PepsiCo buys SodaStream for $3bn August 20, 2018 PepsiCo has agreed to buy Israeli drinks firm SodaStream for $3.2bn (£2.5bn), in a sign that the company intends to persist with its healthy product ambitions amid the departure of its long-reigning chief executive. The landmark deal comes several weeks after PepsiCo boss Indra Nooyi said she would step down after 12 years of leading [...]
Powa-founder Dan Wagner’s previous company ATTRAQT shares fall 25% after CFO finds ‘inaccuracies’ October 27, 2017 Shares in AIM-listed software company ATTRAQT lost a quarter of their value on Friday after its new CFO discovered “inaccuracies” on its books. ATTRAQT said that Eric Dodd, who became CFO at the start of September, found “inaccuracies in forecasting the timing of certain contracts and client “go-live” dates” following a review commissioned by the [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
Super first half for Supergroup as weak pound pushes up sales January 12, 2017 Supergroup reported a strong performance in its first half, thanks to the weak pound. The figures Supergroup, the owner of anorak purveyor Superdry, said revenues jumped 31.1 per cent to £334m in the six months to the end of October, pushed up by a 12.8 per cent rise in like-for-like sales, while online made up 21.6 per cent of total revenue, up from 19.2 per [...]
Yet another super-duper six months for SuperGroup November 10, 2016 SuperGroup shares donned a red cape and flew high today after the retailer said its results had been supersized by the weakened pound. Half-year revenues at the owner of the Superdry clothing brand grew by 31 per cent to £334m, raising the FTSE 250 company's share price by nine per cent. [stockChart code="SGP" date="2016-11-10 16:33"] Because of its considerable [...]
French Connection is facing a rebellion from an activist shareholder demanding the end of the FCUK brand July 31, 2016 French Connection is facing rebellion from an activist shareholder who has built up an eight per cent holding and is reported to want the retailer to drop its famous FCUK branding. Gatemore Capital Management has criticised French Connection’s performance since 2008, according to the Sunday Times, and urged founder Stephen Marks to split his joint roles [...]
SuperGroup’s share price soars 12 per cent as it shrugs off high street blues to post double-digit growth May 12, 2016 SuperGroup's share price soared more than 12 per cent in early trading, after reporting double-digit growth for the full year. The figures Group revenues at the SuperDry parent company rose 21.1 per cent to £589.5m for the full year to 23 April, with sales at the retail division climbing 24.5 per cent with "broadly equal contributions [...]
Superdry label owner closes year in style May 6, 2015 SHARES in Supergroup surged 7.4 per cent yesterday after the owner of the Superdry fashion brand posted a strong finish to the year and said it was still on track to meet its profit forecasts. The retailer said group sales rose by 18.4 per cent to £134.8m in the 15 weeks to 25 April. Like-for-like [...]
SuperGroup shares jump 12 per cent as profits beat expectations December 16, 2015 Shares in fashion retailer SuperGroup, the maker of Superdry clothing, have soared by nearly nine per cent after unveiling a better-than-expected 54.4 per cent rise in profits. The group made an underlying pre-tax profit of £19.3m in the 26 weeks to 24 October, with revenue up 22.3 per cent to £254.7m. Excluding its ailing North [...]
BHS administration “more significant than Woolworth’s” as cost to taxpayer stacks up April 26, 2016 The collapse of BHS could be "more significant than Woolworths" – and the business is unlikely to survive in any meaningful form, experts have told City A.M. Parent company Retail Acquisitions called in administrators Duff & Phelps yesterday afternoon, a year after buying the debt-laden business from Sir Philip Green for £1. Managing directors Phil [...]