UK business body chief to attack politicians over ‘dereliction of duty’ March 28, 2019 The director general of the British Chambers of Commerce (BCC) will today warn the UK’s political leaders that Britain leaving the European Union without a deal would be “a flagrant dereliction of duty”. Adam Marshall will use his keynote speech at today’s BCC Annual Conference in Westminster to express a deep frustration with the UK’s [...]
Focus On Bow: Young professionals are changing the landscape of Bow, but upsizing proves costly March 22, 2019 Few areas in London have seen demographic change like east London, but even within the East End, Bow has changed a lot in recent years. “There is a definite shift taking place, highlighted by the arrival of a number of independent coffee shops, wine bars and restaurants over the past 18 months or so,” said [...]
The Gym Group gets in shape with revenue and profit boost March 19, 2019 Low cost exercise chain the Gym Group said today it boosted revenue 35 per cent last year to £123.9m as it added 30 new gyms to its portfolio. The figures Statutory profit before tax for 2018 was £10m, up from £9.2m the year previously. Its shares rose nearly seven per cent to 216p in early trading. [...]
Morrisons keeps income investors happy March 18, 2019 By Graeme Evans from interactive investor. After flagging another special dividend with annual results, there are opportunities for this grocer. In an eventful and turbulent period for the grocery sector, Morrisons (LSE:MRW) continues to hold its own after unveiling further robust profits growth and another special divi for investors. Today’s full-year results, despite drifting back [...]
Property of the Week: The historic lodge of the former St John’s Wood dairy is on sale for £5.35m March 15, 2019 It’s hard to imagine it now, but there was a time when Tesco didn’t even exist and Londoners got their milk from cows that wandered the streets. This lodge harks back to this simpler time, as it used to service the St John’s Wood farm and dairy. There used to be hundreds of milking parlours [...]
Morrisons hikes dividend on confident outlook despite £86m blow to profits March 13, 2019 Morrisons has welcomed last year's jump in like-for-like sales with a special dividend, it revealed today, though profits were hit by £86m in costs as the supermarket closed a pension scheme and paid off loans. Read more: Morrisons and Tesco flag concerns over Sainsbury's-Asda merger The figures Profit before tax fell 15.8 per cent year on year [...]
Britvic installs Tesco finance guru as new chief financial officer March 11, 2019 Soft drinks giant Britvic has brought in the financial boss of a firm which is part of Tesco as its chief financial officer, in a move which pushed shares up one per cent on Monday morning. The company, which acts as Pepsico’s producer in the UK, has appointed Joanne Wilson, who will leave her role as [...]
City Moves for 8 March 2019 – Who’s switching jobs at McCarthy Denning, Fox Williams and MSCI? March 8, 2019 Today's City Moves include McCarthy Denning, Fox Williams and MSCI. McCarthy Denning McCarthy Denning is pleased to announce that Sheikh Bilal Khan has joined the firm as a partner and global head of Islamic finance. Sheikh Bilal Khan is dual-qualified in English and Shariah Law, and has won numerous accolades for his work. He belongs [...]
Horrible bosses: How retailers can clean up their image March 7, 2019 It seems like a case of “another day, another scandal” in the retail industry at the moment. This time it’s Ted Baker founder and CEO, Ray Kelvin, who has been accused of “forced hugging”. While I can’t comment on the innocence (or otherwise) of the shamed chief, he joins a growing list of alleged wrong [...]
Aldi sales soar as Sainsbury’s slips behind rivals in supermarket shopping league March 5, 2019 Aldi and Lidl have boosted sales again, it emerged today, as the biggest supermarkets continued to shed market share to the discounters. Aldi’s sales grew by 10 per cent in the three months to the end of February compared to the same period the year before, according to figures released today by Kantar Worldpanel, a consumer insights [...]