Just Eat ready to serve up £9bn merger with Takeaway.com July 27, 2019 Just Eat is in talks over a £9bn merger with a rival based in Holland. The London-listed food delivery service and Takeaway.com have been in discussions for several weeks. Read more: Sports Direct hit by £605m tax bill and ‘terminal’ House of Fraser issues An agreement should be agreed as soon as the end of [...]
Sports Direct hit by £605m Belgian tax bill and ‘terminal’ House of Fraser problems July 27, 2019 As Sports Direct finally released its financial results yesterday following the close of the market, Mike Ashley admitted it may have been a mistake to buy House of Fraser last year. The sporting goods retailer delayed announcing its results, which are usually released before the market opens at the start of the day, on three [...]
Mike Ashley stays silent on Sports Direct as London Stock Exchange ends trading July 26, 2019 Sports Direct was meant to deliver a delayed set of results to the City today, but trading opened and closed and the only messages to come from Mike Ashley’s retailer were three further delays. The sportswear firm failed to update the market at 7am, before telling journalists to await an update at 12pm. Read more: [...]
ii view: Sales boom at Amazon, but so do costs July 26, 2019 | City Talk By Keith Bowman from interactive investor. Rising costs and disappointing profits overshadow further sales growth at the online retailer. Second-quarter results to 30 June 2019 Net sales up 20 per cent to $63.4 Operating income up 3.3 per cent to $3.1 billion Diluted earnings per share up 3 per cent to $5.22 Chief executive Jeff Bezos said: “Customers [...]
Confusion reigns as Sports Direct delays annual results again July 26, 2019 Sports Direct’s share price fell this morning as it delayed the release of its annual results ahead of today’s annual general meeting with shareholders. Billionaire Mike Ashley was due to release results for his company at 7am ahead of the London Stock Exchange’s open at 8am. Read more: Sports Direct shares plunge as it delays [...]
Superdry completes board line-up after exodus July 26, 2019 Superdry has filled the final two board positions left vacant after the reappointment of founder Julian Dunkerton sparked a mass exodus earlier this year. The retailer announced today that Georgina Harvey, who sits on the board of William Hill, McColls Retail Group and Big Yellow, has been appointed non-executive director and will chair the firm’s [...]
Sports Direct: What’s gone wrong for Mike Ashley? July 26, 2019 Even for an unpredictable retail tycoon like Mike Ashley, today’s strange turn of events is unprecedented. Sports Direct was set to release its full-year figures at 7am this morning, before suddenly postponing its statement and cancelling media interviews. Read more: Confusion reigns as Sports Direct delays annual results yet again With no explanation given as [...]
Mothercare share price slumps as retailer warns on profits July 26, 2019 Mothercare today warned that profits will not grow this year as “fragile” consumer confidence and political uncertainty hurt the retailer. Shares fell sharply on the news, down 8.9 per cent to just 18p, as investors sold out of the struggling high street store. Read more: Mothercare in talks to spin off struggling UK stores The [...]
Prime delivery race creates hurdles for Amazon July 25, 2019 Retail giant Amazon disappointed investors and analysts alike tonight, reporting profit for its second quarter well below estimates and breaking its long-running record earnings streak. Profit came in at $2.6bn (£2.1bn), or $5.22 per share, for the three months to the end of June. Analysts were expecting income of $5.57 per share. Amazon also said [...]
Mothercare in talks to spin off struggling UK stores July 25, 2019 Mothercare is set to sell or separate its 79 UK stores as part of the struggling retailer’s ongoing evolution towards an international franchising model. Read more: Mothercare annual loss jumps to £87m, delayed results reveal The retailer for parents and young children is in conversations with prospective groups about the deal, according to Sky News, [...]
