888 Holdings’ finance chief steps down after 15 years January 14, 2020 The finance chief of 888 Holdings is set to step down after 15 years with the gambling company. The online betting platform announced this morning that Aviad Kobrine will leave his role as chief financial officer this year. Read more: 888 Holdings reports first half profit dip Kobrine, who joined the firm in 2004 and [...]
Just Eat buyer Takeaway.com’s orders soar in fourth quarter January 14, 2020 Takeaway.com, the Dutch food delivery platform that has been cleared to buy British firm Just Eat for £5.9bn, reported that orders soared in the fourth quarter of the year. The company, which received shareholder backing to acquire Just Eat last week, said orders were up 56 per cent to 46,576, driven by growth of 137 [...]
DFS sales slump but retailer reassures on profit January 14, 2020 Furniture retailer DFS reported a dip in sales in the second half of the year following “subdued” trading in August and September. The company said gross sales were down six per cent in the 26 weeks to 29 December, “reflecting a challenging consumer environment”. Read more: Sofa retailer warns fewer house sales will impact trading [...]
Department store Beales in crisis talks to stave off collapse January 13, 2020 Struggling department store chain Beales is in crisis talks with potential buyers in an effort to stave of a collapse that could cost hundreds of jobs. The talks come after the Bournemouth-based firm yesterday filed notice of its intention to appoint administrators to step in as a last resort if the firm cannot cannot be [...]
UK housing stock hits record value of £7 trillion January 13, 2020 The UK’s housing stock has reached a record value of £7.39 trillion, according to the latest research. Total gains last year hit £101.8bn – growth of 1.4 per cent – and the value of housing across the UK has increased by £2.74 trillion in the last 10 years. Read more: New build homes drive UK [...]
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 [...]
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 [...]
Harrods security guards vote on strike action January 13, 2020 Harrods security guards have begun to ballot for strike action today following a dispute between union members and management over pay. Members of Unite will decide whether to launch industrial action over a below inflation pay rise and unpaid work. Read more: Man charged with murder for fatal Harrods stabbing The union said members are [...]
City Pub Group warns 2019 profit will miss expectations January 13, 2020 The City Pub Group this morning warned that 2019 profit will fall short of expectations after “one-off factors”, including political uncertainty and strikes on London commuter train services, impacted performance over the Christmas trading period. The firm’s share price fell more than eight per cent this morning after it announced that earnings before interest, tax, [...]
Savills’ sales ‘resilient’ despite Brexit and Hong Kong protests January 13, 2020 Estate agent Savills said sales were resilient last year despite political uncertainty related to Brexit, adding that the UK market picked up following Boris Johnson’s election victory. In a trading update this morning the company said full-year results will be at the upper end of expectations following an “excellent performance” in the UK, growth in [...]
