Paul's Feed
Mar 17, 2015

Just Eat orders up higher sales this year

LONDON, March 17 (Reuters) – Online takeaway food service
Just Eat said revenue would grow to more than 200 million
pounds ($298 million) this year, maintaining the momentum that
saw it beat market expectations in its first full-year results
since it listed in April.

The British company, which floated in London at 260 pence a
share, said it processed more than 60 million orders for
45,700 restaurants in 2014, led by demand for pizza and Italian
food more generally.

Mar 12, 2015

Supermarket price war hits profits at John Lewis Partnership

LONDON, March 12 (Reuters) – Britain’s John Lewis
Partnership said its upmarket chain Waitrose had not
been immune to the supermarket price war, resulting in a 9
percent fall in underlying profit and forcing it to cut its
staff bonus for a second year.

The 150-year-old employee-owned group, which runs Britain’s
biggest department store chain and its sixth-largest
supermarket, said Waitrose operating profit slumped 23.4 percent
due to brutally competitive market conditions and higher
investment costs.

Mar 12, 2015

Rivals call for BT break-up in review of UK telecoms sector

LONDON, March 12 (Reuters) – Broadband providers Sky
and TalkTalk have called on Britain’s telecoms
regulator to break up BT, the market leader whose network
they rely on, in the biggest review of the sector for a decade.

BT’s rivals have stepped up their charge against the
country’s dominant fixed-line group ever since it announced its
planned acquisition of EE , Britain’s
biggest mobile operator, at the end of last year.

Mar 12, 2015

Argos sales fall short on weak video games, TV demand

LONDON, March 12 (Reuters) – A slump in demand for video
games and higher-priced televisions sent like-for-like sales at
Argos tumbling in recent weeks, the chain’s owner Home Retail
said, and it expects the tougher trading environment to
persist in the coming months.

Home Retail, Britain’s biggest household goods retailer,
said sales at its Argos stores open for more than a year fell 5
percent in the eights weeks to end-February, much worse than the
0.2 percent fall the market had expected.

Mar 10, 2015

‘Top Gear’ host Jeremy Clarkson suspended by BBC after ‘fracas’ with producer

LONDON, March 10 (Reuters) – Jeremy Clarkson, the outspoken
British presenter of the “Top Gear” motoring show, has been
suspended by the BBC after he was involved in a “fracas” with a
producer.

Clarkson, who has generated both controversy and profits for
Britain’s publicly funded broadcaster, was already on a final
warning over accusations last year that he had used racist
language while filming the show.

Mar 3, 2015

Housebuilder Taylor Wimpey shows confidence with dividend hike

LONDON, March 3 (Reuters) – British housebuilder Taylor
Wimpey said it had seen a strong start to the spring
selling season as it posted a 68 percent rise in 2014 profit and
more than doubled its final dividend.

The company said investments in land over the last five
years were enabling it to improve profitability and returns to
shareholders as the market recovered.

Feb 25, 2015

SuperGroup’s finance chief quits after being declared bankrupt

LONDON, Feb 25 (Reuters) – SuperGroup Plc, the owner
of the Superdry fashion brand, said on Wednesday its finance
chief Shaun Wills had quit after being declared bankrupt two
weeks ago.

Wills, who is a qualified accountant, was made the subject
of a personal bankruptcy order on Feb. 10, the company said, but
it did not find out about it until Feb. 24.

Feb 24, 2015

Housebuilder Persimmon posts rise in full-year profit

LONDON, Feb 24 (Reuters) – British housebuilder Persimmon
reported a 44 percent rise in full-year profit on
Tuesday after it sold 13,509 homes in 2014, and said the outlook
for the property market was positive.

Chief Executive Jeff Fairburn said the group’s strong cash
generation meant it would now pay out 95 pence a share to
investors in April rather than July. The payment is part of a
long-term plan to return 6.20 pounds per share of surplus
capital to shareholders in a nine and a half year period.

Feb 23, 2015

Bunzl’s profits, sales growth send shares to record high

LONDON, Feb 23 (Reuters) – Business supplier Bunzl
reported a better-than-expected 11 percent rise in annual profit
on Monday, partly because of an acceleration in revenue growth
at the end of the year, driving its shares to a record high.

The company, which distributes products such as carrier bags
and food packaging, said it expected further growth in 2015,
both in its existing business and from acquisitions.

Feb 20, 2015

“Self-censoring” scandal at newspaper roils UK press landscape

LONDON, Feb 20 (Reuters) – One of Britain’s most storied
newspapers has been accused of self-censoring for commercial
gain, raising awkward questions about a centuries-old press
culture which has prided itself on its no-holds-barred approach
to truth telling.

The 160-year-old Daily Telegraph strongly denied accusations
in a resignation letter by one of its best known writers, who
said the paper had soft-pedalled coverage of a banking scandal
to curry favour with an advertiser.