Apple set to break $100bn quarterly sales record as tech boom continues January 27, 2021 Apple’s bullish run shows no signs of slowing down, with the tech giant expected to join an exclusive club of companies to have earned revenue of more than $100bn (£730m) in a single quarter. Analysts have predicted quarterly revenue of $102.6bn for the iPhone maker, which would mark year-on-year growth of 12 per cent — [...]
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
Sage sees revenue rise on bump in software subscriptions November 20, 2020 Software group Sage today said that a bump in subscriptions had helped it increase revenue nearly a tenth across the last financial year. The Newcastle-based company saw revenue rise 8.5 per cent to £1.6bn for the year, with subscription growth up 20.5 per cent to £1.1bn. Sage added that it had seen particularly strong growth [...]
Supermarket till sales down four per cent last month as online shopping and cost of living hit hard April 5, 2022 Supermarket till sales continue to feel the impact of online buying brought about by the pandemic, with a four per cent fall last month. A new study indicates that online sales also fell almost 20 per cent from last year, as the cost of living crisis continues to change consumer habits. The report by NielsenIQ [...]
Andrew Bailey dismisses banking volatility as ‘testing out’ but stresses BoE remains ‘vigilant’ March 28, 2023 Andrew Bailey today dismissed recent volatility in the banking sector as “testing out” firms although he stressed that officials in the UK remained “very vigilant” for further signs of friction. Responding to a grilling by MPs on the treasury committee, the governor of the Bank of England said “there’s been quite sharp moves in markets [...]
In The Style: Why fast-fashion brand once worth over £100m was forced to sell itself in cut-price deal January 15, 2024 The full financial challenges that faced fast-fashion brand In The Style before it was forced to sell itself to avoid administration have been revealed for the first time.
Coronavirus: BMW sales fall over 20 per cent due to retail closures April 6, 2020 BMW’s sales dropped over 20 per cent in the first quarter of the year due to the coronavirus outbreak, the German car giant said today. Due to the widespread closure of showrooms across Europe and the rest of the world, the automotive firm sold only 477,111 vehicles in the first three months of the year. [...]
Bravissimo: Founder sells up ahead of 30th anniversary September 27, 2024 Lingerie retailer Bravissimo, which was set up by entrepreneur Sarah Tremellen almost 30 years ago, has been sold to a Japanese giant. The Warwickshire-headquartered company has been snapped up by Wacoal’s European division, which is based in Northamptonshire, for an undisclosed sum. Tremellen has owned Bravissimo with her husband Mike since she founded the firm [...]
Watches of Switzerland to open new flagship London Rolex store August 16, 2022 Watches of Switzerland today set out plans to open a new 7,200 square foot flagship Rolex shop in Mayfair after posting strong results for the first half of 2022. The watch seller will relocate its Rolex Boutique from its current 900 square foot premises on Bond Street to new much larger premises down the [...]