Asda revival continues as sales rise again - Ashdale Business Consulting

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Asda revival continues as sales rise again

November 15, 2018

  Asda’s sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued. The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores. The retailer attributed the rise to the strength of its own-label brands. Asda has a 15.3% share Read More…


Manchester United revenues slip on fewer home games

November 15, 2018

  Revenue at Manchester United fell in the first quarter as the Premier League club played fewer home games. Sales for the three months to 30 September came in at £135m, compared with £143.7m a year earlier, it said. However, the 20-time English champions stuck to their full-year financial forecasts. United, whose squad features French Read More…


Uber loss tops $1bn loss ahead of planned IPO next year

November 15, 2018

  Uber posted a loss of $1.07bn (£821m) in the three months to September, as the ride-sharing firm prepares for a public stock offering next year. The US company’s net losses widened sharply on a quarterly basis as revenues rose only slightly. Uber was recently valued at $72bn, making it one of the most valuable Read More…


Ryanair passengers brace for new bag rules

November 1, 2018

  Brace, brace. The latest changes to Ryanair’s baggage policies take effect today, meaning passengers who want to take anything more than a small bag on board must pay for the privilege. Only those paying £6/€6 for priority boarding will be able to take a small suitcase of up to 10kg in the cabin. That Read More…


US attacks UK plan for digital services tax on tech giants

November 1, 2018

  The US has hit back against a UK plan to impose a new tax on sales by technology giants. US political leaders and business groups say the proposal would violate tax agreements by targeting US firms. They warned the tax could spark US retaliation and hurt prospects for a US-UK trade deal. In a Read More…


Google staff walk out over women’s treatment

November 1, 2018

  Staff at Google offices around the world are staging an unprecedented series of walkouts in protest at the company’s treatment of women. The employees are demanding several key changes in how sexual misconduct allegations are dealt with at the firm, including a call to end forced arbitration – a move which would make it Read More…


Wagamama sold to Frankie & Benny’s owner

October 30, 2018

  The Restaurant Group, the owners of the Frankie & Benny and Garfunkel’s restaurant chains, has struck a deal to buy Asian-themed chain Wagamama. The deal values the business, which opened its first restaurant in central London in 1992, at £559m. The Restaurant Group said Wagamama had “consistently and significantly outperformed its core UK market.” Read More…


Dr Martens’ profits march forward

October 22, 2018

  Strong sales in Europe and the Middle East have boosted profits at UK footwear firm Dr Martens. Earnings grew 33% to £50m in the year to March, with sales up 20% to £348.6m. The Northamptonshire-based company, most famous for its distinctive boots, said it had seen double-digit growth in revenues and profits in all Read More…


Morrisons loses data leak challenge

October 22, 2018

  Morrisons has lost its challenge to a High Court ruling that it is liable for a data breach that saw thousands of its employees’ details posted online. The Court of Appeal upheld the original decision against the supermarket, issued in December 2017. Workers brought a claim against the company after employee Andrew Skelton stole Read More…


Food sales drop as barbecue summer ends

October 18, 2018

  Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said. Sales of food were down 1.5% in the month, contributing to a 0.8% fall in total UK retail sales. The ONS said sales continued to Read More…