Monday, April 30, 2018

Sainsbury's Asda Mega Merger

Sainsbury's has agreed to merge with supermarket rival Asda, and plans to maintain both brands. Hence it will not be renamed Sasda.

The merged company (subject to regulatory approval) will be larger than  Tesco, with combined revenues of £51bn.

There are no plans to close Sainsbury's or Asda stores. However, there are "Rudd type targets" of £500m "operational efficiencies".

Sainsbury's claim that customers would see benefits including price cuts of 10% on many of the products that customers buy regularly.

We shall see, the proof of the pudding is in the eating!

Wednesday, April 25, 2018

TSB Fixed? Maybe Not Quite Yet!

Tuesday, April 24, 2018

UK Economy Reaches Turning Point...Allegedly

Monday, April 23, 2018

Capita In The Shit

The FT reports that Capita has launched a £701m fundraising after announcing a £513m loss for last year, as its tries to recover from a series of reputation-damaging contract bungles and repair its balance sheet.

Capita, which provides a range of public services from collecting the BBC licence fee to recruiting for the British army, is issuing 1m new shares at 70p each — a 34 per cent discount to the theoretical price that the shares should trade at after the rights issue.

The three-for-two rights issue, which will raise £662m after fees to advisers, will be used to reduce Capita’s £1.2bn net debt, fund the company’s restructuring and invest in new technology.

Monday, April 16, 2018

Companies House Has Lost Its Mind Thread

Tuesday, April 10, 2018

Trade War Latest - We Are At The It Will All Be Over By Christmas Phase

British Gas To Raise Prices

British Gas has announced that it will increase energy bills for dual fuel customers by an average of 5.5% - or £60 a year.

Now is not a time to fuck with Putin and his gas supply!

Monday, April 09, 2018

Sanctions Nobble Russian Stock Market

Friday, April 06, 2018

Trade War Latest - We Are In The Doubling Down Phase

Thursday, April 05, 2018

Trade War Latest - There Is No Trade War, Apparently!

Wednesday, April 04, 2018

Trade War Latest - China Goes For Trump's Base