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Retail
Cadbury Loses Royal Warrant After 169 Years as King Charles Updates List
December 23, 2024 09:07 PM AEDT| By Team Kalkine MediaHighlights:,Cadbury Loses Historic Royal Warrant:,Cadbury, a royal staple since 1854, is among 100 brands losing their warrants under King Charles III.,Mondelez Criticized for Russian Presence:,Cadbury’s owner, Mondelez, has faced scrutiny for its op...
Boohoo Group Completes £49.5m Sale of London Office to Strengthen Balance Sheet
December 23, 2024 07:13 PM AEDT| By Team Kalkine MediaHighlights,Sale Completed:,Boohoo sells its London office on Great Pulteney Street for £49.5 million.,Debt Reduction:,Proceeds will be used to fully repay the remaining term loan due in August 2025.,Strong Financial Position:,The company retains a £1...
Nestlé Expands Offerings with Protein Products Targeted at Weight-Loss Drug Users
December 19, 2024 03:17 AM AEDT| By Team Kalkine MediaHighlights:,New Product Launch:,Nestlé unveils Boost Pre-meal, a protein shot designed to support users of weight-loss medications.,Focus on GLP-1 Market:,Nestlé introduces food and drink solutions catering to individuals using GLP-1 receptor agonist...
JD Wetherspoon Chief Criticizes Guinness Maker Diageo Amid Supply Shortage
December 19, 2024 03:17 AM AEDT| By Team Kalkine MediaHighlights:,Guinness supply shortage has led to rationing in pubs across the UK, affecting consumer access to the iconic stout.,JD Wetherspoon’s chairman, Tim Martin, criticizes Diageo for failing to anticipate rising demand.,Diageo cites exceptional...
Marston’s Pub Group Increases Pint Prices to Offset National Insurance Hike
December 18, 2024 04:27 AM AEDT| By Team Kalkine MediaHighlights:,Price Hike for Pints:,Marston’s introduces a 10p increase per pint to offset higher national insurance costs.,Rising Business Pressures:,The pub group cites escalating operational costs across the hospitality sector.,Shares Dip:,Marston’s...
Canal+ Shares Plunge 19% After London IPO Amid Market Volatility
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Canal+ Shares Tumble:,The French TV and film company’s shares dropped 19.2% on its first trading day in London.,Valuation Decline:,Initial trading saw the Paddington and Bridget Jones maker valued at £2.3 billion.,Market Sentiment Mixed:,...
Guinness Shortages Force UK Pubs to Ration Amid Festive Rush
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Pubs Face Guinness Shortages:,Panic buying and a surge in demand have led to rationing of Guinness in the UK, with some pubs running out of supply.,Demand Boosted by "Guinnfluencers":,The drink's popularity has spiked among women and youn...
Frasers Group Granted Approval for Controversial 3.3 Million Sq Ft HQ Despite Local Opposition
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Massive Development Approved:,Frasers Group secures planning permission for a 3.3 million sq ft headquarters near Rugby, including warehouses, offices, and leisure facilities.,Green Belt Controversy:,The project faced opposition for causi...
Portmeirion Faces Challenging Year Amid Weak Sales and Supply Chain Disruptions
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Annual revenues are projected at £90 million, impacted by supply chain issues and reduced demand in key markets.,Sales in the US and South Korea fell by 6% and 13%, respectively, affecting overall performance.,Cost reduction measures and...
Boohoo Rejects Mike Ashley’s Board Nomination Amid Intensifying Tensions with Frasers Group
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Boohoo firmly opposes Mike Ashley joining its board:,The retailer stated it would not accept his appointment “under any circumstances.”,Frasers Group accused of conflicts of interest:,Boohoo cited "irreconcilable conflicts" linked to Ashl...
De La Rue Shows Resilience with Record Currency Orders Despite Profit Decline
December 12, 2024 10:38 PM AEDT| By Team Kalkine MediaHighlights:,Adjusted operating profit dipped slightly to £7.3 million in the first half of 2024, down from £7.9 million.,Currency order book surged to a five-year high, reaching £338 million, driven by significant polymer orders.,Full-year profit gui...
Proxy Advisers Oppose Mike Ashley’s Proposed Appointment to Boohoo Board
December 12, 2024 10:38 PM AEDT| By Team Kalkine MediaHighlights:,Glass Lewis and ISS recommend rejecting Frasers Group's proposal for Mike Ashley to join Boohoo's board.,Concerns raised over potential conflicts of interest and lack of governance commitments from Frasers.,Boohoo’s board and chairman emp...
Currys Warns of Price Increases Amid Rising Operational Costs
December 12, 2024 10:38 PM AEDT| By Team Kalkine MediaHighlights:,Costs to rise by £32 million annually due to Budget measures including higher national insurance and minimum wages.,Currys plans cost-saving strategies but warns some price increases are unavoidable.,First-half revenue grows 1% with £9 mi...
Diageo Set for 2025 Turnaround with Tequila and Whisky Driving Growth
December 12, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,UBS upgrades Diageo to 'buy' with growth prospects in Tequila and whisky brands leading the charge.,US spirits sector expected to rebound to 3% annual growth, with Diageo outpacing industry trends.,Price target raised to £29.20 as earning...
Marks & Spencer Experiences Festive Sales Surge in Grocery Sector
December 11, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Marks & Spencer grocery sales increased by 10.6% year-on-year in the lead-up to Christmas, as reported by NIQ.,Kantar highlighted that nearly one-third of UK households shopped for groceries at M&S during the three months to November.,Ant...
SSP Group to Launch Travel Food Services IPO in Strategic Push into Indian Market
December 11, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,SSP Group plans an IPO for its Indian joint venture, Travel Food Services (TFS), targeted for spring 2025.,SSP to increase its stake in TFS to 50.01% ahead of the IPO, strengthening its control over the venture.,The IPO aligns with SSP’s...
Inditex Reports Strong Profit Growth and Launches Logistics Expansion Plan
December 11, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights:,Inditex's pre-tax profit rose 9.9% to €5.8 billion during the first nine months of the year.,Sales increased by 7.1%, with strong performance across all concepts and channels.,A €1.8 billion two-year logistics expansion plan was announced...
British American Tobacco Targets Growth with New Category Products and Smokeless Vision
December 11, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights:,Revenue and adjusted profit align with low-single-digit organic growth guidance.,Profitability in non-tobacco products, such as vapes and nicotine pouches, continues to improve.,The company reaffirms commitment to transitioning into a “sm...
Boohoo Urges Shareholders to Reject Frasers Group Board Bid Amid Leadership Dispute
December 09, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Boohoo opposes Frasers Group’s attempt to secure board seats, citing conflicts of interest.,Proxy advisor ISS recommends shareholders reject resolutions to appoint Mike Ashley and Mike Lennon.,Boohoo remains focused on strengthening its le...
Inspecs Group Shares Drop Amid Slower Sales Growth and Deferred Orders
December 09, 2024 09:27 PM AEDT| By Team Kalkine MediaHighlights,Inspecs Group shares fell 18% after weaker-than-expected fourth-quarter sales growth.,Annual revenue forecast lowered to £197 million, with EBITDA below initial expectations.,New manufacturing facility in Vietnam positioned as a key growth...
AI on the Rise: A Look at Top AI Companies and Their Stocks