FTSE 100 and Wall Street chase record highs as vaccine hopes boost markets December 1, 2020 The FTSE 100 logged its best session in three weeks today while Wall Street hit record highs as markets continue to ride a wave of vaccine optimism. The blue-chip bourse closed up 1.9 per cent, while the FTSE 250 midcap index rose by 2.6 per cent. It comes after the FTSE recording its biggest gain [...]
City Moves for 5 March 2019 – Who’s switching jobs at Co-op, Deloitte and Hunters? March 5, 2019 Today's City Moves cover the Co-op Group, Deloitte and Hunters. Take a look at these movers and shakers. Co-op Group Central England Co-op has welcomed its new chief executive Debbie Robinson on her first day with the society. Debbie was appointed in November last year and will oversee one of the largest independent retail co-operative [...]
Coronavirus: M&S gives staff 15 per cent bonus April 1, 2020 Marks and Spencer will give frontline staff across its stores and supply chain a 15 per cent bonus for their work during the coronavirus pandemic. The company also said employees that “have caring commitments or who are feeling more vulnerable” are able to be furloughed voluntarily on full pay. The retailer announced this morning that [...]
Sterling climbs as markets welcome parliament’s vote on possible Brexit delay February 27, 2019 Sterling soared against the euro and dollar today as markets welcomed the possibility that Brexit could be delayed. The pound rose 0.5 per cent to an eight-month high against the dollar of $1.331. Read more: Tory MP leaves government after Brexit amendment to protect EU citizens It did even better against the euro, bubbling up [...]
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 [...]
FTSE 100 hits monthly high after retail boost and fresh hopes of US-China trade deal January 8, 2019 The FTSE 100 has risen to monthly highs as investors return to retailers and US-China trade deal talks resume. The blue chip index has climbed one per cent today after US stocks bounced last night on fresh hopes of a resolution to the trade dispute between the world’s two largest economies. US Commerce Secretary Wilbur [...]
Selfridges defies high street turmoil with sparkling Christmas sales January 7, 2019 While other retailers look set to report miserable Christmas trading periods, Selfridges has posted record-breaking results over the festive period. The luxury department store best known for its flagship Oxford Street store bucked the trend of decline on Britain’s high streets with an eight per cent sales boost across its physical and online business in [...]
Ocado’s revenue nears £1.6bn but losses widen February 5, 2019 Online food retailer Ocado announced 13 per cent revenue growth to nearly £1.6bn today, but losses after tax increased more than fourfold to nearly £45m. The company has seen its share price more than double over the last year, with news late last month that it was in talks for a partnership with Marks & [...]
Airlines, a bakery and a football club claim BoE coronavirus cash June 4, 2020 Famous UK and foreign firms from across the economy have turned to the Bank of England for coronavirus loans, official figures have shown, with companies from John Lewis to football club Tottenham Hotspur selling the bank their bonds. German chemicals company BASF is currently the biggest borrower on the Bank’s covid corporate financing facility (CCFF), [...]
‘A farce!’ Tories react to Theresa May’s plan to back a change to her Brexit plan January 28, 2019 Theresa May is set for a showdown with the hard Brexit wing of her party on Tuesday as the war over her withdrawal plan intensifies. The Prime Minister will order her MPs to support a plan calling for the unpopular Irish backstop to be replaced with “alternative arrangements” to avoid a hard border on the island. [...]