Pharma C Investments values CBD trade show Product Earth at £3.68m November 7, 2021 Pharma C Investments, an early-stage investor and venture builder in the medical cannabis space, invests £275,000 into Product Earth, valuing it at at £3.68m.
JD Sports first-half profit jumps after post-lockdown demand September 14, 2021 Sportswear retailer JD Sports Fashion has reported record earnings for the first half thanks to strong demand for sportswear. However, the company withheld its interim dividend and made the suggestion of a “larger full year dividend” instead. JD Sports said it had been limited by supply chain disruption, meaning it had struggled to meet demand [...]
Topps Tiles puts in resilient performance despite lockdown closing stores March 31, 2021 Topps Tiles saw revenue grow in the first half of its 2021 financial year despite the recent coronavirus lockdown closing its stores and halting its commercial work. In the 26 weeks ending 27 March, the tile specialist saw revenues of £103.6m, down slightly from £106m during the same period in 2020. In the first [...]
Urgent calls for a ‘lessons learned’ review into impact of pandemic handling on high streets December 10, 2021 The government is facing calls to conduct an “immediate lessons learned” review into how high streets were affected by the handling of the pandemic. An online sales tax should also be introduced and go towards a reduction in business rates for the retailer, the cross-party Levelling Up, Housing and Communities (LUHC) Committee agreed. In a [...]
Tory MP calls on government to extend job retention scheme April 29, 2020 A Conservative London MP has called on the government to extend the job retention scheme that pays “furloughed” workers’ wages to help businesses hit by a plunge in international visitors. Nickie Aiken, MP for Cities of London and Westminster, and the Association of International Retail have written to chancellor Rishi Sunak to say that businesses [...]
Tesco profits tumble despite surge in pandemic sales April 14, 2021 Tesco’s pre-tax profit fell by 20 per cent to £825m in 2020 despite a pandemic-driven jump in group sales. The UK’s biggest grocer said it incurred £892m of Covid-related costs during the year and repaid £535m of business rates relief. The retailer reported a 6.3 per cent rise in group like-for-like sales, including a 7.7 [...]
Thorntons to close all UK stores putting 600 jobs at risk March 15, 2021 Thorntons has announced it will close all of its stores, putting around 600 jobs at risk. The chocolatier said this afternoon that it will permanently shutter its 61 branches due to the restrictions on trading during the coronavirus pandemic. In a statement the Sheffield-founded brand said lockdown restrictions over the Easter and Christmas period and [...]
FTX collapse has no winners, unless you’re a news site or a hardware wallet December 9, 2022 David F Carr, Senior Insights Manager at Similarweb, crunches the numbers and discovers some surprising winners in the FTX debacle.
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Robinsons owner Britvic sees revenues rocket as UK restrictions ease July 22, 2021 Britvic, which owns Robinsons and Tango, has seen its revenues surge since restrictions eased as the soft drinks retailer was hit hard by hospitality closures. Revenue at the company shot up 22.8 per cent to £384.8m in its third-quarter trading, as it said revenue has grown across all its units. In total, however, the company’s [...]