The company, which provides services to the onshore and offshore energy industry, now expects revenue to fall 10 per cent below previous expectations. Jim Moffat, chief executive at Lamprell, [...]
