Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
Hugo Boss exceeds 2021 sales target after strong fourth quarter January 18, 2022 Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels.
THG earnings margin anticipated to be below market expectations as quarterly revenue up January 18, 2022 E-commerce giant THG has said its adjusted core earnings margin would fall short of market expectations, in otherwise buoyant results on Tuesday. The retail group posted a 29.7 per cent jump in fourth-quarter revenue, setting it on a good course for the year However, THG blamed adverse currency movements as it forecast that adjusted core [...]
No need to scan: Aldi’s first check-out free store opens in Greenwich with cameras and tech tracking customers’ moves January 18, 2022 Supermarket chain Aldi has opened its first checkout-free store in London. The Aldi Shop&Go concept store in Greenwich opened at 7am this morning for public testing, having been tested by Aldi colleagues in recent months. The new trial store, which is situated on Greenwich High Street, allows customers to complete their shop without scanning a single product, or having [...]
Sweat is weakness leaving the body: Europe’s highest gym launches in City’s new 22 Bishopsgate skyscraper January 17, 2022 Europe’s highest gym will soon be in the Square Mile as fitness operator BXR London told City A.M. this afternoon it is moving in on the 25th floor inside the new 22 Bishopsgate tower. The BXR City branch will also contain one of the highest climbing walls in the world when it will open next [...]
Fridays owner Hostmore remains on track despite Omicron cancellations January 17, 2022 Hostmore, which owns Fridays, has confirmed that its earnings and new site pipeline are on track despite weaker trading over the festive period. The hospitality firm’s board expects earnings before interest, taxes, depreciation and amortisation for the year to January 2 to be “well ahead” of £18.6m. London-listed Hostmore, which also owns cocktail bar [...]
U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
Big Yellow Group plots return to normal with 30 per cent revenue boost as pandemic conditions ease January 17, 2022 Self-storage specialists Big Yellow Group have reported a 30 per cent revenue boost in its third quarter update.
Covid is ‘crashing’ as Omicron increasingly acts as a natural vaccine: Mild or no coronavirus symptoms yet all the antibodies January 17, 2022 Covid scientist are increasingly convinced the Omicron variant is acting as a natural vaccine for tens of millions of people around the world as most infected people have no or very mild symptoms, yet their bodies do produce full antibodies. Many countries are currently seeing record numbers of infections, including the UK, US, most of [...]