Walt Disney revenue sparkles at $13.5bn for fourth quarter of 2015 November 5, 2015 Revenue at The Walt Disney Company sparkled for its fourth quarter of 2015, coming in at $13.5bn (£8.88bn), up nine per cent from $12.4bn for its fourth quarter of 2014. Net income was reported at $1.6bn, up seven per cent from $1.5bn, equivalent to diluted earnings per share of 95 cent and 86 cent respectively. [...]
Food giant Kraft Heinz cooks up net sales of $6.1bn in first set of results after merging in July November 5, 2015 Food giant Kraft Heinz has revealed net sales of $6.1bn (£4bn) for its third quarter of 2015, up 136 per cent from $2.6bn for the same period last year. The company, known for kitchen staples like Heinz Tomato Ketchup, Philadelphia cream cheese and Maxwell House coffee, also reported a net loss of $303m after a [...]
Fast food chain Shake Shack shakes revenue up to $53.3m in third quarter of 2015 results November 5, 2015 Shake Shack has today reported total revenue of $53.3m (£35.1m) for its third quarter of 2015, an increase of 67 per cent from £31.8m from the same period last year. The fast-food chain also revealed net income for the period of $1.5m, up from $0.5m. Commenting on the company’s quarter, Randy Garutti, chief executive officer [...]
Vocalink is reportedly in talks to merge with rival Sia November 5, 2015 Payments infrastructure company Vocalink is reportedly in talks for a £2bn merger with Italian counterpart Sia. According to Sky News the discussions are said to be at a preliminary stage, and could take several months before an agreement is reached. Vocalink declined to comment. VocaLink runs the Faster Payments Service and BACs which handle trillions [...]
Martha Stewart Living Omnimedia revenue chopped 41pc to $17.5m for third quarter of 2015 November 5, 2015 Revenue for Martha Stewart Living Omnimedia has been almost chopped in half for its third quarter of 2015, dropping 41 per cent to $17.5m (£11.5m) from $29.6m in the same period last year. Despite this, the lifestyle company reported that it had edged closer to the black, with a net loss of $1.5m, compared to a [...]
Handbag designer Kate Spade fashions a net profit of $2.3m for third quarter of 2015 November 5, 2015 Kate Spade & Company revealed today that it had fashioned a net profit of $2.3m (£1.5m) for its third quarter of 2015, up from a net loss of $9.1m for the same period last year. The company, best known for its quirky range of women’s accessories, also announced a rise in net sales to $277m from [...]
Takeover Panel names and shames Credit Suisse, Freshfields Bruckhaus Deringer and Holman Fenwick Willan November 5, 2015 The British takeover watchdog took the rare step today of naming and shaming Credit Suisse, Freshfields Bruckhaus Deringer and Holman Fenwick Willan (HFW) for failing to disclose details about a controversial 2010 deal involving an Indonesian coal miner. The UK Takeover Panel said the investment bank and law firms had broken Canada’s [...]
Pure Gym speeds up £20m makeover of former LA Fitness sites November 5, 2015 Budget gym operator Pure Gym is flexing its muscles and speeding up £20m plans to revamp the 43 LA Fitness sites it acquired this summer. The chain, which beat off competition from rivals including Sports Direct to buy LA Fitness for an estimated £70m, has already refurbished and reopened three sites in Brighton, Bedford and [...]
Sports Illustrated publisher Time Inc net loss plunges to $913m November 5, 2015 Media company Time Inc, which publishes Sports Illustrated, InStyle and Time magazine, earlier today reported a net loss of $913m (£600m) for its third quarter of 2015, swinging from a net profit of $48m for the same period last year. Goodwill impairment of $952m, caused in part by falls in Time Inc’s share price, was [...]
High street retailer confidence rises ahead of Christmas November 5, 2015 High street retailers are feeling more confident about Christmas this year, with the majority predicting a rise in revenues according to research from Barclays, despite warnings from retailers including SuperGroup and Marks & Spencer of challenges ahead. Barclays said 79 per cent of retailers surveyed expect revenues to increase over the Christmas period compared to [...]
