Goodwood betting: Cash in on The Cashel Man in Goodwood’s marathon July 26, 2016 An abundance of stamina is required to successfully conquer Wednesday's 2m5f Goodwood Stakes (2.00pm) and, although he’s yet to be asked the question, I think THE CASHEL MAN will relish the trip. After blowing away the cobwebs at Ascot on his seasonal reappearance, David Simcock’s four-year-old ran well over two miles at York to finish [...]
Greencore Group bags The Sandwich Factory from Cranswick in tasty £15m deal July 25, 2016 Irish food group Greencore has bagged food-to-go producer The Sandwich Factory from Cranswick in a deal worth up to £15m. The Sandwich Factory, which operates from a single facility in Warwickshire, produces a range of products for convenience stores and food service channels. Its net revenue for the year ended 31 March was £42m. Greencore is already one [...]
Horse racing betting: Sea Of Heaven set to leave rivals toiling in his wake July 21, 2016 Trainer Sir Mark Prescott has been among the winners of late and I’m confident he can grab another with SEA OF HEAVEN in Friday's John Guest Brown Jack Stakes (2.55pm) at Ascot. The four-year-old ran a cracker at Newbury last week, finishing second behind the highly progressive Sweet Selection who was rattling off a hat-trick. [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]
At the close: FTSE 100 gives up its gains after Bank of England puts rate rise on hold until August July 14, 2016 The Bank of England dashed market hopes of a further rate cut for at least another month today, sending the FTSE 100 off its 11-month highs. Having rallied to a peak of 6,743.42 before the Bank of England's decision, the FTSE 100 crashed to earth, closing down 0.2 per cent at 6,654.47 points. Most analysts thought the Bank would [...]
Pay row: M&S accused of threatening to sack staff who reject new contracts July 12, 2016 Marks & Spencer has become embroiled in a dispute over staff pay as it grapples with a sales slide in its clothing division. Chief executive Steve Rowe told shareholders at yesterday's AGM that the retailer faces "tough decisions" in the coming months. M&S is consulting staff over the axing of premium pay on Sundays, and cuts [...]
Asos sales jump as customer numbers grow 24 per cent July 12, 2016 Online retailer Asos grew sales by 26 per cent in the four months to 30 June, pushing revenue up to £514.6m for the period. The company's share price was up 4.7 per cent in early trading. Sales in the UK were up 28 per cent, while US sales surged by 45 per cent. Sales in the [...]
Week ahead: Fashion retailers and builders are in the spotlight July 11, 2016 Alongside the Bank of England’s first meeting after the UK voted to quit the European Union it will be a busy week of corporate numbers. Bank of England officials announce their monetary policy decision on Thursday and many economists are expecting a loosening of interest rates. The FTSE 100 rose to its highest level in [...]
Marks & Spencer reports 1.1 per cent dip in UK revenue, driven by 8.3 per cent decline in clothing and home sales July 7, 2016 Marks & Spencer has reported a 1.1 per cent reduction in UK sales for the first quarter of its financial year, as the retailer continues to try and turn around its struggling clothing & home division – but guidance for its full year results remains the same. A four per cent increase in UK food sales [...]
Week ahead: Brexit fears set to hang over FTSE earning reports July 4, 2016 The market is bracing itself for a slew of Brexit induced profit warnings this week as we enter the early stages of reporting season. After the UK’s shock vote to leave the European Union triggered a sharp sell off, the FTSE 100 has rebounded strongly – pushed on by international earners. The blue-chip index ended [...]