IPOs – no sure thing? November 26, 2019 IPOs always attract plenty of attention, particularly when they are of highly-recognised companies. But are they a wise destination for investor cash? IPOs offer plenty of glamour, a change from the usual stocks in an index, and there have been plenty of new entrants to the UK stock market over the past ten years. Some [...]
Publishers look to new revenue sources amid squeeze on digital advertising November 20, 2019 Online publishers are shifting their focus to new sources of revenue as income from digital advertising continues to decline. Digital publishing revenue slipped 3.7 per cent to £113.1m in the second quarter, according to figures released by the Association for Online Publishing (AOP) and Deloitte. Read more: Digital ad group Ozone signs up Stylist as [...]
Lidl sales soar as big four supermarkets struggle November 12, 2019 Budget supermarket Lidl enjoyed soaring sales this autumn, as the big four grocers struggled to keep up with the German discount stores in the lead up to the crucial Christmas trading period. Lidl was the fastest growing bricks and mortar supermarket in the 12 weeks to 3 November with a sales increase of 8.8 per [...]
DEBATE: Will the M&S venture with Ocado turn around its fortunes? November 7, 2019 Will Marks & Spencer’s joint venture with Ocado turn around the struggling retailer’s fortunes? YES, says Adam Vettese, investment analyst at multi-asset investment platform eToro When you think of Marks & Spencer, you think of food. And not just any food, but top-quality food. In fact, food is so important to M&S that it now [...]
Marks & Spencer profit knocked lower by poor clothing sales November 6, 2019 Weak clothing and home sales knocked profit 17 per cent lower at Marks & Spencer in its latest half-year, it revealed today. But the high street chain’s share price led the FTSE risers, climbing up 5.3 per cent to 192.05p, as investors felt it could have been a lot worse as boss Steve Rowe said [...]
Asos profit falls by two-thirds as expansion costs push up debt October 16, 2019 Profit at Asos fell by 68 per cent in the year to August as the UK fashion giant took a hit from a major overhaul of its business model and costly international expansion. The online retailer blamed the drop on a costly operational expansion into Europe and the US which was fraught with problems including [...]
Dunelm shares slump despite revenue growth October 10, 2019 Shares in Dunelm dropped more than eight per cent this morning despite reporting growth in the first quarter, following a string of positive trading updates this year. Total like for like revenue grew 6.4 per cent to £255.6m, with a 34.7 per cent increase in online sales. In-store revenue was up 2.9 per cent to [...]
Magazine publisher TI Media narrows loss as digital shift helps cut costs October 6, 2019 The publishing group behind Country Life and Horse & Hound has slashed its loss for the full year, as cost-cutting moves helped offset a decline in revenue. TI Media posted a pre-tax loss of £3.2m in the year to 31 December 2018, compared to £13.7m in the previous 12 months. Read more: Marie Claire ends [...]
Notion Capital opens £125m fourth fund October 3, 2019 London-headquartered venture capital investor Notion Capital today announced its fourth and largest fund to date, which will target a final closing value of £125m. Notion, which focuses on European business-targeted software-as-a-service startups, has previously backed the likes of fintech starlet Gocardless, Paddle and self-driving tech firm FiveAI. Notion IV will be aimed at startups around [...]
Asos to appoint Ocado boss to board as it plots leadership shake-up October 1, 2019 Asos is set to announce a raft of new boardroom appointments as it looks to rebuild investor confidence after a series of profit warnings. The online retailer will tomorrow announce several new non-executive directors, including Luke Jensen, the chief executive of Ocado’s tech solutions arm, Sky News reported. Read more: Asos profit warning: Three factors [...]