Sazka mounts challenge against Camelot to take UK National Lottery licence October 4, 2020 European firm Sazka has mounted a challenge to take the licence to run the UK’s National Lottery from current operator Camelot for the first time since the prize draw’s launch in 1994. Sazka has entered the Gambling Commission’s competition to select an operator to run the National Lottery when Camelot’s licence expires in 2023. The [...]
Cineworld to close all UK theatres over Covid-19 film release delays October 4, 2020 Cineworld is reportedly drawing up plans to shutter its entire collection of cinemas across the UK and Ireland
Airbnb aims to raise roughly $3bn in IPO October 3, 2020 Home rental company Airbnb is aiming to raise around $3bn in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry. Airbnb will be one of the largest and most anticipated US stock [...]
Walmart confirms Asda sale to billionaire UK brothers in £6.8bn deal October 2, 2020 Asda is back in British ownership after Walmart today agreed a sale to the Blackburn-based Issa brothers in a £6.8bn deal.
Exclusive: Unilever’s Kingston campus plans unveiled October 2, 2020 Plans have been unveiled for a new Unilever headquarters in Kingston-upon-Thames, which will consolidate the conglomerate’s offices across London and Surrey. The developer, Cube Real Estate, has submitted a planning application for a mixed-use redevelopment, including two office buildings, a car park for electric vehicles and new homes. If the scheme is given the green [...]
Pepsico sales jump on demand for snacks during Covid-19 pandemic October 1, 2020 Pepsico reported a jump in sales in the third quarter, fuelled by demand for its snack brands including Doritos and Cheetos. Overall net revenue rose more than five per cent to $18.09bn in the quarter ended 5 September, beating analysts’ expectations of $17.23bn. Sales of snacks under the company’s Frito-Lay North America unit rose 7 [...]
Ocado sued by Norwegian tech firm over alleged patent infringement October 1, 2020 Shares in online supermarket Ocado dipped this afternoon after Norwegian tech firm Autostore announced it is suing the firm for alleged patent infringement. Ocado’s share price fell more than five per cent after Autostore said it had filed lawsuits in the UK and the US to prevent the FTSE 100 firm using retail storage and [...]
UK food exports fall but China brings home the bacon October 1, 2020 British food and drinks exports fell for the first time since 2015 in the first half of the year, with pork the only product to see a jump in sales due to massive exports to China. A new report from the Food and Drink Federation (FDF) showed that exports fell 13.8 per cent year-on-year to [...]
Halfords shares surge a fifth as wheels keep turning October 1, 2020 Shares in Halfords jumped over 20 per cent this morning as the firm said that the continuing numbers of new people taking to two wheels meant its half year profit would be higher than previously forecast. The FTSE 250 firm, which sells motoring and cycling products and services, said that profit was now expected to [...]