Ikea promises to cut furniture prices as costs start to ease October 12, 2023 Ikea has promised to pass on cost savings to customers by cutting prices over the next year as pressures in its supply chain start to ease. The company said that it has a “clear intention” to reduce prices this financial year, ending next August and will launch a sale at Easter for the first time. “Despite [...]
Boots sales soar 11.7 per cent as stalwart weathers economic storm October 12, 2023 High street chemist Boots revealed an 11.7 per cent hike in sales on a year-on -year basis during the fourth quarter, as the firm was bolstered by demand for skin care products and luxury beauty items. The British-born company – which has long been under the ownership of US firm Walgreens – said that skincare [...]
Recruiters’ results reflect fears for jobs market October 12, 2023 Uncertainty about the economy continues to rock the jobs market as three FTSE 250-listed recruiters reported reduced fees and earnings this week. Hays gave an update today on its first quarter that ended on 30 September, showing a decline in net fees of 11 per cent in the UK, against a 7 per cent fall [...]
Oxford St lights up a Christmas of sustainability — and giving October 12, 2023 Oxford Street will be wishing West End shoppers a merry sustainable Christmas again this year. Come 2 November, nearly 300,000 LED lights will be switched on, saving 75 per cent more energy than regular light bulbs, and with the displays made from recycled polymer. And like last year, the lighting will be kept on a [...]
Birkenstock share price slides 12 per cent in disappointing debut October 12, 2023 Birkenstock ended its first day of trade as a listed company down 12 per cent, making the frumpy shoes’ highly anticipated debut to the US stock market the worst stock market float in two years, analysts claim. Shares in the German sandal maker started trading at $41 (£33) a share, below its IPO price of [...]
Bitcoin’s support level above $27,000 crumbles October 12, 2023 Bitcoin is trading below $27k, dipping as low as $26,500 before gaining some ground earlier this morning to trade at $26,730.
FTSE 100 close: London’s blue-chip index closes higher after UK returns to growth while Mobico plunges October 12, 2023 London rose as The Restaurant Group's share soared and Mobico's plunged, while investors reacted to latest GDP statistics.
Darktrace holds forecasts as cybersecurity business picks up October 12, 2023 British cybersecurity company Darktrace has expressed confidence in its full year outlook as new customer additions pull up revenues.
Time to buy? Shares are up as Hotel Chocolat says it’s ‘on the front foot again’ October 12, 2023 Hotel Chocolat CEO said the "hard work" of a turnaround plan was beginning to pay off
Wagamama latest to go private in £700m Apollo deal October 12, 2023 Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.