Are job cuts on the horizon at struggling luxury giant Mulberry? November 19, 2024 Struggling luxury brand Mulberry has announced it will streamline and rebuild the business as its profit continues to fall, signalling possible job cuts. Mulberry told markets this morning that UK retail sales fell by 14 per cent in the six months to September 28. Sales in Asia fell 31 per cent, while group sales overall [...]
Informa: FTSE 100 events giant boosted by India and Middle East expansion November 19, 2024 Informa expects to hit already upgraded full-year guidance of over £3.5bn in revenue and £975m in adjusted operating proft.
Revolution Beauty struggles with excess stock as turnaround on horizon November 19, 2024 Revolution Beauty reported another drop in revenue after a tricky few years, although it is eyeing 2025 for a resurgence with its ‘core’ groups of brands. Group revenue fell 20 per cent, driven by the “planned simplification of the product portfolio and the discontinuation of unproductive SKUs [stock]”, Revolution said. It said revenue growth from [...]
Imperial Brands’ bet on e-cigarettes and ‘next generation’ products bears fruit November 19, 2024 Tobacco giant Imperial Brands has reported a dip in revenue despite double-digit growth in its electronic cigarettes division and growth in its traditional tobacco division. The company told markets this morning that net revenue from tobacco and ‘next generation’ products rose 4.6 per cent in the year ended September 30. Adjusted earnings per share rose [...]
Diploma: Shares in FTSE 100 distribution group amid warnings of ‘tougher environment’ November 19, 2024 The FTSE 100 distribution firm reported an adjusted operating profit of £285m, up 20 per cent on last year's £237m.
High Low Pairings: Fried Chicken November 19, 2024 It was the revered Château d’Yquem that first introduced me to the beauty of the high-low pairing when they served their premier sweet wine with KFC-style fried chicken. It was the taste sensation I never knew I needed, and I set out to discover what other fine wines would enhance the humble (but rightfully beloved) [...]
Harland & Wolff’s botched Scilly Ferries venture collapsed owing £3m November 19, 2024 Scilly Ferries was set up by the firm's former management, but it was ultimately wound down before a single voyage was made.
We can have our cake and eat it, says boss of London private jet hub November 19, 2024 London Biggin Hill Airport chief executive David Winstanley argues business aviation can decarbonise without slowing growth.
Retail bosses warn of £7bn cost burden after Budget November 19, 2024 UK retail bosses have written to the Chancellor to warn of the wide-ranging damage from the Autumn Budget on their sector, including “inevitable” job losses and price rises. In a letter coordinated by the British Retail Consortium (BRC), 79 signatories, including bluechip retailers Tesco, Next, and Greggs, said they had “significant concerns” about the impact [...]
Reynolds and economists warn of trade impact of US tariffs November 19, 2024 The business secretary has warned of a “significant moment for global trade” and predicted a “difficult conversation” with the US lies ahead, as economists predict a £20bn blow to Britain’s economy from Donald Trump’s tariff plans. Jonathan Reynolds warned the UK should avoid “speculating on how we should respond before there is something to respond [...]
