Debenhams share price jumps at the open as it reveals increase sales over Christmas January 12, 2017 Shares in Debenhams rose over three per cent at the open, as the department store revealed an improvement in sales over the Christmas period. The figures Like-for-like sales were up five per cent in the seven weeks to 7 January, beating expectations. Debenhams attributed the improvement to beauty and gift sales, which took the non-clothing [...]
Apple’s shares have gone bananas on recovering iPhone sales February 1, 2017 Shares in Apple jumped almost six per cent as the market opened in New York this morning, after stellar earnings revealed record iPhone sales. Shares were up 5.7 per cent at $128.23 after figures published last night showed it sold 78.3m iPhones. The figure smashed analysts' expectations of 76m. The Christmas period was seen as crucial for [...]
Marston’s toasts a fine festive season January 25, 2017 Marston’s said it was on track to open 20 more pub-restaurants and bars and five lodges this financial year after “encouraging” festive season trade. But analysts warned the pub company could face tougher conditions and may need to rely on its value outlets Two For One and Carvery for growth as consumers tighten their belts. [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK "improved equivalence" as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]
Marks and Spencer (LON:MKS) share price: Steve Rowe promises to “make M&S special again” as sales and profits slide while CFO Helen Weir steps down November 8, 2017 Marks and Spencer Group’s profits fell in the first half, as the retailer faced additional headwinds in its food business and continued the struggle to boost clothing sales. The group also confirmed reports that its chief financial officer, Helen Weir, will leave the company in due course. Shares in the company rose 3.5 per cent [...]
Beware the cryptocurrency hype February 20, 2018 Those who cannot remember the past are condemned to repeat it, as philosopher George Santayana famously wrote. What’s happening in markets today is a stark reminder of the dot-com days at the end of the last millennium, when company valuations rocketed at the mere mention of internet-related buzzwords. Fortunes were made and lost in relative [...]
Dunelm shares drop despite reporting revenue increase – as store sales hit by supply chain woes January 12, 2017 Dunelm investors seemed unimpressed with this morning's report on trading in the 13 weeks to 31 December, despite group sales increasing. The figures Sales were up by 6.6 per cent year-on-year. Like-for-like sales from stores declined, by 1.4 per cent, to £215.6m. Dunelm's home delivery division saw a massive sales increase over the Christmas period, [...]
Marks & Spencer posts Christmas sales hike as clothing division shows increase for first time in two years January 12, 2017 Marks & Spencer has revealed a long-awaited improvement in its clothing arm during the 13 weeks to 31 December, although a change in its reporting period played a significant part in the alteration. The figures The retailer reported a 5.9 per cent increase in sales over the Christmas period. The clothing and home arm showed a [...]
UK government public sector net borrowing falls to lowest November total in a decade, says the Office for National Statistics December 21, 2017 While consumers may be racking up the debt as Christmas creeps closer, chancellor Philip Hammond has managed to keep a lid on the UK’s public sector borrowing. Statistics released today by the Office for National Statistics (ONS) revealed public sector net borrowing fell by £200m to £8.7bn in November 2017 – the lowest November total [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK “improved equivalence” as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]