All articles by Ed Devlin – Page 194
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News
Media Bites 15 September: Labour, Living Wage, Poundworld, William Grant & Sons
The focus on the implications of the new Labour leadership continues following Jeremy Corbyn unveiling his shadow cabinet. Plus new research finds three sectors will suffer most from new Living Wage; Poundworld unveils record tradings; and William Grant & Sons ups profits despite sales plunging 17%.
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Poundworld hails ‘landmark progress’ in record year
Discount chain Poundworld has increased operating profits by almost 130% to £14.6m thanks to a record year of trading as sales jump £77m to £422.3m.
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Poundland's Jim McCarthy undeterred by CMA wait
Poundland’s ambition to pursue more deals has not been diminished by four months of in-depth scrutiny…
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Confectioner Hope & Greenwood rescued from administration
Old-fashioned sweetshops in London have closed but the brand lives on thanks to Monty Bojangles manufacturer
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City snapshot: Crawshaw Group adds CFO and COO
Value butchery chain Crawshaw Group has filled its vacant chief financial officer role and appointed a new chief commercial officer as it moves forward with expansion plans.
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Poundland shares soar on approval of 99p Stores merger
Shares in Poundland have jumped 5.5% this morning as investors reacted positively to news that its £55m acquisition of rival 99p Stores can now go ahead.
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City snapshot: Poundland takeover of 99p Stores gets green light
Poundland’s £55m takeover of rival discounter 99p Stores has been provisionally cleared by the competition watchdog after facing in-depth scrutiny over the past few months.
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Media Bites 25 August: Black Monday, Asda Income Tracker, Monsanto
The business sections of today’s papers are dominated by coverage of values on stock markets round the world plunging on ‘Black Monday’
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Stock Spirits aims to treble UK revenues
European drinks group Stock Spirits has set its sights on trebling sales in the UK over the next two years after trading difficulties in Poland led to sales and profits plunging in its first half.
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City snapshot: Naked Wines launches 'text for wine' service
Online crowd funded retailer Naked Wines continues to seek a boost in the fortunes of new owner Majestic Wine
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Media Bites 24 August: Tesco, BHS, Amazon Fresh
Tesco now looks set to lose out on the sale of its Korean business as well thanks to a slide in the local currency
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Analysis and Features
Orange supply squeeze puts pressure on juice suppliers
An expected shortage of fresh oranges from Spain is set to squeeze juice supplies
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Analysis and Features
Can Andy Clarke deliver recovery with Asda backs to the wall?
Clarke promises turnaround after worst performance in its history
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WH Smith ignores VAT furore as it beats profit forecasts
Shares in WH Smith fell 1.3% today after the retailer avoided any mention of the ongoing row over alleged pocketing of VAT savings at airports.
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Tossed hits fundraising target with support from Andy Murray
Food-to-go retailer Tossed has smashed its fundraising target of £750,000 on crowdfunding platform Seedrs with help from tennis world number two Andy Murray.
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City Snapshot: Profit warning at Carlsberg as Europe proves tough for new CEO
Carlsberg’s new CEO has issued a profit warning in his first set of results this morning thanks to market decline
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Media Bites 19 August: M Local, M&S, Asda
Convenience veteran Mike Greene has emerged as the frontman for investment firm Greybull’s bid to takeover M Local; more boardroom upheavel at M&S and Asda’s woes make the papers today.
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Analysis and Features
Clarke relies on green shoots as Asda reaches ‘nadir’
Andy Clarke today confidently declared that the worst was now over for Asda
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News
City snapshot: McColl's refinance £100m bank facilities
C-store operator McColl’s Retail Group has refinanced its £100m funding arrangements with four banks despite its existing facilities still having three more years to run.
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Media Bites 18 August: Amazon, dairy crisis, Cargill
The papers are dominated by the fallout from a report published by the New York Times over the weekend into Amazon’s working conditions and practices.