Boohoo takes £775m hit as auditor stands down October 20, 2020 Boohoo saw almost £775m wiped off its market value yesterday after the beleaguered fast fashion retailer said PwC was stepping down as auditor. Boohoo’s announcement that it was running a tender for a new auditor and that PwC would not take part in the process spooked investors, sending shares down 20 per cent to 254p [...]
H&M losses worsen as pandemic hurts sales June 26, 2020 Losses at H&M were slightly worse than expected in the second quarter as shopper activity slumped amid the coronavirus pandemic. The world’s second biggest fashion retailer said its loss before tax in the three months to May was 6.48bn Swedish crowns (£559.4m), against a profit of 5.93bn crowns a year earlier. Analysts had on average [...]
A New Look for high street retail? Here’s what matters in the Covid-19 world September 16, 2020 It has been what Sir Alex Ferguson used to call “squeaky bum time” for fashion retailer New Look these past few days. On Monday it was being reported that British Land and Landsec, two of the chain’s biggest landlords, were preparing to vote against the proposed company voluntary arrangement (CVA) which would have switched the [...]
Crypto AM Summit & Awards 2022 August 16, 2022 The third Crypto AM annual summit and awards returns to the spectacular 5-star Hotel Leonardo Royal St Pauls, London this November, featuring some of the cryptocurrency and blockchain world’s most prominent figures. Two days of discussion and debate, coupled with workshops and world-class networking, will culminate in one of the industry’s most glamorous and prestigious [...]
Markets Week Ahead November 28, 2022 Last Week After a slightly mixed week last week not providing much direction, or trading opportunities, we will hopefully get some more viable trade ideas in the coming week. The one big move we did have last week came from the oil market, and we are through the lows again to start the week. Ongoing [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
H&M revenues bounce after online focus, but logistics system dampens profits September 27, 2018 Swedish fashion brand H&M posted bumper revenues for the nine months to the end of August this morning, as third-quarter sales climbed amid the retailer’s efforts to ramp up its online shopping operations in the wake of persistent high street troubles. Revenues in the third quarter of 2018 climbed nine per cent to Skr64.8bn [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]
FCUK must reconnect with British shoppers in a saturated market October 10, 2018 On Monday, news emerged regarding high-street retailer French Connection. The brand announced that it may be up for sale, prompting shares in the fashion chain to rise 25 per cent to 55p. Following on from speculation last weekend, the firm said it was “reviewing all strategic options” – one of which is a sale. French [...]