Deliveroo: Brits buying takeaways helps app exceed guidance January 19, 2024 Deliveroo benefited from a surge in demand as it announced being ahead of its previously-raised profit guidance last year. The takeaway delivery giants said in a fourth quarter update to investors, its gross transaction value (GTV) remained “resilient” with an improved trend in orders, seeing a seven per cent leap to £1.09bn in the UK [...]
DFS cuts revenue guidance after muted UK retail Christmas January 19, 2024 The furniture retailer still expects to meet underlying profit guidance despite a fall in demand
Retail sales crash 3.2 per cent in December as struggling high street hits Covid-era low January 19, 2024 UK retail sales plummeted 3.2 per cent in December, well below analyst expectations and the largest monthly fall since January 2021 when coronavirus restrictions pushed down sales. Analysts had expected sales to fall by 0.5 per cent in the last month of the year, but a significant drop in both food and non-food store sales [...]
Harrods Corporate Service January 18, 2024 Harrods Corporate Service are experts in creative business gifting solutions, from any brief or budget, the dedicated account managers are experts in helping businesses communicate, celebrate millstones, motivate and reward. With first-hand access to some of the most exclusive products and services in the world from every department across the renowned Knightsbridge store from the [...]
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Mike Ashely’s Frasers Group raises stake in Boohoo to 22 per cent January 18, 2024 Mike Ashely’s Frasers Group has upped its stake in Boohoo again, taking it from 17 per cent to over 22 per cent. Shares in the fast fashion firm leaped over three per cent this morning as investors responded positively to the news. Frasers, formerly called Sports Direct, said over the summer its purchase of Boohoo [...]
High-scoring Cowboys-Seahawks game costs Flutter $80m but bookie extends revenue and market share January 18, 2024 Flutter has said punters beat expectations in its fourth quarter but this was cushioned by stronger than expected margin growth.
Young’s reports bumper Christmas sales as shareholders wave through City Pub Group deal January 18, 2024 Young and Co.'s pub chain said raked in bumper sales during the Christmas period as it sealed the acquisition of the The City Pub Group this morning.
Watches of Switzerland: Shares crater 30 per cent as demand for luxury flattens January 18, 2024 Shares in Watches of Switzerland have fallen by over 30 per cent after the luxury watch maker warned on its earnings for the year. . In an update, the Rolex seller said that it was bruised by “challenging macroeconomic conditions” over Christmas which impacted consumer spending in luxury retail. It now expects revenue for the [...]
JD Sports Fashion continues European expansion with completed acquisition of Poland’s MIG January 18, 2024 JD Sports Fashion has completed the acquisition of a 40 per cent stake in a Polish investment group as it pushes into European markets.