John Lewis to close more stores in places ‘where people aren’t going’ after it lost £517m in 2020 March 12, 2021 John Lewis to close more stores in places 'where people aren't going' after it lost £517m in 2020
Rolls-Royce plunges to huge loss as Covid turbulence sets in March 11, 2021 Rolls-Royce swung to a £4bn loss in 2020, as the cost of Covid turbulence became clear. The aerospace giant plunged to a loss of £4bn compared to a £306m profit in 2019 as the pandemic stopped airlines flying. The firm’s underlying revenue also sunk to £11.7bn from £15.5bn the previous year. Rolls-Royce’s model of charging [...]
Australia opens travel bubble with New Zealand April 19, 2021 Thousands of passengers have descended on Australian airports today as the country reopened quarantine-free travel with New Zealand for the first time in more than a year. The new travel bubble means travellers no longer need to self-isolate for two weeks when moving between the countries. While most Australian states had allowed quarantine-free visits from [...]
The week ahead, 11-15 January: FTSE housebuilders, Asos, Tesco and UK GDP January 10, 2021 London’s markets started the new year in a frenzy last week, picking up over five per cent and closing the gap on their counterparts around the world. This week is set to be a busy one for the FTSE, with a raft of companies due to provide updates, as well as key economic data in [...]
Tesco profits tumble despite surge in pandemic sales April 14, 2021 Tesco’s pre-tax profit fell by 20 per cent to £825m in 2020 despite a pandemic-driven jump in group sales. The UK’s biggest grocer said it incurred £892m of Covid-related costs during the year and repaid £535m of business rates relief. The retailer reported a 6.3 per cent rise in group like-for-like sales, including a 7.7 [...]
Supermarket heavyweights the Co-op and Waitrose face mounting pressure to return business rates relief December 4, 2020 High street titans the Co-op Group and Waitrose are facing mounting pressure to follow their peers and hand back millions of pounds of business rates relief dished out to keep the companies afloat during the pandemic. The Co-op is facing growing disquiet from members after refusing to emulate rivals Tesco, Morrisons, Asda, Sainsbury’s and Aldi, [...]
United Oil and Gas hails ‘landmark year’ despite Covid crisis April 26, 2021 United Oil and Gas this morning hailed a “landmark year” for the AIM-listed firm despite the carnage caused by the coronavirus pandemic. The company, one of the few smaller oil and gas firms to operate both exploratory and production assets, posted its first ever profit in 2020. United also said that it had seen its [...]
Morrisons keeps income investors happy March 18, 2019 By Graeme Evans from interactive investor. After flagging another special dividend with annual results, there are opportunities for this grocer. In an eventful and turbulent period for the grocery sector, Morrisons (LSE:MRW) continues to hold its own after unveiling further robust profits growth and another special divi for investors. Today’s full-year results, despite drifting back [...]
The Mandalorian season 2 episode 6: S2E6 sees a legend return December 5, 2020 *** SPOILERS AHEAD: If you haven’t watched the most recent episodes of The Mandalorian Season 2, look away now*** After a few episodic adventures, the larger picture of this season of The Mandalorian seems to be coming together. Last episode we got a huge chunk of information about The Child – or Grogu, as he [...]
Coronavirus: Supermarkets ramp up online services amid second wave fears September 28, 2020 Supermarkets are ramping up their online delivery services amid fears over a second wave of coronavirus, after demand outpaced capacity during the UK-wide lockdown this summer. Demand for home deliveries has recently spiked again over concerns that the government will impose stricter lockdown rules as coronavirus cases have surged. It was reported today that London [...]