Chipotle’s sales disappoint analysts despite a rise in revenue January 10, 2017 Chipotle Mexican Grill's preliminary fourth quarter figures show sales are up, but its results will be lower than expected. Sales revenue is anticipated to be $1.035bn (£849.7m), up from $997.5m the previous year, but below analyst estimates of $1.05bn. The US-based Mexican food chain said comparable restaurant sales, or those that have been open for at least [...]
Nichols’ sales are fizzing up 6.9 per cent in the UK, compared to growth across the market of just 0.8 per cent January 10, 2017 Drink maker Nichols reported its sales are growing faster than those of the UK's overall soft drinks market due to Vimto's strong performance and a new acquisition. Sales in the UK increased by 6.9 per cent against the previous year to £90.7m. That was driven by sales of Vimto, which were up five per cent on the prior [...]
Just Eat reported order growth of 36 per cent for 2016, but shares dropped eight per cent January 10, 2017 Just Eat today announced like-for-like orders grew 36 per cent in 2016, but shares in the company fell up to eight per cent in early trading. The share price was down 5.66 per cent to 550p at the time of publishing. The company said group reported growth, which includes orders from recent acquisitions in Mexico and Australia, reached 42 [...]
Five ways your drinking habits will change in 2017: Majestic Wine sets its predictions for the year ahead January 10, 2017 Announcing a Christmas season that pushed sales up 15.3 per cent, booze retailer Majestic Wine took the opportunity to polish up its crystal ball and make industry predictions for the year ahead…. 1. We'll start choosing English sparkling wine over champagne In 2016 UK winemakers experienced an exceptional harvest thanks to perfectly timed weather patterns, leading the industry to believe this year's [...]
Playtech gambles on strong results as it hires a new finance boss January 10, 2017 Gambling software provider Playtech today announced full-year results for 2016 are likely to be in line with expectations, as it named Ron Hoffman the new chief executive of its financials division. Hoffman, formerly the company's chief financial officer, had played a role in the company's management and acquisition transactions and its listing on Aim in 2006. Read more: Playtech [...]
Consumers wasted a whopping £13bn of edible food in 2015 January 10, 2017 Consumers threw out £13bn – 7.3m tonnes – worth of perfectly edible food in 2015. That generated 19m tonnes of carbon emissions, equivalent to those generated by one in four cars on UK roads, according to food waste reduction charity Wrap. However, 60 per cent of us believe we waste either no food or hardly any. Wrap has built off its work with [...]
AB InBev and Keurig are teaming up to build an in-home alcoholic drink maker January 9, 2017 Countertop coffee pod machines like the George Clooney-backed Nespresso have grown in popularity over recent years, changing the way people can get their caffeine fix. Now, coffee maker Keurig Green Mountain and brewer Anheuser-Busch InBev (AB InBev) are teaming up to create an in-home alcohol drink system in the same vein. The two announced this week they would enter a joint venture to focus [...]
Voyageurs du Monde eyes English-speaking market with 60 per cent stake in UK travel company Original Travel January 9, 2017 One of France's largest travel firms, Voyageurs du Monde, has said it will acquire 60 per cent of UK-based luxury tour operator Original Travel in an effort to further expand into English-speaking markets. The Euronext Paris-listed company has a 40 per cent share of the French market, but it's now eyeing up expansion in the UK, US, Canada, Singapore, [...]
McDonald’s works to cut costs by selling a majority stake in its China and Hong Kong businesses January 9, 2017 McDonald's is set to sell 80 per cent of its China and Hong Kong businesses for up to $2.1bn (£1.7bn) in an effort to franchise more of its global restaurants. The deal with Chinese conglomerate Citic and US asset manager Carlyle will help McDonald's cut operating costs in its Asian businesses. Originally, the fast-food giant planned to raise up [...]
Tube talks have failed – Monday’s strike is expected go on January 7, 2017 A last-ditch meeting between Transport for London (TfL) and unions to prevent tomorrow's Tube strike fell apart after the RMT union left the talks declaring the strike would go ahead. The Transport Salaried Staffs Association (TSSA) union and London Underground remain in talks at conciliation service Acas. John Leach, regional organiser for RMT told reporters London Underground's position has not changed [...]
