Joules shares plummet on profit warning January 10, 2020 Fashion retailer Joules warned profits will fall below expectations today after a challenging Christmas period, triggering a plunge in its shares. The company expects annual pre-tax profits to be “significantly” lower than a forecast £16.7m due to supply chain issues. Read more: Superdry warns profits could hit zero months after Dunkerton’s triumphant return Joules saw [...]
B&M share price tumbles on slow Christmas sales growth January 10, 2020 Discount chain B&M’s share price has fallen by more than eight per cent this morning after a trading update reported a challenging Christmas period. The company said like-for-like sales for the 12 weeks leading up to 28 December had increased by 0.3 per cent. Read more: Selfridges’ Christmas sales boosted byt vegan food and toys [...]
Selfridges’ Christmas sales boosted by vegan food and toys January 10, 2020 Selfridges enjoyed a five per cent growth in sales in the 24 days leading up to Christmas fueled by increasing demand for vegan food. The department store saw growth of 96 per cent in vegan confectionery sales, while a newly-launched vegan hamper sold out. Read more: Selfridges to open permanent cinema on Oxford Street The [...]
Ryanair’s €1bn profit upgrade lifts rival airlines’ shares January 10, 2020 Ryanair profit upgrade today on better-than-expected Christmas traffic has lifted competitors’ shares on the FTSE as well as its own. Ryanair’s stock rose 6.6 per cent to €16.23 as it raised full-year profit guidance to beyond €1bn (£850m) after saying Christmas and New Year bookings were “stronger than expected”. Read more: Ryanair’s ‘abusive’ hand luggage [...]
Superdry shares plunge as it warns profit could hit zero January 10, 2020 Superdry witnesses its stock plummet in early trading today after issuing a dramatic profit warning on the back of underwhelming sales over its peak Christmas trading period. The fashion retailer now expects underlying profit before tax to range up to £10m, but warned it could vanish altogether after booking “lower than anticipated” retail sales of [...]
Lidl sales grow 11 per cent over Christmas period January 10, 2020 Lidl UK saw an 11 per cent increase in sales over the Christmas period, outshining bigger supermarket rivals, its latest trading update revealed today. The German discount supermarket group said it was the fastest growing bricks and mortar supermarket over the four weeks ending 29 December. Read more: Lidl sales help it hit record stake [...]
This Veganuary, I’m trusting people to eat what they want January 10, 2020 Welcome to January, the month of new year’s resolutions. Dietary transformation has always been central to the post-Christmas madness — eating “better” is probably the most cliched resolution there is. But whereas this used to be framed primarily in terms of weight loss, with fads like intermittent fasting and protein shakes taking centre stage, in [...]
Reinvigorating the regions is crucial for the whole of our country January 10, 2020 The Prime Minister had victory to savour on holiday in Mustique, and when he returned foreign policy was very much top of the agenda, with the escalating tensions between Iran and the US. But if Boris Johnson is to remain in power for a decade, he must not take his eye off the ball domestically [...]
David Pipe on his runners across the country over the next few days January 9, 2020 MANY of you may have noticed that we haven’t had that many runners of late and have very few entered up over the coming days. The reason for that is this is the time of year we vaccinate our horses and we just give them an easy time in the immediate aftermath. It’s still been [...]
Marks & Spencer shares slip as clothing underperformance weighs on Christmas trading January 9, 2020 Marks & Spencer’s Christmas performance was weakened by poor sales in its menswear business, after the retailer ordered too many skinny jeans in the wrong sizes. The high street chain said it over ordered skinny and slim-fit mens’ trousers, under-bought regular fit jeans and had too many small sizes and not enough medium and large. [...]