Debenhams issues fresh profit warning as expectations are ‘no longer valid’ March 5, 2019 Debenhams warned this morning that its profit expectations for the current year were "no longer valid", as a combination of increased financing costs and market uncertainties signalled further disruption for the embattled department store chain. The high street retailer has withdrawn its full-year outlook today, saying discussions with stakeholders have "now progressed to include options to [...]
Bitcoin at $50,000? Here’s what analysts say will happen to cryptocurrencies in 2018 January 2, 2018 Bitcoin had a shaky start to the year after a spectacular rise in 2017, so what does 2018 hold for the cryptocurrency? Dennis de Jong, the managing director at UFX, said despite the blip over the Christmas period, there “really isn’t a roof on how high bitcoin can climb in 2018”. “Given the unexpected speed [...]
Gatwick drone chaos costs Easyjet £15m but shares rise as profits stay the course January 22, 2019 Drone disruption at Gatwick cost Easyjet £15m, the airline revealed today, as it said that 82,000 passengers were affected by the incident, but shares rose as profits stayed the course. Easyjet was forced to spend £10m in customer welfare costs and lost £5m in revenue, it confirmed in a trading update this morning, as it [...]
Sainsbury’s sees rising sales despite ‘uncertain’ outlook November 8, 2018 Sainsbury’s posted growth in underlying profit for its half-year results today, despite highlighting an 'uncertain' outlook ahead of the Christmas spending period. The figures Like-for-like sales climbed 0.6 per cent year on year during the six months, rising from the 0.2 per cent growth it reported for the first quarter of the year. That helped revenue hit £16.8bn, up [...]
High street faces chilly week ahead as disappointing festive trading updates expected January 6, 2019 High street retailers are expected to be further under the cosh by the end of the week, with a flurry of quarterly trading updates due in the coming days. Troubled department store Marks and Spencer is one of several set to reveal yet another fall in sales over the festive period, according to analysts at [...]
Carpetright share price drops nearly 50 per cent as it warns profits will be “significantly” lower January 19, 2018 Troubled retailer Carpetright has slashed its full-year profit expectations after a “sharp deterioration” in UK trading. Shares in the firm dropped more than 48 per cent to 85p at the market open. UK like-for-like sales dropped by 3.6 per cent in the period due to lower customer footfall, the company said in a gloomy trading [...]
ii winter portfolios 2018-19 deliver mega profits March 13, 2019 Four months into this six-month strategy and both our winter portfolios are thriving, writes Lee Wild. Finding a trading strategy that works 100 per cent of the time is the Holy Grail of investing. We’re not claiming to have found it here, and seasonal trading is not for everyone, but there is a statistical anomaly backed [...]
White Christmas: Is London to miss out? And will air, road and railways be disrupted? December 16, 2017 Despite temperature gauges plunging into negative territory of late, above average temperatures in the days before Christmas mean snowfall is not likely, forecasters say. From this Thursday (21 December) a drier front is set to sweep across the south of England under cloudy skies. This contrasts with the north of the UK, which has the [...]
PA Awards 2021 November 8, 2021 Behind every great business person is an exceptional PA, EA or VA. City A.M. is once again celebrating those Personal, Executive and Virtual Assistants in a unique ceremony at Bob Bob Ricard in the heart of the Square Mile on Tuesday 7th December. This year’s event promises to be bigger and better than ever, with more [...]
Bitcoin (BTC) back into recovery mode after Christmas cryptocurrency crash December 26, 2017 The price of bitcoin rose sharply on Boxing Day morning as cryptocurrency bulls reasserted themselves following a week of selling. The price of a bitcoin rose by more than 7.7 per cent from midnight on Christmas day to the time of writing – a period of only nine hours – to almost reach $15,500, before [...]