Monthly Archives: April 2018

Market report: Glencore tarnished by $3bn lawsuit

Miner Glencore plumbed the depths after fears about its copper production in the Democratic Republic of Congo surfaced amid a $3bn (£2.17bn) lawsuit. Israeli businessman Dan Gertler served freezing orders on Glencore’s key copper and cobalt assets in the African […]

UK faces ‘binary choice’ of EU or US trade, MPs warn

The UK is facing a binary choice between a deep trading relationship with the EU or the US, according to a report from MPs on the International Trade Committee (ITC). Efforts to drop regulations in a bid to land a […]

Holland & Barrett avoids high street blues as demand for health food booms

Holland & Barrett shrugged off the misery hitting the high street to post its ninth consecutive year of like-for-like sales growth as customers continued to opt for healthier products. Holland & Barrett, which is the largest health food chain in […]

Conviviality turned down 11th-hour rescue

Collapsed retailer Conviviality rejected an 11th-hour rescue deal that would have secured the final £18m needed to save the Bargain Booze owner, an investor has revealed. Crystal Amber, the Aim-listed activist investor, made a written offer to the company to […]

What the Sainsbury’s-Asda deal means for shoppers?

Sainsbury’s and Asda have revealed more about their shock £15bn tie-up, which – if approved by shareholders and regulators – would create the biggest grocer in the UK. The deal would shake up the retail industry and make a real […]

Menu price rises help McDonald’s counter the cost of Trump tax reforms

Menu price rises in the US helped McDonald’s counter the costs of implementing President Donald Trump’s massive tax reforms. The company – reputedly one of the President’s favourite restaurant chains – said its earnings per share rose 17pc to $1.72 […]

Northern housebuilder Avant Homes eyes £1bn a year turnover on booming demand

Northern housebuilder Avant Homes has unveiled plans to more than double its turnover in the next five years as the market for low-cost housing shows no signs of cooling. The company is expected to meet its target of reaching £500m […]

Aviva fights to restore trust with payout after botched attempt to ditch share plan

Aviva has promised to compensate around 2,000 people who lost money after selling their high-paying preference shares in the company last month when the insurer unsuccessfully tried to cancel them. Shares in the so-called ‘prefs’ crashed after the FTSE 100 […]

Mecca Bingo owner Rank back to full house with hire of new boss

Gambling industry stalwart John O’Reilly will take over as boss of Grosvenor Casinos and Mecca Bingo owner Rank just months after incumbent Henry Birth announced his resignation. Mr O’Reilly, who has stepped down from the board of William Hill to […]

Sainsbury’s and Asda promise price cuts and no store closures in £15bn mega-merger

Supermarket giants Sainsbury’s and Asda have confirmed they plan to merge in a blockbuster deal that would hand Asda’s current owner Walmart around £3bn in cash and a 41pc stake in the combined business. Reports of a deal, which first […]