Page 7 - City Intelligence News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1 April 2021 • 2:08pm Business and April Fool's jokes tend not to mix, as Volkswagen reminded everyone this week with a poorly executed gag about a name change. Its American operations would be called Voltswagen, it said, a nod to an electrical future. Get it?  Except someone forgot to remind the pranksters that the whole point of an April Fool's joke is that it is supposed to coincide with April Fool's Day, otherwise the joke is on you, and VW made the announcement a whole three days before.  Still, at least the carmaker was right about one thing: the idea that a company that will foreve...

This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the day's biggest corporate story from our chief City commentator Ben Marlow. Talk about flaky, and not just sales of pasties and sausage rolls. Yes, a phenomenal roll has come to an end at Greggs. Annual sales have taken a £300m hit, equivalent to a third, and having posted pre-tax profits of £108m in 2019, the master baker has slumped to its first loss since joining the stock market nearly 40 years ago. But the man largely responsible for turning Greggs into a national treasure ha...

Yoghurt wars smell off, exposing fickle protectionism of French establishment By staying silent on the coup staged at Danone by activist investors, the French Government is proving its hypocrisy This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the day's biggest corporate story from our chief City commentator Ben Marlow. Something smells off in the French yoghurt wars. Remember when French Prime Minister Dominique de Villepin declared Danone a “crown jewel” and vowed to “defend the interests of France” from PepsiCo, as it wei...

Shopping centre owner Hammerson is in need of some retail therapy as the online shopping revolution bites

John Lewis as you knew it is already dead Reeling from a massive pandemic-induced loss, boss Sharon White is throwing everything at the company’s survival 11 March 2021 • 12:59pm This article is from The Telegraph’s City Intelligence newsletter. Sign up here for incisive analysis of the day's biggest corporate story from our chief City commentator Ben Marlow. John Lewis as you know it is already dead. The pandemic has seen to that. Middle England's favourite retailer was in trouble before Covid swept through the high street but the downturn has left it facing an existential crisis.  ...