UK households remain cautious on economic outlook, discretionary income and debt levels July 22, 2019 UK households remain concerned about their economic outlook, disposable incomes and debt levels, survey data out today shows. Deloitte’s consumer confidence index for the UK in the second three months to 30 June remained at a minus eight per cent – unchanged from the first quarter – but down four percentage points from the same [...]
Nearly a third of European firms still not GDPR compliant July 22, 2019 Almost a third of European businesses are still not compliant with the wide-ranging European Union laws on data protection and privacy introduced last year, according to accounting firm RSM. Read more: Data breach reports soar since GDPR as firms fear mammoth fines RSM said medium-sized businesses were “struggling to understand and implement” the General Data [...]
Netflix loses its chill: Four ways the streaming giant can recover July 18, 2019 Netflix shares dropped roughly 11 per cent when Wall Street opened today, as bleary-eyed investors reacted to a disappointing set of second-quarter results. The streaming firm posted a 26 per cent rise in revenue to $4.9bn (£3.9bn), but added just 2.7m worldwide subscribers, well below its 5m forecast. Read more: Netflix to open huge UK [...]
Growing pains: Asos share price plunges after fresh profit warning July 18, 2019 Online fashion giant Asos suffered a double-digit drop in its share price this morning after warning that profits will be lower than expected this year, citing new troubles in its international warehouse facilities. In its second profit warning in just over six months, the firm said today that it was reducing its forecasts as it [...]
Google suspends Viagogo from advertising amid claims ticket site has not changed its ways July 17, 2019 Google has today dealt a blow to controversial second-hand ticketing company Viagogo by suspending its website as an advertiser. It is the second setback for the firm this month. Earlier in July, the Competition and Markets Authority (CMA) said it would take Viagogo to court. Read more: MPs warn consumers against using ticket reseller Viagogo [...]
London house prices suffer worst plunge in 10 years July 17, 2019 London house prices suffered a staggering 4.4 per cent annual drop in May, their worst annual drop since the financial crisis, public data revealed today. While UK house prices rose 1.2 per cent compared to May 2018, London house prices sank, the Office for National Statistics (ONS) revealed. Read more: UK house prices slip for [...]
Galliford Try expects profits to be in line with expectations July 17, 2019 Galliford Try said today that the restructuring of its construction arm has been completed and pre-tax profits for the year are set to be in line with expectations. The FTSE 250 giant, which has been cutting its exposure to Central London’s subdued housing market and scaling back its core construction business, seemed to ease investor [...]
UK marketing budgets stall as political uncertainty hits brands July 17, 2019 UK marketing budgets flatlined in the second quarter, as growing uncertainty reversed a surprise ad spend boost at the start of the year. Figures released by the Institute of Practitioners in Advertising (IPA) revealed marketing budget growth stalled in the three months to the end of June, with businesses adopting a more cautious approach to [...]
Leicester Square’s Hippodrome Casino reports falling profits July 15, 2019 Leicester Square’s Hippodrome Casino saw profits halve last year as political and economic uncertainty dented gamblers’ confidence. Revenue slumped from £77.8m to £76.5m and operating profit dropped from £5.5m to £2.1m last year, according to the casino operator’s latest financial filings. Read more: El Dorado snaps up Caesars in major casino purchase Hippodrome, which is [...]
Proven success: Finsbury Food hails bread sales for rising revenue July 15, 2019 Thorntons maker Finsbury Food credited rising bread sales for an annual 3.8 per cent in group sales to £315.3m in the 12 months to the end of June. Read more: Icing off the cake: Finsbury Food drops as butter prices skyrocket Cake, bread and pastries pushed the Aim-listed baker higher, which saw a three per [...]