Procook: Kitchenware brand serves up ‘pleasing’ results October 16, 2024 Kitchenware brand Procook offered a “pleasing” set of quarterly results, analysts said, as the group delivered a fifth consecutive quarter of retail growth. Procook’s revenue jumped to £17m in the quarter, an 8.8 per cent increase from the previous year, thanks largely to a 12 per cent increase in Ecommerce sales. However, the larger retail [...]
Boots: Online and makeup sales boost earnings ahead of Christmas October 15, 2024 High street pharmacy chain Boots has said a surge in sales online and for makeup helped increase its turnover during its latest financial year. The Nottingham-headquartered company has revealed its year-on-year turnover increased by 6.9 per cent in the 12 months to 31 August, 2024. During its final quarter, its retail sales rose by 6.2 [...]
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears October 14, 2024 Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]
Revolut takes on Square and SumUp with payment terminal for larger businesses October 14, 2024 Fintech giant Revolut is stepping up its challenge to the likes of Square and SumUp with a new payment terminal for larger businesses and retailers.
The Capitalist: Tory Conference; sex in the City; matters of quizness October 3, 2024 Dispatches from Tory Party Conference, recruitment turns steamy and more: catch up on the latest City gossip in The Capitalist.
The Telegraph streamlines ownership structure as sale nears a close September 30, 2024 The Telegraph’s ownership structure has been streamlined as bidders for the prestigious London-based publication prepare for a final decision within the next two weeks. In a memo to staff on Monday, Telegraph Media Group boss Anna Jones also confirmed the sale process is advancing, with multiple second-round bids received, Sky News reported. RedBird IMI, the [...]
Premiership rugby: Saints stunned, Cheika heist and TV deal September 22, 2024 England’s domestic rugby league got under way at the weekend and already there have been shocks, surprises and a couple of predictable outcomes. There’s a new coach at Leicester Tigers in former Australia boss Michael Cheika, and a host of new stars across the 10-team Premiership to look forward to across the season, but what [...]
Retail sales smash expectations despite a drop in consumer confidence September 20, 2024 Retail sales in the UK blew past expectations in August, climbing to their highest level since July 2022, according to the Office for National Statistics (ONS). Sales were up one per cent compared to the previous month, beating analysts’ predictions of a 0.4 per cent rise. The increase builds on July’s return to growth, which [...]
Government accused of trying to hide ‘horrific’ impact of winter fuel squeeze September 14, 2024 Sir Keir Starmer’s government faced accusations of trying to hide from the “horrific” impact of the decision to strip winter fuel payments from millions of pensioners. More than 80 per cent of people aged 80 and over will lose out, as will more than 70 per cent of pensioners. Even among those who should still [...]