Conviviality Retail’s share price climbs as it reveals boost to sales from Matthew Clark takeover as champagne and prosecco sales leap February 1, 2016 A strong Christmas has powered drinks company Conviviality Retail over the first half, with the Bargain Booze and Threshers group increasing its interim dividend. The figures The business, which completed its acquisition of wholesaler Matthew Clark in October, said group revenues jumped 38 per cent to £252m for the 27 weeks to 1 November. EBITDA was up 43 [...]
Challenger bank Secure Trust is weighing up a bid for RBS business Williams & Glyn January 31, 2016 Challenger bank Secure Trust is considering making a bid for Williams & Glyn, the banking business that Royal Bank of Scotland (RBS) is required to sell off by the end of next year. City A.M. understands that Secure Trust, an AIM-listed retail and commercial bank, is looking at Williams & Glyn, which RBS is getting [...]
Amazon share price dives as retailer unveils 22 per cent revenue growth and profit misses the mark January 28, 2016 Amazon shares tumbled more than 12 per cent in after hours trading as the company missed profit expectations, despite reporting income had more than doubled year-on-year in the final quarter of 2015 to $482m (£336m) from $214m, or $1.00 per share from $0.45. However, this was significantly wide of analysts' expectations of $1.56 per share. The firm also [...]
Retail administrations fall sharply in 2015 as Christmas claims less casualties January 28, 2016 Retail administrations fell by 19 per cent in 2015, new research shows, as the Christmas trading period claimed less victims than in previous years. The number of retailers collapsing into administration fell to 96 from 119 the previous year, according to accountancy firm Deloitte. Company administrations in all sectors in England fell by 12 per [...]
Jimmy Choo share price rises as its revenues are boosted by strong Asian markets and its men’s shoes January 28, 2016 Jimmy Choo shares spiked like its own stilettos today, after revealing promising full year results. Shares were trading up around 1.34 per cent, at 129p, having jumped from 127.3p to 130p as soon as markets opened. The figures Full year revenues for 2015 rose seven per cent to £318m, from £300m on a constant currency basis. Taking into account currency [...]
Lloyds share sale delayed as George Osborne cites market turbulence January 28, 2016 The "Tell Sid"-style sale of Lloyds shares has been delayed as global markets face a continued hammering from falling oil prices and fears of an economic slowdown in China. Chancellor George Osborne said now was not the right time to sell the remaining shares the Treasury holds in the bank to retail investors as planned. The sell-off had been [...]
eBay share price dives 10 per cent as profits and revenues slip January 27, 2016 Shares in online retailer eBay have plunged by more than 12 per cent in after hours trading, after the company revealed a 28 per cent drop in profit for the fourth quarter of 2015, down to $523m (£367m) from $729m at the same time in the previous year. This comes despite the firm swinging from a loss [...]
Bernie Sanders pants? Donald Trump trucker cap? The weird world of US presidential hopeful merchandising January 27, 2016 The race is hotting up between Democrat rivals Hillary Clinton and Bernie Sanders ahead of the Iowa caucus on 1 February, with Sanders closing in on Clinton's lead. And fans are doing all they can to support their candidates. First there was Bernie Sanders' own Ben and Jerry's ice cream flavour, called "Bernie's Yearning" and subtitled [...]
Tesco angers investors as storm clouds gather January 27, 2016 Just two weeks ago, Tesco chief executive Dave Lewis was hailing a “strong Christmas” as evidence of the retail giant “making progress”. UK like-for-like sales had risen 1.3 per cent in the six weeks ending 9 January, and Lewis was particularly pleased with international growth. When good news is hard to come by, every little [...]
City Moves for 27 January 2016 | Who’s switching jobs January 27, 2016 Indigo Planning Indigo Planning has appointed of Julie White as associate. Julie joins the consultancy firm with more than 15 years’ national and regional industry experience. Much of Julie’s work has focused on delivering residential and mixed-use proposals for private developers, as well as major retail projects for a national supermarket operator. She also has experience [...]