Company News Reporter, London
Neil's Feed
Mar 28, 2013

Camera retailer Jessops returns for a second shot

LONDON (Reuters) – Britain’s squeezed high street will receive a much-needed boost on Thursday when camera specialist Jessops is brought back to life by a well-known entrepreneur less than three months after its collapse.

Peter Jones, whose investments span the food, entertainment and media sectors, will reopen six Jessops stores this week, with up to 30 more opening next month.

Mar 28, 2013

British camera retailer Jessops returns for a second shot

LONDON, March 28 (Reuters) – Britain’s squeezed high street
will receive a much-needed boost on Thursday when camera
specialist Jessops is brought back to life by a well-known
entrepreneur less than three months after its collapse.

Peter Jones, whose investments span the food, entertainment
and media sectors, will reopen six Jessops stores this week,
with up to 30 more opening next month.

Mar 27, 2013

Owner of London Eye planning share sale

LONDON, March 27 (Reuters) – Merlin Entertainments Group,
the private-equity backed owner of Madame Tussauds and Legoland,
is preparing to go public in either London or New York and has
been meeting with potential investors, its chief executive said
on Wednesday.

The world’s second largest visitor attraction operator
behind Walt Disney, had revenue of over one billion
pounds for the year to Dec. 29 2012, and was valued at 2.25
billion pounds ($3.41 billion) in 2010 when private equity firm
CVC Capital Partners bought a stake.

Mar 26, 2013

G4S readies guards as Cypriot banks prepare to open

LONDON (Reuters) – A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.

The world’s largest security firm, G4S, moves cash and will provide guards for Cypriot lenders including Bank of Cyprus and Cyprus Popular Bank, the two biggest, which are to be combined and see large depositors’ accounts frozen under a bailout agreed at the weekend.

Mar 20, 2013

Osborne raises some cheer with beer duty cuts

LONDON (Reuters) – Chancellor George Osborne scrapped the above-inflation beer tax rises on Wednesday and cut one pence off a pint, cheering drinkers and providing some relief for a pub sector still enduring 18 closures a week.

The much criticised beer duty escalator, put in place to push the levy up by 2 percent on top of inflation every year until 2015, has seen the tax on beer grow 42 percent since the previous Labour government introduced it in 2008.

Mar 20, 2013

Britain’s Osborne raises some cheer with beer duty cuts

LONDON, March 20 (Reuters) – Britain’s finance minister
George Osborne scrapped the country’s above-inflation beer tax
rises on Wednesday and cut one pence off a pint, cheering
drinkers and providing some relief for a pub sector still
enduring 18 closures a week.

The much criticised beer duty escalator, put in place to
push the levy up by 2 percent on top of inflation every year
until 2015, has seen the tax on beer grow 42 percent since the
previous Labour government introduced it in 2008.

Mar 20, 2013

ASOS sales surge again on strong home demand

LONDON, March 20 (Reuters) – British online fashion retailer
ASOS posted a 37 percent rise in second quarter sales,
buoyed by a better than expected home performance and strong
overseas growth.

ASOS, whose celebrity fans include United States First Lady
Michelle Obama, said on Wednesday retail sales had risen to 186
million pounds ($281 million) in the three months to Feb. 28.

Mar 14, 2013

Home Retail lifts profit forecast as Argos sales rise

LONDON, March 14 (Reuters) – Home Retail, Britain’s
biggest household goods retailer, posted a sales surge at Argos
and upgraded its annual profit forecast for the second time in
2013, sending its shares soaring.

The group, which in January raised its full year profit
forecast by 10 million pounds to 83 million, said it now expects
pretax profit to be around 90 million pounds ($134 million)
after fourth-quarter underlying sales at Argos rose 5.2 percent.

Mar 13, 2013

G4S eyes acquisitions in India, Middle East

LONDON (Reuters) – Security group G4S (GFS.L: Quote, Profile, Research) said increasing work and acquisition opportunities in emerging markets would drive growth in 2013 as it looks to recover from an Olympic staffing fiasco which hit performance in 2012.

The world’s No. 1 security group, which sparked fury last year when it failed to provide a promised 10,400 venue guards for the London Games, is eyeing acquisitions in India and the Middle East to help it towards a target of growing emerging markets revenue to 50 from 33 percent of the group by 2019.

Mar 13, 2013

G4S turns to emerging markets after 2012 Olympic blunder

LONDON, March 13 (Reuters) – Security group G4S said
increasing work and acquisition opportunities in emerging
markets would drive growth in 2013 as it looks to recover from
an Olympic staffing fiasco which hit performance in 2012.

The world’s No. 1 security group, which sparked fury last
year when it failed to provide a promised 10,400 venue guards
for the London Games, is eyeing acquisitions in India and the
Middle East to help it towards a target of growing emerging
markets revenue to 50 from 33 percent of the group by 2019.

    • About Neil

      "I'm a company news reporter covering the retail and leisure sectors. Based in London I write on everything from the big retailers to fashion chains, hotels, drinks firms, pubs and coffee shops. I've previously covered the outsourcing sector and before that worked on Reuters sport for three years. You can follow me on Twitter @ReutersMaidment"
      Joined Reuters:
      2008
    • More from Neil

    • Contact Neil

      Phone:
      0207 542 2292
    • Follow Neil