These companies have been the FTSE high-fliers and fallers since the referendum July 23, 2016 With all that's happened since 23 June, it's hard to believe it's only been a month since the UK came out in droves to vote in the EU referendum. While the FTSE 100 closed up 0.46 per cent yesterday in its fifth successive weekly advance, a number of companies on both the FTSE 100 and [...]
Unilever’s razor sharp move in buying Dollar Shave Club is a major shift in how brands sell to customers July 22, 2016 Unilever wowed the markets on Wednesday when it unveiled a surprise acquisition of razor subscription brand Dollar Shave Club (DSC) for a reported $1bn. DSC's buyout by the consumer goods giant not only demonstrates the huge success the brand has achieved since launching in 2011 (and then going viral with a video marketing campaign in 2012), but also the credibility [...]
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 [...]
Watches as investments: How the Rolex Oyster Perpetual Cosmograph Daytona might be the most collectible watch ever, if only you could get your hands on one July 21, 2016 Last year two anonymous phone bidders made history when their feverish nine minutes of bidding ended with a Patek Philippe 5016A selling for $7.3m – 10 times its estimate. The crowd at the La Reserve Hotel in Geneva burst into spontaneous applause, delighted to have witnessed the sale of the most expensive wrist-watch ever. Stories [...]
Biggest fall for retail sales in six months in June, says ONS July 21, 2016 UK retail sales have been hit by the largest month-on-month decline for six months in June, according to the Office for National Statistics (ONS). Compared to May, the quantity purchased in the retail industry decreased by 0.9 per cent, and the amount spent also fell by 0.9 per cent. Economists had been predicting a fall [...]
Sainsbury’s creates 900 new jobs at fulfilment centre in London July 21, 2016 Sainsbury’s announced this morning that it is creating 900 jobs at its new online fulfilment centre in Bromley-by- Bow in east London. The 185,000 sq ft centre, due to open this autumn, was built as part of the retailer’s strategy to cater for growing demand in the capital for its online groceries service. At the moment, online orders are picked [...]
AO World world shares jump as sales heat up July 21, 2016 AO World became the FTSE 250's highest riser this morning after it posted figures showing sales had leaped in the first quarter. The figures In a statement posted ahead of its annual general meeting today, online white goods retailer AO World said AO branded UK sales had risen 29 per cent in the three months between 1 April [...]
Debenhams target share price cut by Investec due to post-Brexit foreign exchange concerns and an expected slowdown in UK demand July 20, 2016 Brexit is beginning to bite for retailers. Investec this morning said Debenhams face a "foreign exchange headwind" that will hit the department store in 2018. Read more: Debenhams raids Amazon for new chief executive Retail analyst Kate Calvert cut Debenhams' target share price to 52p. The cut comes after analysts expressed concerns about Sports Direct at the beginning of the [...]
Burberry announces £100m share buyback after management reshuffle July 20, 2016 Burberry announced this morning that it is undertaking a £100m share buyback programme, which will be conducted by Morgan Stanley. The buyback will start today and end on 18 April 2017 at the latest, Burberry said. Burberry's share price edged up 0.31 per cent on the news. Read more: Burberry's share price jumps on first quarter [...]
Pokémon Go: Should you invest in Nintendo? Investors are set for share price slump, but longer term virtual reality games will prove a winner July 20, 2016 The craze for newly-released mobile game Pokémon Go has sent shares in co-owner Nintendo up 75 per cent. Pokémon Go has been downloaded over 15m times since it was released last week. It currently ranks as the fastest adopted game in history. So far, it’s available to play in the UK, US, Germany, Australia and New [...]