News That Matters

Tag: sees

Sainsbury's sees boost from Argos deal

Sainsbury's sees boost from Argos deal

Business
Sainsbury's says its latest half-year results have been boosted by its takeover of catalogue retailer Argos.Cost savings had lifted profits, while adding Argos stores to Sainsbury's outlets was "driving an increase in trading intensity", the retailer said.Sainsbury's, which is planning to merge with rival Asda, said half-year underlying profits rose 20% to £302m.However, when a host of exceptional costs are taken into account, profits nearly halved.The UK's second-largest supermarket said pre-tax profits for the 28 weeks to 22 September were £132m, compared with £220m a year earlier.The profit figure was pushed down by costs related to restructuring store management teams, the Argos integration and preparation for the Asda deal, which is...
Late penalty sees Bournemouth beat Palace to go seventh

Late penalty sees Bournemouth beat Palace to go seventh

Sports
Junior Stanislas scored an 87th-minute winner from the penalty spot to earn Bournemouth a late victory over Crystal Palace at the Vitality Stadium. The hosts were gifted the spot-kick when Palace defender Mamadou Sakho swung a forearm into the face of Jefferson Lerma at a set-piece.Bournemouth had gone ahead after just five minutes when David Brooks curled in off the crossbar for his first Premier League goal. But after half-time Roy Hodgson's side improved, and the visitors equalised in the 55th minute when Dutch full-back Patrick van Aanholt beat Asmir Begovic at the near post with a powerful strike into the top corner.The hosts could have won the game even before the penalty however, with...
Debit card glitch sees thousands charged twice

Debit card glitch sees thousands charged twice

Business
Thousands of people across the UK were charged twice for debit card payments following a glitch. Customers paid twice due to a problem with card terminals run by Cardnet, despite transactions only showing up once on receipts.The error affected around 5% of payments made on machines on 29 August. Cardnet is a payment system run by Lloyds Bank and card processor First Data, which handles 1.1 billion transactions a year, including for a wide range of shops, restaurants and businesses in Britain.This means that Lloyds customers were not the only ones affected, since the machines accept most Mastercard and Visa payments.Customers will have to check their bank statements for duplicate payments - but they should have been automatically reimbursed. ...
One of market’s biggest bulls takes a ‘few chips off the table,’ sees impending sell-off

One of market’s biggest bulls takes a ‘few chips off the table,’ sees impending sell-off

Finance
One of the market's biggest bulls is on sell-off watch. Federated Investors' portfolio manager Steve Chiavarone sees a 5 to 8 percent drop in stocks before summer ends. And, he thinks it may have already started. "We've taken a few chips off the table," the portfolio manager said Friday on CNBC's "Trading Nation," and he cited uncertainty as the overwhelming reason why. "On average, midterm election years have pullbacks, particularly in the summer months," Chiavarone said. "Big trade rhetoric is going to continue to be hot." ...
George Ezra sees off Drake in UK chart race

George Ezra sees off Drake in UK chart race

Entertainment
George Ezra has faced down a challenge from Drake to spend a second week at UK number one with his song Shotgun.The summer smash actually increased its sales week-on-week, despite Drake's new album, Scorpion, dominating streaming services over the past seven days.However, the Canadian star scored three new entries in the top five, led by the Michael Jackson collaboration Don't Matter To Me at number two. Scorpion also entered the album charts at number one, selling 64,000 copies. Top five singles 1) George Ezra Shotgun 2) Drake Don't Matter To Me (ft Michael Jackson) 3) Clean Bandit ft Demi Lovato Solo (ft Demi Lovato) 4) Drake Nonstop 5) Drake Emotionless Each of Scorpion's 25 tracks would have featured in the top 75 b...