Amazon profits triple as layoffs fuel record sales surge October 27, 2023 Amazon has over tripled its profits and reported its highest level of sales since the pandemic-driven online shopping spree.
Octopus buys Shell UK energy arm making it Britain’s second biggest supplier September 1, 2023 The deal will require regulator approval and Shell customers were advised to “sit tight” for now, with it hoped to be formalised in the final quarter of the year.
JD Sports expects pre-tax profits to top £1bn following Christmas surge January 11, 2023 JD Sports expects to post pre-tax profits of more than £1bn for the year ending on 3 February 2023 after it recorded a Christmas sales surge. The sportswear retailer said a strong performance in the second half of 2022, driven by a surge in sales over Christmas, will see it achieve its financial goals. The [...]
JD Sports set to report sales growth amid investor concerns over outlook March 24, 2024 JD Sports is expected to reveal sales growth as investors will be keeping an eye out for an improved outlook after signs of cooler demand from shoppers.
Mike Ashley’s Frasers Group strengthens grip on AO as it increases stake again February 13, 2024 Mike Ashley's Frasers Group now owns almost a quarter of electricals seller AO after the retail giant further upped its stake.
The quiet success of warehouses reveals a damaging tax loophole February 13, 2024 Warehouses are anything but sexy – few will be gathering in the strip-light corridors for an industrial-themed Valentine’s Day supper tonight. But they are clearly desirable for some. Usually, consolidation happens in an industry for one of two reasons; a downturn forcing former rivals to bunk up together, or rapid growth, where scale will win [...]
British Land overcomes uncertain landscape with leasing spree across London July 11, 2023 British Land provided investors with a cheery update on the outlook for the commercial property sector, as the firm was boosted by leasing activity across London and strength of retail parks. In an update ahead of its AGM later today, the property developer secured 552,000 sq ft of leasing across its portfolio in the first [...]
The Works suffers sharp sales drop over crucial Christmas period January 22, 2021 Arts and crafts retailer The Works suffered a sharp drop in sales in the run-up to Christmas after strict lockdown restrictions were put in place over the crucial trading period. The high street chain said this morning that total sales in the 11 weeks to 10 January declined 24.8 per cent, compared to the same [...]
Wiggle’s future uncertain as parent company seizes funding October 22, 2023 The future of Wiggle could be on the line after its parent company’s decision to terminate a €150m (£130m) lifeline to its sports division last week caused a series of concerns within the umbrella of subsidiaries. Signa Holdings’s decision to terminate the funding to Signa Sports United (SSU), which was announced last Monday, soon led [...]
WH Smith boss’s pay jumps 78 per cent to £2.9m as after travel charges resurgence December 11, 2023 Around four-fifths of the larger pay deal was linked to performance-based bonuses after the company saw sales and profits jump.