Shop Direct swings to a loss as rising costs and PPI claims hit profits September 19, 2018 Littlewoods owner Shop Direct has moved into the red in the last 12 months, as rising construction costs for new distribution centres and mounting PPI mis-selling claims mount up for the online retailer. Pre-tax losses hit £24.7m in the year leading up to the end of June 2018, compared with profits before tax of £24.9m [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
Brewdog takes on the big dogs – will its advertising cut through with mainstream beer drinkers? September 19, 2018 In its well-documented climb from independent disruptor to industry giant, craft beer brand Brewdog has successfully created a unique name for itself, now sitting at the top of the shelf alongside major industry names. When it comes to shock factor, Brewdog is rarely one to hold back. Back in spring the brand was criticised for [...]
Brewdog takes on the big dogs – will its advertising cut through with mainstream beer drinkers? September 19, 2018 In its well-documented climb from independent disruptor to industry giant, craft beer brand Brewdog has successfully created a unique name for itself, now sitting at the top of the shelf alongside major industry names. When it comes to shock factor, Brewdog is rarely one to hold back. Back in spring the brand was criticised for [...]
Escape Hunt finds it tough to break out of losing streak as profits fall September 18, 2018 Escape room sector heavyweight Escape Hunt reported declining profits in its interim results as the company works to build up resources in its head office. The figures Escape Hunt, which runs escape room experiences including an upcoming Doctor Who themed room, said revenue soared in the last year from £193,000 to £800,000. But gross profit [...]
Escape Hunt finds it tough to break out of losing streak as profits fall September 18, 2018 Escape room sector heavyweight Escape Hunt reported declining profits in its interim results as the company works to build up resources in its head office. The figures Escape Hunt, which runs escape room experiences including an upcoming Doctor Who themed room, said revenue soared in the last year from £193,000 to £800,000. But gross profit [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]