Reports on Monday suggest that Facebook is plotting to expand the Messenger app’s payment capabilities with an in-store option. Currently, some 800 million users of the standalone app are able to make personal payments, but The ...
Tags: Facebook, Messenger app, Apple pay
French dairy processing company Saputo is planning to close three manufacturing facilities in Canada located in Sydney (Nova Scotia), Princeville (Québec) and Ottawa (Ontario). The plant closures are expected to take place in ...
Tags: Saputo, Manufacturing Plants
The Finish Line Inc. reported earnings for the fourth quarter before non-recurring items fell 11.6 percent to $36.5 million, or 83 cents a share. Earnings came in at the high end of its guidance calling for earnings between 78 and 83 cents ...
Tags: Non-adjustments, Q4 Profits, Finish Line
Next reports a "solid" performance over its last financial year to January 2016, with Directory (online and catalogue) sales up 8% and Retail 1%. Total group sales rose by 3% to £4.1b. Despite this, growth was lower than predicted. ...
Tags: Next, Performance, Sales
Canada-based food manufacturing company Premium Brands has entered into agreement to acquire Montreal based C&C Packing and affiliate Premium Meat Packers for $146m, in a cash-and-share deal. The transaction, which is subject to ...
Tags: Premium Brands, C&C Packing, Aquisition, Premium Meat Packers
UK-based food manufacturer Premier Foods has rejected a bid offer worth a £495m from US-based food giant McCormick. The company has rejected the offer saying that the offer from McCormick significantly undervalued Premier Foods ...
Tags: Premier Foods, McCormick, Bid Offer
Most of us are wondering when Snapchat is going to get bought out, but the company is making its own acquisitions in the meantime. Snapchat has agreed to buy a start-up that designs personalised avatars, a new report claims. ...
Tags: Snapchat, Aquisitions
For its fiscal third-quarter 2016 (to end-January), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $309.2m, down 3.7% on $321.1m last quarter but up slightly on $306.8m a ...
Tags: Finisar
Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
50 Strong, a manufacturer of innovative, high-quality American-made bike accessories and water bottles, is shaking up the hydration aisle with the introduction of Simply Better Bottles, a smart and stylish line of reusable water bottles ...
Tags: 50 Strong, Simply Better Bottles, Reusable water bottles
Helen of Troy Limited, designer of consumer brand-name housewares, health and home, nutritional supplement and beauty products, closed its previously-announced acquisition of Steel Technology, LLC., which does business under the brand name ...
Tags: Helen Of Troy, Aquisition, Steel Technology, LLC, Hydro Flask
Chancellor of the Exchequer George Osborne delivered his eight Budget today, with some of the main points outlined as such: Business - The headline rate of corporation tax, which is currently at 20%, will fall to 17% by 2020 - ...
Tags: George Osborne, Budget, Chancellor
Li Ning Co Ltd posted a profit in 2015 following three consecutive years of losses. The China-based sports giant posted an annual net profit of 14.3 million yuan ($2.2 million), compared with a 781.5 million yuan loss a year ago. ...
Ahead of today's 5pm deadline, Steinhoff backed out of making a bid for Home Retail Group at the last minute, leaving Sainsbury's the likely purchaser or the Argos business. Sainsbury's share prices rose sharply, while Home Retail Group's ...
Tags: Sainsbury's, Withdraw, CITY AM, Home Retail Group
Working out how to divvy up capital in the music industry is challenging, but Spotify’s making progress. Spotify is set to pay out an impressive $21 million to artists and publishers in unpaid royalties. The market-leading ...
Tags: Spotify, Artists, publishers, Computing