When will it stop? Boohoo upgrades sales forecast yet again February 28, 2017 Boohoo has upgraded its sales forecast yet again, saying this morning that sales will double this year. Previously, Boohoo said its sales growth would be in the range of 46-48 per cent for the full year to 28 February. The online retailer, which targets millennials, said it had also improved its operations, meaning its margins [...]
KFC is advertising a suspicious (and gross) new “clean eating” burger – and everyone is suspicious February 28, 2017 KFC has either leaped, feet-first, onto the clean eating bandwagon – or it is expertly trolling the internet. The fried chicken chain has unveiled its new "clean eating burger" – a chia seed cauliflower "bun", unsweetened almond yoghurt, spiralized chicken breast, 100 per cent British kale, and an "ice cube relish". Er – yum? The fast [...]
A new wave of foreign millionaires is poised to buy ultra-exclusive London property thanks to the weak pound February 28, 2017 Another wave of foreign millionaires is poised to buy up ultra-exclusive homes in London, after the weak pound turned property in the capital into an increasingly enticing proposition, a new report has suggested. The Ultra Prime Barometer Report suggested buyers from the US, Middle East and India were all getting ready to take advantage of [...]
Future of Garden Bridge hanging in the balance, says London politician February 28, 2017 The future of the Garden Bridge is hanging in the balance, despite being cleared of financial irregularities, according to a London Assembly member. Vauxhall MP Kate Hoey had complained to the Charity Commission about the project, citing concerns about spending by the Garden Bridge trust. Earlier this year, the trustees admitted the project could cost [...]
Saudi Aramco is valued at $2tn. A new report suggests that is 500 per cent too high February 28, 2017 The world’s most valuable oil company, Saudi Aramco, is approaching its first IPO in 2018, as the government of Saudi Arabia prepares to sell off portions of the company in order fill a sovereign wealth fund crucial to the country’s transition away from an oil-based economy. Saudi Aramco is worth $2tn, according to Riyadh, and [...]
Pensions triple lock: Labour calls for government to preserve payment structure beyond 2020 February 28, 2017 Labour will today demand that the government guarantees the pensions triple lock beyond 2020. In a speech on intergenerational fairness, Debbie Abrahams, Labour’s shadow work and pensions secretary, will say the current commitments by the Conservative government are not enough. The triple lock increases state pension payments annually by either inflation, average earnings growth or 2.5 per cent, whichever is highest. The [...]
Derwent London’s shares rise on new lettings and special dividend February 28, 2017 Office developer Derwent London's share price climbed this morning after it lifted its final dividend by 25 per cent and also announced a special dividend. The figures In its results for the year ending 31 December, Derwent posted a net rental income growth of 5.2 per cent, up from £138.7m in 2015 to £145.9m last year. The [...]
Meggitt’s share price rockets as profit beats expectations and Trump promises more defence spending February 28, 2017 Shares in Meggitt rose more than 11 per cent this morning after the aerospace and defence firm beat forecasts and investors cheer on Donald Trump's plan to pump up defence spending. The figures The firm's reported revenue increased 21 per cent to £1.99bn in the year to 31 December 2016, helped by foreign currency movements, while underlying [...]
Power failures causing delays on all routes to and from London Kings Cross February 28, 2017 Commuters trying to travel in or out of Kings Cross today are facing delays and disruption due to power failures. National Rail said a signalling problem between Finsbury Park and London Kings Cross is causing delays of up to 20 minutes on journeys to and from London Kings Cross. This is expected to continue until 12:00pm. [...]
Lazy monolinguals will hurt your business: The compelling case for bringing language learning into the workplace February 28, 2017 The UK’S future relationship with Europe is far from certain. With many of Brexit’s economic consequences still panning out, it is a good time to reflect on how the UK can maintain a global trading edge after its exit from the EU. In this respect, post-Brexit UK companies would do well to embrace foreign languages [...]