WH Smith hit by cyber attack as hackers gain access to private company data March 2, 2023 WH Smith has been hit by a cyber attack that has resulted in hackers gaining access to private company data. The stationary store and book seller, which has over 600 high street shops in the UK, said it has launched an investigation into the attack. The retailer said however, that customer data was not affected [...]
Flutter: US bet pays off as gambling firm revenues rack up to £7.6bn March 2, 2023 The gambling business behind Paddy Power and Betfair saw its sales soar this year as the group gained huge momentum in the US. Flutter Entertainment said it was continuing to go from “strength to strength” in the US market as it saw revenues reach £2.6bn in the year ending 2022. The London-listed group which operates [...]
Taylor Wimpey profits up nearly 22 per cent at £827m as builder notes signs of housing market ‘improvement’ March 2, 2023 Taylor Wimpey said it “acted quickly” to address rapidly changing market conditions, as the London-listed construction group reported 3.2 per cent year-on-year growth in revenue to £4.4bn during the year ending 2022. The group reported pre-tax profits of £827m, a rise of 21.8 per cent from £678m in the same period last year. As inflation [...]
Selfridges plays down £1.7bn debt concerns saying it is ‘very confident’ about year ahead March 1, 2023 The owners of Selfridges have said they are “very confident” about the outlook for this year as it sought to play down reported concerns that its debt pile, worth over £1.7bn, could cause problems for the luxury department store. The Telegraph reported that the Thai and Austrian owners of Selfridges have laden the firm with [...]
Housing market: Shares in FTSE 100 house builders tumble as outlook weakens March 1, 2023 Investors are shying away from pumping their funds into the residential market after figures from the Bank of England show that mortgage approvals for house purchases plummeted to the lowest level since the 2008 financial crash.
Durex and Lysol owner Reckitt sees revenue top £14bn as consumers continue to choose branded medicine over generic ‘cheaper’ drugs March 1, 2023 Durex owner Reckitt Benckiser has said it was entering the year as a “strengthened business” after reporting a strong sales increase for the year led by its nutrition business. The UK company, which also owns other brands including Dettol, saw net revenue growth for the year up 9.2 per cent to £14.45bn. Revenues in its [...]
Persimmon warns of housing market uncertainty despite £200m revenue hike March 1, 2023 Persimmon Homes reported a an increase in revenues during the full year ending December 2022, but admitted the UK housing market “remains uncertain”. The London-listed house-building company saw its revenues increase by £.3.8bn, from £3.6bn the previous year. Underlying operating profit jumped four per cent year on year to over £1bn, from £973m in 2021. [...]
Food inflation reaches 14.5 per cent and looks set to remain high, new data reveals March 1, 2023 Food inflation reached a staggering new high of 14.5 per cent in February, according to new data, with retail groups predicting that prices will continue to rise over the coming months. While inflation more broadly has started to come down, food inflation soared to 14.5 per cent in February, up from 13.8 per cent the [...]
B&M to close four more stores but warns it has ‘nothing to do’ with diminishing high street February 28, 2023 B&M is closing more stores across Britain in the coming weeks, however the discount retailer has warned that it is “nothing to do with the diminishing highstreet”. The retailer, which sells home goods and electronics, will close four stores in total across the UK – having previously announced the closure of two sites. According to [...]
Dalata Hotels’ share price soars after its revenues reach new highs February 28, 2023 Dalata Hotels have seen its share price soar 6.5 per cent this morning at 367 pence after the group saw its revenues reach their highest level since formation. The Irish hotel chain, which launched in 2007, saw its revenues reach €500m (£440m) for the first time since trading in FY22 , as the group continues [...]