The quarterly results keep rolling in, with the likes of Expedia, Chipotle, X5 and Kesko all enjoying pleasing gains. If the numbers get too much for you, check out the image galleries showcasing London’s Coal Drop Yard, as well as the quirky and innovative ‘she-shed’ phenomenon taking the world by storm. Enjoy the read and have a great week.




Monday, 29 October 2018





Hello ,

The quarterly results keep rolling in, with the likes of Expedia, Chipotle, X5 and Kesko all enjoying pleasing gains. If the numbers get too much for you, check out the image galleries showcasing London’s Coal Drop Yard, as well as the quirky and innovative ‘she-shed’ phenomenon taking the world by storm. Enjoy the read and have a great week.

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Europe


Trials and troubles ▪ Supermarket major Asda projects that 2,500 jobs are at risk as it undertakes cost-cutting measures ahead of its proposed merger with competitor Sainsbury’s. Meanwhile, Sainsbury’s is partnering with fashion brand Oasis and will open trial concession stands in two of its supermarkets.



Strong performance ▪ Russia’s X5 Group is celebrating a 17.6% increase in third quarter revenue, driven by sales growth and strong selling space expansion. In Finland, retail giant Kesko is also enjoying strong quarterly results after posting an all-time-high comparable profit of EUR 113 million.



Pure meat ▪ German discount major Kaufland has announced it is increasing its range of GMO-free beef products. The company promises that during production nothing in the fodder or ingredients will contain genetically engineered material.




Asia


Teaming up ▪ Cartier-owned Richemont has joined forces with Alibaba in an attempt to break into China’s online luxury market, which traditionally has been difficult for international players to tackle when going it alone. Chinese consumers purchase a third of all luxury goods globally.



Indian ventures ▪ Food delivery player UberEats is increasing its presence in India by partnering with the country’s largest coffee chain Café Coffee Day to open virtual kitchens. Meanwhile, check out this video examining why Dunkin’ is struggling to gain traction in the subcontinent.



Celebrating success ▪ To commemorate the 40th anniversary of the reforms that transformed China into an economic powerhouse, a list of 100 outstanding entrepreneurs has been published. Jack Ma of Alibaba fame makes the cut, as does Tencent’s Pony Ma and Robin Li Yanhong, CEO of search engine Baidu.




United States


Shock drop ▪ Following a disappointing quarterly report, Amazon’s shares dropped to their lowest point in three years, allowing Microsoft to leapfrog ahead and regain its spot as the second most valuable US company. Meanwhile, the Bezos-owned juggernaut is furthering its foray into the healthcare sector with the launch of a new brand of consumer medical devices.



Beating expectations ▪ Travel tech company Expedia is rejoicing off the back of an 8% soar in shares following better than expected third quarter earnings. Mexican grill chain Chipotle also outperformed the pundit’s predictions and enjoyed a 4% rise in share prices.



Out of juice ▪ Major US citrus companies are dealing with a fruit shortage by taking sneaky measures. Big players in the juice game including Tropicana and Minute Maid downsized their bottles, but kept their prices the same. Consumers didn’t appear to notice or mind, with consumption equal to previous years.




Image Gallery


Lavish in London ▪ Touted as the city’s most ambitious regeneration project, Coal Drops Yard has finally opened in King’s Cross. The much-anticipated shopping and dining precinct boasts Victorian structures and streets, and rich iron work. Check out these photos that capture the stunning outdoor space.



Lady’s lair ▪ Forget ‘man cave’, the ‘she shed’ is now the latest trend in backyard escapes for grown-ups. The growing popularity of these purpose-built havens is creating a market of its own, with kit-sets being sold online for upwards of USD 1000. Have a look at these stimulating images showcasing different takes on the she shed phenomenon.