Buzz Bingo hails ‘reset’ as chain posts best results since Covid-19 pandemic July 1, 2024 The company behind Buzz Bingo cut its pre-tax loss as its sales passed the £200m mark during its latest financial year, according to new figures.
Vanguard chief economist: UK economy primed for success regardless of election winner June 24, 2024 The UK is primed to surge to success into next year regardless of who wins the election, Vanguard's top economist has said.
Ferrari boosted by ultra-luxury consumers – but update falls flat with investors August 2, 2023 Ferrari upped its forecasts for the year ahead on Wednesday, as the luxury carmaker benefitted from cash-rich consumers’ ambivalence to challenging economic conditions. The luxury carmaker reported revenues of 1.47bn (£1.26bn), up 14.1 per cent year-on-year and an adjusted Ebitda of €589m (£507.2m), up 31.9 per cent. For the year ahead, it is anticipating modest [...]
Ocado shoppers sent to cut back on spending at online grocer September 13, 2022 Ocado has warned its grocery shoppers will cut back on spending as they turn to cheaper supermarkets and add less to their baskets. In a trading update, the London-listed firm noted “accelerating trading down and smaller baskets, particularly over the last few weeks” and said it now expected to see “a small sales decline” in [...]
Week Ahead: Aldi and Lidl tightening the screw on Sainsbury’s as retailers fight to retain price-wary customers April 23, 2023 The supermarket giant is set to report a fall in annual pre-tax profits this week, posting up to £690 million, down from £730 million last year. According to the latest Kantar survey, Sainsbury’s reported a strong 12-week sales growth of 12 per cent at the end of March, but fell short of rivals Aldi and [...]
Sadiq Khan criticised for £512m spending boost ahead of election January 18, 2024 Sadiq Khan has been criticised for a pledging £512m spending boost in his draft City Hall budget for next year ahead of the mayoral elections.
Supermarket wars: Tesco rakes in £8.92bn of sales as clubcard points entice cash-strapped shoppers May 23, 2023 Tesco remains Britain’s favourite supermarket with clubcard points helping cash-strapped shoppers in the cost of living crisis – but Waitrose was given a sales boost thanks to luxury purchasing during the King’s Coronation. Figures released by Kantar show that in the 12 weeks to 15 May, ‘Big Four’ grocer Tesco raked in £8.92bn in sales [...]
JD Wetherspoon: Tim Martin on a ‘gradual recovery’ and Reeves’ plans for pubs July 10, 2024 Labour costs have increased by £164m in this financial year compared to 2019, while energy, repairs and interest costs have risen by £28m, £38m and £16m respectively.
‘False alarm’: The post-pandemic global travel boom is showing no signs of slowing September 25, 2024 Global travel has peaked nearly five years after the pandemic decimated the industry. How long will the boom last?
TfL budget to cover costs but Londoners still set for fares hikes March 23, 2023 Transport for London (TfL) has said its latest budget will allow it to cover its operating costs, as fare rises continue to hit Londoners’ pockets with a four per cent rise set for next year. London’s transport network will achieve an overall operating surplus of £79m, its 2023/24 financial statement revealed, which it wants to [...]