Games Workshop posts best ever results July 30, 2019 Games Workshop posted record-breaking results for the third consecutive year this morning after seeing revenue and profits soar. The figures Revenue in the 12 months to 2 June this year was £256.5m, up from £221.3m last year. Profit before tax was £81.32m, rising from £74.2m the previous year. The games retailer reported that earnings per [...]
US economic growth falls short of Trump’s target July 26, 2019 US economic growth last year fell short of the Trump administration’s three per cent target, potentially sparking renewed criticism of the government’s $1.5 trillion tax cuts. Gross domestic product grew at a rate of 2.9 per cent in 2018, the US Department of Commerce announced today. Read more: US economy adds just 75,000 jobs in [...]
UK car industry tells Boris Johnson no-deal Brexit ‘not an option’ July 26, 2019 Representatives for the UK car industry have warned Prime Minister Boris Johnson that a no-deal Brexit is “not an option”. In an open letter to the new Conservative Party leader the Society of Motor Manufacturers and Traders (SMMT) said Johnson must help ensure that the sector “continues to enjoy preferential trade with critical markets around [...]
Man arrested at Gatwick Airport on suspicion of terrorism July 26, 2019 Police arrested a man on suspicion of terrorism offences at Gatwick Airport earlier this week. Officers arrested the 51-year-old man at about 7:40pm on Wednesday evening on suspicion of preparation of terrorist acts. Read more: Only one in five businesses has insurance against terrorism The Metropolitan Police’s Counter Terrorism Command detained the suspect after conducting [...]
Superdry completes board line-up after exodus July 26, 2019 Superdry has filled the final two board positions left vacant after the reappointment of founder Julian Dunkerton sparked a mass exodus earlier this year. The retailer announced today that Georgina Harvey, who sits on the board of William Hill, McColls Retail Group and Big Yellow, has been appointed non-executive director and will chair the firm’s [...]
Patisserie Valerie appoints administrators for Grant Thornton probe July 26, 2019 Patisserie Valerie’s creditors have appointed new administrators to probe the cafe chain’s auditor Grant Thornton. FRP Advisory will take over from KPMG after the financial services firm said it could not investigate Grant Thornton due to a conflict of interest. Grant Thornton audits KPMG’s accounts. Read more: Patisserie Valerie overstated financial position by £94m The [...]
Foxtons sales suffer in London property market downturn July 26, 2019 Sales at estate agents Foxtons suffered in the first half of the year due to a downturn in the London property market. The figures Group revenue declined by 3.5 per cent to £51.1m and losses deepened from £2.5m in the first half of 2018 to £3.2m this year. Revenue in Foxton’s letting business was flat [...]
TSB returns to growth after IT meltdown July 26, 2019 TSB announced it has returned to growth following a computer system meltdown that left millions of customers unable to access their accounts. The figures Statutory profit before tax in the first half of the year was £21.1m, compared to a loss of £107.4m in the first six months of 2018. Total customer deposits increased by [...]
Capco demerges Covent Garden and Earl’s Court businesses July 25, 2019 Property development firm Capital & Counties (Capco) has confirmed it will separate its Covent Garden business from its troubled Earl’s Court development, which has dropped in value. The company announced today that Covent Garden London and EC Properties will stand alone as two separately listed businesses. Read more: Capco investment boss to quit as demerger [...]
Retail sales decline for longest stretch in eight years July 25, 2019 Retail sales have fallen for the longest period in eight years, new research has revealed, in the latest sign of gloom on the high street. Sales volumes fell for the third consecutive month in the year to July, marking the longest decline since 2011, according to the latest CBI monthly Distributive Trades Survey. Read more: [...]
