Virgin Wines battles shifting consumer habits as share earnings slip March 15, 2022 Virgin Wines earnings per share and pre-tax profit have stunted in the past six months, as the online wine retailer battles shifting consumer habits. With spiralling inflation and soaring energy prices, UK consumers are increasingly holding back splurging on non-necessities such as wine. The company, a subsidiary of the Virgin Group, earned an average of [...]
Wilko shakes up rent payments as it eyes cashflow ahead of Christmas September 11, 2022 High street giant Wilko is shaking up its rent payments schedule in a bid to conserve cash in the run up to Christmas. The garden and home retailer told landlords that it would now unilaterally pay its quarterly rent bill in monthly instalments to manage the firm’s cashflow: heralding a difficult time moving forward for [...]
Facebook shops for customers as e-commerce explodes May 22, 2020 Do you remember when you needed a new item of clothing and headed to the high-street to browse the shops? Perhaps a few try-ons in different places before making your selection? Coronavirus means that’s obviously not possible at the moment, meaning a choice of either waiting until lockdown passes or going online. More and more [...]
FTSE 100 drops to October lows on recession fears January 15, 2021 The FTSE 100 sunk into the red today, capping off its worst weekly performance since the end of October amid fresh Covid woes. The blue-chip index closed down 0.97 per cent at 6,735 points after new data showed UK GDP fell 2.6 per cent in November, sparking fears of a double-dip recession. London’s main market [...]
Shopping centre owner Hammerson sees profits surge as footfall recovers pre-Covid levels July 28, 2022 Property developer Hammerson today said its adjusted earnings had more than doubled on last year, as higher rents as a result of the UK and Europe’s economic from Covid bolstered the shopping centre owner’s business. The London headquartered property investor said its adjusted earnings had increased 154 per cent year on year, after its like-for-like [...]
Retail sales beat expectations as shoppers continue spending spree September 20, 2018 Retail sales volumes beat expectations and rose 0.3 per cent in August as British shoppers continued to spend. The Office for National Statistics data showed sales jumped 3.3 per cent on August last year. There were increases across all sectors except food, clothing and petrol. Read more: Retail industry fears 'tipping point' amid looming business [...]
Retail sales beat expectations as shoppers continue spending spree September 20, 2018 Retail sales volumes beat expectations and rose 0.3 per cent in August as British shoppers continued to spend. The Office for National Statistics data showed sales jumped 3.3 per cent on August last year. There were increases across all sectors except food, clothing and petrol. Read more: Retail industry fears 'tipping point' amid looming business [...]
CBI: UK manufacturing sector remained ‘depressed’ in August August 21, 2020 The UK manufacturing sector remained “depressed” in August although the downturn eased, according to a new survey that showed new orders rising only slightly month on month. The CBI’s monthly industrial trends survey’s measure of orders rose to minus 44 in August from minus 46 in July. It was below economists’ expectation of a rise [...]
Hammerson continues retail property disposal with £54m sale November 19, 2019 Hammerson has continued its property disposal programme with the £54m sale of a Gloucester retail park to a local authority. Following the sale of St Oswald’s Retail Park, Hammerson has reached £577m worth of disposals in 2019, including the sale of a major stake in its Italie Deux flagship destination in Paris for £423m in [...]
Startup Spotlight: Jnck Bakery May 17, 2023 Jnck Bakery was founded by brothers Sean and Alex Brasill in 2021 as a passion project focused on the UK obesity crisis and lack of healthy food innovation. Seeing an opportunity to create something that makes a positive difference – and tasted good – they created the world’s first HFSS-compliant cookie. Now halfway through their [...]