Bitcoin’s surge is thanks to one thing: Donald Trump’s improving ratings October 22, 2024 Donald Trump’s rising chances in the upcoming presidential election are helping bitcoin’s price come back close to its all-time high. Bitcoin’s price is up 11.5 per cent in the last ten days, and 26 per cent from its seven-month low in September, and analysts are pointing to a simple reason for the spike: Trump. Trump’s [...]
Virgin Wines: Revenue flat as it looks to weather bottleneck in market October 22, 2024 Online wine seller Virgin Wines has reported flat year-on-year revenue as it searches for ways to acquire loyal customers and increase efficiency in a tough trading environment. Total revenue remained at £59m in the year ended 28 June, while profit before tax increased by £2.4m to £1.7m, from a loss of £0.7m in 2023. Adjusted [...]
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
Womenswear firm Sosandar cuts sales outlook after pivot away from discounts October 22, 2024 Sosandar, the women’s fashion retailer, has slashed its sales predictions for the year by £5m today but said a pivot away from clothing discounts would help keep its profits on track. The AIM-listed brand reported pre-tax loss of £0.6m in the six months to 30 September, up from a pre-tax loss of £1.3m in the [...]
Budget uncertainty threatens to freeze growth at small businesses October 22, 2024 A significant number of small and medium-sized enterprises (SMEs) have warned their growth ambitions may be at risk if Rachel Reeves doesn’t prioritise their concerns in the upcoming Autumn Budget. According to a survey of over 500 SME leaders on behalf of specialist lender Simply Asset Finance, 74 per cent said the outcomes of the [...]
Oil and gas engineer Hunting’s stock plummets as profit forecast cut October 22, 2024 Oil and gas engineer Hunting’s stock plummeted this morning after it cut its profit forecast thanks to lower oil prices. Despite reporting a 16 per cent rise in profit during the third quarter, the London-listed energy services firm flagged falling sentiment and lower client activity in the sector. “Whilst the outlook for the international and [...]
Gear4music: Music instrument retailer returns to growth October 22, 2024 Gear4music said it returned to quarterly revenue growth as the online musical instrument retailer pursued a new strategy to improve its profitability.
Shoe Zone shares slide: Profit nearly halves as costs put the boot in October 22, 2024 Affordable footwear company Shoe Zone has reported a drop in revenue and profit as weak demand and high costs weigh on the high street retailer amid a revamp of its physical estate. Revenue fell by 2.7 per cent to reach £161.3m in the year to 28 September, down from £165.7m in 2023. Profit before tax [...]
Wickes returns to growth but warns pent up DIY demand is easing October 22, 2024 Home improvement firm Wickes reported it had returned to growth over the summer today but warned its sales were likely to wane as pent up DIY demand eases in the coming months. The London-listed retailer reported a 2.1 per cent growth in revenue, or 0.4 per cent on like-for-like metrics, with retail revenue growing by [...]
Empresaria shares plummet as staffing firm warns of challenging quarter ahead October 22, 2024 In the third quarter, Empresaria reported that net fee income was down four per cent year-on-year.