FTSE 100 plagued by string of downbeat results November 9, 2022 London’s FTSE 100 today was weighed down by investors ditching retail and leisure firms after several large players in the sector revealed they have been hit by the UK economic slowdown. The capital’s premier index edged 0.14 per cent lower to 7,296.25 points, while the domestically-focused mid-capo FTSE 250 index, which is more aligned with [...]
Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Bless Him not a curse in the Challenge Cup October 4, 2023 AFTER a spectacular weekend of racing featuring a vintage renewal of the Prix de l’Arc de Triomphe, it’s a somewhat quieter affair this week. The feature race of the weekend is the Group One Sun Chariot Stakes (3.10pm) at Newmarket where Frankie Dettori bids for more big race success on the latest stage of his [...]
Chief whip ‘told about Tory MP rape claims four months ago’ August 3, 2020 The government’s chief whip was last night accused of failing to act for four months on allegations against a Tory MP and former minister arrested for suspected rape over the weekend. Tory chief whip Mark Spencer is understood to have spoken with the complainant in April, but failed to launch an investigation into the allegations. [...]
Moving markets today: What’s shaping the FTSE 100 this morning January 10, 2024 Today's market highlights: Japan's Nikkei 225 at a 33-year high, stable U.S. Dollar, Bitcoin's rollercoaster, ongoing oil price surge, and anticipation for U.S. inflation figures.
Chiefofchiefs can prove he’s a very good Fellowes for Charlie and Jamie June 15, 2022 LADIES Day closes with the 30-runner Buckingham Palace Stakes (6.10pm) over seven furlongs, so if you’re still looking for a winner here then you’re in big trouble. William Haggas’ unbeaten Montassib is the potential Group horse in a handicap, but he’s drawn in stall one and that may well not be the place to be. [...]
This isn’t just a good Christmas: M&S retains ‘top turkey’ title as festive sales spike January 12, 2023 Once-troubled M&S continues to deliver positive news to investors with turkey sales helping give the firm a healthy Christmas period
Ocado Retail boss to step down as online grocer begins hunt for new CEO July 19, 2022 Ocado Retail has said its CEO Melanie Smith will step down next month, after three years at the helm of the business. Former deputy CEO of the company, Lawrence Hene, will take over on an interim basis while a hunt for a permanent replacement takes place. The supermarket has struggled with waning average basket spending [...]
Eat Out to Help Out wipes £155m off supermarket sales September 15, 2020 The government’s Eat Out to Help Out discount scheme saw £155m knocked off supermarket sales last month as consumers ate fewer meals at home. Brits spent less at supermarkets in the four weeks to 6 September compared to July as the discount scheme encouraged people to venture out to restaurants and cafes. Alcohol supermarket sales [...]