Government must adopt a radical new post-crisis approach to achieve full employment, focusing on making sure people do not leave the workforce in the first place, says Resolution Foundation report March 3, 2016 A radical new post-crisis approach is needed if government wants to achieve its goal of full employment, a report released today has found. According to the study by the Resolution Foundation, which is based on a nine-month investigation, government should be focusing on labour market participation and bringing those who are currently classed as economically inactive [...]
At the close: FTSE 100 slips on the falling oil price as poor China data weighs heavy May 9, 2016 The FTSE 100 has managed to erase all its earlier gains to close down, adding to the worst weekly performance since February and marking the third straight week of losses. The blue-chip index finished 0.2 per cent lower at 6,114.81 after falling 1.9 per cent last week. The index is down around two per cent so far this year and 15 per [...]
Starbucks, Costa, KFC and Caffe Nero top list of worst offenders as research finds up to 25 teaspoons of sugar in hot drinks from coffee outlets February 17, 2016 Start your day with a coffee from one of the major chains? You could be drinking up to 25 teaspoons of sugar in one drink, according to new research. Campaign group Action on Sugar has studied hot drinks made by big name outlets including Starbucks, Costa and Caffe Nero and found that single drinks can [...]
Greggs serves up a piping hot special dividend as sales rise April 29, 2015 IN PROOF of the might of the humble sausage roll yesterday as bakery chain Greggs said like-for-like sales rose 5.9 per cent in the first 16 weeks of the year, up from 3.8 per cent on the same period in 2014. It has completed 69 shop refurbishments, and plans to refit close to 200 more stores [...]
Greggs share price edges up as it serves up £20m special dividend April 29, 2015 The figures Proof of the might of the humble sausage roll: bakery chain Greggs said like-for-like sales rose 5.9 per cent in the first 16 weeks of the year, up from 3.8 per cent during the same time last year. It's completed 69 shop refurbishment, and plans to refit a total of 200 to 220 stores this year. It also opened 24 new [...]
Supermarket bosses have nowhere to hide January 13, 2016 Who said there’s blood on the high street? Retail stocks rose well into green territory yesterday, Morrisons up nine per cent and Debenhams a whopping 16 per cent higher, after both reported a jump in like-for-like sales. Defying City expectations, the pair of troubled FTSE-250 outlets remind us that retail should not be viewed as an [...]
Tasty: Greggs is on a roll with 41pc profit jump March 4, 2015 The figures Pre-tax profit at Greggs for the full year to the start of January jumped 41 per cent to £58.3m on sales of £804m, a rise of 5.5 per cent, as market conditions improved. The baker, which has 1,650 stores across the UK, said like-for-like store sales grew 4.5 per cent in comparison to [...]
Best of the Brokers for 30 November 2015 November 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Liberum have boosted payment systems company PayPoint to a “buy” rating after the company posted interim results in line with expectations. The firm’s been given a target share price of 1,000p, up from 935p currently. PayPoint shares reacted badly on Friday, [...]
Greggs has its cake and eats it with a 41pc surge in earnings March 4, 2015 IT’S BEEN a tasty year for Greggs as full-year, pre-tax profit jumped 41 per cent to £58.3m on sales of £804m, a rise of 5.5 per cent, it announced yesterday. The baker, which has 1,650 stores across the UK, said like-for-like store sales for the year ending 1 January grew 4.5 per cent in comparison to [...]
Service sector set to bounce back after poor August – London Report October 4, 2015 ECONOMISTS expect a purchasing managers’ survey, out today, to show that service sector expansion picked up modestly in September after dipping to a 27-month low in August. Howard Archer at IHS Global Insight said the business activity index is forecast to have reached 56 which would mean an average of 56.3 for the third quarter [...]