Boohoo shares drop despite retailer lifting 2019 guidance after strong sales growth January 15, 2019 Boohoo had no cause for tears this morning as it revealed rocketing revenue helped it end 2018 on a high, raising guidance for its full-year sales. Sales grew 44 per cent year on year to £328.2m in the four months to the end of December, up from £228.2m in the same period in 2017. Read [...]
Profiting from the retail revolution: What’s hot and what’s not? January 15, 2019 It turns out that so-called Super Thursday wasn’t so super after all. Despite being lauded as a day when retailers boast strong figures from the festive period, last Thursday proved to be a mixed basket of results. With consumers feeling the pinch and Brexit-sized uncertainty looming large over the high street, it’s not surprising that [...]
Brexit high noon spells danger for currency traders January 15, 2019 Theresa May’s ultimate showdown has finally arrived. The high-stakes parliamentary vote on her Brexit plans is due later today, and the outcomes vary wildly – from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade, which could whip wildly in [...]
City moves for 15 January – who’s switching jobs at Leathwaite, Blend Network and Quantexa? January 15, 2019 Who’s on the move? Leathwaite Leathwaite, the global human capital specialist firm, announces that Dena Brumpton is to join its board as a non-executive director. With over 30 years’ experience as a senior financial services professional, most recently as chief executive for Barclays savings, investments and wealth management, Dena Brumpton is regarded as one of the [...]
Carillion one year on: Government outsourcers are still struggling with growing debt piles January 15, 2019 On the anniversary of Carillion’s collapse, government outsourcers are still reporting ballooning debt levels as they try to balance the books. Kier Group, Interserve, Serco, Sodexo and Sopra Steria, who are all on the government’s list of strategic suppliers for 2019, have taken on hundreds of millions of pounds worth of debt in the last [...]
Lululemon ups fourth quarter forecasts on strong online and China demand January 14, 2019 Clothing retailer Lululemon Athletica boosted its profit and revenue forecasts for the last quarter of its financial year today, driven by online growth and demand from China. The Canadian retailer, which is known for its upscale yoga and athletic wear, said its upgrade was based on a strong holiday season and success “around the globe”. [...]
Atom Bank poised to appoint Citi for potential sale to Spanish bank January 14, 2019 Digital lender Atom Bank is in talks with advisers over a potential instruction that could lead to its takeover by Spanish banking behemoth BBVA. According to Sky News, the Durham-based bank is in discussions with Citi about a role advising the board of the business on its future options. Last year Atom Bank raised nearly [...]
Labour’s Brexit ambiguity is costing them in the polls January 14, 2019 The Prime Minister told MPs yesterday that their decisions over Brexit will be judged by history, but we don't have to wait that long to get a sense of the voters' verdict. Journalists travelling the country in recent days have noted a surprising amount of support for Theresa May. Whether driven by sympathy, admiration or [...]
Theresa May tells MPs that history is watching ahead of crunch Brexit vote January 14, 2019 Theresa May issued a desperate plea for support for her Brexit deal ahead of an historic vote by MPs on Tuesday evening The embattled Prime Minister warned members across the Commons that the eyes of history were on them as she tried to salvage her deeply unpopular plan for how the UK should leave the EU. [...]
Brexit: What happens if Theresa May loses the vote on her deal? January 14, 2019 Theresa May’s Brexit plan looks set to be defeated by a huge margin in parliament on Tuesday. Despite her warnings that voting down the deal could place Brexit itself in jeopardy, scores of anti-EU Tories seem prepared to defeat the government when they march through the voting lobbies. While defeat seems a certainty, what comes [...]