Tescooker? Everything you need to know about Tesco eating Booker January 27, 2017 The UK's largest supermarket, Tesco, announced this morning that it will merge with wholesaler and convenience store supplier Booker Group. Share pries for both companies flew, with Tesco finishing the day nine per cent higher, at 206.3p, while Booker rose 16 per cent to 212.3p – above Tesco's offer price. Here's everything you need to know about the [...]
Recipe box startup Gousto gobbles up millions more in funding November 3, 2016 Food delivery startup Gousto is hungry for growth, landing millions more cash from investors. Unilever and Barclays are among the corporate investors ploughing a further £10m into the company which delivers fresh ingredients and recipes via subscription direct to people's doors. Read more: Antony Jenkins' fintech startup has revealed its first banking client LoveFilm entrepreneur Simon Calver's BGF Ventures, [...]
Which UK stock market sectors have performed best over two decades? May 19, 2017 When the stock market rises and falls the sectors within it can move very differently, especially in the short-term. Perhaps the best example was the dotcom boom and bust, when technology shares soared in 1999 and then spectacularly crashed in the three years that followed. A balanced and carefully managed portfolio can ease the impact [...]
Video analytics firm Big Sofa announces Aim flotation after raising over £6m December 19, 2016 Video analytics firm Big Sofa begins trading today on London’s junior market, with an eye on US expansion. Big Sofa has raised around £6.1m by way of a placing of, and subscription for, new ordinary shares at 17 pence per share, valuing the business at £10m. It hopes the fundraising will boost expansion in the [...]
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 [...]
Pernod Ricard’s share price is up but warns British booze prices may need to go the same way October 20, 2016 Prices of some of Britain's best-loved spirits may be on the rise in coming months after the boss of spirits giant Pernod Ricard (Pernod) confirmed to investors that it would need to "adjust" prices in order to protect margins after sterling's recent slump. Pernod's finance chief, Gilles Bogaert, revealed the plans to increase prices in the UK after the group posted first [...]
Accenture has just bought one of London’s hottest ad agencies November 29, 2016 Accenture's getting into trendy ads, it seems – after it bought Karmarama, one of London's hottest ad agencies. The company, known as much for its achingly trendy office as it is for its campaigns for the likes of the BBC, Confused.com, Honda, Just Eat and Unilever, has a team of 250 employees. The consultancy said [...]
Why is M&A rising? The bigger the company, the more likely it is to survive February 20, 2017 Investor sentiment is still skyrocketing as Donald Trump continues his victory lap and investors revel in the fanfare. The markets are behaving as though the White House’s as-yet-undetailed economic policies will cure all ills, from the simmering uncertainty around French, Dutch and German elections to the biggest pain for chief executives – technology disruption. The [...]
How low can it go? Sterling falls against the dollar and the euro again October 13, 2016 If anyone thought yesterday's rise in sterling was anything more than a fluke, today convinced them otherwise: the pound fell against both the dollar and the euro in early trading. Sterling stayed firmly below $1.22 in early trading, falling 0.3 per cent against the dollar to $1.269 – and after briefly edging closer to €1.11 [...]
More than 530 US companies and 100 investors beg President-elect Donald Trump and Congress to stick with low-carbon agenda January 10, 2017 More than 530 US companies and 100 investors have signed an open letter to President-elect Donald Trump demanding that the US reaffirms its commitment to a low-carbon economy and the Paris Climate Agreement. Corporate signatories of the letter, which is also addressed to President Obama, members of Congress and global leaders, span Fortune 500 stalwarts [...]