FTSE 100 slides as Brexit and impeachment worries hit markets September 25, 2019 Britain’s FTSE 100 benchmark is braced for its worst day in a month after dipping this morning following dramatic political developments on both sides of the Atlantic yesterday. The blue-chip index opened 0.5 per cent down before sliding further to almost 0.9 per cent, with investors fearing news of an official impeachment inquiry into president [...]
World High Life buys British cannabis firm Love Hemp September 23, 2019 Medical cannabis investment firm World High Life is set to buy British cannabis oil company Love Hemp in a £9m deal. World High Life is hoping the deal will help them weed out the competition and expand its UK and European business. The company also announced a share placing intended to raise up to £5m. [...]
Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Ocado sales growth accelerates after Andover fire recovery September 17, 2019 Online supermarket Ocado reported accelerating growth in the third quarter after it secured an additional warehouse following a fire at the firm’s Andover site. Retail revenue increased 11.4 per cent to £386.3m in the 13 weeks to 1 September, the company reported in a trading update this morning. Read more: Firefighters put out blaze at [...]
Morrisons extends Amazon partnership as it delivers flat half-year sales September 12, 2019 Morrisons has posted flat sales in the first half as it unveiled a new multi-year partnership with Amazon Prime amid challenging conditions in the grocery sector Read more: Morrisons to expand Amazon online delivery service across the UK The figures Morrisons like-for-like sales excluding fuel and VAT ticked up 0.2 per cent in the six [...]
Ranked: The UK’s fastest growing companies for brand value September 11, 2019 Deliveroo, Costa Coffee and Brewdog are growing in value faster than any other UK brands, according to a survey published today. The food delivery app topped the list, increasing its value 54 per cent to $1.4bn (£1.1bn), while coffee chain Costa jumped 48 per cent to $1.5bn, boosted by its takeover by Coca Cola. Read [...]
Marie Claire ends print publication in the UK as readers shift to digital September 10, 2019 Marie Claire will cease publication of its UK edition after more than 30 years as the women’s monthly becomes the latest victim of declining demand for print magazines. The title, which is owned by Country Life and Horse & Hound publisher TI Media, will continue online and overseas print editions will be unaffected. Read more: [...]
M&S’s FTSE exit is a symbol of its terminal decline September 6, 2019 Archie Norman, the Marks & Spencer chairman, put a brave face this week on the retailer’s demotion from the FTSE 100. Nothing to see here, he said: the business was exactly the same on the day after its relegation. Focusing on it was the reddest of herrings. In a sense, he is right – but [...]
Mike Pence: The minute the UK is out of the EU, the US is in September 5, 2019 The US Vice President has tonight pledged a free trade deal with the UK “immediately upon the completion of Brexit”, saying Donald Trump stands “shoulder-to-shoulder” with the new Prime Minister. Speaking at a black-tie dinner at Guildhall in the City of London this evening, Mike Pence told business chiefs the country was like a phoenix [...]
FTSE 100 reshuffle: What has gone wrong for M&S? September 2, 2019 High street stalwart Marks & Spencer looks almost certain to fall out of the FTSE 100 after markets close today. The retailer’s shares have lost about 40 per cent of their value since January last year, despite management attempts to turn its fortunes around. Read more: Ocado and M&S share prices drop as they complete [...]