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Jul 21, 2015

Royal Mail’s pick up in parcels offset by fewer letters

LONDON, July 21 (Reuters) – British postal firm Royal Mail
reported flat quarterly revenue as an improvement in
parcels trading on the back of longer opening hours and a drive
to win business with retailers was wiped out by a sharp fall in
letter volumes.

Royal Mail’s prospects hinge on its ability to cut costs and
modernise its operations in order to win more of a parcels
market buoyed by a boom in online shopping.

Jul 17, 2015

Online gambling firm 888 wins 900 million pound battle for Bwin.party

LONDON (Reuters) – Online casino and poker firm 888 (888.L: Quote, Profile, Research) won the battle for larger rival Bwin.party Digital Entertainment (BPTY.L: Quote, Profile, Research) on Friday, clinching a cash and stock deal worth almost 900 million pounds ($1.4 billion).

888, which itself rejected a takeover by Britain’s biggest bookmaker William Hill (WMH.L: Quote, Profile, Research) in February, had been battling against a 908 million pound offer from GVC Holdings (GVC.L: Quote, Profile, Research) for Bwin, which put itself up for sale last year.

Jul 17, 2015

Online gambling firm 888 wins $1.4 billion battle for Bwin.party

LONDON (Reuters) – Online casino and poker firm 888 won the battle for larger rival Bwin.party Digital Entertainment on Friday, clinching a cash and stock deal worth almost 900 million pounds ($1.4 billion).

888, which itself rejected a takeover by Britain’s biggest bookmaker William Hill in February, had been battling against a 908 million pound offer from GVC Holdings for Bwin, which put itself up for sale last year.

Jul 16, 2015

Sports Direct pledges deals to boost European ambitions

LONDON, July 16 (Reuters) – Sports Direct said it
expected to seal elusive European acquisitions over the coming
year to build on its dominance of the British sporting goods
retail market.

Founded and majority controlled by Newcastle United soccer
club owner Mike Ashley, the group has grown rapidly in Britain
through a mixture of M&A and cheap prices. However, a push to
replicate its success across continental Europe, a market eight
times the size of the UK, has proved slower going.

Jul 15, 2015

Wetherspoon warns of impact of higher staff wages on UK pubs

LONDON, July 15 (Reuters) – A higher minimum wage threatens
to put many British pubs out of business, JD Wetherspoon
said on Wednesday, warning of “unsustainable pressure” on an
industry struggling with taxes and competition from
supermarkets.

British finance minister George Osborne last week announced
a bumper pay increase in his first post-election budget, with
the current 6.50 pound ($10.20) minimum wage set to rise to a
7.20 pounds for those aged over 25 from next April.

Jul 7, 2015

ASOS lifts profit forecast after strong third quarter

LONDON, July 7 (Reuters) – British online clothing retailer
ASOS said demand for cut-price fashions abroad and
strong trading at home meant annual sales growth would hit the
top of forecasts, with profits also expected to edge up.

ASOS, which counts U.S. First Lady Michelle Obama among its
fans, forecast on Tuesday full-year sales at the higher end of
its 15-20 percent growth range and a pretax profit of 47 million
pounds ($73 million), up from 45 million previously.

Jul 3, 2015

Once an idol, now an enemy; Watson eyes Serena and rivals

LONDON (Reuters) – Serena Williams once featured among Heather Watson’s bedroom posters but after the Briton almost ran her idol out of Wimbledon on Friday, the game’s big hitters are now in her sights on court.

Watson, ranked 59th, was twice just two points away from sending shockwaves around the All England Club by knocking out the five-times champion in front of a rapturous home crowd but eventually came up short losing 6-2 4-6 7-5 in the third round.

Jul 3, 2015

Tennis-Once an idol, now an enemy; Watson eyes Serena and rivals

LONDON, July 3 (Reuters) – Serena Williams once featured among Heather Watson’s bedroom posters but after the Briton almost ran her idol out of Wimbledon on Friday, the game’s big hitters are now in her sights on court.

Watson, ranked 59th, was twice just two points away from sending shockwaves around the All England Club by knocking out the five-times champion in front of a rapturous home crowd but eventually came up short losing 6-2 4-6 7-5 in the third round.

Jul 3, 2015

Serena survives almighty Watson scare to advance

LONDON (Reuters) – World number one Serena Williams survived an almighty scare at Wimbledon on Friday, battling back to beat Britain’s Heather Watson in three sets and stay on course for a 21st grand slam title.

Williams, who has lifted this year’s Australian and French Open titles, was forced to dig deep in front of a raucous home crowd after an error-strewn showing against the superb Watson, recovering from 3-0 down in the final set to win 6-2 4-6 7-5.

Jul 3, 2015

Tennis-Serena survives almighty Watson scare to advance

LONDON, July 3 (Reuters) – World number one Serena Williams survived an almighty scare at Wimbledon on Friday, battling back to beat Britain’s Heather Watson in three sets and stay on course for a 21st grand slam title.

Williams, who has lifted this year’s Australian and French Open titles, was forced to dig deep in front of a raucous home crowd after an error-strewn showing against the superb Watson, recovering from 3-0 down in the final set to win 6-2 4-6 7-5.

    • 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
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