Real wages rise as UK inflation stays at two per cent July 17, 2019 The prices in UK shops rose by two per cent in the 12 months to the end of June, official figures have revealed, with clothing and food costs rising most rapidly in the last year. Read more: UK unemployment stays at 45-year low as wages tick up The two per cent consumer price index (CPI) [...]
Mr Kipling sales soar as Premier Foods prepares for AGM July 17, 2019 Mr Kipling sales soared 10 per cent in the first quarter of the financial year, boosting the revenue of parent company Premier Foods. Overall group sales were up 1.1 per cent, and first quarter branded sales increased by 2.9 per cent, the company reported this morning. Read more: Mr Kipling owner Premier Foods facing shareholder [...]
Sweet like chocolate: Hotel Chocolat credits ‘relentless’ innovation for sales boost July 17, 2019 Hotel Chocolat hailed its “relentless” innovation for a bumper rise in revenue for the 12 months to the end of June, it said in a trading update today. Read more: Hotel Chocolat tastes success after Christmas sales surge Sales soared 14 per cent to £132m for its financial year, while it expects profits to hit [...]
Rolex seller Watches of Switzerland posts soaring sales in maiden results July 17, 2019 The UK’s biggest seller of Rolexes enjoyed a surge in appetite for luxury watches over the last 12 months, it revealed today in its first financial results since floating on the London Stock Exchange. Watches of Switzerland, which begun life as a listed firm in the City less than two months ago, has reported a [...]
Why the big supermarkets can’t deliver food in a sustainable, plastic-free way July 16, 2019 The big four grocers have protected their dominance well over the last 40 years, using their control of the supply chain and access to customers to create untouchable economies of scale. However, the digital revolution is changing the rules for the food and drink market. While the initial changes created by digital seemed to be [...]
US property firm challenges Arcadia restructuring plans July 16, 2019 Sir Philip Green’s Arcadia retail empire has been hit with a legal challenge from a US landlord over the company’s restructuring plans. US property company Vornado, which owns two Topshop stores in New York, has launched an offensive against the two of the retailer’s seven recently agreed company voluntary arrangements (CVAs). Read more: Pensions regulator [...]
Burberry shares soar as customers welcome new designer’s collections July 16, 2019 Iconic British fashion brand Burberry boosted sales as new designs by creative chief Riccardo Tisci were snapped up by customers. Shares in the FTSE 100 firm were up 8.26 per cent this morning following the first quarter trading update. Read more: Burberry fails to stop the selling Retail revenue in the quarter to the end [...]
Shares in Franco Manca owner Fulham Shore rise as it serves up revenue boost July 16, 2019 Shares in The Fulham Shore, which owns pizza chain Franco Manca, jumped more than five per cent in early trading after it posted a double-digit rise in revenue for the full year. Read more: Pizza Express losses widen amid strain on casual dining sector The figures Revenue increased 17 per cent to £64m in the [...]
Irn-Bru maker AG Barr’s share price crashes after profit warning July 16, 2019 Irn-Bru maker AG Barr’s share price plummeted this morning after it warned of a sharp drop in full-year profits amid worse-than-expected trading. The Scottish-based fizzy drinks maker warned that profits for the full-year would slump by 20 per cent, after predicting that the firm is unlikely “to recover fully from the volume impact in the [...]
Leicester Square’s Hippodrome Casino reports falling profits July 15, 2019 Leicester Square’s Hippodrome Casino saw profits halve last year as political and economic uncertainty dented gamblers’ confidence. Revenue slumped from £77.8m to £76.5m and operating profit dropped from £5.5m to £2.1m last year, according to the casino operator’s latest financial filings. Read more: El Dorado snaps up Caesars in major casino purchase Hippodrome, which is [...]