The value of the market in subscription boxes, offering goods such as makeup by post, is set to hit £1 billion in just two years, Royal Mail (RMG) said.
The chief executive of Entertainment One Limited (ETO), the company that makes Peppa Pig, is facing a shareholder revolt over pay ahead of the company’s annual general meeting. City advisers Glass Lewis and ISS criticised increases in Darren Throop’s salary to £950,000, saying the firm had failed to justify it.
Debenhams (DEB) has called in advisers at KPMG to help with its turnaround plans. The struggling department store chain is looking at options including a company voluntary arrangement, according to industry sources. This could allow it to close stores, ease debts and renegotiate rents
Higher profits at pub operator Wetherspoon (J.D.) (JDW) could result in glasses being raised this week after the chain was given a lift by the summer heatwave. The sales boost, also driven by England’s successful run in the World Cup, has not yet been fully factored into City profit forecasts, said Douglas Jack at stockbroker Peel Hunt.
A Canadian technology group is circling scandal-hit Telit Communications (TCM) with a view to creating a £1 billion internet company. City sources told The Mail on Sunday that Sierra Wireless is interested in merging with Telit, which is listed on London’s Aim market. Both are ‘internet of things’ companies, designing and making technology that allows machines to communicate with each other.
Rupert Murdoch’s 21st Century Fox is preparing a last-ditch push to seize control of media giant Sky (SKY) as a final deadline for the £26 billion takeover battle looms. The Mail on Sunday has learned that 21st Century Fox has hired an influential advisory firm to canvas support among Sky shareholders for its 1400p-a-share bid for the FTSE 100-listed broadcaster before its final throw of the dice.
MIDAS SHARE TIPS UPDATE: Retailer Joules Group (JOUL) gives investors’ funds some welly with the share price up by 78%. Midas verdict: Joules’s shares price fall has been driven largely by individual shareholders frightened by high street conditions. Big institutions are sticking with it and long-term investors should follow their example. New investors could also find value now.
