At the close: FTSE 100 gives up its gains after Bank of England puts rate rise on hold until August July 14, 2016 The Bank of England dashed market hopes of a further rate cut for at least another month today, sending the FTSE 100 off its 11-month highs. Having rallied to a peak of 6,743.42 before the Bank of England's decision, the FTSE 100 crashed to earth, closing down 0.2 per cent at 6,654.47 points. Most analysts thought the Bank would [...]
Brexit wrecks it: Brits shun big ticket buys July 4, 2016 The future of retail was uncertain even before the country voted to leave the European Union. Now, grocers and high street department stores have more than just discounters and the internet to deal with: they have to navigate changing trade relationships, weather a possible downturn in consumer sentiment, and adapt to shifting spending patterns as well. So what’s next for UK [...]
Burberry snap-happy at paparazzi shoot June 22, 2015 Burberry today launches a striking new ad campaign for its autumn/winter collection. The campaign features candid, paparazzi-style images of a host of British actors, musicians and models, including Ranald McDonald and Amber Anderson (pictured above).
Burberry share price hit by slower trade in Hong Kong July 15, 2015 British fashion brand Burberry hopes to head off deceleration in the Hong Kong market with a variety of cost-reducing moves, including possible job cuts and downsizing. The company reported an eight per cent uplift in retail revenue to £407m in the first quarter of 2015. Shares in the group were down by 2.59 [...]
Its share price might be on a downward slope, but here are six reasons this Old Mutual spinoff might just work March 11, 2016 Shares in FTSE 100 insurance group Old Mutual have fallen after it unveiled plans this morning to split into four separate companies – suggesting investors are less than impressed at its plans Fear not, though. There could be good reason to be optimistic about this conscious uncoupling, if past precedent is anything to go by. “The [...]
Christmas adverts 2015: It’s not just about John Lewis – here are all the other adverts including Marks & Spencer, Burberry, Waitrose, TK Maxx, Curry’s PC World, Argos – but nothing from Tesco yet November 6, 2015 Yes, yes, we know, there's a mournful man on the moon and a girl with a telescope and the whole of the UK is crying. But Christmas is not just about the John Lewis advert. There are some other retailers with festive ads of their own to share. Here's the best Christmas adverts the UK [...]
How “serial returners” are harming online retail businesses May 18, 2016 Three in 10 small and medium enterprise (SME) online retailers complain that so-called “serial returners” are harming their profit margin. Serial returners, or consumers who deliberately over-purchase to take advantage of free delivery and returns, are causing a “dilemma” for smaller businesses, which need to make a profit while keeping up with larger rivals. According [...]
Burberry hits a high note with 2016 show June 15, 2015 Burberry showed off its menswear Spring/Summer 2016 collection, yesterday afternoon at Kensington Gardens, to the sounds of UK musician Rhodes, accompanied by a 24-piece orchestra . Front row seats at the show were taken by Samuel L. Jackson and Lewis Hamilton.
FTSE 100 opens lower as miners’ share prices including Anglo American, Glencore and BHP Billiton fall after weak Chinese trade data March 8, 2016 The FTSE 100 index opened down this morning, following Asian markets lower after Chinese trade data declined by more than expected. The UK's blue-chip index fell 0.71 per cent to 6,136 points in early morning trading. "This morning’s latest Chinese trade numbers for February speak to that concern about the Chinese economy as imports declined 13.8 [...]
Abercrombie & Fitch misses expectations as sales sag, sparking share sell off – though the Hollister brand remains flat May 26, 2016 News of its 13th quarter-on-quarter sales decline has sparked a sell off of Abercrombie & Fitch stock. The fashion retailer's shares are down by 13 per cent in the pre-market, after the chain missed expectations and warned the current quarter isn't looking any better. Shares that were up by over 20 per cent over the past 12 months on hopes declining [...]