Strong dollar cuts h&m sales and profit short June 25, 2015 SWEDISH retail giant H&M posted weaker than expected sales and profit for the second quarter of the year yesterday after the strong US dollar resulted in higher sourcing costs. Sales rose by 21 per cent to 46bn Swedish krona (£3.5bn) while profits stood at 8.4bn krona, up 10 per cent.
UK advertisers have most faith in Paloma, who is enjoying the good life June 10, 2016 Paloma Faith sold out more than just concert venues last year. New research has today named her as the most popular popstar among advertisers. Faith was the artist of choice for four major brands – Calvin Klein, Dixons, Simply Be and Eastern Western – in 2015, according to research by Adbreakanthems and BPI. Read more: [...]
Seed capital comes to London start up that helps street food traders set up shop January 8, 2017 A LONDON-based tech startup that aims to modernise the street trading sector has secured £350K seed capital investment from private Singapore fund B.O.H LLC. StreetDots works with major landlords to open street trading pitches or 'dots' that can be booked by street food traders and other retailers via a one stop app. The technology handles [...]
H&M beats forecasts as currency movements work in its favour June 15, 2015 Swedish fashion retailer H&M posted a bigger-than expected jump in sales in May, helped by weakness of the Swedish crown against other international currencies. H&M has benefitted from a recovering US economy, a stronger online presence and a broader product offering, which includes new brands such as & Other Stories and sales of homeware. Sales [...]
Bunzl ploughs on with its international acquisitive expansion November 22, 2016 Outsourcing giant Bunzl showed no signs of stopping its spending spree as it announced two further acquisitions today. French first aid product making firms Prorisk and GM Equipement and Saebe Compagniet, a Danish distributor of cleaning and hygiene related products, will be absorbed into FTSE 100 group. Although transaction values were not revealed, the firms generate in the region of [...]
Trevor Steven: England v Belgium is a free hit so Gareth Southgate should ring the changes for final World Cup group game June 26, 2018 Belgium manager Roberto Martinez has made clear that he intends to make several changes to his team to face England at the World Cup on Thursday – and I’d like to see Gareth Southgate do the same. Yes, we want to win the final Group G match and beat Belgium to top spot but that [...]
Volkswagen agrees to compensate more owners of emissions-cheating diesel vehicles in the US December 20, 2016 German automaker Volkswagen has taken another step to make good on its emissions-cheating scandal. Today, the company agreed on a mix of buybacks and fixes for around 80,000 3.0-litre diesel VW, Porsche and Audi vehicles, a US federal judge said in a San Francisco hearing. The German software developer for the VW diesels, Robert Bosch GmbH, also agreed in [...]
Palmer & Harvey collapses into administration despite rescue talks with Carlyle Group November 28, 2017 Palmer & Harvey (P&H), the UK’s biggest cigarette supplier, has collapsed into administration despite weeks of crunch takeover talks with private equity firm Carlyle Group, according to reports. PwC was appointed today to handle the administration. Matthew Callaghan, joint administrator and PwC partner, said: “The Palmer & Harvey name has been a trusted partner for [...]
Don’t cut corners: Now is the time to be loud and proud about being a square, with a new wave of boxy, gender-fluid watches May 3, 2018 Given its position as one of the grande dames (or hommes depending on how you gender your brands) of the luxury watch world, you don’t necessarily equate Cartier with being on trend. Desirable, yes. Classic, of course. But a trend leader, not so much. However, its revamp of its Santos collection unveiled at SIHH was [...]
Trek Super Commuter+ 8 review: An outstanding new electric bike that will turn heads and ruin pigeons April 5, 2017 There’s a word, “snarge”, which means the gunky pink residue deposited inside and around a jet engine in the aftermath of a bird strike. Aeroplanes are so massive and fast, and birds are so tiny and slow, that the most basic rule of physics transmutes the animal into a kind of blood mist. This transformation [...]