UK PMIs: Reopening boom brings surge of activity for British businesses April 23, 2021 A flurry of new orders swept through British businesses in April as the country eased Covid restrictions, according to a survey released today which pointed towards a rapid economic rebound. The preliminary ‘‘flash’’ reading of the UK Composite Purchasing Managers’ Index (PMI) rose to 60.0 in April from 56.4 in March. This signalled its highest [...]
Topps Tiles acquires CTD brand and assets out of administration for £9m August 19, 2024 FTSE-listed Topps Tiles has acquired CTD Tiles out of administration for £9m as it looks to enter the housebuilding segment. The purchase included CTD Tiles’ brands, 30 stores, selected stock and customer data, Topps said. CTD, which supplied tiles to the retail, trade and commercial markets, entered administration on 19 August after a wider downturn [...]
Currys sticks to full-year guidance despite falling sales September 7, 2023 Currys has said it is sticking to its annual profit guidance despite recording a 4% fall in group sales in the 17 weeks to August. The British electrical goods seller reported a 2% dip in like-for-like sales in its UK and Ireland (UK&I) division as consumers put off buying expensive goods amid the cost of [...]
Next: High street champion trades ahead of expectations again March 21, 2024 Next has traded ahead of expectations again, reporting record pre-tax profit of £918m during the full year.
Boots owner Walgreens rises earnings forecast as US vaccine rollout boosts revenue July 1, 2021 Walgreens Boots Alliance, the owner of pharmacy chain Boots, has raised its 2021 earnings growth forecast after higher pharmacy sales and Covid-19 vaccine rollouts in the United States helped it beat third-quarter revenue expectations. Walgreens had been relying on gains from administering Covid-19 vaccines to tide over losses from low prescription volumes and a weak flu season [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City A.M. reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
This year’s Black Friday ‘busiest shopping day on record’: Nationwide November 25, 2023 This year’s Black Friday was the “busiest shopping day on record”, according to Nationwide Building Society, as shoppers shook off cost-of-living woes to make the most of festive deals.
Red Sea disruption hits sales at Poundland owner Pepco July 11, 2024 Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.
Metro Bank revives multibillion-pound mortgage sale after rescue July 8, 2024 Metro Bank has revived a plan to sell a multibillion-pound chunk of its mortgage book after being rescued from potential collapse last year.
Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]