M&S shares jump to 18 month high following revised price targets August 26, 2021 Marks & Spencer (M&S) shares are at their highest level in almost eighteen months after the company revised its profit targets upwards. In a statement released last week M&S said that they were expecting annual adjusted profit before tax to exceed the upper end of previous guidance predicting £300-350m. Share prices rallied in response to [...]
Tingo Group reveals impressive 2022 financial results April 6, 2023 Tingo Group, Inc. (NASDAQ: TIO) has announced its financial results for the fiscal year ending December 31 2022.
Exclusive: HMV’s new owner on where he wants to take his High Street stores July 29, 2021 Music and entertainment retailer HMV confirmed last week plans to open 10 new stores, including a flagship London site. Following its decline into administration two years ago its Oxford Street store – along with many others – were closed. However, new owner Doug Putman, a Canadian music retail executive, bought the struggling business and believes [...]
Shakespeare on advertising: Asos looks set to build on success July 28, 2021 ASOS recently reported revenues of £1.3bn for the four months leading up to June 30, 2021 – a year-on-year increase on last year’s performance of £1.1bn. Beyond customer growth, however, data from YouGov BrandIndex shows that the online fashion retailer has seen real improvement in a number of key areas. ASOS’ Impression scores – which [...]
Could the bounce-back be quashed by a second wave? August 4, 2020 With some countries fearing a second wave of Covid-19 cases, Schroders’ chief economist Keith Wade considers whether a bounce back in the economy could be quashed. While there are hopes that the easing of lockdowns and reopening of businesses are beginning to give life to the global economy, fears of second waves of infections are [...]
BrewDog signed beer distribution deal in Qatar despite ‘anti-sponsorship’ campaign November 8, 2022 BrewDog has signed a deal with an alcohol distributor operating in Qatar, despite launching an ‘anti-sponsorship’ campaign this week protesting human rights in the country ahead of the World Cup. The firm’s beers are distributed in the country by the Qatar Distribution Company – a state-owned subdsidiary of Qatar Airways – which is the only [...]
Nike sues retailer selling unauthorised sneaker NFTs February 4, 2022 Sneaker giant Nike has sued online reseller StockX in a US court for selling images of its shoes as non-fungible tokens (NFTs).
Made.com doubles London warehouse space with new 350,000 sq ft site, creating 100 jobs May 4, 2021 Online retailer Made.com has announced it will more than double its London warehouse space to meet consumer demand for furniture and homewares. The 350,000 sq ft distribution centre at London Gateway Logistics Park in Tilbury is part of Made’s growth plans and will create up to 100 new jobs. The development, which will be completed [...]
Aston Martin seeks to raise £152m to bolster finances June 26, 2020 Aston Martin today said it will ask investors to snap up £152m of new shares to help it become roadworthy once more amid sinking sales and the coronavirus pandemic. Britain’s luxury car manufacturer said the equity raise, planned for the end of June, would be equivalent to around 20 per cent of its existing issued [...]
Aston Martin revenue plummets amid ‘challenging period’ for luxury car firm July 29, 2020 Aston Martin more than quadrupled its operating loss for the first six months of 2020 as the luxury car firm reported a steep plunge in sales and revenue during the pandemic. The results Total retail sales sank 41 per cent to £1.77bn in the six months to June, down from £3bn in the same period [...]