Who are the frontrunners in the race to save Wilko? August 30, 2023 Why did Wilko go bust? A cocktail of dwindling demand for physical stores and competition in the discount market appeared to tip Wilko into administration. Even when a squeeze on public finances forced shoppers back to the high street in search of cheaper goods, they seemed to favour rivals B&M and Poundland when nabbing a [...]
B&M gets lockdown sales boost as customers turn to DIY May 29, 2020 Discount chain B&M today reported a sharp rise in sales as customers stockpiled groceries and DIY equipment during the coronavirus lockdown. In the first eight weeks of the new financial year the retailer posted a 22.7 per cent rise in life-for-like revenue, as surging demand for gardening and DIY products offset a decline in customer [...]
B&M maintains strong growth as sales pass £1bn during lockdown July 1, 2020 B&M European Value Retail hailed a “strong” first quarter as sales passed £1bn amid the coronavirus lockdown. The figures In the period between 29 March and 27 June, B&M reported 27.7 per cent growth in group revenue from £904.6m to £1.15bn. B&M UK revenue for the period jumped 33.7 per cent to £987.8m, with like-for-like [...]
B2B buy-now pay-later firm Playter eyes international push after $55m funding injection June 22, 2022 London-based buy-now pay-later firm Playter said it is eyeing up new international markets with its B2B product today after announcing a $55m funding injection.
FTSE 100 dragged down by Persimmon tumbling after property market warning November 8, 2022 London’s FTSE 100 today was pulled down by house builder Persimmon tumbling after it warned rising rates will hit its bottom line. The capital’s premier index edged 0.08 per cent higher to 7,306.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0,75 per [...]
Small businesses lambast government’s price cut plan for being a “slap in the face” June 29, 2022 Asking small businesses to cut product prices as a way for the government to help Brits with the cost-of-living crisis was deemed as a “slap in the face” by trade bodies. The Federation of Small Businesses (FSB) argued that forcing small firms to “soak up additional costs just isn’t realistic,” as business owners are no [...]
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
Mounting downturn jitters send London’s FTSE 100 lower June 30, 2022 Mounting concerns about a global economic downturn sent London’s top indexes tumbling today. The capital’s premier FTSE 100 index shed 1.96 per cent to close at 7,169.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.95 per cent to 18,666.78 points. A combination [...]
FTSE 100 close: London subdued on quiet earnings day as YouGov mulls US listing August 14, 2023 London’s FTSE 100 started the week in subdued fashion, as a quiet earnings day was overshadowed by reports that YouGov is mulling a US listing. The capital’s premier blue chip index closed the day on 7,495.24 points, down 0.88 per cent, while the FTSE 250 index, which is more aligned with the domestic economy, was [...]
Revenue climbs for Euromoney as events make comeback and remote working drives savings May 19, 2022 B2B information-services provider Euromoney Institutional Investor posted a revenue of £184.6m, up 14 per cent from the previous year.