Angling Direct shares rise as it reels in record sales in bid to tackle choppy retail waters April 23, 2019 The UK’s largest fishing equipment retailer has opened a new store and reported a record start to the year as it navigates the retail sector’s choppy waters. Angling Direct opened its 27th store in Nottingham over the Easter weekend, the first destination store in the city, with its trading update sending shares up by as [...]
AO World spends £15m on Brexit stockpiling as founder returns as CEO April 4, 2019 Electrical retailer AO World today warned investors it expects to take a £2.5m hit this year as it shakes up its management team in the wake of John Roberts’ return as chief executive. Read more: AO World’s chief executive departs with founder returning to the role The exceptional costs for the 12 months to the [...]
Five retail tips for small businesses worried about Brexit March 29, 2019 So much of the political debate over Brexit has focused on the impact on big business. The banks, multinational drug companies, carmakers, and other corporate pressure groups have been leading the conversation. But Brexit also impacts the hundreds of thousands of small businesses that employ most Britons and are the heartbeat of the economy. Read [...]
Montenegro 1-5 England: Ross Barkley and Raheem Sterling star but five-star visitors’ win marred by reports of racism March 25, 2019 For so long Ross Barkley has been defined by his potential, rather than his output for England. Tonight in Montenegro he finally delivered. It’s been a productive 2019 for the central midfielder, with his January 2018 transfer from Everton to Chelsea now paying off with a sustained run in Maurizio Sarri’s side. And after an [...]
ASOS and Bonmarche in share price collapse March 25, 2019 By Graeme Evans from interactive investor. Investors in these two high-profile retailers ran for the hills following the latest trading updates. While ASOS (LSE:ASC) and Bonmarche (LSE:BON) operate in two very different retail worlds, the pair have plenty in common from an investor viewpoint after their December profit warnings were followed by more disappointment last [...]
Chick-fix: Glencore offices raided over chickpea price conspiracy March 18, 2019 More than 25 Indian officials descended on the Mumbai office of Glencore at the weekend as authorities investigate alleged price fixing of one of the country’s vital commodities – chickpeas. The Competition Commission of India (CCI) is looking into claims that commodities traders at Glencore Agriculture, which is half owned by the Anglo-Swiss miner, conspired [...]
Reeling in the sales: Angling Direct posts surging revenue on back of international growth February 18, 2019 The UK’s largest fishing equipment retailer said this morning that it was forecasting a spike in full-year revenue, as the group ramped up its online operations and enjoyed a bump in sales from anglers in Germany, Russia and France. Angling Direct is expecting to post revenues of £42m for the 12 months to the end [...]
Better-than-expected January sales buck retail fears as discounts lure in shoppers February 15, 2019 Retail sales beat expectations in January, as shoppers seized on New-Year deals despite a wider slowdown in spending amid political uncertainty. According to new Office for National Statistics (ONS) figures which buck a recent trend of gloomy retail surveys, month-to-month sales volumes in the sector climbed one per cent during January, trumping consensus estimates of [...]
Sir Philip Green accused of sexual and racial abuse and making £1m payouts in exchange for silence February 9, 2019 Topshop billionaire Sir Philip Green paid a female employee £1m to keep quiet after she accused him of kissing and groping her, according to a report in the Daily Telegraph. The paper alleges that Sir Philip called the senior female member of staff a “naughty girl” and made comments about her weight. It reported that [...]
Supermarket sales boost consumer spending but high street woes continue February 5, 2019 Consumer spending returned to growth in January thanks to increased purchases of essentials, but high street retailers continue to feel the strain. Spending rose 2.9 per cent year-on-year last month thanks to a strong performance from supermarkets, which saw their highest rate of growth since April 2017 at 6.8 per cent, according to data from Barclaycard. [...]