Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms February 8, 2024 Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, the Rolex seller said group revenue declined by one per cent to £397m in the third quarter, and in the UK and Europe it fell [...]
British American Tobacco slumps to £15.7bn loss as higher impairment charge on US brands wipes out profit February 8, 2024 British American Tobacco has said the size of its writedown on the value of its US brands has increased to £27.3bn.
Gaucho and M owner delivers juicy growth again despite consumer fears February 8, 2024 THE RESTAURANT group behind Gaucho and M consolidated a bumper post-pandemic year in 2022 with double digit profit growth in 2023
The Co-op hit by nearly 1,000 shoplifting, abuse, violence and anti-social behaviour incidents every day in 2023 February 8, 2024 The Co-op experienced almost 1,000 incidents of shoplifting, abuse, violence and anti-social behaviour every day across its stores during 2023, new figures have revealed.
Sainsbury’s refuses to rule out job cuts in £1bn ‘food first’ strategy February 7, 2024 Sainsbury’s did not rule out job cuts as part of its strategy update which aims to save £1bn and ramp up the amount of food it sells in its supermarkets. This morning, the UK’s second biggest grocery chain said it would slash the amount of general merchandise and clothing it sells in its shops, describing [...]
What’s On In London In February 2024 February 7, 2024 | City Talk As London starts to blossom and we emerge from the winter slump. Central London Alliance brings opportunities for you to embrace the romance of the city for Valentine’s Day. In addition, we welcome in the Chinese New Year, with a vast array of exhibitions, events and experiences to keep you busy throughout the month. Revel [...]
Crazy golf group Big Fang Collective to expand after £5.5m boost February 7, 2024 A crazy golf group is aiming to expand into three "major cities" this year after securing a £5.5m boost.
PZ Cussons shares nosedive 17 per cent after company slashes dividend following Naira devaluation February 7, 2024 British health and beauty manufacturer PZ Cussons has cut its dividend following a 70 per cent decline in the value of the Nigerian Naira.
Coca-Cola HBC follows McDonald’s in feeling the heat of Israel-Gaza war boycotts February 6, 2024 Shares in Coca Cola HBC edged down this morning amid warnings from analysts that the bottler of the iconic fizzy drink could be the latest to feel the financial pain of Pro-Palestntain boycotts.
K-Pop event firm’s shares remain suspended as losses continue to spiral February 6, 2024 Live Company, the firm behind children’s live entertainment group Bricklive and K-Pop Lux has published its 2022 financial accounts after a six month delay which resulted in it being suspended from the London Stock Exchange. Back in July, the Surrey based group was told it could no longer trade because it failed to publish its [...]