Cake maker Finsbury posts sweet performance after munching on new bakeries November 25, 2015 Celebration cake maker Finsbury Food Group reported a huge jump in revenue during its first four months of the financial year thanks to recent acquisitions of rival bakeries. The company, which supplies major baked goods as well as Peppa Pig and Disney Princess celebration cakes to retailers including Morrisons and Marks & Spencer, said sales revenue [...]
Beyonce to launch new brand Parkwood Topshop Athletic with Sir Philip Green’s retail empire as profits edge higher November 25, 2015 Sir Philip Green said profits for his retail empire that included Topshop and Dorothy Perkins edged higher last year against a background of a “fast changing” retail industry. The tycoon also revealed a new joint clothing venture with singer Beyonce to produce a new “athletic streetwear brand” called Parkwood Topshop Athletic. The global venture is [...]
Black Friday 2015 UK: John Lewis will have to beat sales on iPads, Nutribullets, Samsung TVs and De’Longhi coffee machines to improve on last year’s bargain bonanza November 25, 2015 Black Friday 2015 is around the corner and many retailers – including Amazon, EBay and Currys PC World are already offering huge discounts on a wide array of TVs, computers and other must-have electrical devices. John Lewis has so far kept its powder dry and will only be unveiling its offers on the day itself [...]
Profits jump at food producer Greencore as sandwich orders pile up November 24, 2015 Sushi, salad and sandwich maker Greencore reported better-than-expected full-year profits after winning several new contracts in the UK food to go market and expanding its presence in the US. The food producer, which supplies retailers and supermarkets ranging from Marks & Spencer to Boots, said pre-tax profits increased by 33.8 per cent to to £59.4m in [...]
US GDP expanded faster than initially believed due to smaller decline in inventories November 24, 2015 The US economy grew at faster rate than expected in the three months to September, according to new official figures published today. The US commerce department said the economy grew at an annualised rate – the rate the economy would grow if the pace were maintained for a year – of 2.1 per cent rather [...]
Black Friday 2015 UK: Tips for how to get the best deals, avoid the queues and stay calm in stores and online for blissful bargain hunting November 24, 2015 We’re only a few days away from Black Friday, now synonymous with frenzied shoppers battling to secure the pick of the sale crop. Determined shoppers will again pound the pavements to secure their pre-Christmas bargains. For those considering taking up the challenge, we’ve gone through our consumer data based on 3,000 shoppers last year – [...]
Kingfisher’s share price falls despite third quarter sales rising to £2.7bn November 24, 2015 Kingfisher's share price fell this morning as it revealed sales had climbed 2.6 per cent to £2.7bn for the third quarter, but down 2.5 per cent on a reported basis. The retail giant, which owns Screwfix and B&Q, also reported a profit on retail activities of £223m, up just 0.4 per cent on a constant currency basis [...]
CBI Distributive Trades Survey: Mild weather hits retail sales growth in November ahead of shopping bonanza November 24, 2015 Retail sales growth unexpectedly slowed in the year to November, for what's now the second month in a row, however shop owners are bracing for a shopping bonanza ahead of Black Friday and the Christmas period. The balance of CBI's quarterly distributive trades survey unexpectedly dropped to +7, from +19 in October, marking the slowest growth rate in [...]
Black Friday 2015 UK: Currys PC World reveals deals on Nespresso, Dyson, LG, Samsung, Sony and Bosch goods November 24, 2015 Currys PC World has launched its Black Friday 2015 bargains today, promising 40 per cent more stock will be available and 30 per cent more deals on offer than last year. In total, Currys PC World is promising more than 3,000 deals on top brands including Nespresso, Dyson, LG, Samsung, Sony and Bosch across a 10-day event starting [...]
AO World: Sales rise but profits turn to losses as European expansion costs bite November 24, 2015 Electricals specialist AO World has reported a group operating loss for the first half of the year, despite climbing sales, as the cost of European expansion takes its toll. The figures AO World's total revenue jumped 21.7 per cent to £264.3m for the six months to 30 September, while its UK website sales rose 23.7 [...]