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Online takeaway food delivery service Just Eat has struck a deal to buy Menulog, a similar company operating in Australia.The deal will be funded by issuing new shares and will cost 855 million Australian dollars (£437 million).Menulog has 1.4 million active consumers registered to its service in Australian and New...
Hugo Boss, the luxury fashion brand released “unexpected and disappointing" first quarter figures for 2015. The company had to cut its sales targets as Russian and Chinese shoppers lost interest. Figures show that sales in China decreased by 3%, whilst menswear figures fell a massive 10% last year. Figures also revealed...
In the wake of the UK general election, the pound has increased nearly 2% to $1.55 after the results suggest David Cameron will continue as prime minister. CMC Markets spokesman, Jason Hughes said: "The market often likes a bit of consistency and stability and if the Conservatives are returned to power...
Siemens has confirmed plans to cut a further 4,500 jobs worldwide or 1% of its total global workforce, just months after the German industrial giant announced plans to slash more than 7,000 jobs.The news came after largest engineering company in Europe reported profits had fallen by 5% to €1.7 billion...
Fashion retailer Boohoo has had a positive year, as the company announced a pre-tax profits rise of 3% to £11 million for the year to February 28th. Meanwhile, revenue provided a year-on-year increase of 27% when it hit £139.8 million.Boohoo has put the achievements down to the successful launch of...
It has been reported that fashion brand Superdry, subsidiary of British parent company SuperGroup, has had another sales increase in its fourth quarter.In the 15 weeks to April 25th, like-for-like sales increased by 11.6%, the second time in a row that the company has hit double figures after seeing an...
Morrisons has managed to slow a slide in sales seen in recent results, despite a fall in overall trading space.In the 13 weeks to May 3rd, total sales excluding fuel were down 1.1% (down 5.1% including fuel) and like-for-like sales were down 2.9% (6.6% including fuel). Online contributed 1% to...
Private equity investment firm, Clayton Dubilier & Rice (CD&R), is reportedly talking with Chinese backers about a joint bid for New Look.CD&R, which employs former Tesco boss Sir Terry Leahy as an advisor, held initial discussions with Chinese investment firm CDH, concerning a joint offer for the British high street...
Supermarket giant Sainsbury’s has reported its first full-year loss in a decade, due to ongoing competition from other big supermarkets, discounters and online shopping.Underlying profit before tax was down 14.7% to £681 million, hit by a 1.9% fall in like-for-like sales, with a loss before tax of £72 million compared...
The newest member of the royal family, Princess Charlotte Elizabeth Diana of Cambridge, is expected to generate a £150 million annual boost for the British economy driven by a surge in retail sales.The Princess is already thought to be worth £80 million to the economy mere days after her birth...
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