Cheers: Bellfield Brewery, the UK’s first dedicated gluten-free craft microbrewery, has secured distribution across the UK August 24, 2016 If you haven't already, you'll soon be able to raise a toast with free-from beer, as the UK's first dedicated gluten-free microbrewery has secured distribution with several country-wide operators. Edinburgh-based Bellfield Brewery's two brews, Lawless Village IPA and Bohemian Pilsner, have been taken on by several Scottish-based distributors and wholesalers including Craft Beer Clan Scotland, [...]
Crocs’ revenue fall leads to share sell-off August 3, 2016 Crocs – the US maker of lightweight clogs – left investors wrong-footed yesterday after reporting a slide in sales and a disappointing outlook. Revenue fell six per cent to $324m (£243m) from $345m a year ago, below the consensus estimate of $348m. Net income came in at $15.5m, or 13 cents a share, slightly higher [...]
Luxury stocks including LVMH, Burberry and Kering have fallen out of favour: These days, it’s all about the stratospheric rise of Greggs’ sausage rolls December 22, 2015 Is this the end of luxury? It's certainly been a tough year for the most luxurious of brands, thanks in part to the slowdown in China, one of the fastest growing consumer markets. Options trader Banc de Binary has tracked the performance of some of the most high-end brands, including Kering, which owns Gucci, Balenciaga and [...]
Greggs share price jumps as baker ups full year expectations October 6, 2015 Greggs' share price jumped this morning on the back of results out this morning showing the baked goods retailer is on a (sausage) roll. The figures Greggs' own shop like-for-likes climbed 4.9 per cent for the 13 weeks to 3 October, with total sales up five per cent. Year-to-date own shop sales are up [...]
In another week full of AGMs, there could be more naysaying from shareholders on executive pay May 8, 2016 Ahead of another full week for AGMs, a leading shareholder advisory group has recommended saying no on a number of resolutions at various companies, including Greggs. Pensions & Investment Research Consultants (Pirc) has advised shareholders not to roll over on the remuneration report at the baker's AGM on Tuesday. While the group acknowledged that the [...]
City Moves for 29 July 2016 | Who’s switching jobs July 29, 2016 Gumtree Gumtree, the UK’s largest classifieds website, has recruited Matt Button to the newly created role of head of customer relationship management. Matt will work with the Gumtree marketing team and its agencies to devise and deliver a CRM strategy that acquires and retains customers across all its categories. The strategy will be focused on engaging customers [...]
Greggs share price soars as profits leap and dividend rises July 29, 2015 Greggs' share price jumped nearly six per cent this morning after its first half results showed the business is on a (sausage) roll. The figures The retailer had a strong first half, with sales up 6.4 per cent to £398m and pre-tax profits leaping 51 per cent to £25.6m. The baked goods business is [...]
Five Guys is the UK’s favourite fast food joint (sorry Nandos) March 21, 2016 Sorry, Nando's. Once we clasped your chickeny goodness close to our cholesterol-enlarged heart, but now you've been edged out by another fast food joint. We're a fickle – and also extremely hungry – bunch. Five Guys, the US burger chain that launched in the UK less than three years ago, has edged out its South African competitor [...]
Business fights back against the BAFTAs and BRITs with PwC’s 30th annual PLC Awards March 3, 2016 You can take your BRITs, Oscars, BAFTAs and Golden Globes. The Capitalist spent this festival season partying with bosses and politicians at the PLC Awards. As last night's host, BBC's Kate Silverton, declared: "They've got nothing on us. We know how to party!" As it was the 30th anniversary of the awards ceremony, and London has [...]
Crocs share price down in after-hours trading as footwear company reveals that clearance sales have had their toll on bottom line, resulting in net losses for its year ended December 2015 February 29, 2016 Share price in Crocs fell in after-hours trading after the company revealed that its promotional prices had not produced profits. The footwear company announced net losses attributable to shareholders for its year ended December 2015 of $98m (£70.4m), a substantial fall from net losses last year of $19m. Revenue for the company also inched down to $1.1bn, [...]