Online retail to be Next’s summertime saviour as hot weather boosts sales September 23, 2018 Fast fashion stalwart Next is preparing to reveal its half year results to investors on Tuesday, with many eager to see whether its online sales uptick continued throughout the UK’s extended hot summer. The retailer had previously warned earlier this year that it was facing its toughest trading conditions in 25 years as customers [...]
Barclay brothers’ Ritz Hotel Casino swings to £11.7m loss from customer wins in 2017 September 23, 2018 The Barclay brothers' Ritz Hotel Casino reported an £11.7m loss last year after a strong performance the previous year, in which it made a pre-tax profit of £8.9m. The Ritz Hotel Casino, which is owned by the owners of the Daily Telegraph, David and Frederick Barclay, is based in St James's and has been visited [...]
Mike Ashley hits out at landlords as three House of Fraser stores set to close September 23, 2018 House of Fraser boss Mike Ashley has hit out at "greedy" landlords as he announced the closure of three department stores. At least 15 stores that were previously earmarked for closure have been saved, House of Fraser announced, however branches in Edinburgh, Hull and Swindon face being shut down. Sports Direct owner Ashley, who [...]
Former BHS owner Dominic Chappell loses conviction appeal with Pensions Regulator September 21, 2018 Former BHS owner Dominic Chappell has lost an appeal against his conviction for failing to provide information to the Pensions Regulator (TPR) following the demise of the department store chain. Chappell was ordered to pay £87,000 in January. Today a judge ruled his conviction would not be overturned because he gave "entirely unbelievable" evidence. In 2015, [...]
Former BHS owner Dominic Chappell loses conviction appeal with Pensions Regulator September 21, 2018 Former BHS owner Dominic Chappell has lost an appeal against his conviction for failing to provide information to the Pensions Regulator (TPR) following the demise of the department store chain. Chappell was ordered to pay £87,000 in January. Today a judge ruled his conviction would not be overturned because he gave "entirely unbelievable" evidence. In 2015, [...]
Uber-Deliveroo merger rumours spark investor fright as Just Eat shares tumble September 21, 2018 Shares in online food delivery service Just Eat tumbled as much as seven per cent in early morning trading, as news emerged that Uber is reportedly looking to buy rival competitor Deliveroo. Shares in the market leader Just Eat dropped to 647p, with other European food delivery firms Delivery Hero and Takeaway.com also being dragged [...]
Uber-Deliveroo merger rumours spark investor fright as Just Eat shares tumble September 21, 2018 Shares in online food delivery service Just Eat tumbled as much as seven per cent in early morning trading, as news emerged that Uber is reportedly looking to buy rival competitor Deliveroo. Shares in the market leader Just Eat dropped to 647p, with other European food delivery firms Delivery Hero and Takeaway.com also being dragged [...]
Moss Bros issues profit warning, blaming World Cup for poor footfall September 21, 2018 Shares tumbled at Moss Bros today as it issued a profit warning, blaming England’s World Cup success for fewer men being interested in buying suits. The figures The high street formalwear store posted a £1.7m loss for the six months to July, after recording a £3.7m profit in the same period of the previous [...]
Moss Bros issues profit warning, blaming World Cup for poor footfall September 21, 2018 Shares tumbled at Moss Bros today as it issued a profit warning, blaming England’s World Cup success for fewer men being interested in buying suits. The figures The high street formalwear store posted a £1.7m loss for the six months to July, after recording a £3.7m profit in the same period of the previous [...]
Price wars versus trade wars: Markets work just fine when we leave them alone September 21, 2018 David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since [...]