European retail sales cool off after a solid start to the year August 5, 2015 RETAILERS in the Eurozone saw sales drop 0.6 per cent in June, according to figures released by Eurostat yesterday. The numbers take the volume of retail sales to just 1.2 per cent above what they were in June 2014. The drop comes after robust growth in sales over most of the first half of this [...]
Investor confidence sparks shopping mall building boom August 5, 2015 THE NUMBER of shopping centres under development between now and 2018 has grown to 9.6m square feet, according to figures by DTZ, thanks to improving retail sales and growing institutional investor demand. A report released by the property advisory firm yesterday showed there are nine schemes under construction and due to open in the remainder [...]
Even at £750m Adidas’ Manchester United kit deal could prove to be a bargain for the sportswear giant August 5, 2015 £75m per year. That’s how much Adidas is paying Manchester United to make their kit. To put that into context, that’s about 2.5 times more than the next biggest Premier League deal (Arsenal and Chelsea both receive £30m per year from Puma and Adidas respectively) and over 10 times more than NFL teams receive from [...]
School holiday season boosts retail figures at Birmingham Bullring operator Hammerson August 4, 2015 The start of the school holiday season helped drive a sharp rise in retail sales in July, according to one of Britain’s biggest shopping centre owners. Hammerson, which owns the Bullring in Birmingham as well as north London’s Brent Cross shopping centre, launched the Hammerson Retail Tracker — or HART — earlier this year to [...]
Jerky Group and Cruga form beef snacks empire August 4, 2015 THE JERKY Group has merged with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’s Den entrepreneur Joe Walters’ beef jerky brand Texas [...]
The Jerky Group and Cruga merge to create £24m beef snacks empire August 3, 2015 The Jerky Group has struck a deal to merge with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with a combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’ Den entrepreneur Joe Walters’ [...]
The government’s RBS share sell-off is about to begin: Here’s what you need to know August 2, 2015 This week, George Osborne is due to kick start the government's sale of its 78 per cent stake in Royal Bank of Scotland (RBS). Read more: Mansion House Speech 2015: Chancellor George Osborne will start government RBS sell-off as soon as possible The chancellor's plan to offload the shares was announced during his Mansion [...]
JD Sports on course to smash consensus expectations July 31, 2015 JD Sports Fashion's share price jumped more than seven per cent this morning after revealing it expects pre-tax profits to come in 10 per cent ahead of market expectations. The retailer, which announced record annual profits before tax of £100m in April, said it would smash consensus market expectations. Analysts have been tipping [...]
US GDP growth rises to 2.3 per cent in second quarter July 30, 2015 Official statistics published today showed growth in the US hit 2.3 per cent in the second quarter, missing expectations of 2.5 per cent. Read more: Fed keeps interest rate unchanged However, the disappointing 0.2 per cent contraction originally posted in previous three months was revised to 0.6 per cent growth as statisticians changed the way they [...]
Retail sales stalled in July despite clothing boom July 30, 2015 UK RETAIL sales growth slowed in July, despite a big rise in clothing purchases, and is expected to weaken further next month, a survey by the Confederation of British Industry showed. The retail sales balance fell for a second successive month after hitting a five-month high in May, dropping to 21 in July from 29 [...]