Online sales soar as Dixons Carphone covers wounds of festive store closures January 20, 2021 British retailer Dixons Carphone has seen sales rocket during Christmas as online growth of 121 per cent balanced out store closures. Like-for-like electrical sales increased 11 per cent over the festive period as shares rose by 2.8 per cent, the group announced on Wednesday. Dixons Carphone, who trade as Currys PC World and Carphone Warehouse [...]
Experian reports ‘better-than-expected’ quarter as revenue grows January 19, 2021 Credit scoring giant Experian (EXPN) reported a better-than-expected third quarter after a strong performance by its North America division. Total revenue at constant exchange rates grew 10 per cent in the three months to the end of December. Experian’s North America and Latin America divisions grew 11 and 16 per cent respectively, but the UK [...]
Morrisons posts sales growth but warns of higher Covid-19 costs January 5, 2021 Morrisons has reported a rise in sales during the second half of the year, but warned that tougher new Covid-19 lockdown measures would increase its costs. The supermarket chain posted an 8.1 per cent rise in like-for-like sales excluding fuel in the 22 weeks to the 3 January. Including fuel, like-for-like sales rose 1.9 per [...]
Tesco boss accuses business rates system of ‘killing’ retailers March 28, 2019 The chief executive of Tesco, Dave Lewis, has harshly criticised the UK’s business rates system, saying it has become “a rising tax on investment” in a speech today. Lewis said that increasing business rates have come as retailers are squeezed by online competitors, and called for an online sales levy. He brushed off criticism that this [...]
UK supermarkets bring in security to enforce mask wearing as Covid cases rise January 12, 2021 Supermarkets are ramping up Covid safety measures, with many of the major UK grocers planning to make masks mandatory and to only allow one person per household in store. Tesco, Waitrose and Asda have joined Sainsbury’s and Morrisons in announcing that customers without masks will be turned away, unless they are exempt for medical reasons. [...]
The City View: City A.M. co-founder Lawson Muncaster on returning the newspaper to print August 17, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by Lawson Muncaster, co-founder and managing director of City A.M., to discuss the challenges posed by the last five months and the decision to return to print for Monday 7 September. Lawson discusses how the company adapted to survive; what life could look [...]
UK supermarket sales soar to record-breaking £11.7bn in December January 5, 2021 UK supermarkets recorded their busiest ever month in December as grocery sales soared to £11.7bn amid bar and restaurant closures during the festive period. Morrisons was the strongest performer of the Big Four UK supermarkets, with sales jumping 13.1 per cent, followed by Tesco, which toasted a 11.1 per cent rise in sales. Sainsbury’s recorded [...]
Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
Consumer survey sees Netflix on top of Covid-19 satisfaction rankings – with Ryanair grounded October 7, 2020 A consumer ranking of how businesses performed for their customers during the Covid-19 pandemic has seen Netflix and Amazon take first and second spot. At the other end of the scale, power companies were seen to be thoroughly underperforming – with more of the bottom five responsible for gas and electricity. Read more: The businesses [...]
Exclusive: Lawyers who took on Lloyds and Tesco launch new funder-backed firm April 29, 2019 A group of lawyers who are taking on Lloyds Banking Group and Tesco in multi-million pound group actions have launched a new firm backed by a heavyweight litigation funder. The new firm – Harcus Parker – is a breakaway from London firm Harcus Sinclair led by its head of litigation Damon Parker. The firm has [...]