St Modwen on track to hit profit targets thanks to New Covent Garden Market boost and regional revival December 1, 2015 St Modwen said it is on track hit full-year profit forecasts, spurred on the by ongoing recovery in the regions, strong investor demand, and a massive valuation gain from its New Covent Garden market scheme. The FTSE 250 company, which is redeveloping Britain’s biggest flower and vegetable market, said occupational demand for its offices in the [...]
Stocking up on Christmas booze? Marks & Spencer is the best supermarket for wine – while Morrisons comes second December 1, 2015 Marks & Spencer has retained its crown as the best supermarket wine retailer for the second year running – but if you're stocking up on Christmas booze, you could do a lot worse than head to Morrisons, which came second in the medal table at this year's International Wine Challenge (IWC). M&S came first in [...]
Cake maker Finsbury posts sweet performance after munching on new bakeries November 25, 2015 Celebration cake maker Finsbury Food Group reported a huge jump in revenue during its first four months of the financial year thanks to recent acquisitions of rival bakeries. The company, which supplies major baked goods as well as Peppa Pig and Disney Princess celebration cakes to retailers including Morrisons and Marks & Spencer, said sales revenue [...]
EU referendum: new CBI director general Carolyn Fairbairn puts pressure on Prime Minister David Cameron over in/out vote November 23, 2015 Britain’s biggest business group is urging Prime Minister David Cameron to accelerate plans for the European Union referendum, warning that investment is beginning to suffer at the hands of a protracted renegotiation. Carolyn Fairbairn, who took over as director general of the Confederation of British Industry (CBI) last week, has told City A.M. that uncertainty [...]
EU referendum: new CBI director general Carolyn Fairbairn puts pressure on Prime Minister David Cameron over in/out vote November 23, 2015 Britain’s biggest business group is urging Prime Minister David Cameron to accelerate plans for the European Union referendum, warning that investment is beginning to suffer at the hands of a protracted renegotiation. Carolyn Fairbairn, who took over as director general of the Confederation of British Industry (CBI) last week, has told City A.M. that uncertainty [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
Travel caterer SSP wins £500m deal to open 29 outlets at Oslo airport November 16, 2015 Travel catering giant SSP has won a £500m contract to run 29 shops, cafes and restaurants at Oslo Airport Gardermoen in Norway. The FTSE 250 franchise operator, which made its £1bn stock market debut last year, said it has secured a contract spanning five years for retail and seven years for the food and beverage, with [...]
Marks and Spencer, Carlsberg, Young & Co Brewery: Best of the Brokers for 13 November 2015 November 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER RBC Capital Markets liked what they saw at Marks & Spencer’s summer season 2016 clothing preview so much, they made the retailer RBC’s “top pick” with a target price of 700p. The broker said he was encouraged M&S was [...]
Christmas adverts 2015: John Lewis, M&S, Curry’s PC World, Asda or Argos – which retailer gets the gold star for best ad? November 6, 2015 The retailer race to be top of the tree this Christmas is on. Retailers including John Lewis, Marks & Spencer and Iceland have been teasing their Christmas advertising for weeks, but now the majority of the campaigns are officially launched, who will be sitting pretty at the top of the Christmas list? This year it’s clear than [...]
Marks and Spencer, Randgold Resources, Partnership Assurance: Best of the Brokers for 6 November 2015 November 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER Canaccord Genuity has changed its rating for Marks & Spencer to “hold” with a target price of 570p, after it was briefly “under review” and previously “speculative buy” at 550p. M&S released interim results on Wednesday that the broker thought [...]