Panic over? London’s FTSE 100 surges after overnight rally in Asia August 7, 2024 The global market rally picked up the pace on Wednesday with European equities surging after Japanese stocks recorded strong overnight gains. The FTSE 100 was up 1.8 per cent at 8,166.88 while the midcap FTSE 250 gained 1.0 per cent to trade at 20,576.03. The CAC in Paris gained 2.0 per cent while the DAX [...]
Rain won’t fall on Regional’s parade this time around July 16, 2024 RAIN has been the constant theme recently, with the unseasonably wet weather making ground conditions difficult to predict and things particularly tough from a betting perspective. Newbury was hit with 16mm of rain on Monday evening, turning the going soft, but the rest of the week is expected to be dry, so hopefully we can [...]
Getir suppliers allegedly left unpaid as rapid delivery firm races for the exit May 16, 2024 Rapid grocery delivery firm Getir has allegedly left some of its UK suppliers with huge unpaid bills after scrambling to exit its international markets over the past month, City A.M. understands.
Convenience chain McColl’s battles administration fears February 26, 2022 Convenience store chain McColl’s Retail Group is gearing up to find a buyer as the struggling company nears collapse. As first reported by Mark Kleinman for Sky News, the group have called in advisers to help find a bidder, and are exploring third party options, who may be willing to invest further capital. McColl’s trades from [...]
Morrisons directors quit in corporate governance row March 26, 2020 Two Morrisons non executive directors have quit, reportedly due to a disagreement over corporate governance at the supermarket. Neil Davidson, chair of the corporate compliance and responsibility committee, and Tony van Kralingen, remuneration committee chair, have stepped down and will cease to be directors from 26 and 29 April respectively. The grocer said today that [...]
Food shortage: Tomatoes are back on the menu as supermarkets begin to lift customer limits on fruit and veg March 10, 2023 Supermarkets have started to drop customer limits on buying certain fresh fruit and vegetables as food shortage issues that led to widespread shortages begin to ease. Asda confirmed it had removed limits of three on cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries, leaving restrictions of three on just tomatoes and peppers. The supermarket said [...]
Pinsent Masons cuts desk space in Edinburgh after moving to new offices February 15, 2022 Pinsent Mason’s has cut the number of desks available to staff in its Edinburgh offices, after moving in to new premises, in a bid to free up space and adapt to the future of hybrid working. The London headquartered law firm is set to cut its desk space by 20 per cent, in seeking to [...]
Bensons for Beds still in the red as fewer customers visit stores March 15, 2024 Bensons for Beds cut its losses as sales passed £250m during its latest financial year, new detailed accounts have revealed.
Hostelworld eyes operational profitability later this year as travel demand rebounds August 10, 2022 Travel platform Hostelworld has said it hopes to be profitable at an operational level in the second half of the year, as holidaymakers have returned in recent months. In interim results, the London-listed company said net revenue hit €28m in the period, compared to just €2.9m the previous year, as travel restrictions eased. While overall [...]
Explainer: What’s behind a potential price cap on essential food June 5, 2023 Now, it’s been so long it’s almost hard to remember when it started, but the price of pretty much everything has been going up in the UK for months on end. Food was always the most painful item area to go up in price – with the “eat or heat” tragic dichotomy predominating last winter. [...]