Shortsellers increase bets against Just Eat amid competition from Uber and Deliveroo April 29, 2019 Hedge funds have ramped up their bets against FTSE 100 giant Just Eat in recent months as they look to cash in on shareholder disruption and a slowdown in growth at the online takeaway player. The food delivery firm, which has been facing investor unrest in recent months as it fights to protect its market share against the [...]
Sainsbury’s launches UK’s first till-free grocery store April 29, 2019 Sainsbury’s is launching the UK's first till-free store at its Holborn Circus branch to allow customers to pay through their phones. Customers can use the Smartshop app to scan groceries as they go round the store, pay in the app and scan a code before leaving to confirm payment. Read more: DEBATE: Will the UK [...]
Avengers: Endgame smashes worldwide box office record, taking $1.2bn in debut weekend April 29, 2019 The newest Marvel film has beaten box office records with a huge $1.2bn (£929m) around the world in opening ticket sales. Read more: Avengers, Assemble: the business lessons to learn from Marvel's superheroes Avengers: Endgame, which opened in the UK on Thursday, has beaten the record set by the previous film in the Marvel superhero [...]
Hostelworld booking growth slows as firm implements turnaround plan April 29, 2019 Travel booking site Hostelworld reported slowing bookings growth as the firm implements a plan to return to profit. Gross bookings grew four per cent, the company said in its annual report this morning, however overall group bookings were flat due to the managed decline on the group’s supporting brands offsetting the growth in the Hostelworld [...]
Prime retail rents slip for embattled high street landlords April 28, 2019 Troubles for high street landlords deepened in the first three months of 2019, as tough trading conditions and store closures pushed down rents on prime retail properties. Read more: Laura Ashley shares hit all-time low as fashion retailer sounds alarm Rents at prime high street shops fell one per cent in the first quarter of [...]
Debenhams to close 22 stores in 2020 as lenders warn of 1,200 job losses April 26, 2019 Debenhams revealed its store closure plan this morning, with up to 22 stores expected to be shuttered in 2020. Around 1,200 jobs are at risk due to the two Company Voluntary Arrangements (CVAs), one for property and one for retail, the company said today. Read more: Debenhams owners to outline plans to shut 20 stores The [...]
Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 | City Talk By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
Laura Ashley shares hit all-time low as fashion retailer sounds alarm April 25, 2019 Shares in fashion retailer Laura Ashley hit an all-time low today after it issued a warning over its full-year results amid difficult trading conditions. Read more: Laura Ashley issues profit warning as sales slide The struggling brand saw its share price fall over 20 per cent this morning to 2.21p. It has since rebounded somewhat [...]
Competition watchdog kills Sainsbury’s £7.3bn Asda merger: What went wrong? April 25, 2019 Almost a year to the day since Sainsbury’s first revealed that it was in merger talks with Asda, it has all come crashing down. In late April 2018 the two retail giants were losing market share to German discounters Aldi and Lidl, and the threat of Amazon moving into the grocery sector was very real. [...]
Unilever: Why there’s lots to like about this FTSE 100 star April 25, 2019 | City Talk By Graeme Evans from interactive investor. These first quarter numbers have been well received, and this market favourite still has lots to go for. Unilever (LSE:ULVR) shares surged to within a few pence of a record high last week as first-quarter trading figures heightened focus on whether this defensive and reliable dividend payer can offer [...]
