Newsagent and convenience store firm McColl’s is set to raise £50 million through a flotation on the stock exchange as early as next month, according to reports.The group is currently owned by its management, led by founder James Lancaster who between them control 80% of the chain.The move is thought...
Premier Foods has announced a deal with US investment company The Gores Group which will see £45 million invested in its Hovis brand.Under the terms of the deal, the American firm will take 51% in the bread division of the British food group.Commenting on the transaction, Gavin Darby, chief executive...
DHL and FedEx have suspended deliveries to consumers in Russia, blaming the country’s tightening customs processes.In new rules put into place by the Russian government, extra documentation is now required when private individuals receive parcels from abroad, including passport information. ...
Fast food chain McDonald’s saw a slide in global sales for the last three months of its financial year, hit by a poor performance in Asia, the Middle East and Africa.Sales in its home market of the US dipped by 1.6%, with a bigger fall of 2.6% in Asia, the...
The FBI has warned retailers to prepare for a wave of cyber attacks that could infect point of sale (POS) systems. The move follows the discovery of 20 hacking cases last year using the same malware that infected Target Group around Christmas, in what is thought to be one of...
British workers have seen their take-home pay rise in real terms over the past year, according to Government figures.The report shows that wages rose 2.5% after taking into account cuts in national insurance and income tax, beating the Consumer Prices Index (CPI) inflation rate of 2.4% in the year to...
Pets at Home, The Card Factory, Game Group, McColl’s and Fat Face are all due for IPOs this year, according to reports.Currently owned by private equity companies, the retail companies are all thought to become public companies by the end of 2014, along with House of Fraser which could list...
Toymaker Hornby has said that sales for the financial year are due to be below expectations after major supply delays led to a £1 million loss.The issues, which have been on-going in recent months, have now “finally” been resolved, with Hornby ceasing trading with its major supplier of model railway...
Budget retailer Poundland saw record sales over the Christmas period, putting pressure on the supermarket sector. In the 13 weeks to December 31st, the retailer saw sales increase 12.4% with “good” like-for-like results.Jim McCarthy, chief executive, said: "Poundland’s single price point and our amazing value clearly resonated with shoppers everywhere.“There...
Worth Retail consultancy has announced that it is on the hunt for new retail businesses & entrepreneurs in the UK and have teamed up with Seedrs, the UK’s leading crowd funding experts, to invest £200k in the top 3 businesses they find.Worth is offering the winner up to £100,000 of...
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