Amazon tests one-hour fashion delivery from catwalk to doorstep at London Fashion Week with Nicopanda September 17, 2017 Amazon has tested out delivery of the hottest fashion items to people’s doors in just one hour during London Fashion Week. The designer who styled Lady Gaga’s famous meat dress, Nicola Formichetti, has partnered with the tech giant to get his Nicopanda line from the catwalk to the doorstep almost immediately. Read more: The UK’s [...]
The UK’s 12 most shorted stocks revealed: Carillion tops the list, with several household names filling in the ranks July 25, 2017 It's not a list which many corporates would be happy to top, but Canaccord Genuity Wealth Management has today released a ranking of the 12 most shorted stocks in the UK. Construction company Carillion topped the list, with 27.2 per cent of its equity having been shorted. High street names such as Debenhams, Marks and [...]
Ocado share price rises as it delivers steady sales growth but eyes sterling currency movements March 14, 2017 Grocery delivery company Ocado reported increased sales but said it remains vulnerable to changing price pressures and currency movements. Shares rose by more than 1.5 per cent at the open before paring some gains. The figures Gross retail sales grew by 13.1 per cent in the quarter to February, matching last quarter’s growth to reach [...]
Morrisons (MRW) share price fell this morning after it reported strong profit and sales growth – here’s how City analysts have reacted March 9, 2017 Shares in Morrisons dipped by 4.6 per cent at the open, after the supermarket reported annual profit and sales growth for the first time in four years this morning. Turnover was up 1.2 per cent to £16.3bn, while profit before tax rose by 49.8 per cent, to £325m, signalling that chief executive David Potts' turnaround is [...]
Ocado chairman Stuart Rose bags £1.3m share award February 12, 2017 Online grocer Ocado gave its chairman Stuart Rose a £1.3m share award last year as part of a pay deal he agreed when he joined the company in 2013. When he was made Ocado chairman, former Marks and Spencer boss Rose bought £400,000 worth of Ocado stock. The company gave him 452,000 shares on the [...]
Healthy manufacturers boost sterling and the FTSE 100 February 1, 2017 A strong set of data from the UK and the Eurozone have pushed up the value of sterling against the dollar, with the FTSE 100 benefiting as well. The manufacturing purchasing managers’ indices (PMIs) were strong across Europe as the sector continues to expand healthily. Sterling had dipped at the end of Asian trading against [...]
Spending on essentials soars as inflation starts to bite consumers February 1, 2017 Consumer spending on essentials has increased at its highest rate since September 2013 as inflation started to bite in December. Essential spending grew 1.8 per cent in December, rising for the fourth month in a row, according to Lloyds Bank. Grocery spending jumped 2.9 per cent year-on-year, the highest growth rate since July 2013. Read [...]
Ocado to increase prices this year due to devaluation of sterling January 31, 2017 Ocado has become the latest retailer to say it will be increasing prices this year due to the fall in the value of the pound since the Brexit vote. Speaking to City A.M., Duncan Tatton-Brown, Ocado's chief financial officer, said it was likely that the company would increase prices on certain products "as and when the [...]
Ocado’s share price jumps eight per cent at the open on profit surge January 31, 2017 Ocado's share price jumped eight per cent at the open as it reported a spike in profits. The company's full-year profits beat expectations – despite rising labour costs and price deflation throughout last year. The figures In its results for the year ending 27 November, Ocado reported a 13.6 per cent rise in gross retail sales, up from [...]
Ocado set to deliver impressive annual results with £1.27bn sales January 29, 2017 Grocery delivery service Ocado will announce its annual results on Tuesday, and is expected to report a profit for the third year in a row. The group's sales are likely to be up 14.4 per cent year-on-year to £1.27bn according to a report from investment company Goldman Sachs. Despite scepticism from City investors, the firm also [...]