French Connection losses deepen as it rues tough trading environment September 20, 2018 Retailer French Connection said it was still on track to return to profitability by the end of the year despite reporting declining revenues. Its shares took a six per cent hit on Thursday morning after the update. The figures Group revenues took a 2.4 per cent hit to fall to £58.1m, as the company said [...]
Spirit in the sky: City Pub Group sees profits jump after bumper World Cup summer September 20, 2018 Aim-listed pub landlord City Pub Group has posted a 73 per cent rise in pre-tax profit on the back of a bumper summer of good weather and a successful World Cup run. Profits before tax rose to £1.6m in the first six months of 2018, rising from £0.9m compared with the same period last year, [...]
Spirit in the sky: City Pub Group sees profits jump after bumper World Cup summer September 20, 2018 Aim-listed pub landlord City Pub Group has posted a 73 per cent rise in pre-tax profit on the back of a bumper summer of good weather and a successful World Cup run. Profits before tax rose to £1.6m in the first six months of 2018, rising from £0.9m compared with the same period last year, [...]
DEBATE: Is there a silver lining for consumers to the increased inflationary pressures? September 20, 2018 Is there a silver lining for consumers to the increased inflationary pressures? Emma-Lou Montgomery, associate director for personal investing at Fidelity International, says YES. A little inflation can be a good thing. It’s a sign of an improving economy, and it means that your debts – providing that your income rises in line with or [...]
DEBATE: Is there a silver lining for consumers to the increased inflationary pressures? September 20, 2018 Is there a silver lining for consumers to the increased inflationary pressures? Emma-Lou Montgomery, associate director for personal investing at Fidelity International, says YES. A little inflation can be a good thing. It’s a sign of an improving economy, and it means that your debts – providing that your income rises in line with or [...]
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 [...]