Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]
Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]
Boris Johnson’s flagship cycle superhighway costs £62,000 for every extra cyclist September 18, 2018 Boris Johnson’s controversial cycle superhighway, heralded as London’s “Crossrail of cycling”, is costing taxpayers tens of thousands of pounds for every new cyclist it attracts, according to new figures. Today’s new information from Transport for London (TfL) is likely to provide fresh ammunition to critics of the £47m project, which has come under fire from [...]
Boris Johnson’s flagship cycle superhighway costs £62,000 for every extra cyclist September 18, 2018 Boris Johnson’s controversial cycle superhighway, heralded as London’s “Crossrail of cycling”, is costing taxpayers tens of thousands of pounds for every new cyclist it attracts, according to new figures. Today’s new information from Transport for London (TfL) is likely to provide fresh ammunition to critics of the £47m project, which has come under fire from [...]
Mike Ashley survives Sports Direct AGM showdown as shareholders approve re-election September 12, 2018 Sports Direct owner Mike Ashley has survived a potential shareholder backlash in the retailer’s annual general meeting (AGM) today. Roughly ten per cent of investors voted against the re-election of billionaire Ashley, who reportedly did attend the AGM after previously saying he was too busy to take part. However, Sports Direct chairman Keith Hellawell resigned hours [...]
It’s official: Tesco and Booker will merge to form UK’s largest food group February 28, 2018 Booker Group's shareholders have backed Tesco's £3.7bn bid for the wholesaler today, giving Tesco boss Dave Lewis the green light to create to UK's largest food group. Reuters reported that 83.4 per cent of Booker investors approved the deal; Booker needed the backing of 75 per cent of votes for the merger to go ahead. [...]
Have yourself a very modern Christmas: How to keep things woke on the big day, from vegan-friendly to zero-carbon December 13, 2019 The cards may read “peace to all men” but Christmas is a time for bitter fights, tantrums and physical conflict, especially when it comes to lunch (or should that be “dinner”?). Most of all, it’s a day when people come together to vehemently disagree about food. Siblings will fly thousands of miles, cross land and [...]
Tesco reports gender pay gap of 8.7 per cent saying male workers take more shifts that offer premiums February 21, 2018 Tesco has reported a gender pay gap of 8.7 per cent across its UK retail business after crunching the pay data of more than 225,000 members of staff. It becomes the first of the big supermarkets to report the figures required by government ahead of an April deadline. All firms with more than 250 employees [...]
Analysts express doubt over The Restaurant Group’s takeover of Wagamama’s November 11, 2018 Analysts have expressed doubt over Frankie and Benny’s owner The Restaurant Group’s (TRG) £600m acquisition of Asian fusion chain Wagamama’s. TRG is the preferred bidder in the sales process which was sparked in June by Goldman Sachs on behalf of private equity backers Duke Street and Hutton Collins, it was announced last month. However analysts [...]
Last Week in the City: Trump threatens trade war March 2, 2018 This week US President Donald Trump threatened a trade war, a number of famous high street names, including Toys R Us and Maplin, got into serious trading trouble and upbeat assessments of the US economy from central bankers helped the US dollar to rally, reversing its recent trend. The FTSE 100 fell 0.2 per cent [...]