Simplicity is the key to success at Games Workshop July 26, 2016 Spending hours carefully painting a model of a fantasy mythical creature isn’t everyone’s idea of a good time. But Nottingham-based Games Workshop continued a track record of profitability when it released its annual results today. “We have a simple strategy at Games Workshop. We make the best fantasy miniatures in the world and sell them globally at [...]
Brexit vote? What Brexit vote? The rise of the discounters is still hitting supermarkets’ market shares July 26, 2016 The results of last month's EU referendum may have sent markets reeling, but it seems the supermarket sector has continued as it was before – namely, with market shares sinking for all of the big four. Figures by Kantar Worldpanel showed the Brexit vote had "no immediate impact" on the prices retailers were charging or [...]
Second administrator appointed to untangle the complex web of companies surrounding BHS July 25, 2016 A second administrator has been appointed to investigate the complex web of companies surrounding BHS. FRP Advisory were appointed joint administrators to Duff & Phelps on Friday. City A.M. understands that the firm will be looking at the transactions made between the companies connected with BHS to determine if any assets transacted were undervalued. Read more: Here are [...]
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 [...]
The surprise winners and losers from Pokemon Go July 25, 2016 Who's the biggest winner from the Pokemon Go craze? Who wouldn't be saying Nintendo at this point in time? But, it's more like Pokemon No… The Japanese games firm today revealed that the hottest game in town will only have a limited impact on its profits after all. Say what? Yep, read on to find out why [...]
Seven numbers explaining the demise of BHS July 25, 2016 The demise of BHS has been a long and uncomfortable journey – and today MPs have pointed at Sir Philip Green as the one ultimately responsible for its collapse. BHS ended up in liquidation after no buyer came forward to take on the high street brand as a going concern. 11,000 Administrator Duff & Phelps announced that while it continued to try [...]
Sir Philip Green ran BHS like a medieval fiefdom: Now his reputation hangs by a thread July 25, 2016 Our new Prime Minister has promised to get “tough on irresponsible behaviour in big business”. The report today of our joint Select Committee on the collapse of BHS offers a case study of what can go wrong at a company almost 90 years old and why she is right that government must react. After over [...]
Prepare for the augmented reality workplace: The tech behind Pokemon Go will be in offices sooner than you think July 25, 2016 With the launch of Pokémon Go in the UK this month, augmented reality (AR) – the technology behind the game – has successfully broken into the mass-consumer market. But right now very few people are thinking about the applications of the technology beyond the world of gaming. Our 2016 Tech Trends research reveals that the biggest [...]
Sir Philip Green leadership failure and personal greed led to collapse of BHS, MPs say July 25, 2016 Sir Philip Green is ultimately responsible for the failure of BHS, according to senior MPs who today publish the findings of a parliamentary inquiry in the retailer's collapse. The joint inquiry by the work and pensions select committee and the business, innovation and skills select committee found that Green's family became "incredibly wealthy" during their [...]
Profit warnings creep up to highest level since recession July 24, 2016 UK-listed firms posted the highest number of profit warnings in any second quarter since the financial crisis, a new report from accountants EY has found. A total of 66 firms told the markets they would fall short of earnings' expectations in the three months to the end of June, taking to total number for the [...]