Topps Tiles profits fall as Britain’s biggest tile retailer issues Brexit warning November 27, 2018 Britain's largest tile retailer Topps Tiles reported a fall in profits and said it will stockpile supplies ahead of March next year after issuing a Brexit warning. The figures Topps Tiles said its adjusted profit before tax dropped 14 per cent to £16m for the year ending 30 September from £18.6m the previous year due [...]
Star baker: Greggs shares soar as sales grow ahead of expectations November 27, 2018 Shares in Greggs soared more than 15 per cent this morning on the news that total sales had grown nine per cent since the beginning of October. The high street bakery chain expects full-year profit before tax to be at least £86m, it announced today in a trading update. Like-for-like sales in company-managed stores were up [...]
Pets at Home profits crash as restructuring costs mount November 27, 2018 Pet care veterinary and retail chain Pets at Home has seen its profits fall dramatically over the last six months, as the business struggled with rising costs from restructuring in a difficult retail climate. Its share price fell by as much as 4.8 per cent in early trading. The figures Overall group revenue rose 6.7 per [...]
British academic Matthew Hedges lands back in London after seven-month detention in UAE November 27, 2018 Matthew Hedges, the British academic freed by the United Arab Emirates (UAE) yesterday after being sentenced to 25 years in jail as a spy, landed back in London this morning. The 31-year-old PhD student thanked the Foreign Office and the British embassy for securing his release, and thanked his wife, Daniela Tejada, who has spent [...]
Profit slumps at De La Rue following UK passport loss November 27, 2018 De La Rue today reported a fall in profits in its first results since it lost the contract to print the UK’s passports. The figures The company said its adjusted operating profit fell 36 per cent to £17m in the six months to 29 September when compared to the same period last year. Revenue increased [...]
Thomas Cook shares plummet as it issues £30m profit warning following summer heatwave November 27, 2018 Thomas Cook's share price crashed by 30 per cent this morning as it announced a £30m profit warning, blaming the summer heatwave for hitting the package holiday provider’s main trading period. The warning – the business's second in two months – comes as the firm reported its tour operations arm was down £88m, impacted by discounts in [...]
Theresa May challenges Corbyn to Brexit TV debate on eve of parliament’s vote November 27, 2018 Theresa May has thrown down the gauntlet to her Labour rival over Brexit, challenging Jeremy Corbyn to a televised debate. The Prime Minister claimed the Labour leader hasn’t got a plan for Brexit, despite criticising the deal she is trying to win support for ahead of a crucial parliamentary vote next month. “I am willing [...]
Five reasons why tech stocks are in trouble November 27, 2018 For months, technology stocks have been the holy grail for growth, with valuations reaching dizzying heights. So, considering that what goes up must come down, perhaps it’s not surprising that stocks started tumbling last week. Share prices for each of the five tech giants – Facebook, Amazon, Apple, Netflix, and Google (the so-called Faangs) – [...]
Have faith, the UK can weather the political storm November 27, 2018 Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”. In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst. [...]
Former UBS rogue trader Kweku Adoboli accuses Home Office of ‘state violence’ following his deportation to Ghana November 27, 2018 Six years to the month since he was sentenced at Southwark Crown Court, Kweku Adoboli – the man responsible for the biggest unauthorised trading loss in UK history – is travelling along Ghana’s coast towards an idyllic seaside retreat known for its turtles and palm trees. Adoboli’s journey, however, has been far from leisurely. Earlier this [...]