Brexit bill: MPs back Boris Johnson’s EU withdrawal agreement December 20, 2019 MPs have voted in favour of Boris Johnson’s Brexit bill during today’s second reading in the House of Commons. It paves the way for the UK to leave the European Union by 31 January. Read more: Downing Street defends Zac Goldsmith peerage and cabinet role It was voted for by 358 MPs, while 234 voted [...]
Dunelm posts higher profits as like-for-like sales rise February 12, 2020 Profit jumped at furnishings firm Dunelm in the first half of its latest financial year, it said today, as like-for-like sales also improved. The figures Profit before tax leapt 19.4 per cent year on year to £83.6m as revenue rose six per cent to £585m. Like-for-like sales climbed 5.6 per cent. However, free cash flow [...]
Bonmarche maintains dividend despite lower store sales shredding profits in half November 20, 2018 Retailer Bonmarche laid bare its high street struggles today after a recent profit warning, revealing that store sales fell in the first six months to the end of September despite a boost to online income. The figures Revenue came in flat in its half-year results compared to the same period last year at £97.9m. In-store like-for-like sales dropped [...]
Clintons secures rescue deal saving 2,500 jobs December 4, 2019 High street card retailer Clintons has secured a pre-pack administration deal to allow it to continue trading through the crucial Christmas trading period. Clintons has been bought out of administration by Esquire retail, a new vehicle that has been established by the Weiss family, which has owned the card retailer since 2012. Read more: Clintons [...]
Coca-Cola HBC’s revenue fizzes up in third quarter despite bad weather November 13, 2019 Shares in Coca-Cola HBC have risen this morning after the Coca-Cola company bottler reported an increase in revenue for the third water despite poor weather dampening volume growth. HBC’s net sales rose five per cent during the three months to the end of September compared to the same period last year. Read more: Coca-Cola’s advertisement [...]
Netflix shares rise as it beats profit expectations ahead of streaming wars October 16, 2019 Shares in Netflix rose as much as much as nine per cent in after-hours trading as the streaming giant’s third-quarter profit beat analysts’ forecasts. Netflix today reported net profit of $665m (£518.5m) in the three months to the end of September, up almost 40 per cent on the same period last year. Earnings per share [...]
Arsenal 0-2 Tottenham: Five things we learned as goals from Heung-min Son and Dele Alli send Spurs through to League Cup semi-final December 19, 2018 It was a testament to the importance of this match that both sides opted to pick their strongest possible line-ups, despite it only being a League Cup tie. Ultimately, Tottenham’s best was better, as they knocked out Arsenal with a 2-0 win – just their second ever victory at the Emirates. In times gone by, [...]
‘We should all be ashamed’: NHS England boss calls for end to panic-buying March 21, 2020 The medical director of NHS England has said everyone should “be ashamed” that vital healthcare staff were being deprived of supplies due to panic-buying. Stephen Powis called on the public to think of those working long days to look after our loved ones when shopping. The appeal came at the government’s daily coronavirus briefing today, [...]
Philip Day’s Peacocks nears deal to buy Bonmarche out of administration November 28, 2019 Womenswear retailer Bonmarche is close to being bought out of administration by rival firm Peacocks, in a deal that could see 30 stores close before Christmas. Peacocks, which is owned by billionaire businessman Philip Day, has been named the preferred bidder for the embattled retailer, administrator FRP Advisory said this morning. However, negotiations are ongoing [...]
Heathrow airport breaks Christmas passenger record January 13, 2020 Heathrow airport welcomed a record 80.9m passengers in 2019 to notch a ninth consecutive year of traffic growth, it revealed today. Larger and fuller aircraft pushed the passenger growth as Heathrow airport witnessed its busiest December ever, when 6.7m passengers travelled through the airport over Christmas and New Year, up 3.1 per cent compared to [...]