Tesco to pay back £585m in emergency support with pandemic risks ‘behind us’ December 2, 2020 Tesco this morning said that it would pay back £585m of business rates relief it received to protect it from the impact of the coronavirus pandemic. The supermarket said that paying back the emergency funding was “the right thing to do”, adding that some of the risks from the pandemic were now behind it. In [...]
Debenhams closure: Timeline of department store chain’s collapse December 1, 2020 Department street chain Debenhams announced this morning that it is preparing to close down after failing to attract a buyer, but the former high street giant’s problems stretch back over several years. Earlier this year the struggling retailer entered administration for the second time in 12 months, even before Covid-19 forced it to close its [...]
Explained: Why Amazon Prime Video is showing the Autumn Nations Cup and what it means for rugby November 10, 2020 Amazon Prime Video acquired the rights to rugby’s Autumn Nations Cup for an estimated fee of £16m-£20m and it looks a potential win for all parties. Years ago, it may have been seen as a risk selling your media rights to Amazon. But now the e-commerce giant looks like it could make a lasting impact [...]
Sunak spars with education secretary in free school meals row October 26, 2020 Chancellor Rishi Sunak locked heads with the education secretary today as both ministers attempted to shirk the blame for the government’s decision not to extend free school meals throughout the October half-term. Sunak rebutted claims made in the Sun on Sunday yesterday that the Treasury had “parked the bus” on providing free school meal vouchers [...]
Regal results for Majestic Wine despite UK retail headwinds January 9, 2019 Majestic Wine uncorked 6.8 per cent revenue growth over the Christmas period but warned that retail trading conditions remain tough. The wine retailer, which said nearly a third of its sales come around Christmas, also boosted gross profit growth to 8.2 per cent. It said it remains on track to deliver full-year profit figures that are “broadly [...]
Before the Bell: Flash PMIs and Federal Reserve in focus December 16, 2020 The pound had a pretty good day yesterday as optimism grows that a UK/EU deal on trade could well be within reach after some positive comments from Irish PM Micheal Martin. “While we’ve been here many times before, the prospect of an imminent deadline can help concentrate minds, and despite some push back over fear [...]
If you’re not into wine and beer, here are the Christmas spirits we think you should stock up on over the festive period December 19, 2018 Whether you’re looking for a gift, throwing a party, or fortifying yourself to spend time with your family, the festive period is a peak time for boozing. Here are some suggestions to get you in the Christmas spirits: Appleton Estate Rare Blend 12 Year Old Jamaica Rum Christmas and rum go together like pirates and rum. [...]
The Week Ahead: ITV, Rolls Royce, Morrison, ECB and UK GDP data March 8, 2021 It’s Monday morning. City A.M. looks ahead at what this week has in store. China Trade for February This morning – The Chinese economy finished 2020 on a strong note, its surplus hitting a record high in December. Exports rose by 18.1 per cent, slightly down from November’s 21.1 per cent but still better than expected, [...]
Revolution Bars suffers share price drop in wake of profit warning January 14, 2019 Cocktail group Revolution Bars saw its share price dive this morning as it became the latest UK retailer to issue a stark profit warning, in spite of a Christmas boost for the business. Shares in early morning trading plummeted 17 per cent as the Manchester-based group warned of an expected 20 per cent drop in its [...]
Patient admitted to hospital ‘every 30 seconds’ as Covid hospitalisations hit record January 18, 2021 “Someone is admitted to hospital with coronavirus every 30 seconds,” the health secretary has said, as hospitalisations continue to hit fresh heights amid the rapid spread of new Covid mutations. There are currently 37,475 people in UK hospitals with coronavirus, with more than a tenth on ventilators. “That is the highest that it’s been throughout [...]