Naked Wines sells wine merchant Lay & Wheeler for £11.3m October 2, 2019 Naked Wines today said it has agreed to sell fine wine merchant Lay & Wheeler (L&W) in a deal worth £11.3m. Read more: City grandee Michael Spencer tables bid for Naked Wine dealer L&W The online wine retailer said it will sell the division, made up of Lay & Wheeler Limited and Vinotheque Holdings, to [...]
M&S finance boss heads for the exit September 22, 2019 Marks & Spencer has confirmed it is parting ways with its finance chief less than two years after he took on the role. The retail giant’s group chief financial officer Humphrey Singer is leaving the business in the latest high-profile departure to rock the company. Read more: UK retail sales unexpectedly fall in August Coming [...]
Why M&S’ relegation from the FTSE 100 doesn’t mean the death of the High Street September 20, 2019 Marks and Spencer (M&S) is set to be relegated from the FTSE 100 after the close of business today. This will be the first time that the company has lost its blue chip status. The UK retailer was a founder member of the FTSE 100 and a stalwart of the UK High Street. But its [...]
Which Premiership clubs will be hardest hit by the Rugby World Cup? September 17, 2019 It is always a special occasion when Bath Rugby play Bristol Bears under the floodlights at Ashton Gate in a West Country derby, even more so when it is the opening fixture of a new Premiership season. On this occasion, however, there will be some notable differences. The Premiership’s opening weekend will take place later [...]
Ocado sales growth accelerates after Andover fire recovery September 17, 2019 Online supermarket Ocado reported accelerating growth in the third quarter after it secured an additional warehouse following a fire at the firm’s Andover site. Retail revenue increased 11.4 per cent to £386.3m in the 13 weeks to 1 September, the company reported in a trading update this morning. Read more: Firefighters put out blaze at [...]
M&S launches urban farming scheme in London stores September 12, 2019 Marks & Spencer is launching an “urban farming” scheme in its London stores, the retailer announced yesterday. M&S Food has partnered with Infarm to grow fresh herbs – including basil, mint, parsley and coriander – at its branch in Clapham Junction. Read more: M&S’s FTSE exit is a symbol of its terminal decline The retailer [...]
Remainer rebels offered ‘olive branch’ by No 10 September 12, 2019 Boris Johnson has ordered the chief whip to write to ousted Remainer MPs including Philip Hammond and David Gauke, following a backlash against their sacking. The Prime Minister has told Mark Spencer to write to all 21 MPs who had the whip removed, setting out the appeals process, the Telegraph reports. City A.M. understands that [...]
Horse Racing Betting Tips: Atzeni will put punters in fine Spirits at Donny again September 11, 2019 IT IS not the same as York but nearby Doncaster has its own charms, particularly during the four-day William Hill St Leger Festival. The highlight of the meeting, the world’s oldest Classic on Saturday, could have a big impact on the destination of the trainers’ title with John Gosden and Aidan O’Brien battling it out. [...]
M&S’s FTSE exit is a symbol of its terminal decline September 6, 2019 Archie Norman, the Marks & Spencer chairman, put a brave face this week on the retailer’s demotion from the FTSE 100. Nothing to see here, he said: the business was exactly the same on the day after its relegation. Focusing on it was the reddest of herrings. In a sense, he is right – but [...]
Marks and Spencer set to be ejected from FTSE 100 for first time in 35 years September 3, 2019 Marks & Spencer is set to lose its place in the FTSE 100 list of the UK’s biggest companies tomorrow after 35 years, ending its long-held membership as one of 28 original firms. Read more: Marks and Spencer to shut seven stores for final time in restructuring The troubled retailer will drop down to the [...]