High street – Page 63
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Comment & OpinionThorntons and Ferrero may rediscover the magic
Feedback on Thorntons and Ferrero, and Waitrose PYOO
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Analysis & FeaturesFerrero take over of Thorntons raises more questions than answers
Thorntons shares shot up by more than 40% this morning after news emerged that a takeover bid from Italian chocolate giant Ferrero valued it at £111.9m. But what are the key questions around what a Ferrero-owned Thorntons would look like?
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NewsThorntons shares soar on Ferrero takeover offer
Shares in UK-listed chocolatier Thorntons have rocketed up 43% after news broke this morning that Italian chocolate manufacturer Ferrero has agreed to pay 145p a share to buy UK-listed chocolatier Thorntons, valuing the company at £112m.
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NewsHigh street 'turns a corner' in survival battle
Research suggests fall in number of administrations and rise in administration survival rates
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NewsBusiness rates warning for government
Official bodies suggest that unless radical changes are made to the business rates system, businesses could face a 60% rate of tax by 2022
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NewsBRC launches new brand identity and logo
The organisation said it was important to refresh its brand so that it can continue to stand at the forefront of the dynamic retail industry
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NewsBRC calls for government clarity over business rates
Group admits government does not have enough time to draw up new roadmap before 2017
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NewsACS calls for big changes to current business rates system
Most retailers would prefer to stick with the property based system of business rates, rather than change to a fundamentally new basis of taxation
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NewsRobust growth for grocers but challenges remain – CBI
Food retailers reported “robust” growth in sales volumes in the year to May, according to the CBI’s latest quarterly survey.
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NewsM&S profits rise as food ‘outperforms’ the market and capex tap is turned off
Marks & Spencer was one of the biggest risers on the FTSE 100 today after posting a 3.4% rise in pre-tax profits to £600m.
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NewsBusiness tax rate review announced by government
The review, set to report in 2016, would look at how businesses use property, what the UK can learn from other countries, and how to modernise the system
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NewsM&S updates Chinese expansion plans
Marks & Spencer updates with Asian growth plans as it reaffirms commitment to entering Beijing
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NewsThorntons profits hit by major supply reductions
Chocolatier Thorntons has reported a 10% fall in first half profits due to an “unanticipated” plunge in sales to two major grocers
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NewsCity snapshot: Supermarket price war derails Thorntons' strategic plans
Thorntons’ shift from a retail-focussed business to an fmcg supplier is not quite going according to plan after a 10% fall in first half pre-tax profits. Plus, this week’s City diary and all the latest news from the market.
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Analysis & FeaturesThe Grocer Says: What's going on at Thorntons?
It has been a strange week for the share price of Thorntons as it plunged more than 20% since Monday, but just what is behind the drop?
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NewsBest Small Shops winner announced
A North Yorkshire delicatessen has been named winner of this year’s Best Small Shops Competition
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NewsFootfall levels up 1.5% for out-of-town stores, high street footfall decline slows
Rise ”reflects strong consumer confidence,” says BRC
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NewsBestway renames Co-op pharmacies
Chain of 780 properties to be named Well Pharmacy, comes with further £200m investment in the company
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Comment & OpinionWhy the high street should be afraid of Amazon rumours
The prospect of Amazon moving into bricks and mortar should send shivers down the spine of retailers
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NewsFarm Shop & Deli Awards 2015 winners announced
500 entries were whittled down to 12 category winners