Burberry: Analysts say ‘a lot to be desired’ after profit slip May 15, 2024 British fashion house Burberry reported a decline in operating profit for the full year as the brand continues to feel the pinch from consumers reducing spending on luxury items.
UK takes top-spot in European property investment market December 7, 2020 A recent global survey by international law firm DLA Piper, showed that the UK is considered prime real estate by investors, following Brexit. The survey of 500 investors, developers, and asset managers from across Europe, China and the US, ranked the UK highest for future residential property investment. The study showed that overall, the European [...]
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 [...]
Marshalls: Can struggling landscaping giant exceed ‘fairly low’ expectations? August 13, 2023 Investors will turn their focus to building products supplier Marshalls interim results on 16 August to see if the business has picked up any momentum amid a growing slump in the UK house building market. The group, which is headquartered in West Yorkshire, has shown signs of struggling in recent months and announced in July [...]
The Notebook: Short selling has little sympathy outside City bubble February 13, 2024 Why short selling spooks 'the normals', an end to the celebrity sports industrial complex and a fine London read
Explainer: Is there an electric car price war? April 18, 2023 Execs at Renault are considering price cuts after the falling cost of a Tesla.
Balli Steel execs found guilty of £120m fraud at collapsed trading firm February 2, 2023 Two Balli Steel executives have been convicted of using forged documents to mislead banks into lending the bankrupt commodities trader $150m (£122m). A jury at Southwark Crown Court today found Balli Steel executives Melis Erda and Louise Worsell guilty on six counts of fraud. Worsell, the managing director of Balli’s UAE business, and Erda, group [...]
Virgin Atlantic Holidays makes first profit since 2018 as luxury travel to Florida and the Caribbean recovers April 19, 2024 Virgin Atlantic Holidays returned to making a profit for the first time since 2018.
Furniture Village hit by ‘fragile economic backdrop’ as sales falter April 15, 2024 A fall in customers visiting both its stores and website hit sales at Furniture Village during its latest financial year.
Unite Group takes valuation hit from Spring Budget measures April 9, 2024 Unite Group took a hit to its valuations at the start of the year due to measures announced in the Spring Budget.