Company News Reporter, London
Neil's Feed
Oct 21, 2013

Madame Tussauds owner Merlin to join London stock market

LONDON, Oct 21 (Reuters) – Merlin Entertainments, whose
attractions include the Madame Tussauds waxworks and Legoland
theme parks, plans to sell at least 20 percent of its shares in
a stock market debut in London next month.

Stronger equity markets have helped to support a pick-up in
new London listings after several years of drought.

Oct 16, 2013

Workers at newly privatized Royal Mail to strike November 4

LONDON (Reuters) – Workers at Britain’s newly privatized Royal Mail (RMG.L: Quote, Profile, Research, Stock Buzz) postal service voted on Wednesday to strike for 24 hours on November 4 if they cannot reach agreement with the firm on pay and working conditions.

The management of Royal Mail, which listed on the London stock market in a high profile float last week, had expected a vote in favor of strike action and criticized the prospect of a disruption to services in the run-up to Christmas, its busiest time.

Oct 16, 2013

Workers at newly privatised Royal Mail to strike Nov. 4

LONDON, Oct 16 (Reuters) – Workers at Britain’s newly
privatised Royal Mail postal service voted on Wednesday
to strike for 24 hours on Nov. 4 if they cannot reach agreement
with the firm on pay and working conditions.

The management of Royal Mail, which listed on the London
stock market in a high profile float last week, had expected a
vote in favour of strike action and criticised the prospect of a
disruption to services in the run-up to Christmas, its busiest
time.

Oct 2, 2013

Tesco’s UK problems exposed by Sainsbury’s surging sales

LONDON, Oct 2 (Reuters) – Tesco, Britain’s biggest
retailer, posted flat sales 18 months into a 1 billion pound
($1.6 billion) recovery plan for its main home market, a lack of
growth exposed by accelerating sales at rival J Sainsbury
.

Tesco, the world’s No. 3 retailer behind France’s Carrefour
and U.S. leader Wal-Mart, was once the envy of
UK retailers but has been hurt by falling sales, costly failures
in U.S. and Japanese markets, and an expensive folding of its
unprofitable Chinese arm into a state-run firm.

Oct 1, 2013

Premier Foods to keep Hovis, eyes overseas partners

LONDON (Reuters) – Britain’s Premier Foods (PFD.L: Quote, Profile, Research, Stock Buzz) is focused on expanding Hovis bread, one of its biggest brands, and has no plan to sell the business for now, the company’s chief executive said on Tuesday.

The maker of Mr. Kipling cakes and Bisto gravy has spent years dealing with management changes, refinancing and asset disposals to help cut debt built up before the financial crisis, but its prospects have begun to improve and is now also looking for overseas growth.

Sep 27, 2013

Britain kicks off Royal Mail sale with $5.3 billion price tag

LONDON (Reuters) – Britain’s Royal Mail postal service should command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its stock market debut next month, the government said on Friday as it began taking orders for the selloff.

The sale would be one of Britain’s most significant privatizations since John Major’s Conservative government sold the railways in the 1990s and would give Royal Mail access to the private capital it says it needs to modernize and better compete in a thriving parcels market.

Sep 26, 2013

G4S and France’s Oberthur bid for BoE banknote contract – source

LONDON, Sept 26 (Reuters) – G4S, the world’s biggest
security firm, will team up with French group Oberthur
Technologies to bid for a 1 billion pound ($1.61 billion)
contract to supply Britain’s next wave of banknotes, a source
familiar with the situation said.

The Bank of England has invited bids for a new 10-year
contract to produce all its banknotes, which for the first time
could come in plastic form if the plans are given public backing
in December.

Sep 26, 2013

Drinks firm Stock Spirits plans London share market debut

LONDON, Sept 26 (Reuters) – Vodka maker Stock Spirits plans
to sell at least a quarter of its shares next month in a London
listing which could value it at up to 700 million pounds as it
looks to expand across eastern Europe.

The British-based firm, the biggest vodka producer in Poland
and the Czech Republic, said on Thursday it would raise 52
million pounds by selling new shares to pay down debt.

Sep 25, 2013

Selling pizza to the Germans proving tough for Domino’s

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

Domino’s Pizza (DOM.L: Quote, Profile, Research) 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 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.

    • 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

    • Follow Neil