JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations Retail JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]
Retailers ‘right’ to warn of Budget job cuts, says Bank of England governor Economics The governor of the Bank of England, Andrew Bailey, has said a group of retailers were “right” to warn of sweeping job cuts as a result of Labour’s punishing £40bn tax raid at the Budget. A group of Britain’s biggest supermarkets and retail chains, including Tesco, M&S, Boots and B&Q, wrote to the Chancellor Rachel [...]
Informa: FTSE 100 events giant boosted by India and Middle East expansion Business Informa expects to hit already upgraded full-year guidance of over £3.5bn in revenue and £975m in adjusted operating proft.
Could the digitisation of social care pave the way for a better NHS? November 19, 2024 The system, as it stands, is struggling – and the debate over what should or can be done to fix it is still ongoing.
Fortress Twickenham breached: England in a dark, dark place November 18, 2024 England’s 29-20 loss to South Africa was their fifth defeat on the bounce. Fortress Twickenham has been breached and Eddie Jones is up next for Steve Borthwick. If deep-pocketed disruptors really were to tempt more than 100 players away from their clubs to form a LIV Golf-style rugby competition as mooted last week, they’d be [...]
England finish Carsley tenure with bang and Nations League promotion November 17, 2024 Captain Harry Kane hailed Lee Carsley after England rounded off the interim manager’s stint in charge with a record 5-0 win over the Republic of Ireland at Wembley and promotion back to the top tier of the Nations League. Kane, Anthony Gordon, Conor Gallagher, Jarrod Bowen and Taylor Harwood-Bellis all scored in a 26-minute second-half [...]
How Arla Foods boss went from selling cigarettes to Lurpak and Cravendale November 15, 2024 A globe-trotting career that began selling cigarettes at British American Tobacco and has led to heading up the UK arm of dairy giant Arla Foods is maybe not what Bas Padberg could have predicted when he started out in the early 1990s. The managing director of the group behind Lurpak, Cravendale, Skyr and B.O.B milk [...]
Audi RS E-Tron GT Performance review: With great power… November 14, 2024 My knuckles wrap white around the roll cage as the car slews violently sideways then slingshots onto the main straight. A mechanical war cry bursts forth as the driver rams the graunchy manual lever into third gear, then fourth, then back to third, each shift punctuated by the giddy chirrup of a dump valve. I’m [...]
Pressure on incomes helps B&M grow as value retailer targets 1,200 stores November 14, 2024 Value retailer B&M Bargains has posted a tick-up in revenue as demand for bargain goods has remained high amid pressure on incomes and a higher tax burden. The Liverpool-based group, which included Heron Foods, said group revenue in the half year to 28 September increased by 3.7 per cent to £2.6bn. While this is lower than growth last [...]
Virgin Active: Billionaire owner of Richard Branson-founded gym chain eyes UK listing November 13, 2024 The billionaire majority owner of Virgin Active is looking to list the business in the UK, according to reports. South African Christo Wiese owns the company private equity firm Brait, while Richard Branson’s Virgin Group holds a 16.8 per cent stake. A listing is “most likely” to be in the UK, with a secondary offer [...]