City & Finance Reporter for the Daily Mail

Vegan and gluten-free haggis helped lift sales at Waitrose by 0.7pc last week

Vegan and gluten-free haggis helped lift sales at Waitrose by 0.7pc last week

BURNS NOTICE Vegan and gluten-free haggis helped lift sales at Waitrose by 0.7 per cent last week as Burns Night revellers looked for an alternative to the savoury pudding made with sheep meat. Sales of TVs and smartphones at partner firm John Lewis helped to grow the group’s sales by 2.1 per cent compared to the same week last year.

DIY DISASTER DIY retailer B&Q is axing 200 jobs in its head office. The Kingfisher-owned chain said the cull, which will slash roles from its Southampton HQ, was being made to cut staff costs so it could offer cheaper products.

RESULTS DELAY Poundland-owner Steinhoff has been forced to delay the publication of its 2017 financial results after accounting irregularities meant it had to disregard two years’ of results.

Investor revolt Zoopla owner ZPG suffered a bloody nose as nearly 32 per cent of shareholders voted against a lucrative bonus scheme for its boss Alex Chesterman.

Charging ahead Oil major BP is introducing rapid electric-vehicle chargers to some of its UK petrol stations by investing £3.5 million in US company FreeWire Technologies, which makes mobile rapid charging systems.

GOLDEN SHOT Russia-focused miner Petropavlovsk produced 439,600 ounces of gold during 2017, within its guidance of between 420,000 to 460,000. It is also forecasting gold production for 2018 of around 420,000 to 460,000 ounces.

BILL’S BOSS Cafe chain Bill’s Restaurant has named former Punch Taverns boss Duncan Garrood as chief executive to replace Mark Fox, who is leaving immediately due to personal reasons.

MUTUAL HIRE AIM-listed mineral sands producer Base Resources has hired Diane Radley, the former chief executive of Old Mutual Investment Group, Africa’s largest asset manager, to its board.

PHONE TAKEOVER Google’s £780 million takeover of HTC’s smartphone division has completed with the internet giant poaching about 2,000 staff from the struggling electronics firm.

TIMELY BOOST Swiss watchmaker Swatch has enjoyed its first profit boost in four years after posting a 5.8 per cent rise in sales. Profits grew by 27 per cent last year to £574 million.


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