Poundland launches gardening range with celebrity TV presenter Charlie Dimmock February 3, 2016 Green-fingered shoppers and fans of a bargain rejoice. Poundland has joined forces with celebrity gardener and TV presenter Charlie Dimmock to create a new range of gardening tools, the retailer announced today. The Charlie Dimmock range, which launches on 29 February, will feature 130 lines of gardening essentials ranging from hand tools and heavy duty gloves to hanging bird feeders and [...]
Elliott Advisors reverses loss-making activities after cutting UK wage bill October 6, 2016 The UK arm of the activist fund manager involved in the likes of Poundland, SABMiller and Samsung has swung back into profit. Elliott Advisors UK, which runs British operations on behalf of its US parent, made a profit of £2.6m in the year to December 2015 after generating a loss of £2.7m the year before. [...]
Someone is selling a jar of Marmite on eBay for £100,000 as the price war between Unilever and Tesco rolls on October 13, 2016 Someone is trying to sell a jar of Marmite on eBay for £100,000 amid fears that the stocks may run low due to a supply dispute between Tesco and Unilever. Tesco has pulled Marmite and all other Unilever brands from its website after Unilever attempted to increase its wholesale prices. At time of writing Tesco's share price [...]
Poundland’s share price plummets as profits slump against “exceptional period last year” while 99p Stores conversion begins November 19, 2015 Poundland's share price plummeted more than 20 per cent this morning as it revealed a slump in first year profits. The figures Poundland's total sales rose 5.6 per cent on a constant currency basis, but like-for-likes were down 2.8 per cent. However it was the EBITDA and pre-tax profits that really took a hit, with [...]
Toblerone bars in the UK have changed shape and no one is happy about it November 8, 2016 Fans of the Toblerone are bitterly disappointed after the company revealed a change to the shape and size of its popular chocolate bar. Mondelez International, who makes the product, has increased the gaps between the triangles to reduce the weight of two of its bars in the UK. It claims this is due to a rise in [...]
Arm Holdings is just the start of a great British asset sale July 18, 2016 The UK’s vote to leave the EU was seen by some Brexiteers as a chance to reclaim the country’s borders, draw up a new fortress UK, as well as make a protest vote against the rise in inequality after the financial crisis. But in the investment markets, the drawbridge has already been lowered. Thanks to [...]
Meggitt share price leaps on news of second major investor increasing stake August 8, 2016 Activist investor Elliott Management increased its position in Meggitt this morning driving up the share price of the struggling engineer nearly nine per cent. Elliott is the second major investor in Meggitt shares over the last few days. Norges Bank took a three per cent stake on Friday and Elliott, who had already built up a considerable interest [...]
Activist investor benefits from James Bond studio takeover September 13, 2016 Crystal Amber Fund’s share price bumped up today after the activist investor said its net asset value (NAV) per share had “recovered strongly” after the EU referendum. The investor was boosted after its full year, ending 30 June, by the takeover of James Bond filmmaker Pinewood Studios, which Crystal held a 5.7 per cent stake [...]
Poundland’s share price climbs as it gets final clearance from competition watchdog for 99p Stores bid September 18, 2015 Poundland's share price rose this morning after saying it will complete its acquisition of rival 99p Stores by the end of this month, after receiving final clearance from Britain's competition watchdog today. The Competition Markets Authority (CMA) concluded that a merger between the two budget retailers wouldn't result in a substantial lessening of competition. It [...]
As SoftBank swoops for Arm Holdings – is the weak sterling making British firms more attractive to foreign buyers? July 18, 2016 The deal between Japan's SoftBank and London-listed Arm Holdings announced this morning could be just the first of many foreign transactions kicked off by the recent referendum. SoftBank's £24.3bn swoop for Arm, which is said to be the biggest ever technology acquisition in Europe, was probably helped by the fact that sterling is significantly weaker in [...]