Superdry warns on profit as Dunkerton vows to ‘stabilise’ retailer May 9, 2019 Superdry warned investors today that full-year profit is likely to miss expectations, as founder Julian Dunkerton vowed to “stabilise” the situation at the struggling fashion brand. While global revenue grew 3.6 per cent year-on-year in the retailer’s fourth quarter, it warned that underlying profit before tax is “likely to be below the range of market expectations”. Read [...]
National Express revs up sales growth as it hits the road for Silicon Valley May 9, 2019 National Express accelerated revenues in the first three months of its new financial year as it prepares to take a 60 per cent stake in Silicon Valley’s shuttle service in an $84.3m (£64.5m) deal. Read more: Facebookers prepare to take the bus as National Express buys shuttle stake The coach company saw group revenues rise [...]
Italian choir mistakenly sings Franco-era national anthem to the King of Spain May 8, 2019 It must quickly have become apparent to Italy why Spain’s national anthem has no lyrics. Read more: This is what British people want the national anthem to be As the King of Spain Felipe VI and king emeritus Juan Carlos were heralded by a choir of Italian schoolchildren earlier this week, it quickly became apparent [...]
Purplebricks beaten black and blue as shares sink again after CEO departure May 8, 2019 Purplebricks’ shares plummeted almost 11 per cent today in the wake of its chief executive’s resignation and admission it has expanded too quickly. Read more: Purplebricks shares drop after founder steps down The online estate agent’s share price dropped 11.9 per cent yesterday to 119p as the news broke that Michael Bruce was stepping down [...]
UK house prices: Experts warn of ‘volatile’ UK housing market after sharp April growth May 8, 2019 Experts today warned that volatility is affecting the UK housing market as Halifax recorded a sharp annual jump in house prices in April. Read more: UK house prices suffer fifth month of Brexit-hit growth UK homes are now worth an average £236,619 following the stark five per cent rise for the three months to April, [...]
Glass half empty? Wetherspoon shares fall as sales slow and net debt creeps up May 8, 2019 Wetherspoon insisted it is on track to hit full-year targets today despite net debt creeping up and sales growth slowing after a wage hike hurting profits in the first half of its financial year. Read more: Wetherspoons profits slide as cost increases kick in The pub chain did not mention profits in today’s trading update, [...]
KPMG stung with £5m fine for Co-op Bank audit failures as breakup talks roll on May 8, 2019 KPMG has been hit with a £5m fine for misconduct relating to an audit of Co-op Bank. Audit partner Andrew Walker was also fined £125,000, with both “severely reprimanded” by the Financial Reporting Council (FRC). Read more: Watchdog slaps KPMG with £6m fine over insurance audit The Big Four audit giant and Walker admitted their [...]
‘Dangerous individuals’: Facebook bans far-right figures over hate speech May 3, 2019 Facebook is banning several far-right figures it has labelled “dangerous individuals” in an attempt to quell the spread of hate speech across its platform. The social network said former Breitbart News editor Milo Yiannopoulos, Info Wars host Alex Jones, and Info Wars’ UK editor Paul Joseph Watson are all excluded from the site. Read more: [...]
Brexit bites: Tories and Labour suffer local election backlash amid deadlocked negotiations May 3, 2019 Voters expressed their frustration with Theresa May’s Conservative party and Jeremy Corbyn’s Labour at the ballot box yesterday, it has emerged, as results continue to pour in across the UK. So far both major parties have accepted they have suffered a backlash over gridlocked Brexit negotiations, with representatives having made little progress in cross-party talks. [...]
Making bank: HSBC profits soar past expectations but it warns of global economy risks May 3, 2019 HSBC hailed rocketing profits for its first quarter today as it also sounded a warning over risks to the global economy. Read more: Metro Bank's shares in meltdown after profits halved The figures Reported profit before tax rose 30.7 per cent to $6.2bn in the three months to the end of March, the bank revealed. [...]
