THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Retail round up - The Sunday papers

HMV in profit but will it cut dividend, EU to ban selling eggs by dozen,Hut Group prepares to float on back of VAT loophole,Berkshire Shooting School bagged by ex-pat, City hesitates over Ocado price...


Retail round up - The Sunday papers

HMV in profit but will it cut dividend, EU to ban selling eggs by dozen,Hut Group prepares to float on back of VAT loophole,Berkshire Shooting School bagged by ex-pat, City hesitates over Ocado price...

The Sunday Telegraph

HMV is expected to post pre-tax profits of £74m in its full-year results on Wednesday, as the company's new management tries to turn the retailer around amid a challenging market backdrop. Analysts will be keenly watching the dividend announcement after management said in April that the company will be able to make the payment. The market, however, remains sceptical.

Shoppers will be banned from buying bread rolls or eggs by the dozen under new food labelling regulations proposed by the European parliament.Under the draft legislation, to come into force as early as next year, the sale of groceries using the simple measurement of numbers will be replaced by an EU-wide system based on weight.It would mean an end to packaging descriptions such as eggs by the dozen, four-packs of apples, six bread rolls or boxes of 12 fish fingers.

The Sunday Times

Investment bankers' fees for advising on the internet grocer's flotation are expected to reach £15m.Investment bankers will bag up to £15m in fees for advising on the £1 billion flotation of Ocado, the internet grocer.The lion’s share will be collected by Goldman Sachs, JP Morgan Cazenove and UBS, with the remainder being split between Barclays, Lloyds Banking Group, HSBC, Numis and Jefferies.The fees will be eagerly welcomed by the investment bankers, who have suffered from a drought in stock market flotations and takeovers during the past two years.

The Observer

The Hut Group, the fast-growing firm behind controversial VAT-free CD and DVD internet sales for Asda, WHSmith, Dixons, Argos and Woolworths, has begun rapidly expanding into other product areas – including cheap handbags, jewellery, novelty gifts, sun cream and underwear – as it builds towards a stock market flotation early next year.New websites, and have been launched in the past three months. The move is a bold departure for the Cheshire-based business, which has grown into Britain's third-largest online DVD and CD retailer in the six years since it was set up by Matthew Moulding and John Gallemore, former executives within John Caudwell's mobile phone empire.

The Independent on Sunday

Royal Berkshire Shooting School, the country sports and clothing group, has been sold in a deal thought to be worth more than £10m.Alexander Newman, 52, a Chile-based Briton, has bought the group in what promises to be the first of a number of deals likely to be done by the ex-patriate.The sale of the school, famed for employing Kate Middleton, the girlfriend of Prince William, has netted the company's majority shareholder, Bryan Richmond-Dodd, and Dylan Williams, who runs the school, millions of pounds.

Investors have balked at the likely list price of Ocado, which is looking to raise £400m in a stock market flotation.Leading institutions said that the float was likely to fail if Ocado's founders, a group of former Goldman Sachs bankers who are set to scoop as much as £150m from any flotation, are not prepared to lower the price."One billion quid for a company that has never made any money? We've seen this before," said one fund manager. "We won't be touching it and my peers at other fund management groups feel the same." Another manager said: "It's simply too expensive. There has to be a reality check or else there is a real chance it could fail, although press reports tell me otherwise."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy