“Stay at home” stocks tumble as global covid restrictions ease January 24, 2022 “Stay at home” stocks that boomed during the pandemic have slumped since the start of the year in a sign that investors and economies are beginning to shake off habits picked up through covid lockdowns. Shares in Netflix and Peloton were among the biggest fallers last week as bosses cut back growth projections and warned [...]
Drawing crypto comparisons from a 60s French film and inspiration from Brentford January 21, 2022 Monty is watching everyone stare at their shrinking crypto portfolios and scrambling to buy land now that inflation is back.
Wincanton continues to reap rewards of pandemic-era eCommerce boom January 20, 2022 Supply chain partner Wincanton has continued to reaped the rewards of the pandemic-era eCommerce boom, after revenue from the eFulfilment sector has soared over 50 per cent. Total revenue for the group rose by 15 per cent, in comparison with the same quarter last year, Wincanton confirmed in its third quarter trading update today. The [...]
Patagonia boss calls on businesses to ‘justify’ sustainability claims January 16, 2022 Patagonia’s boss has once again slammed businesses for greenwashing, a practice which sees companies inflate their sustainability to lure in consumers. The outdoors retailer, which has been making fleeces from recycled bottles since the 90s, in 2011 issued a full-page advert in the New York Times urging customers to rethink their Black Friday purchases, even [...]
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
UK bricks and mortar sales have stronger-than-expected November, but Omicron threatens festive figures December 17, 2021 Black Friday deals on toys, clothes and tech pushed UK retail sales up by a better-than-expected 1.4 per cent in November, as shoppers hit the high street for their early Christmas shopping, the Office for National Statistics said today. Last month’s UK retail sales figures were 4.7 per cent higher than a year earlier, the [...]
Funding crisis: PM Boris Johnson slams City Hall for creating TfL’s ‘black hole’ December 15, 2021 Prime Minister Boris Johnson has accused London mayor Sadiq Khan of creating Transport for London’s (TfL) financial “black hole.” “What happened is the Labour mayor of London embarked on a reckless unfunded fares policy that left a huge black hole in TfL’s finances,” Johnson said during PMQs. Responding to accusations made by Labour MP Ruth [...]
In The Style profitability hit by supply chain disruption but fashion firm ‘confident’ in growth plans December 15, 2021 Fast fashion firm In The Style said its profitability took a hit thanks to supply chain issues as well as more shoppers returning clothes this year. The womenswear reported a drop in profit before tax, standing at £0.9m, in interim results for the six months ended 30 September. This is down on the £1.8m posted [...]
Labour shortages trigger ‘below expectations’ Black Friday for lifestyle retailer Joules December 14, 2021 Labour shortages led to a Black Friday performance below expectations, according to lifestyle group Joules. Global supply chain challenges led to “some higher costs and stock delays,” while labour shortages in a third-party operated distribution centre caused “extended” delivery times. “These factors were particularly acute in November, including the Black Friday period, which alongside weaker [...]
Nexus Infrastructure rebounds from pandemic and returns to profit December 10, 2021 Nexus Infrastructure has rebounded from challenging pandemic conditions, with revenues rising to £137m in its latest results.