Wednesday 25 July 2018

The World Cup and hot weather have combined to see supermarket sales grow at their fastest rate this year. Data from market research firm Kantar Worldpanel says that food and drink sales in the 12 weeks to 15 July rose by 3.6% from a year earlier. During the seven days in which England played Colombia and Sweden, alcohol sales hit a record for a week outside of Christmas and Easter.

The co-founder of Superdry cashed in some of his holding, raising £71m and sending its share price down by 9.5%. Julian Dunkerton, who resigned as a director in March, has sold a 6.7% stake in the company, reducing his holding to 18.5%. Dunkerton made £80m at the time of the company’s float and first sold shares two years ago to help to fund a divorce settlement.

"Heathrow’s even come up with this: 'We are encouraged by the progress made by the government in its Brexit negotiations.' Yeah, it must be the only company in Britain to feel that. Anyone would think it’s banking on government support for that £14 billion third runway." Alistair Osborne of The Times says Heathrow’s John Holland-Kaye sounds like he’s eaten a "bucket-load" of "happy pills".