Pure Gym gathers sufficient investor interest but pulls London listing October 10, 2016 Britain's largest gym chain will pull its planned London listing tomorrow after concerns from board members over challenging initial public offering market conditions. Pure Gym had planned a £190m share sale and it is understood that the company had gathered sufficient investor interest for the proposed listing. Read more: Pure Gym unveils plans to float on London [...]
Third quarter results reveal steady growth at Moet Hennessy Louis Vuitton October 10, 2016 Luxury goods group Moet Hennessy Louis Vuitton reported a positive first nine months of the year with sales of over €26bn. Like-for-like sales increased by five per cent in the first nine months compared with 2015 and all five of its divisions revealed solid single-digit growth. Read more: I'll drink to that: LVMH boss gets on board with wine app The Paris-based group [...]
Megabrew: Anheuser-Busch InBev and SABMiller tie-up due to close today October 10, 2016 The £79bn Megabrew merger between Anheuser-Busch InBev (AB InBev) and SABMiller is due to become effective this evening, closing one of the UK's largest ever corporate deals. The tie-up is due to come into effect at or around 7pm this evening (8pm Brussels time) and shares in the newly-merged company will list on Euronext Brussels, [...]
Retail lobby group British Retail Consortium urges government to protect consumers from rising costs post-Brexit October 10, 2016 The British Retail Consortium (BRC) has urged the government to secure a Brexit deal that avoids rocketing prices for consumers. Writing to Liam Fox, the secretary of state for international trade, the BRC said that the retail industry, as the UK's biggest importer, needs tariffs and import costs to remain low. Read more: Retailers in Mayfair [...]
Donald fails to trump Hillary as Clinton storms ahead in betting polls with chances that have “never looked stronger” October 10, 2016 Some commentators have chalked up the second US presidential election debate as a win for Republican hopeful Donald Trump. But Clinton's chances have "never looked stronger", according to betting experts Smartbets – and other bookies agree. At the town hall-style debate last night, Democratic nominee Hillary Clinton and Trump came to blows over taxes, Clinton's email saga [...]
Make America Great Again: This is where you can buy Kenneth Bone’s red knit jumper October 10, 2016 Forget Donald or Hillary, Kenneth Bone was the stand-out star of the US Presidential Election debate last night. In a sometimes shocking debate, Bone was an instant hit on Twitter when he raised the tone with an intelligent question about the candidates' energy policies. Read more: In quotes: The most shocking moments from the US presidential debate [...]
Just Eat cooks up £3.5m investment for Time Out associate tech group Flypay October 10, 2016 Takeaway giant Just Eat has funnelled a £3.5m investment into Time Out associate tech company Flypay. The mobile payment app is part of Time Out's strategy to monetise local businesses and plays an "important role" in its strategy to transform into a global multi-media and entertainment business. Time Out, which recently listed on London's junior market, will now [...]
BHS.com’s average order value jumps in its first week of trading October 9, 2016 Customers of BHS.com spent more on their individual orders in its first week of trading, a sign that the recently relaunched online retailer's strategy is paying off. BHS.com said that the average order value rose to £65 between the 29th September and 5th October, up from £50 on its old website before the company stopped trading. Read more: [...]
Ted Baker’s on track for a boost in pre-tax profits October 9, 2016 Brexit blues aren’t expected to hit Ted Baker’s stride anytime soon. The retailer is forecast to post six-month profits in the realms of £19m-£21m – up on £17m for the same time last year. Analysts at Exane BNP Paribas describe it as a brand with “growing desirability”, noting it has delivered stable, consistent growth for nearly 30 [...]
