Moonpig sales boosted by higher prices despite pre-tax profit dip after Royal Mail strikes June 29, 2023 Moonpig Group has revealed a jump in sales as it upped the prices of its greetings cards, but said consumers were buying fewer cards and sending cheaper gifts. The online greetings cards and gifts giant saw its profits decline as it notched up higher costs. It reported a 5.2 per cent increase in its group [...]
Shishkin’s Road to victory might not be straightforward March 15, 2023 THERE is no getting away from the fact that if the real SHISHKIN turns up for this afternoon’s Ryanair Chase (2.50pm), he should make light work of his eight rivals. They say that one swallow doesn’t make a summer and that’s the dilemma facing punters as to whether his blistering return to form at Ascot last time [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
The Notebook: Neil Bennett on replacing himself with AI November 1, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of global co-CEO of H/Advisors, Neil Bennett. What to look out for at the AI Summit, from Elon to lip service I, or artificial intelligence, has been the talk of the town for quite some time now. The technology [...]
UK jobs market wobbles after months of defying economic reality December 8, 2022 The UK jobs market is looking increasingly fragile after months of defying economic gravity, a new survey out today reveals. KPMG and the Recruitment and Employment Confederation’s (REC) permanent hiring index came in at 46.4 points last month, below the 50 point mark that separates growth and contraction. Despite the index indicating businesses are cooling [...]
Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
THG brings in new finance chief ahead of bleak looking year January 24, 2023 E-commerce giant THG has hired Damian Sanders as its new chief financial officer amid a recent slew of negative earning reports and a collapse in share price. Following a global search, the troubled British firm has landed on Sanders as the replacement for John Gallemore, who is moving over to the role of chief operating [...]
London markets tumble on imminent circuit breaker lockdown concerns December 20, 2021 London markets tumbled today on concerns fresh restrictions to curb the spread of Omicron are about to hit England. The capital’s premier FTSE 100 index slid 0.99 per cent, closing at 7,198.03 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, finished 1.01 per cent lower [...]
Wincanton continues to reap rewards of pandemic-era eCommerce boom January 20, 2022 Supply chain partner Wincanton has continued to reaped the rewards of the pandemic-era eCommerce boom, after revenue from the eFulfilment sector has soared over 50 per cent. Total revenue for the group rose by 15 per cent, in comparison with the same quarter last year, Wincanton confirmed in its third quarter trading update today. The [...]
Retailers hike prices at fastest pace in three decades as Brits brace for Xmas shopping crunch November 25, 2021 Retailers are hiking prices at the fastest pace in over three decades as Brits rush to scoop up Christmas presents to avoid being left empty handed, reveals fresh research published today. Some 77 per cent of retailers raised prices over the last three months to November, the highest rate since 1990, according to data from [...]