Costa ad banned for telling consumers to pick bacon sandwiches over avocados October 3, 2018 The advertising watchdog has banned a Costa advert for encouraging consumers to chow down on a bacon sandwich rather than avocados. A radio ad told listeners there was "a great deal on ripen-at-home avocados", but added they'd only be ripe to eat "for about 10 minutes then they'll go off". Read more: Costa sold to Coca-Cola: [...]
Topps Tiles shares go through the roof as full-year profits race ahead of expectations October 3, 2018 Topps Tiles shares are soaring ahead this morning after it said pre-tax profits for the year would be at the top end of market expectations. Shares in the tiling business rose as much as 11 per cent and are now are trading 10 per cent higher. A trading update said adjusted revenues for the 52 weeks up [...]
Aston Martin stutters on stock market debut as shares fall October 3, 2018 Luxury car maker Aston Martin has had a slow start to its life as a listed company as shares dipped as low as £17.75 this morning after debuting at £19 a share. It original listing valued the firm at around £4.33bn, falling short of the £5.1bn Aston Martin aimed to reach when it set out an initial pricing [...]
Car manufacturers warn no-deal Brexit would hit UK production October 2, 2018 A number of leading car manufacturers have warned a no-deal Brexit could seriously impact the production of their vehicles in the UK. Toyota has said a no-deal Brexit is likely to impact its investment decisions. It follows the manager of its facility in Burnaston, Derby warning a no-deal Brexit would lead to the factory halting production, [...]
Royal Mail shares slump for second day in a row October 2, 2018 Royal Mail's shares have sunk to their lowest level since the company was taken private, putting the firm's membership in the FTSE 100 at risk. Shares are trading more than five per cent down today after falling off a cliff edge yesterday, losing 14 per cent and wiping more than £800m off its market value. So far, shares [...]
Shares in carpet and furniture retailer ScS get a boost as profits rise in full-year results October 2, 2018 Furniture and floorings retailer ScS got a boost to its share price this morning after it reported a strong growth in operating profits in its full-year results. Its share rose 6.5 per cent in early trading after it released the update. Read more: Ted Baker expected to boost revenues despite high street worries The figures In [...]
Revolution Bars shares fall as firm serves up operating loss in full-year results October 2, 2018 Revolution Bars slipped to an operating loss in its full-year results due to exceptional costs caused by "factors outside the company's control". The update hit the company's shares in early trading, as they opened four per cent down in early trading. The figures For the year up to 30 June 2018, like-for-like sales fell 0.6 [...]
New rules to improve standards of master trust pensions forces 30 schemes out of market October 1, 2018 New rules which have come into force today aimed at improving standards with master trust pensions have led to 30 schemes leaving the market. From today, master trusts, schemes which bring pensions held by multiple employers under the same board of trustees, will need authorisation from The Pensions Regulator (TPR) to ensure they meet new standards [...]
Prudential appoints Just Eat chair ahead of demerger October 1, 2018 The UK's largest listed insurer Prudential has hired Just Eat chairman Mike Evans ahead of the demerger of its life insurance and asset management unit, M&G Prudential. Evans brings more than 36 years of experience in the savings and investments sector to the role, having previously worked as chairman of stockbroker and financial services firm Hargreaves Lansdown and chief executive of Skandia. He will [...]
Another top Unilever shareholder says it will vote against Dutch move October 1, 2018 Another top shareholder of consumer giant Unilever has said it will vote down the company's plans to relocate its headquarters to the Netherlands. Asset management firm Schroders joined a growing list of investors who have vowed to reject Unilever's plan. In September, Aviva said the same thing, while top 10 shareholder Legal & General Investment [...]
