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 [...]
Recipe box company Gousto secures £30m funding July 15, 2019 Recipe box delivery company Gousto has secured £30m in a funding round led by London private equity firm Perwyn. Gousto will use the investment, which takes its total funds raised to more than £100m, to develop artificial intelligence technology. Read more: Gousto cooks up £18m funding and signs up body coach Joe Wickes The company [...]
Proven success: Finsbury Food hails bread sales for rising revenue July 15, 2019 Thorntons maker Finsbury Food credited rising bread sales for an annual 3.8 per cent in group sales to £315.3m in the 12 months to the end of June. Read more: Icing off the cake: Finsbury Food drops as butter prices skyrocket Cake, bread and pastries pushed the Aim-listed baker higher, which saw a three per [...]