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Tag Archives: Opening Quote

FT Opening Quote

Amazon is getting fresh with a UK grocery delivery service, RPC is buying British Polythene, Glencore has made a $625m stake sale. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Enjoyed that stick of celery? Then may we recommend this radish to you?Amazon is today launching its AmazonFresh groceries delivery service in the UK. Same-day delivery will be available to members of the Prime...

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FT Opening Quote

AO World losses have increased as it tries to expand in the UK and Germany, Sainsbury sales are down, Tesco is set to sell Giraffe. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. AO World, the online white goods business helmed by fast-talking founder John Roberts, has announced an increased group operating loss of £10.6m. Sales meanwhile rose 26 per cent to almost £600m. The company is in...

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FT Opening Quote

Shell sees more cost savings in its purchase of BG, esure may spin off gocompare, the CMA will investigate the Tullett Prebon-ICAP deal. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Shell has raised its target for cost savings from the £35bn purchase of BG Group by 30 per cent to $4.5bn in 2018. Chief executive Ben van Beurden expects to deliver the original target of £3.5bn in 2017 ahead...

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FT Opening Quote

Mike Ashley faces Sports Direct questions from MPs on Tuesday, Janet Yellen makes a speech this evening, lobsters are on a luxury journey to restaurant tables. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Mike Ashley will answer MPs’ questions after all. Lawmakers expect to quiz the entrepreneur on the employment practices of Sports Direct on Tuesday. He is likely to rebut claims that...

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FT Opening Quote

Spread betting group IG says its punt on online advertising is paying off, Alliance Trust has confirmed RIT’s approach about a possible merger. FT Opening Quote, with commentary by Oliver Ralph, is your early Square Mile briefing. You can sign up for the full newsletter here. Spread betting group IG has been enjoying some good fortune. In a trading update this morning, the company said that results for the year would be slightly ahead of expectations. IG has been pushing up its online...

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FT Opening Quote

Electra has a new activist CEO, Tate & Lyle profits have recovered, Brent crude is back above $50 a barrel. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. US activist Edward Bramson (above) is tightening his grip on Electra Private Equity, the historic investment group whose board he joined through an acrimonious proxy battle in November. Mr Bramson will become unpaid interim chief...

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FT Opening Quote

M&S full-year profits are down 18 per cent, Dixons Carphone has raised its guidance, Royal Mail has avoided new price controls. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Steve Rowe, the incoming chief executive of Marks and Spencer has described the underperformance of the retailer as “not satisfactory”. He aims to banish frumpy cardies and unbecoming pumps with a focus on product,...

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FT Opening Quote

Kingfisher’s French sales are anaemic, Nationwide ‘s profits are up 23 per cent, the AA may sell its Irish business. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Racked with existential doubt, French consumers continue to hang out at the Deux Magots Café to discuss symbolist poetry, rather than doing up their apartments in the latest pastel shades. French sales of DIY group Kingfisher grew...

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FT Opening Quote

Ryanair’s profits growth is set to slow, Bayer has offered $62bn for Monsanto, MPs are looking into what happened at BHS. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. Ryanair has forecast net profits growth will slow to 13 per cent in the current financial year to €1.37bn-€1.42bn. Prices will soften, according to motor-mouthed chief executive Michael O’Leary. The low-cost airline has just...

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FT Opening Quote

A Rolls-Royce bribery probe has spread to Nigeria, Royal Mail has posted in-line profits, Aston Villa has been sold. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. A probe into suspected bribery at Rolls-Royce has spread to Nigeria. The Serious Fraud Office is taking a look at the engine maker’s former operations in the energy sector in that country, the FT has learnt. The investigation...

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