Dunelm revels in sales growth and anticipates full-year profits ahead of market expectations January 12, 2022 Dunelm expects full-year profits before tax to be "materially ahead" of expectations after strong second-quarter sales.
EMEA 2022 M&A Outlook: What will drive deals? January 31, 2022 M&A hit all-time highs in EMEA in 2021 and it seems activity is unlikely to slow in 2022. Deal value in the region for the year to end-Q3 2021 came in at €980bn, 100% up on the same period last year, with deal volumes climbing 49% to 7,545. Will the pace and level of M&A [...]
Shares plunge in London-listed recruiter hit by soaring costs and Afghanistan turmoil March 28, 2022 The RTC Group has been hit by soaring operational costs and higher employment levels, as the recruiter wrestles with a pandemic-era trend of people not wanting to change their jobs. The London-listed company’s revenue fell from £81.4m in 2020 to £77.7m in the year to 31 December, as its CEO explained the removal of Western [...]
End of work from home gives TfL a well-deserved boost to ridership February 10, 2022 Transport for London (TfL) received a well-deserved boost following the end of the ‘work from home’ order. According to data released today, since restrictions were lifted on 19 January, Tube ridership numbers have increased 25 per cent, reaching 60 per cent of pre-pandemic levels. As workers flock back to the Square Mile, stations closest to [...]
Pandemic spending habits settle to ‘new normal’ after online shopping boom March 8, 2022 Pandemic spending habits have “settled into a new normal” with people returning to bricks and mortar stores to ‘try before you buy’ last month. Total retail sales were up 4.9 per cent in February, compared to the same month in 2020, according to the British Retail Consortium (BRC) and KPMG retail sales monitor. Sales continued [...]
Interventions have merit, but government mustn’t get hooked on meddling March 28, 2022 The drumbeat towards another Sunakian save-the-day package has begun, it seems. It is barely weeks since the Chancellor’s first energy market intervention, a devillishly complicated scheme of rebates and discounts to reduce the pain of higher energy prices. Russia’s invasion of Ukraine has now added further upward pressure on those same costs, and it is [...]
City pay packets bulge as firms hike wages to lure talent October 18, 2021 Pay packets in the City are bulging as competition for talent heats up amid the post-pandemic rebound. Finance firms are hiking pay in a bid to lure workers away from their current employer, research by professional services recruiter Morgan McKinley found. Workers moving from one company to another netted on average a 22 per cent [...]
Pure Gym close to bailing out of £1.5bn London listing October 14, 2021 The UK’s largest gym chain Pure Gym is reportedly close to abandoning its £1.5bn London float. The company could decide sometime this week whether it will go ahead with the listing, Sky News’ Mark Kleinman first reported. Though the initial public offering (IPO) had not been formally announced, Pure Gym had confirmed in August that [...]
Pubs: As record number predicted to go bust in 2023 hospitality guru urges gov to lift sector from ‘the abyss’ January 6, 2023 A record number of pubs, clubs and restaurants could go to the wall this year without more support, warned a leading industry voice.
Cazoo remains ‘laser focused’ on long-term objectives despite macroeconomic headwinds, says boss May 3, 2022 Cazoo remains “laser focused” on long-term strategy despite ongoing macroeconomic headwinds, its chief executive Alex Chesterman said today. The online car retailer announced that quarterly revenues soared 159 per cent, less than a month after the online car retailer posted profits worth £25m for the year ended 31 December. In the first three months of [...]