Monday, January 22, 2018

“Random theft” forces SuperGroup to reveal 53.1% jump in profits

Fashion retailer SuperGroup has been forced into revealing its full year profits ahead of schedule after a draft of their preliminary results was stolen from an employee.
JD Sports

JD Sports’ trading update sees stocks plummet

JD Sports has issued a trading update ahead of today‘s annual general meeting, assuring investors that sales are in line with expectations.
Co-Op group

Co-op Group cuts ties with Co-op Bank amid 2nd rescue deal

The Co-op Group is set to cut ties with its eponymous banking arm, after a £700 million rescue deal with its US hedge fund owners saves it from collapse.

Tesco calls on CMA to speed up merger decision

Tesco has called on the Competition and Markets Authority (CMA) to speed up its analysis of the its proposed deal with Booker.
Tesco Shareholders

Thousands more jobs axed at Tesco

Tesco cuts 1200 jobs as part of its cost reduction strategy, just a week after announcing over 1000 staff redundancies.
Dixons Carphone results

Dixons Carphone posts double digit growth

Dixons Carphone results smashed expectations of a consumer spending hit posting a double digit jump in annual profits.

Ocado trials autonomous delivery technology

Online grocer Ocado has begun trials of a new self-driving truck that aims to become the UK‘s first autonomous delivery system.

Smiggle poised to double UK presence by 2019

Smiggle has announced it has put its “foot back on the accelerator” for UK expansion following a post-Brexit sales boost.

Sainsbury’s attempts to quell Nisa shop owner backlash

Sainsbury‘s has announced that Nisa shop owners will be able to maintain their independence after its proposed acquisition of the group following signs of a potential block of the deal among store owners, according to The Telegraph.
Letter 1

Holland & Barrett rakes in more potential bidders

Holland & Barrett has attracted the interest of heavyweight investment firm Letter 1 which counts former Lidl and Argos bosses as its advisors.

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