By Edward Devlin2021-05-13T07:46:00+01:00
Diageo is to return billions of pounds to shareholders on the back of higher than expected profit growth, as drinking and partying around the world bounce back from the impact of Covid-19 (The Financial Times £).
Guinness and Smirnoff Vodka owner Diageo plans to return £4.5bn to its shareholders after benefiting from Britons flocking back to pubs and restaurants amid the easing of lockdown restrictions (The Mail).
Charles Wilson is staging a boardroom comeback by swooping for a 10% stake in logistics firm Menzies Distribution, according to Sky News.
Delivery Hero is relaunching in Germany, two years after selling its operations in its home country, in what is rapidly shifting from a food-delivery monopoly to one of Europe’s most competitive markets (The Financial Times £).
13th May 2021
One of the best-known figures in British retailing is staging a boardroom comeback by swooping for a 10% stake in Menzies Distribution, the logistics giant.
Sky News has learnt that Charles Wilson, who spent 15 years running the wholesaler Booker, is to take a seat on the board of Menzies as part of the deal.
NAM Implications:
Given the pressures on the newspaper and magazines category…
Our only issue might be his expectation that Menzies will be an opportunity to provide “time to take things a little easier”!!
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News UK delays carriage charge review Print
News UK Direct to Retail has further delayed its review of carriage charges.
The company, which supplies nearly 6,000 retail outlets inside the M25 area with The Sun and The Times, told the NFRN that its next review of its carriage charge would now take place in May 2021. Previously, it had deferred the review until March.
NFRN national president, Stuart Reddish, said: “News UK DTR’s latest announcement is further good news for retailers. We are pleased that the company is acknowledging the challenging financial position that many news retailers are currently experiencing and has decided to further delay its review.