October 2015 Blogs
The Octobers Blogs includes Whitbread's profits on the up, Shops
on-the-go, Tesco sells mothballed supermarkets, National Curry Week and
Tesco profits plunge.
24th October 2015 - Costa boosts Whitbread's profits
Costa coffee sales and the hotel chain Premier Inn have boosted Whitbread's half-year pre-tax profits to £254.9m, up 5.4% on the same period last year.
Total sales rose 11% to £1.44bn, with the Costa coffee sales making an underlying operating profit of £67m.
Sales at Premier Inn rose by 12.6% and the company plans to invest £130m in that business this year.
Whitbread expects the National Living Wage, being introduced in April 2016, to cost it about £15m-£20m a year.
17th October 2015 - Shops 'on-the-go' as footfall falls
Five stores a week are closing on Scottish shopping streets, according to PwC and the Local Data Company.
Cheque cashing, fashion and banks are all in decline while coffee shops, charity outlets and takeaway food are thriving.
The closures have fallen slightly since the first half of last year. Given the challenge facing retail these days, five per week doesn't seem too bad.
The high street has been suffering at the hands of the out-of-town megastore.
15th October 2015 - Tesco sells mothballed supermarkets
Tesco sells mothballed supermarket sites for £250m
Supermarket giant Tesco is selling off more than a dozen sites that it no longer wants to develop to a property company in a £250m deal.
Some 10,000 homes could be built on the sites in London, the South East and Bath.
They are part of nearly 50 projects which Tesco said earlier this year it was abandoning, many of which are now derelict.
9th October 2015 - National Curry Week
Started in 1998 to promote the cuisine and to raise funds for charities concentrating on hunger, malnourishment and poverty.
During the week (October 9-15 2011) curry lovers can get out and visit their local curry house or enjoy a curry at home.
7th October - Tesco profits plunge as revival struggles
Troubled supermarket Tesco has announced another big fall in profits as it struggles to turn its business around.
Underlying profits for the first half of its financial year were £354m, 55% down on the same period last year, when it made £779m.
Its pre-tax profit was £74m, compared with a loss of £19m for the same period a year ago.
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