Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
A new UK ISA will give British savers a share in our country’s future prosperity April 9, 2024 As we mark the 25th anniversary of the ISA, the government is planning to expand the tax free savings offer to give more people a stake in out country’s success, says Bim Afolami It’s a little-known fact that the majority of ISA holders earn less than £30,000 per year. Not just a tool for the [...]
Superdry avoids insolvency after shareholders approve £10m lifeline June 14, 2024 Superdry has avoided insolvency after shareholders voted to approve a £10m lifeline today.
Before the Bell: Europe set for lower open on delayed recovery concerns January 18, 2021 After the early week exuberance of the first week of 2021, investor appetite for risk has taken a little bit of a knock the last week, largely down to concerns that the recovery story being priced in may well be a little premature, Michael Hewson, chief market analyst at CMC Markets UK, tells City A.M. [...]
Vianet slashes debt as demand for customer data continues to rise June 11, 2024 Drinks and vending data specialist Vianet is continuing to claw its way out of debt following substantial disruption to its market during the Covid-19 pandemic and into the cost of living crisis.
Shein set to miss out on FTSE 100 spot as industry body flags concerns June 9, 2024 Fast-fashion giant Shein is set to miss out on a place in the FTSE 100, according to reports, as the incoming mega listing continues to spark debate in the City.
Quiz: Shares slump as clothing stays on the rack amid business review January 23, 2024 Shares in ailing fashion brand Quiz fell by nearly four per cent this morning as a depressed Christmas trading report failed to impress investors.
Analysis: Wilko collapse is the Woolworths of this financial crisis August 10, 2023 The collapse of Woolworths was described as “the first domino of physical retail Armageddon.” Although it might not justify that epithet, the collapse of Wilko shows which way the wind is now blowing.
Wall Street indexes follow FTSE 100 rise to end week on a high February 19, 2021 Wall Street follows FTSE 100 rise to end week on a high