Babcock shares rise as it stays on track to engineer revenue growth September 19, 2018 Engineering services firm Babcock saw shares tick upwards on news it remains on track to deliver slightly higher revenue while cutting debt. The engineering services firm’s order book stands at around £18bn while the firm has £14bn in its pipeline of opportunities, it said in its trading update for the six months to the end [...]
Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
Ireland finally collects Apple’s €13.1bn disputed tax bill September 18, 2018 Ireland has fully collected the €13.1bn (£11.7bn) owed to it by Apple in unpaid taxes, plus €1.2bn in interest, its finance minister confirmed today. Apple paid the sum into an escrow fund awaiting the outcome of two appeals launched by the tech giant and the Irish government. Read more: Brexit Britain could be new sweetheart [...]
Ireland finally collects Apple’s €13.1bn disputed tax bill September 18, 2018 Ireland has fully collected the €13.1bn (£11.7bn) owed to it by Apple in unpaid taxes, plus €1.2bn in interest, its finance minister confirmed today. Apple paid the sum into an escrow fund awaiting the outcome of two appeals launched by the tech giant and the Irish government. Read more: Brexit Britain could be new sweetheart [...]
City broker Cenkos’ shares crash as profits fall 90 per cent September 18, 2018 City broker Cenkos’ shares fell seven per cent in early morning trading today as it revealed a 92 per cent plunge in profits. Read more: Volkswagen drives truck and bus division IPO plans forward The figures The stockbroker’s post-tax profits dropped to just £300,000 for the six months ending June, compared to the £3.7m it [...]
City broker Cenkos’ shares crash as profits fall 90 per cent September 18, 2018 City broker Cenkos’ shares fell seven per cent in early morning trading today as it revealed a 92 per cent plunge in profits. Read more: Volkswagen drives truck and bus division IPO plans forward The figures The stockbroker’s post-tax profits dropped to just £300,000 for the six months ending June, compared to the £3.7m it [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
