Company News Reporter, London
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Sep 25, 2013

Selling pizza to the Germans proving tough for Britain’s Domino’s

LONDON/FRANKFURT, Sept 25 (Reuters) – Can a British food
chain with U.S. origins sell Italian pizza to the Germans?

Domino’s Pizza is sure it can, but two years after
launching a drive for explosive growth across Germany, Britain’s
biggest pizza delivery firm accepts that expansion will take
longer and be harder than first expected.

Sep 18, 2013

JD Sports optimistic on turnaround at Blacks, Millets

LONDON (Reuters) – JD Sports Fashion (JD.L: Quote, Profile, Research, Stock Buzz) is confident of turning round its fashion and outdoor businesses Blacks and Millets after the clothing and footwear retailer’s first-half profits surged on the back of strong demand at its sports stores.

Healthy sales of the latest footwear from upmarket brands like Adidas and Nike helped JD Sports profit before tax and exceptional items for the six months to August 3 rise to 10 million pounds ($16 million) from 2.9 million a year ago.

Sep 13, 2013

Pub firm JD Wetherspoon sets sights on Ireland

LONDON, Sept 13 (Reuters) – Britain’s JD Wetherspoon
said it is set to open its first pubs in the Republic of Ireland
this year with the aim of expanding to up to 30 sites in the
longer term.

The firm, which on Friday reported an expected 6.3 percent
rise in annual profit to 76.9 million pounds ($122 million), has
grown to over 880 pubs in Britain on the back of popular
value-led promotions like “curry club” and “beer and a burger”
offers.

Sep 12, 2013

Government to float Royal Mail within weeks

LONDON (Reuters) – Britain embarked on its largest privatisation in decades on Thursday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service.

The Department for Business said a stock market flotation would take place in coming weeks, giving the public a chance to buy into the postal network. Ten percent of the shares will be given to Royal Mail staff.

Sep 12, 2013

Britain to float Royal Mail within weeks

LONDON (Reuters) – Britain embarked on its largest privatization in decades on Thursday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service.

The Department for Business said a stock market flotation would take place in coming weeks, giving the public a chance to buy into the postal network. Ten percent of the shares will be given to Royal Mail (IPO-RMG.L: Quote, Profile, Research, Stock Buzz) staff.

Sep 11, 2013

Sports Direct extends winning run as heads for FTSE 100 index

LONDON (Reuters) – Sports Direct, Britain’s biggest sporting goods retailer, posted a big rise in sales on Wednesday, as shoppers snapped up its cut-price deals and helped sustain a strong run for the shares that is set to take them into the FTSE 100 index.

The firm, controlled by billionaire Newcastle United soccer club owner Mike Ashley, said trading in the 13 weeks to July 28 had beaten its expectations, with group sales of everything from footwear to soccer shirts and gym kit jumping 18 percent on the same period last year to 613.3 million pounds.

Sep 11, 2013

Sports Direct posts sales rise as FTSE 100 debut nears

LONDON, Sept 11 (Reuters) – Sports Direct, Britain’s
biggest sporting goods retailer, posted an 18.2 percent rise in
first-quarter sales, sustaining a strong performance that is set
to lift it into the UK’s leading share index.

The company, controlled by billionaire Newcastle United
soccer club owner Mike Ashley, said trading in the 13 weeks to
July 28 had been ahead of its expectations, with group sales
reaching 613.3 million pounds ($964 million) versus 519 million
a year earlier.

Sep 10, 2013

Whitbread’s Premier Inn hotels boosted by London demand

LONDON, Sept 10 (Reuters) – The return of business
travellers and tourists lifted revenues for Britain’s Whitbread
at its Premier Inn London hotels this summer, despite
expectations of a slump after last year’s Olympics, though
conditions outside the capital were tougher.

The UK’s biggest hotel and coffee shop operator, which also
owns Costa Coffee and the Beefeater and Brewers Fayre restaurant
chains, reported on Tuesday underlying sales across the group
rose 2.1 in the 11 weeks to Aug. 15, its fiscal second quarter.

Aug 29, 2013

Serco vows to fix UK government contract problems

LONDON, Aug 29 (Reuters) – Outsourcing group Serco
promised to fix any wrongdoing by its staff which could put at
risk millions of pounds of British government contracts that
make up a large chunk of its earnings.

Serco is facing the threat of exclusion from future work
after the government revealed serious faults with its prisoner
escort services late on Wednesday. All its government work was
put under review in July, following problems with an electronic
tagging contract.

Aug 28, 2013

New G4S boss starts turnaround with $541 million share sale

LONDON (Reuters) – G4S (GFS.L: Quote, Profile, Research, Stock Buzz), the world’s largest security services firm, raised 348 million pounds ($541 million) through a share sale with more to come from asset disposals as its new boss seeks to cut debt and focus on emerging markets growth.

Chief Executive Ashley Almanza, a former executive at oil and gas firm BG Group (BG.L: Quote, Profile, Research, Stock Buzz), was promoted from finance chief in June after a string of blunders by his predecessor Nick Buckles, including a failed takeover bid in 2011, a botched contract to staff the 2012 Olympics and a profit warning in May.

    • 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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