City jobs market ‘in slow motion’ as Brexit uncertainty hurts banking sector March 19, 2019 The City jobs market has “gone into slow motion” as Brexit uncertainty hits confidence, according to recruitment firm Robert Walters. Read more: London salaries 2019: Which jobs will get you a pay rise? Job creation at big banks in London lagged behind other European cities last year, Robert Walters said. "Headcount at the world’s biggest [...]
Corbyn fails yet again to grasp the magic of competitive markets March 19, 2019 It is not the worst thing that Jeremy Corbyn has ever said. But it’s certainly one of the most revealing. A year ago, the Labour leader was explaining why he wanted to leave Europe’s Single Market while staying in the customs union – a stance memorably described by my fellow think tanker Kristian Niemietz as [...]
Bloomsbury hails bestsellers as it looks set to deliver on guidance March 19, 2019 Bloomsbury today said its 2018 results will live up to expectations as bestsellers such as Mary Pipher’s Women Rowing North helped bolster the company’s top line. Read more: Bloomsbury revenues rise as books buck the UK's retail downturn The publisher's special interest division, which includes non-fiction titles, was boosted by international bestseller In the Closet of the [...]
The Gym Group gets in shape with revenue and profit boost March 19, 2019 Low cost exercise chain the Gym Group said today it boosted revenue 35 per cent last year to £123.9m as it added 30 new gyms to its portfolio. The figures Statutory profit before tax for 2018 was £10m, up from £9.2m the year previously. Its shares rose nearly seven per cent to 216p in early trading. [...]
Digital advertising firm Ocean Outdoor posts profits boost amid expansion plan March 19, 2019 Out-of-home advertising firm Ocean Outdoor has posted double-figure revenue and profit growth after a year of rapid expansion. Read more: Ocean Outdoor snaps up Dutch ad agencies for €51m The figures Revenue rose 15.2 per cent to £62.2m in the 12 months to the end of December. Gross profit increased 13.8 per cent to £25.2m. [...]
Bonmarche shares collapse as it warns investors of £6m loss March 19, 2019 Bonmarche’s share price crashed by as much as 30 per cent this morning as it issued a fresh profit warning, telling investors to expect a full year loss of up to £6m. Read more: Christmas sales slump at Bonmarché The chain had guided to up to a £4m loss, but now expects to lose between £5m [...]
Andover fire burns revenue at Ocado March 19, 2019 Ocado’s Andover factory fire will hurt first quarter sales, the retailer warned today, adding that it will continue to impact sales in the months to come. The three-day blaze destroyed one of Ocado’s flagship robotic distribution centres and sent shares down 12 per cent in early February. Today the firm revealed revenue grew 11.2 per [...]
Former Carillion man takes the reins at embattled Kier Group March 19, 2019 The man who was once named the new leader of Carillion has taken the reins at Kier Group, the construction firm confirmed this morning. Andrew Davies, appointed Carillion’s new chief executive just months before it went out of business, will take up his new role form 15 April, Kier said. Read more: Embattled outsourcer Kier's net debt [...]
No, you’re not ‘innovative’ – you’re lazy March 19, 2019 Companies are engaged today in what can only be described as the wholesale destruction of meaning. They overwhelm us with dreary, overused platitudes that serve only to obscure the messages that they are trying to communicate. So why is it that companies continue to hark on endlessly about their innovative solutions, unique insights, enhanced experiences, [...]
MPs warn consumers against using ticket reseller Viagogo March 19, 2019 Viagogo has suffered a fresh public setback this morning, with a group of politicians hitting out at the controversial ticket reseller less than a month after it was dealt a blow by Britain’s competition watchdog. In a stinging report released today by an influential parliamentary committee, MPs have warned customers against using Viagogo’s website, saying [...]