The cost of living crisis has an unlikely winner: the book industry May 31, 2023 Publishing group Bloomsbury raked in record sales last year as Brits buried their heads in books and "cut back on more expensive forms of diversion" through the cost of living squeeze, the firm revealed today.
Bloomsbury: Publisher of Harry Potter and Sarah J. Maas series eyes bumper revenue July 16, 2024 Bloomsbury is on track to grow its revenue to almost £320m as JK Rowling's Harry Potter series and Cixin Liu's The Three Body Problem, which inspired a Netflix series of the same name, boost the publisher's sales.
Moving markets: Five things shaping the FTSE 100 today March 8, 2024 Asia follows Wall Street's upward trend, with gold eyeing its best week in five months and oil prices climbing. Investors eagerly await the U.S. non-farm payrolls report, which is set to influence market sentiment and decisions ahead.
Central banks face tough journey to ‘Goldilocks’ policy setting June 19, 2022 Goldilocks found the perfect bowl of porridge through trial and error. The US Federal Reserve, Bank of England and the rest of the central banking elite are following a similar rationale right now. They are grasping for that “just-right” policy setting which allows an economy to reach its full potential without knowing what that setting [...]
Central banks keep markets guessing on path of interest rates July 2, 2024 Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday.
Amazon hit with ‘biggest ever’ UK class action in £1bn legal case June 6, 2024 The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
Dr Martens: Profit dives as boot maker continues to feel the pain from lagging US market May 30, 2024 Iconic British boot maker has reported another set of poor results.
Profits Superdry up and share price plunges as retailer plans to cut costs by £35m and fundraise out of a hole April 14, 2023 Fashion chain Superdry has warned over its profits and revealed plans to cut costs by more than £35 million after struggling against dampened consumer spending. The retailer said it was considering a fundraise in a bid to shore up cash to help it “emerge from the current turbulence”. Its share price plunged by around 18% [...]
Fred Perry issues bumper pay day as sales pass milestone August 22, 2024 British sporting and fashion brand Fred Perry has paid out a bumper dividend after its sales jumped past the £150m mark during its latest financial year. Founded by Wimbledon champion Fred Perry in 1952, the company has issued £90m in dividends for 2023 after its turnover totalled £154.1m for the year. The figure comes after [...]
The Notebook: Emma-Lou Montgomery on retail’s not so cheery Christmas December 4, 2023 Where the City's movers and shakers get a few things off their chests. Today, Emma-Lou Montgomery, financial commentator at Fidelity, takes the pen.