Domino’s is putting more cheese on your pizza thanks to drop in food prices March 3, 2016 Ordering Domino's Pizza this evening? Then you may find that the pizza chain has been more generous with the cheese topping on your Margherita, as a drop food prices helped contribute to a jump in sales and profits last year. Chief executive David Wild said its franchisee saved around £11m thanks to record low cheese prices, a drop in [...]
City Pub Company gears up for float on AIM next year after £10m fundraising March 2, 2016 The owners of The City Pub Company have announced plans to float the pub chain on London's junior market next year after raising £10m to fund its expansion. The group, which operates two separate divisions – City Pub Company East and City Pub Company West – was founded five years ago by former Fuller's boss John Roberts and entrepreneurs Clive Watson [...]
The Co-operative commits £75m to slashing prices in supermarket battle March 2, 2016 The Co-operative Group is ploughing a further £75m into cutting prices of every day products in its latest bid to get ahead in the supermarket price war. The mutual, which has over 2,800 food stores across the UK, said it will slash the cost of over 200 of its own-brand British sourced meat and poultry products, with [...]
Morrisons chairman Andrew Higginson joins Shore Capital as senior adviser March 2, 2016 Investment firm Shore Capital has signed up retail veteran and Morrisons chairman Andrew Higginson as a senior adviser to help bolster its expertise in consumer industries. Higginson, who is also currently chairman of home shopping group N Brown, joined Morrisons in 2014 to lead a shake-up at the supermarket following years of worsening sales. He previously spent 15 years on the [...]
Darty share price soars as Christo Wiese’s Steinhoff International wades in with £662m offer March 2, 2016 Shares in Darty have soared by nearly 10 per cent this morning after South African retail conglomerate Steinhoff International made a £662m offer for the UK-listed electrical chain – a move that could scupper its already agreed sale to French rival Fnac. Darty said it has received a cash offer of 125 pence per share from the [...]
UK house prices: More than half of first-time buyers would buy ex-army barracks to get onto property ladder March 2, 2016 Times are tough for first time buyers and more than half would buy just about anything – from a church to a school or ex-army barracks – to get on the property ladder, according to Your Move and Reeds Rains. According to the estate agency’s latest first time-buyer barometer, 57 per cent claimed they were willing [...]
Shop prices decline in February for 34th consecutive month as supermarket price wars gather pace March 2, 2016 Shop prices fell for the 34th month in a row in February, to the benefit of consumers, as food returned to deflationary territory and competition on the high street remained fierce. Prices fell by two per cent in the year to February, which was an acceleration on the 1.8 per cent decline reported in January and [...]
Knight Frank Wealth Report 2016: The world’s super-rich population shrank last year March 2, 2016 The world's population of super rich shrank by three per cent last year as a more volatile financial climate and the continued fall in oil prices dented their wealth. Knight Frank’s Wealth Report released today found that there were 187,500 high net worth individuals (UHNWI) – those with $30m assets or more – at the [...]
