Why John Lewis’ price promise won’t deliver profits September 14, 2018 Retail bellwether John Lewis reported a 99 per cent drop in profits yesterday in what one analyst labelled a moment as significant as the fall of the Roman empire, as far as the struggling high street is concerned. The middle-class favourite’s profit before one-off items slumped to £1.4m in the six months to 28 July [...]
Post Office continues turnaround as it makes a profit for the second year in a row September 13, 2018 The Post Office revealed it was making good progress on its turnaround as it posted a profit for the second year in a row. The figures In its full-year results released today, trading profit more than doubled from £13m last year to top £35m while turnover was boosted by £4m to reach £961m. In retail, its revenue [...]
Post Office continues turnaround as it makes a profit for the second year in a row September 13, 2018 The Post Office revealed it was making good progress on its turnaround as it posted a profit for the second year in a row. The figures In its full-year results released today, trading profit more than doubled from £13m last year to top £35m while turnover was boosted by £4m to reach £961m. In retail, its revenue [...]
FTSE 100 bookie GVC gambles on ‘aggressive’ expansion as profits rise in first half September 13, 2018 The boss of FTSE 100 betting company GVC, which owns brands like Ladbrokes, Coral and Bwin, today said the firm was ready to "aggressively" expand and take the fight to its competitors after posting decent interim results. GVC proforma revenues rose eight per cent to £1.7bn, while gross profit jumped six per cent to £1.2bn. The firm was helped [...]
FTSE 100 bookie GVC gambles on ‘aggressive’ expansion as profits rise in first half September 13, 2018 The boss of FTSE 100 betting company GVC, which owns brands like Ladbrokes, Coral and Bwin, today said the firm was ready to "aggressively" expand and take the fight to its competitors after posting decent interim results. GVC proforma revenues rose eight per cent to £1.7bn, while gross profit jumped six per cent to £1.2bn. The firm was helped [...]
Morrisons turnaround gathers pace as supermarkets posts best sales quarter in nine years September 13, 2018 Morrisons continued its turnaround as sales at the country's fourth largest supermarket soared in its best quarter for nine years. The figures The group's like-for-like sales were up 6.3 per cent in the second quarter. Revenue for the first half of the year was also up 4.5 per cent to £8.8bn compared with the same [...]
Morrisons turnaround gathers pace as supermarkets posts best sales quarter in nine years September 13, 2018 Morrisons continued its turnaround as sales at the country's fourth largest supermarket soared in its best quarter for nine years. The figures The group's like-for-like sales were up 6.3 per cent in the second quarter. Revenue for the first half of the year was also up 4.5 per cent to £8.8bn compared with the same [...]
Debenhams share price falls as House of Fraser merger talk is dampened September 13, 2018 Shares in Debenhams fell by five per cent this morning, wiping out most of the gains made yesterday amid speculation that Sports Direct could merge the struggling retailer with House of Fraser. Read more: Sports Direct board 'mulled Debenhams and House of Fraser merger' The comments were made by an outgoing board member at the [...]
Debenhams share price falls as House of Fraser merger talk is dampened September 13, 2018 Shares in Debenhams fell by five per cent this morning, wiping out most of the gains made yesterday amid speculation that Sports Direct could merge the struggling retailer with House of Fraser. Read more: Sports Direct board 'mulled Debenhams and House of Fraser merger' The comments were made by an outgoing board member at the [...]
Brexit secretary Dominic Raab clashes with John Lewis as profits tumble 99 per cent September 13, 2018 Brexit secretary Dominic Raab has clashed with John Lewis after its chairman Charlie Mayfield suggested the store’s 99 per cent plunge in profits was partly due to Brexit. Profits at John Lewis plummeted to just £1.2m in the first half of this year amid what Mayfield called “challenging times” for retail. He also warned that [...]