Guinness brewer Diageo warns currency volatility will hit profits September 20, 2018 British brewer Diageo today warned that volatility in the currency market is set to damage sales and profits. Sales will be reduced by £175m this year, the firm behind Guinness, Gordon’s Gin and Baileys said. Meanwhile operating profits will drop by £45m. It issued the warning ahead of its annual general meeting (AGM) later today, [...]
Guinness brewer Diageo warns currency volatility will hit profits September 20, 2018 British brewer Diageo today warned that volatility in the currency market is set to damage sales and profits. Sales will be reduced by £175m this year, the firm behind Guinness, Gordon’s Gin and Baileys said. Meanwhile operating profits will drop by £45m. It issued the warning ahead of its annual general meeting (AGM) later today, [...]
British American Tobacco boss to step down within next year September 19, 2018 The chief executive of British American Tobacco will step down in the next year as the sector struggles with share price decline and slowing sales growth, according to reports. Nicandro Durante will leave the company after seven years in the top job, Sky News reported this evening, and is likely to be replaced by an [...]
British American Tobacco boss to step down within next year September 19, 2018 The chief executive of British American Tobacco will step down in the next year as the sector struggles with share price decline and slowing sales growth, according to reports. Nicandro Durante will leave the company after seven years in the top job, Sky News reported this evening, and is likely to be replaced by an [...]
Cath Kidston to review UK store locations in bid for higher footfall September 19, 2018 Fashion retailer Cath Kidston is reviewing the locations of its UK stores as it looks to move to destinations that attract higher footfall. The brand, which has 65 stores across the UK including pop-ups and concessions, is reviewing individual branches as leases come up for renewal at which point it will consider whether to relocate the store to a [...]
Cath Kidston to review UK store locations in bid for higher footfall September 19, 2018 Fashion retailer Cath Kidston is reviewing the locations of its UK stores as it looks to move to destinations that attract higher footfall. The brand, which has 65 stores across the UK including pop-ups and concessions, is reviewing individual branches as leases come up for renewal at which point it will consider whether to relocate the store to a [...]
EU competition watchdog launches probe into Amazon’s business practices September 19, 2018 Amazon's business practices will be put under the microscope as the EU competition watchdog launched a probe into how the retailer uses data collected from smaller merchants. The preliminary investigation will scrutinise how the online shopping giant uses data it collects as a host for merchants and as a seller itself, as Amazon sells its own products [...]
EU competition watchdog launches probe into Amazon’s business practices September 19, 2018 Amazon's business practices will be put under the microscope as the EU competition watchdog launched a probe into how the retailer uses data collected from smaller merchants. The preliminary investigation will scrutinise how the online shopping giant uses data it collects as a host for merchants and as a seller itself, as Amazon sells its own products [...]
Orla Kiely shuts up shop, closing stores and online trading September 19, 2018 Orla Kiely has ceased trading, closing its retail stores and its online business. Parent company Kiely Rowan has gone into administration, closing its Orla Kiely stores in King’s Road and Seven Dials stores in London, and closing its Kildare shop from Monday 17 September. David Ruben & Partners have been appointed administrators. The firm said its print [...]
Orla Kiely shuts up shop, closing stores and online trading September 19, 2018 Orla Kiely has ceased trading, closing its retail stores and its online business. Parent company Kiely Rowan has gone into administration, closing its Orla Kiely stores in King’s Road and Seven Dials stores in London, and closing its Kildare shop from Monday 17 September. David Ruben & Partners have been appointed administrators. The firm said its print [...]