London and the City Through Our Readers’ Eyes May 5, 2022 | Sponsored We are pleased to announce that Aquis Exchange PLC launches an exciting competition today for you to capture The City of London on your camera. Aquis is offering City AM readers the chance for two people to go to one of London’s prestigious fine dining eateries Boisdale, where you will be able to dine on [...]
Sales boost for Next as shoppers take back to the high street May 5, 2022 High street giant Next saw a boost in sales in the first quarter of the year it continues to feel the lift of stores reopening after covid lockdowns.
Slice of VAT: Domino’s Pizza’s UK sales drop as budgets tighten May 5, 2022 Domino's reported VAT hikes taking a slice of the pizza this morning, with UK & Ireland system sales down 1.5 per cent in the first quarter to £365.9m.
Just Eat urged to spin off Grubhub ‘quickly’ at AGM as shares plunge after investigation into top boss May 4, 2022 Just Eat Takeaway shareholders approved resolutions to reappoint key board members despite criticism from its activist investor. The delivery service made headlines ahead of its AGM on Wednesday morning, with news of the departure of its chairman and an investigation into its COO. However, despite pressure from activist investor Cat Rock last month, shareholders of [...]
Ocado dodges rebellion as shareholders back pay boost for bosses May 4, 2022 Grocery tech giant Ocado has seen off an investor rebellion over its bosses’ pay packet despite two of the world’s biggest shareholders urging investors to vote against the plans.
Airbnb anticipates ‘strong sustained pent up demand’ as results beat analyst expectations May 4, 2022 Airbnb has posted record quarterly results and beat estimates as holidaymakers are keen to get away after lockdown measures have eased. First quarter revenue shot up 70 per cent from the year prior, despite the company noting “macroeconomic headwinds,” war in Ukraine and the pandemic. Revenue hit $1.5bn and exceeded its pre-pandemic comparable by 80 [...]
Oxford St raid: Officers seize thousands of counterfeit and dangerous items from two retailers May 4, 2022 Trading standards officers seized £58k worth of vapes and unsafe toys from two Oxford Street retailers. Westminster City Council officers seized more than 4,000 items that were thought to be counterfeit or possibly dangerous to the public. Items seized in the 26 April raid included vaping devices containing excessive levels of nicotine and which had [...]
Supermarket sales slow over Easter as Brits start to cut back on grocery purchases May 4, 2022 Supermarket sales slowed last month as spending habits returned to normal after pandemic restrictions. Households are tightening their purse strings after the first tranche of higher bills hit budgets this spring while spending habits are also normalising after the easing of lockdown restrictions. Shoppers added slightly fewer items to their baskets over the last four [...]
Boohoo woes: Shares collapse as customers return more clothes than expected May 4, 2022 Boohoo faces further woes as the online retailer’s shares plunged after it admitted that consumers were returning items more than expected. Supply chain hang-ups have also led to longer delivery times, to the detriment of the Boohoo’s international proposition, it said on Wednesday. The beleaguered fashion firm recorded a revenue jump of 14 per cent [...]
Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.