Magners maker C&C to produce more drinks in the UK after Brexit October 25, 2018 The maker of Bulmers and Magners cider is in late-stage talks to start producing European drinks at its UK plant after Brexit. Chief executive Stephen Glancey told Reuters that Brexit has presented opportunities for the Irish business. “You've got other manufacturers coming to us and saying ‘can you manufacture for us in the UK’? … [...]
A year ago Crystal Palace got their season on track with a win at Chelsea and Roy Hodsgon will need his side to replicate last year’s heroics ahead of tough run October 25, 2018 It was this time last year that Crystal Palace began to stop the rot following a dismal first seven games of the season that left them bottom of the Premier League with no points and no goals. A shock win at home to Chelsea in mid-October proved the catalyst for improvement. Palace went from strength [...]
As Laing O’Rourke is late filing its figures, is it another major contractor we should be concerned about? October 24, 2018 Pinning down the finances of private companies can be a tricky task for City stakeholders. Public companies, however, are mandated to keep investors and other interested parties entertained with a steady stream of financial updates. When it comes to filing financial statements – the audited figures upon which financiers hang their hats – listed firms [...]
Bloomsbury revenues rise as books buck the UK’s retail downturn October 23, 2018 Revenues at Bloomsbury Publishing have posted strong growth in the first six months of the year, as the group's seven-point turnaround plan starts to pay off. Bloomsbury's share price rose 2.24 per cent as markets opened this morning. The figures Adjusted profit before tax for the six months to August, which excludes costs associated with [...]
Profit warnings trigger sharpest drop in share prices since financial crisis October 22, 2018 Profit warnings have sparked dramatic share price drops not seen since the height of the financial crisis a decade ago, according to a report out today from accountancy firm EY. FTSE companies that have issued a profit warning in the third quarter of 2018 have suffered an average 21 per cent fall in the value [...]
Ryanair profits slide as strikes, cheaper fares and higher fuel costs impact bottom line October 22, 2018 Ryanair saw half-year profits decline this morning to round off a troubled few days at the budget airline. The results Cheaper fares, higher fuel costs and strikes all hit Ryanair’s bottom line, taking post-tax profits down seven per cent year-on-year to €1.2bn (£1.1bn) for its crucial April to September trading period. Read more: Photo of Ryanair crew [...]
Hamleys’ Chinese owner eyes exit with strategic review of toy shop October 21, 2018 Hamleys’ Chinese owner is considering a sale of the toymaker a week after it posted a 500 per cent decrease in profits. C.banner, which acquired Hamleys for around £100m in 2015, has started a strategic review after being approached by potential buyers. Read more: Hamleys replaces finance chief after disappointing results However it is unlikely [...]
Ryanair boss warns planes could be grounded for up to three weeks in event of hard Brexit October 17, 2018 Ryanair boss Michael O'Leary has said a hard Brexit could ground planes for up to three weeks as the prime minister heads to Brussels for a crunch meeting with EU leaders to break the impasse in the negotiations. O'Leary said that while the grounding of planes for a "week, two weeks, three weeks" would be "painful", [...]
Shopping spree: Aldi and Lidl gain market share at expense of big three supermarkets October 16, 2018 The UK's biggest supermarkets lost ground to their budget rivals in the three months into the start of October, as the return of chilly weather marked the end of a bumper summer of growth. Tesco, Sainsbury's and Asda all lost market share to Aldi and Lidl, with Tesco shedding 0.6 percentage points and Sainsbury's losing 0.4 percentage points [...]
Europe’s banks are right – the EU must act to avoid a Brexit cliff edge disaster October 16, 2018 Retail king Lord Wolfson raised eyebrows at the weekend when he insisted that a no deal outcome to Brexit talks “would not be a disaster”. The Next boss was referring to the overall effect on trade and, politically, he articulated his point well – you have to be prepared for no deal in order to [...]