FTSE 100 close: London indexes close lower over fears of further rate hikes and fragile housing market June 8, 2023 London’s main indexes closed lower on Thursday as investors feared further rate hikes and yet another report pointed to a gloomy future for the UKs’ housing market. The capital’s premier index fell 0.32 per cent to 7,599.74 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Experian looks to full year targets after growth in first three months of 2022 July 14, 2022 Credit reporting firm Experian experienced a growth in revenue during the first three months of 2022 despite a decline in consumer confidence in the UK and north America. The world’s largest credit data firm reiterated its bid for full year targets as it announced 14 per cent group revenue growth in the UK and Ireland, [...]
City watchdog looks to boost access to financial advice for consumers November 30, 2022 The Financial Conduct Authority has laid out measures to widen access to financial advice today to allow consumers to “invest with confidence” amidst a cost of living crunch.
Sofa seller ScS cautions cost-of-living pressures have slowed orders down August 4, 2022 ScS has warned that cost-of-living pressures have already driven down orders although the sofa business still lifted its profit expectations for the rest of the year. The furniture retailer reported a 3.9 per cent increase in orders in the year to 30 July, compared with the previous year. The company said a stronger than expected [...]
Barratt: ‘Uncertainty’ pushes housebuilder’s sales reservations down 44 per cent but pre-tax profit rockets to £521m February 8, 2023 Barratt Developments posted profit before tax of more than £520m as the company suggested that its outlook for the year was improving, despite sales at the beginning of 2023 lagging behind last year. The housebuilder’s revenue increased 24 per cent in the six months to December 31 from the same period last year while its [...]
Crown Paints expects profits to bounce back after ‘dismal performance’ January 11, 2024 Crown Paints has said high raw material prices contributed to its "dismal performance" which also forced it to cut jobs.
Wickes reports sales growth ahead of winter dominated by rising energy costs October 21, 2022 Home improvement giant Wickes announced a boost in sales ground in the third quarter, as it looks to maintain “rigorous control” of costs ahead of a choppy winter. The retailer registered like-for-like sales growth of 2.6 per cent in the last three months, down from 5.4 per cent on the second quarter, but recovered from [...]
Marks and Spencer’s success is not a ‘flash in the pan’, analysts cheer January 3, 2024 M&S's success will not be a “flash in the pan”, analysts have said as the retailer is crowned one of the top stock picks of 2024.
Apple share prices plunge, taking valuation below $2tn January 4, 2023 Apple’s shares plummeted in value by three percent yesterday, meaning the the tech giant’s valuation tanked $2tn (£1.66 trillion) for the first time since May 2022. The company’s share value dropped to a price of $130.20 per share yesterday, marking a year-low, and giving the company a valuation of $1.99 trillion (£1.65 trillion) at market [...]
Joules confirms talks with Next about retail giant acquiring £15m minority stake August 8, 2022 Joules has confirmed weekend speculation that Next is set to acquire a minority stake in the lifestyle retailer for around £15m. Sky News reported at the weekend that the high street staple had been in talks with Joules for several weeks over a deal. Now, Joules has confirmed these discussions are taking place, with talks [...]