EP: 229 Doncaster, Chester & Hong Kong September 15, 2023 The final classic of the season takes place at Doncaster on Saturday as this year’s three-year-old generation line up in the Group 1 St. Leger, the highlight of this weekend’s racing. We also look at a couple of TV races at Chester on the same afternoon. City AM Racing editor Bill Esdaile previews the best [...]
H&M’s summer sales flatline after rival Zara owner cheers boost September 15, 2023 Fashion chain H&M has revealed its sales flatlined in the latest quarter after its biggest rival Zara owner Inditex cheered a stronger performance. The Swedish retail giant said its net sales, in local currencies, were flattish over June to September, compared to the same period last year. The weaker-than-expected quarterly update suggests that the chain [...]
Wilko: High street chain collapsed owing £400m to creditors September 15, 2023 Wilko collapsed with a well over £400m gap in its finances, according to documents published on Companies House, including £157.3m owed to trade creditors. The reports, first published by The Grocer, show that the high street chain owed £411m to unsecured creditors, and a further £25.8m was owed to HMRC. Some of the creditors included [...]
Amazon deal boosts Games Workshop ahead of Warhammer TV series September 15, 2023 Warhammer owner Games Workshop has said its trading performance for the three months ending 27 August has shot past expectations set by the board, as the company is spurred by a mega-deal with Amazon. Licensing revenue nearly doubled at £6m compared to last year’s £3m in the same period, while core revenue soared to £121m, [...]
Supermarkets hike prices to make loyalty card customers feel like they are getting a discount, new study claims September 15, 2023 Supermarkets such as Tesco and Sainsbury’s could be hiking their ‘regular’ prices to make loyalty scheme customers feel they are getting a discount, according to a new report by Which. The consumer choice group analysed 141 Clubcard and Nectar card prices at Tesco and Sainsbury’s and tracked their pricing history back six months. According to [...]
UK risks losing ‘competitive advantage’ in race to develop self-driving cars September 15, 2023 The UK risks losing its “competitive advantage” in the development of self-driving vehicles if the government fails to pass legislation urgently, MPs and industry groups have warned. A report from the Transport Committee argues that self-driving has been a “Great British success story” but that if appropriate legislation is not included in the upcoming King’s [...]
If banks are so committed to net zero, why are they pumping trillions into fossil fuels? September 15, 2023 Banks continue to act against their own financial interests - and their own green pledges - when they keep investing in fossil fuels, writes Halima Begum.
US and Japanese diplomats in the spotlight as envoys in London owe £150m in congestion charges September 14, 2023 Foreign diplomats in London owe nearly £150m in congestion charge debt, ministers have said. It comes as new figures given to MPs showed that 15 serious and significant offences, including sexual assault and drunk-driving, were allegedly committed by diplomats or those entitled to diplomatic immunity between 2019 to 2022. The new details came in two written ministerial statements published [...]
M&S turned it around and is now in FTSE 100. Here’s why John Lewis is so far off September 14, 2023 The John Lewis Partnership has had a torrid day, following an announcement it will push its turnaround plan back by two years. It’s the latest bit of bad news that has seen it fall further behind rival Marks and Spencer, whose high street revival recently raised its profit outlook after pivoting towards clothing and homeware. [...]
The Nettle Dress film review: An intriguing new way to see nature September 14, 2023 If you want to see an extreme example of sustainable fashion, this short and sweet British documentary may be the answer. The Nettle Dress follows textile maker Allan Brown as he talks about his seven-year project making a viking-style dress from locally foraged nettles. It’s an odd starting point for a film, but naturally there [...]