Week ahead: Vodafone, BT and Burberry earnings in focus as crucial US inflation reading looms May 12, 2024 Earnings from Vodafone, BT and Burberry take centre stage in the City's corporate diary this week, alongside a crucial inflation reading across the pond that could put the brakes on the FTSE 100’s record rally.
Oxford vaccine ‘to be approved before the new year’ December 19, 2020 The Oxford vaccine is expected to be approved before the end of the year, making it the second Covid vaccine to be approved in the UK. It is believed the vaccine will be approved on 28 or 29 December after final data is provided to the health regulator on Monday. The UK has ordered 100 [...]
Coronavirus curfew would ‘devastate’ hospitality industry, experts warn September 16, 2020 The introduction of a coronavirus curfew for pubs, bars and restaurants to halt the spread of infections would “devastate” the hospitality sector, industry bodies have warned. The government is reportedly considering imposing a 9pm or 10pm curfew on hospitality venues in a bid to slow rising Covid-19 cases across the country. The Telegraph reported this [...]
How Millie Bobbie Brown became Britain’s most sought-after beauty brand May 11, 2024 Millie Bobbie Brown’s make-up line is the most in-demand British celebrity-owned beauty brand at the moment. Why? What separates Mille Bobbie Brown from the scores (and scores and scores) of celebrities trying to emulate the success of Selena Gomez and Rihanna in the beauty space? @florencebymills, Brown’s makeup line, has 3.6m followers on Tiktok, and [...]
BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
THG: Growth continues after strong performance from beauty division April 23, 2024 THG, the owners of Cult Beauty and Myprotein, recorded strong revenue growth in the first quarter of 2024
Poundland sales resilient as shoppers more familiar with discount brands versus 2008 July 14, 2022 Poundland’s owner has reiterated its confident outlook, encouraged by the size of the discount market across Europe amid present economic turmoil. In a third quarter trading update, Pepco posted group revenues of €1.2bn, with year-to-date sales hitting €3.5m. The retailer, which also owns the Dealz and Pepco brands in Europe, said Poundland like-for-like sales had [...]
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Trainline shares soar as £2.6bn ticket sales help shrug off rail strike chaos September 14, 2023 Trainline’s shares soared more than 12 per cent this morning after the firm unveiled a £50m share buyback scheme on the back of booming ticket sales. Group net ticket sales at the online retailer grew by nearly a quarter to £2.6bn in the six months to August, taking revenues to £197m, a 20 per cent [...]
March inflation comes in higher than expected at 3.2 per cent April 17, 2024 Inflation has fallen from a peak of over 11 per cent in autumn 2022, but the Bank will want to see further progress on services inflation and wage growth.