Just Eat appoints new executives as it eyes up profit September 29, 2022 Just Eat has appointed two new chiefs to its top team today as it angles in on profitability this year and looks to capitalise on a positive first six months trading.
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
Vodafone takes crown once more as UK’s most valuable brand September 29, 2022 Vodafone has been named as the UK’s most valuable brand for the fifth year in a row, beating heavyweights HSBC and Shell to the top spot. The country’s top 75 brands are now collectively worth $282.9bn, up by one per cent year on year, the Kantar BrandZ Most Valuable UK Brands 2022 report has stated. [...]
Cost of living crunch sinks teeth into Morrisons profit September 28, 2022 Morrisons has posted sliding sales after the retailer was recently knocked out of the Big Four by discounter rival Aldi. In financial results for the 13 weeks to 31 July, the group posted like-for-like sales, excluding fuel, down 3.1 per cent on the comparable period a year ago. The supermarket pointed to “unprecedented inflationary pressures” [...]
Lego builds on sales surge as profits hit £750m September 28, 2022 The Lego group revealed a 17 per cent surge in revenues in the first six months of the year as it beat expectations with net profit of DKK 6.2bn (£750m).
Everyman loved by every man: Cinema posts ‘progress on all fronts’ as losses narrow September 28, 2022 Cinema group Everyman said it had seen “progress on all fronts” this morning after it shrank its pandemic losses and notched a jump in revenues to £40.7m in the six months to June.
Burberry creative chief Tisci steps down as Brit Daniel Lee takes over September 28, 2022 The creative brain behind iconic British fashion brand Burberry is set to step down from his role at the end of this month after five years at the helm, the firm announced today.
Exclusive: City insider urges retail not to make knee-jerk cuts in ad budgets September 27, 2022 Recent figures show retail is feeling the effects of the cost of living crisis. Latest figures from the Office for National Statistics show a 0.5 per cent drop in spending last month, with a 1.6 per cent decrease in food sales. As a result, many businesses are under so much pressure they have no choice but to [...]
Gymshark names former Asos chief Mat Dunn as new CFO September 27, 2022 Gymshark has announced former Asos interim chief Mat Dunn as its new chief financial officer, as the e-commerce sportswear retailer gears up to open its first physical store. Dunn, whose departure was announced from the fast fashion brand a month ago, will join Gymshark in early 2023. His CV boasts a four year stint as [...]
Domino’s appoints former Burger King executive as interim chief September 27, 2022 Domino’s has announced today that Elias Diaz Sese will take over as interim chief of the firm in October as it hunts for a permanent replacement for outgoing boss Dominic Paul.