Domino’s Pizza sells one pizza every 12 seconds, but ‘growing pains’ take a slice out of profits January 29, 2019 Domino's Pizza emerged as an unlikely competitor to the traditional turkey, stuffing and pigs in blankets over the festive period, with the chain selling a pizza every 12 seconds in the run-up to Christmas. But despite this, the fast food giant's shares were down nine per cent this morning as it admitted European growing pains [...]
What are the UK’s most shorted stocks? January 29, 2019 Hedge funds made millions from short-selling Carillion shares after the construction firm collapsed a year ago. That’s hardly a surprise, but what’s telling is that many short-sellers were predicting its failure even before the company issued its first profit warning back in July 2017. Short-sellers borrow shares from other investors, typically large institutions like pension [...]
The Premier League’s diving problem: The FA’s rules have failed to clamp down on cheating – something needs to change January 28, 2019 Every weekend there are debates up and down the country about whether a player has dived, how soft a penalty was or whether that theatrical reaction deceived the referee into sending an opponent off – and yet nothing changes. The same scenarios crop up week-in, week-out, and pundits take to the TV and radio to [...]
Sam Torrance: World No1 Justin Rose is looking good for the Majors after underlining his class with Farmers Insurance Open win January 28, 2019 What a start to 2019 for Justin Rose. The Englishman beat a strong field to win the Farmers Insurance Open at Torrey Pines yesterday and cement his position as world No1. Starting the final round with a three-shot lead, Rose shot three bogeys in the opening five holes to really put pressure on himself. His advantage [...]
It’s the end of Veganuary, but food retailers need to support vegans all year round and not treat them like just another trend January 28, 2019 January is often a month when we try new things, and attempt to abstain from old habits. It started with new year’s resolutions. Then people started to try “Dry January”, forgoing alcohol for the whole month to make up for overindulging at Christmas. The concept has evolved, and now we have “Veganuary”, where people challenge [...]
Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
Boris Johnson promises Theresa May ‘full-throated support’ if she beats Brexit backstop with a ‘freedom clause’ January 28, 2019 Boris Johnson today upped the pressure on Prime Minister Theresa May by calling on her to persuade the European Union to ditch the so-called Irish backstop. May’s widely unpopular Brexit deal – the result of two years of negotiations with the EU – was resoundingly rejected by parliament before Christmas, largely over concerns created by [...]
Confidence hits 18-month low as Brexit jitters fuel uncertainty January 28, 2019 Consumer confidence has plunged to its lowest level in 18 months, as uncertainty over Brexit takes its toll on shoppers’ spirits despite rising wages and record low unemployment. Confidence among consumers fell for the second consecutive quarter in the final three months of 2018, sliding from -7 per cent to -9 per cent, according to data [...]
Tesco set to ‘axe up to 15,000 jobs’ January 27, 2019 Fears that Tesco will axe 15,000 jobs emerged over the weekend, amid reports that Britain’s largest grocer is planning to overhaul some of its store operations as part of a £1.5bn cost-cutting plan. Reports in the Mail on Sunday said today that thousands of employees in Tesco’s meat, fish and delicatessen counters face the firing [...]
Christmas sales slump at Bonmarché January 25, 2019 Women’s fashion retailer Bonmarché reported a drop in sales over the crucial Christmas trading period this morning. Total sales at the value fashion chain tumbled 8.1 per cent in the 13 weeks to 29 December, as the firm came in line with its recently reduced expectations. Like-for-like sales in the Christmas quarter slumped 11.1 per [...]