Greene King pubs report challenges are ahead despite revenue bubbling up to record levels November 30, 2016 Record revenue was reported in Greene King's interim results, but shares fell in morning trading and analysts warn of a hangover. The figures Adjusted profits before tax rose 14.6 per cent to £139m, and adjusted earnings per share were up 4.3 per cent to 36p for the pub company. Like-for-like sales increased 1.3 per cent, which was ahead of the [...]
EasyHotel reveals solid growth and a “pipeline” to increase brand presence November 29, 2016 EasyHotel shares increased over one per cent as the "super budget" hotel brand announced the weak pound has created a strong market for inexpensive tourism in the UK. The figures Total system sales have increased 6.8 per cent to £21.3m from £20.0m in 2015, according to EasyHotel's final results for the year ended 30 September Read more: All eyes [...]
Iceland Foods wants to thaw dispute after Iceland the country announces legal action against the supermarket November 29, 2016 Iceland the country got a bit frosty with Iceland the retailer last week. And now Iceland Foods is seeking to smooth over any grievances, saying it seeks "peaceful coexistence" with the country. In a statement, the company said: "Following the regrettable outbreak of legal and verbal hostilities last week, the UK retailer Iceland Foods is urgently seeking [...]
London will reinvent itself again post-Brexit if it remains flexible and open to the world November 29, 2016 "We don't plan London very much. Nobody planned to have the euro-dollar market, for example. It rose because clever people were very quick at responding to market signals.” Speaking at a debate at the Museum of London on the future of the capital, hosted by Eversheds, The Independent’s Hamish McRae set out the optimistic case for the [...]
Chancellor backs management consultants, as a quarter of industry gets ball rolling on Brexit plans November 29, 2016 Chancellor Philip Hammond has given his blessing to the country's management consultants, after a recent survey showed over a quarter were kicking off contingency plans for Brexit. In a letter from the chancellor to the Management Consultancies Association (MCA) and seen exclusively by City A.M., Hammond calls the industry a "vital part of the economy, [...]
Post Office workers are set to strike over pensions on the busiest day for international Christmas post November 28, 2016 About 720 managers will walk out of Post Offices over pension disputes on the busiest day for international post. The 24-hour strike, set for Saturday, 3 December, is the third instance of industrial action in a long-running pension dispute. The workers are members of Unite, the country's largest union, who join the Communication Workers Union (CWU) to target 300 [...]
Investors should give thanks for record highs – but prepare for Hard Trump November 28, 2016 Thanksgiving, a national holiday of reconciliation, took on greater significance in the US this year as families tried to put political differences aside and find common ground in their love of turkey, stuffing and pumpkin pie. President-elect Donald Trump attempted to mend the wounds of a divisive election campaign on the eve of Thanksgiving by [...]
The chancellor’s economic programme contains much the City should welcome November 28, 2016 The chancellor stepped up to the despatch box last week to make his most important speech since taking office in July. Where previously the Autumn Statement was an important political date on the calendar for UK media, it had gone largely unnoticed by the European press. This year, however, was different. Philip Hammond’s address was [...]
Meet the Edmond de Rothschild asset manager who launched a UK-focused fund just before the referendum (and doesn’t regret it) November 27, 2016 With the European Union referendum just two months away, April 2016 may have seemed like a bold time for a European asset manager to launch a new fund focusing exclusively on the UK – even if it looked like we were headed for a Remain vote. Shares in companies such as ITV, BT, and Marks [...]
House of Fraser CEO Nigel Oddy has resigned after less than two years at the helm as Christmas trading looms November 27, 2016 House of Fraser chief executive Nigel Oddy has resigned less than two years after taking up the post, leaving the retailer hunting for a new boss at the start of the vital Christmas trading period. Oddy will leave at some point in the new year once the company’s board has found his replacement, the company confirmed. [...]