SuperGroup’s share price soars 12 per cent as it shrugs off high street blues to post double-digit growth May 12, 2016 SuperGroup's share price soared more than 12 per cent in early trading, after reporting double-digit growth for the full year. The figures Group revenues at the SuperDry parent company rose 21.1 per cent to £589.5m for the full year to 23 April, with sales at the retail division climbing 24.5 per cent with "broadly equal contributions [...]
DMGT boss Martin Morgan to step down after 27 years May 12, 2016 The long-standing boss of Daily Mail and General Trust will step down at the end of this month, after 27 years at the tabloid paper group. Martin Morgan will retire as chief executive, simultaneously stepping down from the DMGT and Euromoney boards, from 31 May. He will leave the company from 30 June, and take on [...]
Sports Direct has extended its Debenhams put option May 12, 2016 Sports Direct International has extended its Debenhams put option by a year – meaning shareholders in Mike Ashley's retailer will continue to be concerned with the fate of the department store, whether they like it or not. Sports Direct entered into the original agreement with Goldman Sachs in 2014. The stake was built up to 16.6 [...]
Mitsubishi says it has enough cash to ride out its tests scandal May 11, 2016 Japanese car giant Mitsubishi has sought to reassure shareholders today, telling them it has enough cash to ride out the ongoing scandal over its misreported test data – while simultaneously warning there was worse to come. The company, which last month admitted it had lied about the fuel economy on four of its models – [...]
Highbury and Islington station evacuated after suspect package found on nearby bus May 11, 2016 Highbury & Islington station was shut during rush hour this morning after reports surfaced of a suspicious package on a nearby bus. An item of unattended luggage was found on the route 271 bus and police called to Holloway Road, north London at 8:39am, with specialist officers in attendance. Cordons were put in place as a [...]
Queen calls Chinese officials “rude” a day after David Cameron heard describing Afghanistan and Nigeria “fantastically corrupt” May 11, 2016 You wait months for a diplomatic incident and then two come along at once. Hot on the heels of embarrassing footage being released of David Cameron calling the leaders of Afghanistan and Nigeria "fantastically corrupt", the Queen has been caught on camera calling Chinese officials "very rude". The monarch, who was celebrating her 90th birthday at a [...]
Burst water main causes travel disruption at London Victoria May 11, 2016 A burst water main at Victoria train station was causing disruption this morning, affecting Southern Rail and Gatwick Express services. The incident, which is causing flooding in part of the major London station, has forced authorities to shut platform 13 during one of the busiest times of day. Network Rail warned that it was causing delays and [...]
Neil Woodford-backed estate agent Purplebricks on course for triple-digit full year growth May 11, 2016 Purplebricks Group, the hybrid estate agent backed by Neil Woodford, has said it expects full year growth to reach "some 445 per cent". The figures The group, which will release official figures for the full year to 30 April on 16 June, said revenues would come in at around £18.5m, giving it a triple-digit growth [...]
Barratt predicts “significant improvement” as help to buy boosts housebuilding May 11, 2016 Barratt is showing no signs of suffering from the slowdown in property sales, with the housebuilder today confidently forecasting "a significant improvement in performance for the full year" thanks to help to buy. The figures The 19 weeks to 8 May have been "strong", with total forward sales, including joint ventures, up by 9.7 per cent to £2,8bn. Net [...]
Northern Powerhouse: Businesses and government have a collective responsibility to end youth unemployment and close the skills gap May 11, 2016 With youth unemployment three times the national average, and businesses across all sectors citing the skills gap as one of the biggest barriers to growth, the talent pipeline is one of the most pressing issues facing England’s economy. It is for this reason that today’s announcement by the secretary of state for education, Nicky Morgan, of a new [...]
