IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Dairy Crest’s half-year profits to fall as it pays more for milk September 24, 2012 DAIRY Crest warned of lower half-year profits yesterday as its core milk business continued to face “unprecedented market conditions”. But the milk supplier left its profit forecasts for 2013 unchanged. Dairy Crest also became the latest milk supplier to increase the price it pays farmers for their milk following July’s protests. The company, which buys [...]
Finsbury Foods reports great bake-off as sales top £200m September 24, 2012 FINSBURY Food Group, the cake and bread maker, yesterday posted a surge in full-year profits across all of its divisions after sales exceeded £200m for the first time. The Aim-listed company, which supplies retailers including Waitrose, Tesco and Thorntons, said adjusted profits before tax rose 11.6 per cent to £6.5m for the year to 30 [...]
Best of the Brokers September 24, 2012 GAMES WORKSHOP Peel Hunt yesterday reiterated its “buy” recommendation for Games Workshop and raised its target price for the company from 700p to 750p. The broker said following the group’s annual general meeting held last week “it was particularly clear” that the substantial changes over the last few years have resulted in a much stronger [...]
Tesco’s Clarke insists US chain is fighting back September 19, 2012 TESCO’S loss-making Fresh & Easy chain in the United States is “fighting nicely” in a tough market, the chief executive of the retailer said yesterday, underlining his belief that the chain can have a profitable future. Tesco boss Philip Clarke has this year rejected investor calls to withdraw from the US, though he told shareholders [...]
Supermarkets slate minimum alcohol pricing September 16, 2012 SUPERMARKETS have hit out at plans for minimum alcohol pricing, despite being told they could make up to £2.2bn in extra profits under proposals to curb binge drinking. Public responses to David Cameron’s plans to introduce a price floor are set to be invited in the coming weeks, with drinks manufacturers set to campaign against [...]
Advisers Rob Ritchie September 12, 2012 GOLDMAN SACHS FOR its $2bn bond issue, AstraZeneca appointed four leading Wall Street firms to underwrite the deal and help bring the bonds to the market: Goldman Sachs, Morgan Stanley, HSBC Securities and JP Morgan Securities. Leading for Goldman Sachs on the offering was its head of European debt capital markets Rob Ritchie. Ritchie has [...]
Morrisons profit rises in tough market September 6, 2012 Britain’s fourth-largest supermarket Morrisons posted first-half profit towards the top end of forecasts and said it was on track to meet its expectations for the year even though it anticipated no let-up in pressure on the consumer. Morrisons, which trails Tesco, Wal-Mart’s Asda and J Sainsbury by annual sales, said today it made an underlying [...]
Tesco snaps up Andy McNab’s ebook platform September 4, 2012 TESCO yesterday stepped up its digital expansion as it spent £4.5m on Mobcast, the digital book platform provider co-founded by SAS veteran and best-selling war novelist Andy McNab. The deal comes hot on the heels of Tesco taking a 91 per cent stake in the internet radio service We7 in June and its acquisition of [...]
Lloyds ploughs £20m into new restaurant fund September 3, 2012 LLOYDS Banking Group’s private equity arm said yesterday it has agreed to provide £20m for a new restaurant fund set up by the former boss of The Clapham House Group. Paul Campbell is setting up the fund through his vehicle Hill Capital in partnership with LDC to invest in restaurant businesses with a small number [...]
Supermarkets enjoy a rare lift during summer September 3, 2012 THE RETURN of the warmer summer weather together with the Olympics and the use of vouchers helped grocers enjoy their best trading performance of the year last month, in a rare bright spot amid the gloom across the rest of the retail industry. According to the latest figures from Nielsen, grocery sales in the four [...]