Competition watchdog suspends legal action against ticket reseller Viagogo September 5, 2019 The competition watchdog has suspended court action against Viagogo, saying the ticket resale site had addressed its concerns about how key information was presented to customers. The Competition and Markets Authority (CMA) had launched legal proceedings against Viagogo for contempt of court after the firm allegedly failed to comply with an earlier court order. Read [...]
Grant Thornton set for scrutiny as Patisserie Valerie handed to liquidators September 5, 2019 Embattled auditor Grant Thornton is set to face renewed scrutiny as Patisserie Valerie’s liquidators prepare to pursue claims against third parties connected to a multi-million pound hole in the cafe chain’s finances. Administrators KPMG will pass the case on to FRP Advisory later this month. Read more: Patisserie Valerie appoints administrators for Grant Thornton probe [...]
Boden CEO steps down as retailer warns of tough year ahead September 5, 2019 Boden chief executive Jill Easterbrook has quit after three years in the role, the retailer announced today, as the fashion brand warned 2019 profit would take a hit from investment in its multi-channel offering. Easterbrook, a former executive at Tesco, will step down at the end of the year to develop a non-executive director portfolio, [...]
Asda under pressure as workers stage nationwide protests over new contract September 5, 2019 Asda is set to face renewed pressure over the implementation of a controversial new contract as disgruntled employees stage protests outside stores. GMB Union members will protest at 15 Asda stores across the UK today, including three London branches, over the new flexible working arrangement. Read more: More than 150 MPs demand Asda backs down [...]
Natasha’s law to prevent allergy deaths comes into force after Pret teenager died on plane September 5, 2019 A law in memory of tragic Pret a Manger allergy teenager Natasha Ednan-Laperouse has been laid in front of parliament today, making sure that allergens are properly listed in cafes across the country. Natasha’s Law will close a loophole which allowed food that was prepared on the premises to be sold without an allergy warning. [...]
Boohoo shares soar as online retailer boosts full-year guidance September 5, 2019 Shares in online retailer Boohoo soared to an all-time high this morning after the fast fashion firm increased sales growth guidance for the year. Boohoo’s share price was up 15.37 per cent to 280.7p after the company announced sales growth would be between 33 per cent and 38 per cent, against previous guidance of 25 [...]
Tool hire firm HSS claws its way back with narrower losses September 5, 2019 Tool hire company HSS has reported a substantial narrowing in pre-tax losses for the first half, despite increased expenditure. The figures Pre-tax loss was down almost 28 per cent to £7.4m, compared to £10.2m for the first half of 2018, the company said. Revenue grew 3.9 per cent to £161.4m during the first half, up [...]
Dixons Carphone posts slump in mobile phone sales September 5, 2019 Dixons Carphone posted a double-digit drop in mobile phone sales during the last quarter, but said today that it was still on track to meet its financial guidance for the year. The consumer electronics giant, which has been hit by a growing volume of customers keeping their handsets for longer and going for SIM-only deals [...]
William Hill chief exec to depart as losses hit bookmaker September 5, 2019 William Hill’s CEO is set to step down at the end of this month amid turbulent times for the UK’s high street bookmaker. Philip Bowcock will quit the top job and his role as company director on 30 September to make way for the bookie’s chief digital officer, Ulrik Bengtsson, to take the reins. Read [...]
Starbucks takes hit as 2020 profit growth seen to be lower than expected September 4, 2019 Starbucks fell on the markets today after it warned that 2020 profit growth will come in under its current 10 per cent. Shares in the company dipped two per cent on the news. Read more: Starbucks delivery expands across central London while company continues green push The announcement was made by finance chief Patrick Grismer, [...]
