Fast fashion: Boohoo profit piles up as online retailer forges ahead of competitors April 24, 2019 Boohoo’s shares rose this morning as it announced it has bucked the trend in the struggling clothing retail sector with a 49 per cent rise in profit. Read more: Boohoo shares fall despite explosive sales growth The so-called fast fashion retailer, which targets 16-30 year olds with its Boohoo, Nasty Gal and Pretty Little Thing [...]
N Brown sales slide in wake of ‘challenging’ Christmas January 17, 2019 Shares in plus-sized fashion group N Brown slumped more than eight per cent this afternoon after the e-commerce giant became the latest retailer to report a fall in sales over the Christmas period. Growth in online trading was offset by a slump in its traditional catalogue-focused arm, with revenue in N Brown’s mail-order catalogue brands, [...]
Revealed: Peel Hunt’s top growth stocks for 2018, from Asos to Just Eat January 4, 2018 Brushing aside the warnings of a stock market bubble ready to burst, which have been flying around in recent weeks, broker Peel Hunt today released its list of top growth stocks for 2018. Based on earnings per share and sales, over the last two years and the next two years’ predictions, Peel Hunt’s selection ranges [...]
Menswear styling tech startup Thread raises $22m October 16, 2018 Fast fashion startup Thread will today announce the close of its series B funding round at $22m (£16.7m), which includes backing from Balderton Capital, Beringea and H&M’s investment arm H&M Co:Lab. The round will also be complemented by a crowdfunding raise on Crowdcube later this year, providing everyday investors access to shares in Thread on [...]
The founder of Yulife on avoiding the grey-suit mentality of the insurance industry August 19, 2019 Dressed in a tie-dye T-shirt and jeans, Sammy Rubin looks more like a climate change activist than the chief executive of an insurance company. But then, there’s a lesson on why you shouldn’t judge people on how they look. Indeed, there are many things we can learn from Rubin – his hippyish dress-sense feeds right [...]
HMRC claims its online tax evasion crackdown has clawed back £200m January 11, 2019 The government claims to have recovered more than £200m of lost VAT from overseas sellers since gaining new powers, saying its crackdown on online tax evasion is paying off. HMRC has issued over 4,600 ‘red flag’ notices to online marketplaces such as Amazon and Ebay since 2016. The flags, called Joint and Several Liability (JSL) [...]
H&M shares tumble as sector uncertainty outweighs sales growth December 17, 2018 H&M today reported a rise in sales in the three months to the end of November, but saw its shares tumble amid doubts about the company’s recovery. The Swedish fashion brand said sales rose 12 per cent year-on-year to 56.4bn Swedish krona (£4.9bn). But the positive trading update did little to prevent a fall in [...]
Horse Racing Betting Tips: Rather Be with Cepage at the prices in Caspian Caviar December 13, 2018 LAST month’s BetVictor Gold Cup was a dramatic race to say the least. Gary Moore’s Baron Alco was out in front avoiding all the carnage in behind and he now tries to follow up in tomorrow’s Caspian Caviar Gold Cup (1.55pm). This is not an easy double to pull off, with Exotic Dancer the last [...]
Quiz share price plummets as retailer issues second profit warning on poor Christmas sales January 11, 2019 Fashion retailer Quiz saw shares plunge this morning as it issued its second profit warning in just three months today, after Christmas sales fell below expectations. Profits are now expected to hit £8.4m for 2018, down from October’s estimate of £11.5m, with shares nosediving by 24 per cent in early morning trading to leave Quiz’s [...]
Former Vitality boss picks up £3m from Zoopla backer Localglobe November 8, 2018 Transferwise, Citymapper and Zoopla backer Localglobe will today reveal its latest investment into Yulife, a lifestyle insurance and rewards startup founded by Sammy Rubin, the former chief executive of insurance giant Vitality Life. Fintech investor Anthemis and Ourcrowd also joined the round, with AIG coming on board to underwrite all policies. Launching today in the UK, [...]