Will JD Sports be able to shrug off problems at Nike? October 2, 2024 Despite a strong set of results, with record revenue and a pick-up in sales, shares in JD Sports fell around five per cent this morning. After a tough year, which included a profit warning in January and £2bn wiped off its market cap, JD reported like-for-like sales growth in the first half of the year [...]
4imprint reports bumper profit as firm targets market share expansion March 13, 2024 Promotional product manufacturer 4imprint has reported a 32 per cent jump in profit for 2023, as the firm continues to expand market share.
UK businesses face more than 500 cyber attacks every second October 25, 2023 New data released by BT Business reveals British cybersecurity experts see 46m signals of cyber-attacks every day.
The Co-op lowers prices as it eyes ‘golden era’ January 24, 2024 The Co-op has revealed plans to grow its membership to eight million by the end of the decade as it eyes a "golden era of co-operation".
Mohsin Issa to step away from Asda as search for CEO continues September 18, 2024 Supermarket giant Asda has announced that Mohsin Issa will step away from his executive leadership role to focus on his position as sole chief executive of petrol forecourts business, EG Group. Lord Stuart Rose will assume Mohsin’s responsibilities alongside TDR Capital partner Rob Hattrell, the Leeds-headquartered grocer said, while Mohsin Issa will remain a co-owner [...]
Maverick can be punters’ Angel with Atzeni up September 17, 2024 WITH the popular Chinese Mid-Autumn Festival in full swing in Hong Kong, expect enthusiastic racegoers to pack Happy Valley to the rafters when racing gets underway with an exciting eight-race programme today. Former HK champion trainer Ricky Yiu got off the mark for the new season, when welcoming impressive Sunlight Power into the winners’ circle [...]
Manchester Airport could add £16.3bn per year to UK economy by 2050, report shows March 18, 2024 Regional political and business leaders have backed a report showing how further investment and government support for Manchester Airport could nearly triple its contribution to the UK economy and support 85,000 new jobs by 2050.
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City A.M. indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
US labour market resilient as another ‘hawkish’ Fed rate pause looks nailed on November 1, 2023 The US labour market remains resilient despite the US Federal Reserve’s aggressive bout of monetary tightening, new figures out today suggest. According to the Bureau of Labor Statistics’ JOLTS survey, there were 9.6m job openings on the last day in September – little changed from the month before and ahead of the market consensus of [...]
New Look slapped with fresh downgrade as Moody’s casts doubt over restructuring plan January 17, 2019 Moody’s, the influential ratings agency, has downgraded New Look’s senior secured notes rating, just days after the retailer unveiled a restructuring deal aimed at cutting its debts by £1bn. On Monday, New Look agreed a debt-for-equity swap proposal to reduce debt from £1.35bn to £350m, and also announced a £150m capital raise through the issuing [...]