Lululemon raises profit outlook after strong Christmas trading January 13, 2020 Exercise clothing retailer Lululemon raised its profit outlook today after a strong sales performance over the important Christmas trading period. Shares in the retailer jumped around two per cent in early trading this morning after it announced that profit per share for the quarter to 2 February is expected to be $2.22 to $2.25. Read [...]
Alphabet nears $1 trillion valuation on ad growth optimism January 13, 2020 The valuation of Google parent company Alphabet is on the verge of hitting the prestigious $1 trillion (£770bn) mark after a string of positive analyst coverage pushed up its share price. Shares in Alphabet edged to within one per cent of the $1 trillion market capitalisation on Friday as the tech firm continues a bullish [...]
Chinese car sales tumble again in 2019 January 13, 2020 The Chinese car market was in reverse for the second consecutive year in 2019, as the cooling economy and the nation’s trade disputes with the US hit consumers. Sales slumped 8.2 per cent to 25.8m vehicles last year, after a 2.8 per cent fall to 28.1m in 2018, according to the China Association of Automobile [...]
And then there were five… Thornberry scrapes through to second round of Labour leadership race, as Lewis drops out January 13, 2020 Five candidates have secured enough nominations to get through to the second round of the Labour leadership contest, with just one contender dropping out. Shadow foreign secretary Emily Thornberry is thought to have scraped through after she secured enough support from MPs and MEPs with just minutes to go, however Clive Lewis dropped out before [...]
Clive Lewis withdraws from Labour leadership race January 13, 2020 Clive Lewis has pulled out of the Labour leadership race after only getting five endorsements from other MPs. The Norwich South MP needed 22 nominations by 2.30pm to proceed to the next round, however he only managed to pick up five. Read more: Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that party ‘won the [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]
Prince William and Prince Harry slam ‘offensive’ newspaper report January 13, 2020 Prince William and Prince Harry have launched a blistering attack on an “offensive and potentially harmful” newspaper report about their relationship, as tensions between the palace and the press deepen. In a joint statement the Duke of Sussex and Duke of Cambridge said: “Despite clear denials, a false story ran in a UK newspaper today [...]
Iran protesters take to streets for third day after shooting down of plane January 13, 2020 Protesters have taken to the streets of Iran for a third day running, as outage over the authorities’ admission it accidentally shot down a Ukranian airliner, despite repeated denials that Iranian forces were responsible. Demonstrations in the country began on Saturday following the Iranian military’s admission that it had mistakenly shot down the plane, killing [...]
Northern Ireland: Boris Johnson insists ‘no circumstances’ for checks on goods after Brexit January 13, 2020 Boris Johnson has insisted there will be “no circumstances” in which goods coming between Northern Ireland and Great Britain would be subject to checks after Brexit. The Prime Minister, who is in Stormont after the breakthrough last week restored the power-sharing executive, praised those involved for having “stepped up to the plate and shown leadership”. [...]
Superdry’s share price decline continues after profit warning January 13, 2020 Superdry’s share price continued to dive today after the embattled retailer issued a profit warning last week following weak sales over the crucial Christmas trading period. The fashion chain’s shares dropped more than eight per cent this morning to 401.2p, before recovering slightly in the afternoon to 412p. Read more: Superdry shares plunge as it [...]