IAG, Rolls-Royce and Natwest: The FTSE 100’s winners of 2024 December 31, 2024 The FTSE 100 returned 5.8 per cent in 2024, but under the surface, a clear gap has emerged between the blue-chip index’s winners and losers. Quite a few stocks have fallen out of London’s main index, with companies like Burberry and Ocado being replaced by giants like Games Workshop and Alliance Witan. While around half [...]
How Games Workshop worked its magic to join the giants of the FTSE 100 December 4, 2024 Games Workshop is officially set to battle its way into the FTSE 100 later this month for the first time in its history, cementing its place as a titan of the City. The Warhammer maker is now the 85th biggest listed company in the UK, guaranteeing its spot in London’s main index and eclipsing household [...]
Morrisons expands use of Ocado’s grocery-picking software in store November 28, 2024 Ocado has announced it will work more with Morrisons in-store and less via fulfilment centres as the latter company recalibrates the operations of its online grocery arm. Morrisons, which has been working with Ocado since 2013, will “gradually cease” deliveries from Ocado’s Erith fulfilment centre, in the south east Ocado said in a statement this [...]
Pennon water flips to a loss after parasite outbreak November 27, 2024 Losses at water company Pennon widened significantly as the group struggled to pay millions to fix a parasite outbreak that led to diarrhoea. Today, the South West Water owner said its underlying profit before tax had jumped from £19.1m in profit the first half of last year to £18.6m in losses. The results were in [...]
Struggles continue at Asda as new owner looks to turn around supermarket giant November 12, 2024 The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]
Marks and Spencer shares up on double-digit growth as turnaround pays off November 6, 2024 Marks and Spencer has reported another bumper set of results ahead of the golden quarter as its turnaround plan continues to pay off. The company’s share price rose by nearly five per cent in early trades and reached a level not seen since 2016. Profit before tax rose 17.2 per cent to £407.8m, up £348.1m [...]
Bonfire Night Wines November 5, 2024 During the time of Guy Fawkes, the historical figure for whom today’s Bonfire Night was created, drinking water was often riddled with dirt and germs meaning fermented or brewed alcoholic beverages were deemed safer to drink. Ale and beer, both lower in alcohol than modern day versions, were the staple of most adults and children [...]
M&S to report £6.6bn in sales amid turnaround in fortunes November 3, 2024 Such a performance would put further weight behind comments from boss Stuart Machin in May, hailing the "beginnings of a new M and S."
Ocado announces new chair sooner than expected October 31, 2024 Ocado has announced KKR senior advisor Adam Warby will succeed Rick Haythornthwaite as its chairman in December. As well as working for KKR, Warby also serves as chair of management consultant firm Heidrick & Struggles, and previously held various positions at Microsoft and IBM. Earlier this year, Ocado said Haythornthwaite would step down to focus [...]
What to wash your Halloween haul down with October 29, 2024 Never has there been a festival so associated with sweet treats as Halloween and now is the time to stock up for trick-or-treaters. Whether clearing the leftovers or raiding your child’s haul there is a way to make the experience even better with a glass of the good stuff. Chocolate I tend to go with [...]