5 Killer Stats
UK Beer sales
Last year’s hot summer and the good England run in the World Cup translated into a boost for the nation’s beer consumption. That’s a message we’ve seen included in the results from many of the pub operating companies. This data, produced by the British Beer and Pubs Association, says that the jump was the biggest recorded in 45 years.
Pre tax profits at Dunelm
The homeware chain continues to provide a bright spot in the UK’s often struggling retail market, having released its interim results this week. Profits for the first six months of the year are reported as being £70 million, whilst the company has also seen improvement in gross margins, with this figure moving above 50%.
Cash injection for Debenhams
The High Street department store has this week announced it obtained a new credit line worth £40million. The agreement has been struck so that interest is payable at 5% over the interbank lending rate, which is about 6.5% in total right now. The company’s share price found some support off the news on Tuesday morning, but the gains haven’t lasted.
IHG buys Six Senses Resorts
Intercontinental Hotels Group (IHG) the people behind the Holiday Inn brand, have snapped up Six Senses resorts. That’s a chain of high end properties scattered across the globe where average room rates are a reported $600 a night. Shareholders have cheered the news, with shares rising £2 – or about 5% – off the back of the announcement.
Quarterly earnings at Groupon
The e-commerce marketplace published fourth quarter earnings this week and the numbers fell short of expectations. Lower customer traffic continues to see revenues fall at the company and this week’s numbers – which came in some 10% lower than had been expected – were sufficient to lop around 10% off the valuation of the company when the market opened on Wednesday.
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