Category : Business News

BUSINESS / Business News - 2 months ago

Carpetright shares floored by profit guidance

Shares in Carpetright slumped 8% after it warned slowing sales growth had knocked its profit expectations. The company said like-for-like sales at its UK stores grew by 1.4% in the 12 weeks to 22 April, its fourth quarter, compared to a rise of 1.9%...

BUSINESS / Business News - 2 months ago

Costa coffee owner sees 'tougher' times ahead

Whitbread, the company behind Costa coffee and Premier Inn, has endured a 7% fall in its share price after warning of a "tougher consumer environment". It was the biggest faller on the FTSE 100 after pointing to growing pressures on customer budgets...

BUSINESS / Business News - 2 months ago

Embattled Co-op Bank lines up more City advice

The beleaguered Co-operative Bank will this week pick new City advisers to negotiate a restructuring deal with its investors as hopes of an outright sale of the company diminish. Sky News has learnt that the Co-op Bank is to hire investment bankers...

BUSINESS / Business News - 2 months ago

Goals and Powerleague confirm merger talks

Five-a-side football business Goals Soccer Centre has confirmed it is in preliminary talks with rival Powerleague over a possible merger that could create a major international leisure player. The announcement comes after the talks were first report...