The tradition of Christmas shopping on the high street could be about to come to an end January 20, 2016 We’ve come to that time in the New Year when retailers and investors alike look back on the data accumulated by shops throughout the Christmas season. Next was the first retailer to release the data and it wasn’t great news – either for them or for other high street retailers, as we had disappointing updates from everyone from [...]
Tesco’s not out of the woods yet January 26, 2016 Tesco is still very much paying for the sins of the past, but it has started to turn the corner on the slow road to recovery. The coming weeks are likely to contain some unpleasant tidings for the embattled supermarket. The slap on the wrist from the grocery watchdog for failing to treat suppliers fairly is [...]
Prepare to refight referendum battles: How Brexit will dominate 2017 politics January 3, 2017 Brexit will completely dominate 2017. The big short-term question is whether the government’s initial negotiating position will be enough to keep Leave campaigners onside, or whether they will feel a pro-EU Prime Minister and chancellor have betrayed them. This depends on the nature of the proposed deal on free movement. Anything other than a major [...]
Aslef’s not happy with Southern over “misleading” claims it cancelled a strike ballot November 7, 2016 Train drivers' union Aslef is not happy over a press release sent out by Southern's parent company Govia Thameslink Railway (GTR) over the weekend. A press release from GTR said Aslef "cancels ballot 24 hours after launch", calling it off for technical reasons. Aslef said it had simply been postponed. Angie Doll, Southern's passenger services director, [...]
Mountain Warehouse takes a hike on IPO plans as half-year sales double October 14, 2016 Outdoors retailer Mountain Warehouse abandoned plans to float in London before the EU referendum, the group revealed today. Despite initial discussions showing there was strong investor interest, the company ditched the idea in the early summer. Its decision was confirmed as the better move, a source close to the company said, after the pro-Brexit referendum [...]
Etsy’s share price surges after reporting strong revenue growth despite an earnings loss February 23, 2016 Quirky online marketplace Etsy reported revenue just over expectations, as it announced the number of its active buyers and sellers has surged. Etsy's share price jumped over 17 per cent in after-hours trading on the news, but had closed seven per cent lower ahead of the results. Revenue for the fourth quarter was reported at $87.9m (£62.7m), [...]
JD Sports raises profit guidance by 10 per cent as Christmas sales soar January 14, 2016 JD Sports has increased its guidance on pre-tax profit, saying it could beat consensus by up to 10 per cent, after Christmas sales soared. Like-for-like store sales in the core sports fashion fascias were up 10.6 per cent in the five weeks to 2 January, JD said. As a result, it said headline profit before tax [...]
Looking for deals on flights? Here are some of the best deals for Black Friday from British Airways and Ryanair November 25, 2016 Forget snapping up a heavily discounted perfume you've never actually tried. It's not just the big retailers getting involved in Black Friday with deals. And some of the biggest airlines have a range of offers lined up for Black Friday, so if you're feeling fed up of the wind and the cold and are looking to [...]
Conviviality Retail’s share price climbs as it reveals boost to sales from Matthew Clark takeover as champagne and prosecco sales leap February 1, 2016 A strong Christmas has powered drinks company Conviviality Retail over the first half, with the Bargain Booze and Threshers group increasing its interim dividend. The figures The business, which completed its acquisition of wholesaler Matthew Clark in October, said group revenues jumped 38 per cent to £252m for the 27 weeks to 1 November. EBITDA was up 43 [...]
FTSE 100 falls on last day of 2015 December 31, 2015 Britain's blue-chip index was down 0.13 per cent at 6,266.14 points in the final half day trading session of 2015. Elsewhere, the French Cac was 4,663.42 points lower while the German Dax was closed for a public holiday. The FTSE 100 has failed to reach a record high hit in April, partly due to the market turmoil bought about by concerns over [...]