Harrods hails rise in profit as iconic London store recovers from pandemic lull August 15, 2023 Harrods, the world famous department store in Knightsbridge, recorded a profit for the year ending January 2023, as the iconic London shop fully rebounded from the pandemic lull. Luxury shoppers keen to blow their cash in the capital helped hike operating profits at Harrods to £202.7m up from a weak £71.4m the prior year. The [...]
Rise of the ‘finfluencers’: Instagram, Facebook and Reddit drive investment ideas in young people August 15, 2023 Young people are increasingly turning to social media for investment ideas even as the Financial Conduct Authority (FCA) starts to whip out regulation on the field of finance influencers – or ‘finfluencers’ as they are often known as. Over a fifth of investors ages between 18 and 34 are taking investment advice such as stock [...]
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
Vauxhall warns UK is ‘well behind’ on EV charger roll out August 15, 2023 The UK government is facing renewed pressure to resolve ongoing delays in the roll-out of critical electric vehicle (EV) charging infrastructure, after Vauxhall warned this morning that the vast majority of local authorities have yet to install any public chargers. The carmaker, via Freedom of Information (FOI) requests, found that out of 414 councils across [...]
Harvey Nichols boss Manju Malhotra exits after three years August 15, 2023 The boss of Harvey Nichols, Manju Malhotra, will step down from her role as head of the luxury retailer. Malhotra, who led the business for three years, will temporarily be replaced by Pearson Poon the son of Dickson Poon who has owned Harvey Nicholls since the 1990’s. Poon, who currently serves as executive director has [...]
Crypto doldrums rumble on as investors wait for signals August 15, 2023 Bitcoin continues to trade around $29.3k while Ethereum drifts along at $1.8k as the cryptocurrency markets fall stagnant.
Pandora raises revenue guidance off the back of strong growth August 15, 2023 Pandora has raised its full year revenue guidance following a strong performance in the second quarter of the year. The Danish Jewellery maker, best known for its charm bracelets, said today that it expects organic sales growth for the year to be in the range of two per cent to five per cent, up from [...]
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Stepping Stones to Sustainability – Improve the sustainability of your real estate in 5 steps August 15, 2023 | Sponsored Introduction Sustainability is increasingly high on people’s agenda and has become a buzz word in business circles. Measurable performance and tangible outcomes are becoming the standard across all sectors. But what does this really mean in practice, and how do you make your business more sustainable in a meaningful way? We break sustainability challenges down [...]
Grocery price inflation drops sharply to 12.7 per cent August 15, 2023 Grocery price inflation saw its second sharpest fall since 2008, falling 2.2 percentage points to 12.7 per cent for the four weeks to 6 August, new data shows. While food prices are still rising, some goods actually became cheaper, with shoppers paying £1.50 for four pints of milk, down from £1.69 in March, and a [...]