Rail regulator warns online ticket sellers ‘drip pricing’ December 11, 2023 Online train ticket sellers have been accused of using so-called 'drip pricing' tactics to glean more money from consumers.
Trainline share price soars after government scraps rival ticket app December 15, 2023 The Trailine’s share price continued to soar on Friday morning after yesterday’s announcement by the government that it would scrap a rival ticket app. The rail ticket company’s stock rallied this morning, rising by 19 per cent after the open, increasing 17 per cent after an hour of trading, to 331p. This comes after the [...]
Apple’s two UK divisions pay just £9m in UK corporation tax as sales top £1.1bn July 12, 2021 Apple paid just £9m in tax in the UK last year even as the tech giant weathered the pandemic to pull in sales of more than £1.1bn. In recently filed accounts the iPhone maker’s two UK subsidiaries — Apple Retail UK and Apple UK — posted revenue of £1.1bn and £372m respectively in 2020. Pre-tax [...]
LVMH-backed L Catterton, the new owner of Bicester Village is one of the world’s biggest retail investors July 22, 2024 Silver Bidco, a newly-formed Jersey-based vehicle of L Catterton, has bought Hammerson's stake in Value Retail, the owner of Bicester Village.
Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low April 9, 2024 Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.
H&M shares jump 17 per cent despite dip in profits June 29, 2023 H&M investors today welcomed news of strong summer sales, with shares in the brand soaring despite the retailer posting a dip in profits. Operating profit at the global fashion brand for the second quarter came in at SEK 4.74bn (£3.46bn), down year on year from SEK 4.98bn (£3.64bn) but above forecasts of SEK 4.07bn, with [...]
Dunelm revenues reach £1.63bn as price cuts lure customers in July 20, 2023 Dunelm reported a revenue rise of six per cent over the past year, with the homeware retailer predicting profits to be “slightly ahead” of current market expectations. The Leicester born business said revenues reached £1.63bn in the 52 weeks to July up from £1.55bn in the same period last year. Sales growth declined -8.3 per [...]
Frasers Group snaps up SportScheck in athletic shopping spree October 17, 2023 Frasers Group, said that the sale was backed by sport powerhouses Nike and Adidas who are assisting the business in its expansion strategy.
Jeff Bezos sells roughly £1.6bn of Amazon shares February 11, 2024 Amazon founder Jeff Bezos has sold around 12m shares of the online retail and cloud services firm for roughly $2bn (£1.6bn).
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.