More than half of UK spending now online after pandemic, says Lloyds Bank March 15, 2021 More than half of all UK spending has now shifted online thanks to the Covid pandemic and physical payments have shifted one kilometre closer to people’s homes, according to Lloyds Bank. A new study by the bank also found that ATM and branch withdrawals plummeted by 33 per cent over the past year. Debit card [...]
M&S Marks and Spencer (MKS) likely to accelerate store closure plans this week May 20, 2018 Marks & Spencer is expected to accelerate its transformation plans this week, as it reports another decline in profits. The pace of change at the retailer could be “dialled-up”, according to analysts, who are forecasting a 6.6 per cent decline in profit before tax and adjusted items to £573m. The company said in November that [...]
Happy investors: M&S shares jump after lifting full-year profit forecast August 20, 2021 British high street staple Marks & Spencer has lifted its profit guidance to around £350m for the year as its sales have begun to recover, inching towards its pre-pandemic recordings. The upbeat trading update seemingly left investors with a fresh bout of confidence in the retail heavyweight, as M&S shares jumped by 11.14 per [...]
London property: The gothic castle on sale in Belsize Park for £17.5m August 31, 2021 Complete with a swimming pool, champagne lounge and wine tasting room- this historic home is truly fit for a king. Hunter’s Lodge is a Grade-II listed Georgian Mansion located off Belsize Lane in Belsize Park, built in 1812 in a Gothic-revival style. The building has turrets and battlements, making it perfect for anyone with dreams [...]
Sunday Sitdown: ‘There is a demand to return to the office’, says boss of City favourite T.M. Lewin August 21, 2022 British menswear brand T.M. Lewin – for decades a favourite among City workers – is back. Two months after the heritage brand struck a last-minute rescue deal with shirtmaker Limited, the company has managed a re-launch after the pandemic nearly killed off the Square mile favourite. Established over 120 years ago, T.M. Lewin is steeped in [...]
Two Sainsbury’s executives to step down in boardroom shake up October 29, 2019 The new chairman of Sainsbury’s is planning a major boardroom reshuffle as the UK’s third-biggest supermarket tries to move on from the collapse of its planned £15bn merger with Asda. Read more: Sainsbury’s heir to the thrown quits to join media powerhouse WPP Google’s Europe operations chief Matt Brittin and ex-Marks and Spencer executive Jean [...]
The ESG Data Quality Story July 18, 2023 Handle with caution: ESG data is plagued with gaps and holes – and we must treat it as such In times gone by, the main problem with data on companies’ impact on the planet and its people, on their internal culture and governance, was that we didn’t really have any. For the first stint of [...]
Marks & Spencer shares fall as profits decimated amid restructuring efforts May 22, 2019 Profit before tax at retailer Marks & Spencer fell nearly ten per cent in the last financial year, it said today as it announced plans to close 85 stores. The figures M&S said profit before tax for the year to 31 March was £532.2m, down 9.9 per cent from £580.9m the previous year. Revenue fell [...]
Aquascutum and Gieves & Hawkes face being dragged down by Chinese parent’s debt struggles September 8, 2021 Struggles in China are pushing some of the most established British fashion brands into a dicey position, with Gieves & Hawkes facing a winding-up order and Aquascutum pulling out of the UK entirely. Chinese outfit Shandong Ruyi, which owns the two firms, has come under increasing pressure over its staggering $4 billion debt following an [...]
Century a Dream each-way bet in Sussex Stakes July 27, 2021 POETIC FLARE has been a sensational horse this season, landing the 2000 Guineas and St James’s Palace Stakes as well as finishing a close second in the Irish 2000 Guineas. Jim Bolger’s three-year-old loved hearing his hooves rattle at Ascot last time, although it was soft to heavy at the Curragh so we know he can [...]