John Lewis posts £29m pre-tax loss after restructuring costs – CityAM : CityAM September 16, 2021 John Lewis has reported a pre-tax loss of £29m for the year’s first half, after restructuring costs. However, the high street giant said its half year results ending July 31 marked a significant improvement on last year’s pre-tax loss of £635m. Profit before exceptional items was £69m, up £124m on the comparable period last year, [...]
The Notebook: Reforming the NHS, how the world got rich, and tax breaks for the over-50s January 16, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of John O’Connell, Chief Executive of the TaxPayers’ Alliance Reforming the NHS no longer so unsayable? As the NHS endures its annual winter crisis – before it moves into its inevitable summer crisis – thousands of doctors are reportedly [...]
Warehouse investment hits record levels as e-commerce fuels boom in demand January 31, 2022 Investment into warehousing and logistics hit record levels in the UK last year fuelled by a boom in online retail brought on by the pandemic.
How investor ‘tourism’ in biotech industry can both bruise it – and supercharge it February 13, 2022 The pandemic trigged an “astonishing” surge in the biotech industry, with red-hot stock valuations and a flood of IPOs. The industry caught the eye of retail investors and a series of lockdown measures leaving many people homebound with spare time and easy access to online trading platform, saw many dive into these ‘on trend’ stocks. [...]
Discounter B&M revenue growth slows after bumper pandemic trade July 8, 2021 Discount retailer B&M’s first quarter results show increased revenue, but at a slower pace to the growth in its last financial year. The group’s total revenue for the first quarter, the 13 weeks to 26 June, increased from £1.15bn to £1.18bn, providing a strong start to the new financial year for the retailer. The results [...]
Poundland faced with staggering tenfold rise in shipping costs October 14, 2021 Discount retail giant Pound has seen shipping costs rise tenfold due to global supply chain issues. Andy Bond, chief executive of PepCo, which also runs Dealz stores across Europe, said the retailer has enough stock to keep shelves full although he admitted price pressures are being felt. He did not expect the pressures to ease [...]
JD Sports raises profit outlook and announces board change July 1, 2021 Britain’s largest sportswear group raised its profit outlook for the full year to “no less than” £550m in a trading update today. JD Sports said sales in the immediate period after lockdown reopening had been “particularly encouraging”. Most of the fashion retailers 3,300 stores around the world are now open, bar some in the Asia [...]
Kurt Geiger: Customers will remember retailers’ coronavirus response April 17, 2020 Businesses that protect employees and support the NHS during the coronavirus pandemic will be rewarded by customers when the crisis is over, according to Kurt Geiger’s chief executive. “Customers will remember who has done the right thing, and who maybe hasn’t, and we want to be on the right side of that when we come [...]
Made.com sees sales jump but still turns a loss in H1 2021 September 14, 2021 Homeware retailer Made.com saw gross sales jump by 54 per cent in the first half of the year, but the company struggled to balance the books. While sales topped £213.9m the company’s loss before tax stood at £10.1m, a 34 per cent improvement on the first half of 2020 when Made.com lost £15.2m. EBITDA climbed [...]
FTSE 100 today: UK stocks set to open higher as rate cut odds strengthen; ECB in focus June 6, 2024 Asian markets mirrored Wall Street's surge. All eyes are on the ECB's likely rate cut and Christine Lagarde's press conference.