Lego builds on sales surge as profits hit £750m September 28, 2022 The Lego group revealed a 17 per cent surge in revenues in the first six months of the year as it beat expectations with net profit of DKK 6.2bn (£750m).
DX Group to bring back dividend policy after delivering bumper profits September 28, 2022 DX Group has confirmed the resumption of its dividend policy next year, following a hefty boost in revenues this year.
Citi swoops in for Credit Suisse veteran Jens Welter September 28, 2022 A top executive has quit his job at beleaguered bank Credit Suisse for Citigroup just nine months after being made co-head of global banking. Jens Welter ended his 27-year career with the Swiss bank where he became a top adviser, and will join Citi as the new co-head of European investment banking. He will also [...]
Boohoo revenue and profit struggles in first half of 2022 as expectations lowered September 28, 2022 Fashion retailer Boohoo struggled in the first six months of the year with a 10 per cent decline in revenue and a 90 per cent fall in profit before tax. The beleaguered retailer’s gross profits were down 13 per cent in the first six months of the year, compared to 2021, as the firm struggled [...]
Everyman loved by every man: Cinema posts ‘progress on all fronts’ as losses narrow September 28, 2022 Cinema group Everyman said it had seen “progress on all fronts” this morning after it shrank its pandemic losses and notched a jump in revenues to £40.7m in the six months to June.
Octopus Renewables continues buying spree amid market volatility September 28, 2022 Octopus Renewables Investment Trust has eased through market volatility to complete four acquisitions and grow its net assets.
Burberry creative chief Tisci steps down as Brit Daniel Lee takes over September 28, 2022 The creative brain behind iconic British fashion brand Burberry is set to step down from his role at the end of this month after five years at the helm, the firm announced today.
Food inflation hits highest rate ever recorded September 28, 2022 FOOD inflation surged to its highest rate on record since the index started in 2005, according to freshly published data. According to the British Retail Consortium (BRC) and NielsenIQ shop price index, food inflation hit 10.6 per cent in September, up from 9.3 per cent in August. For fresh food, inflation swelled to 12.1 per [...]
Britain’s dentistry woes are creating a health tourism boom for Turkey September 28, 2022 In Turkey, the health tourism sector is making a quiet killing from Britain’s failure to provide affordable dentistry.
It’s not just taxes holding Britain back, we need to be as investment friendly as the US September 28, 2022 Last week we were told to expect a “mini budget”, which, ironically, introduced the largest tax cuts since 1972. It provided the clearest outline of how Liz Truss plans to deliver her target for 2.5 per cent economic growth. The tax cuts, predictably, stole the headlines, but other, more granular changes for entrepreneurs slipped under [...]
