Queen’s Speech promises wide-ranging public spending December 19, 2019 A wide ranging Queen’s Speech has set out the government’s plans to boost NHS spending, slash business rates, implement stricter prison sentencing and to leave the EU. Queen Elizabeth’s second state opening of parliament in three months began with the government’s promise leave the EU by the end of January. Read more: NHS to be [...]
EFL Cup and Club World Cup: How Liverpool are planning to fight on two fronts this week December 16, 2019 Liverpool will play Aston Villa tomorrow night in the EFL Cup quarter-final less than 24 hours before they are due to play in the Club World Cup semi-final half-way across the world in Qatar. It means Jurgen Klopp’s side will have played three games in the space of five days, following Saturday’s 2-0 win over [...]
Iceland Christmas sales fall despite furore over banned palm oil advert February 20, 2019 Iceland is set to reveal a decline in underlying sales over the festive period after its controversial Christmas advert failed to boost business. A report prepared for bondholders, obtained by the Financial Times, showed underlying sales fell by one per cent in the 16 weeks to 4 January. Read more: Iceland mulls bid for potential [...]
Staffline on track for worst day in history as shares lose 50 per cent over Brexit worries May 17, 2019 Staffline lost over half its value on the market today and was on track for its worst day ever as it said Brexit uncertainty was causing companies to offer full-time roles to temporary workers, cutting out the need for the agency. Shares fell 52 per cent to 397p as the company warned that earnings before [...]
Timetable vote threatens to derail PM’s Halloween Brexit pledge October 21, 2019 A normally run-of-the-mill vote on parliamentary business today threatens to derail Boris Johnson’s last chance to get Brexit done by 31 October. A programme motion, setting out the timetable for debating the crucial Withdrawal Agreement bill (WAB), could be rejected by the alliance of opposition MPs and Tory Remainers who argue that it does not [...]
Should you really sell in May and go away – What is the truth of the old stock market saying? May 30, 2019 There are many phrases used to try to capture trends or patterns that supposedly appear in the movement of share prices over the years. For example, the concept of a “Santa Rally” suggests that stock prices increase in the run up to Christmas. Yet one of the oldest such phrases is “sell in May and [...]
Joules enjoys revenue bump as international market blossoms June 6, 2019 British lifestyle brand Joules enjoyed a double-digit rise in revenue over the last 12 months, as booming international demand helped the firm shrug off wider troubles in the retail sector. Read more: Joules lures in new CEO The fashion firm’s revenue jumped by 17.2 per cent to £218m in the year to 26 May 2019, [...]
Is the “Santa Rally” real? December 18, 2019 Investors found their festive spirits dampened at the end of 2018. With concerns over the health of the global economy looming large, global stocks fell 13.7 per cent in the final quarter of the year, according to the MSCI World Index. It wasn’t a merry advent period, indeed it was the worst December for markets [...]
Sainsbury’s CEO Mike Coupe to retire after six years January 22, 2020 Mike Coupe is set to retire as chief executive of Sainsbury’s after six years at the helm, the company revealed today. The CEO will leave the role in May before retail and operations director Simon Roberts takes charge in June. Mike Coupe said leaving had been a “very difficult decision for me personally”. Read more: [...]
Debenhams owners to outline plans to shut 20 stores April 23, 2019 Debenhams is poised to outline plans this week to bring forward the closure of 20 of its stores, according to Sky News. The new owners of the department store chain, which include Barclays and hedge fund Silver Point, will launch a company voluntary arrangement (CVA) in the next 48 hours that will allow it to [...]