5 Killer Stats
Pre-tax profits at FeverTree
Price tag on Debenhams
Mike Ashley’s Sports Direct has tabled an offer for Debenhams shareholders. The parlous state of the company’s finances mean that its own rescue plans could wipe out equity holders completely, so Mr Ashley’s 5p per share may look like the better deal. It is however a far cry from when shares in the high street retailer traded at over £2 back in 2007.
Loss at Moss Bros
The company may be best known for suit rental but it’s finding the whole retail market tough going. Stock shortages, the World Cup, a hot summer and cutting prices made for something of a perfect storm. The company is now valued at just over £20 million with a shade over £10 million worth of cash in the bank.
UK car production
The Society of Motor Manufacturers and Traders published data this week showing the number of cars coming off manufacturing lines in the UK has fallen by 15% this month, reaching a six year low. Waning demand from China for high end brands like Range Rover and Rolls Royce is seen as the culprit here, with the number of vehicles heading east having fallen by 50% this year.
McDonalds invests in AI
Fast food giant McDonalds is going high tech, having bought Israeli tech startup Dynamic Yield. The company is looking at functionality such as changing menus to reflect the weather or how busy a store is at any one point in time, and number plate recognition to automatically provide drive thru customers with their regular order.
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