Model railway brand Hornby narrows losses after putting brakes on discounting November 28, 2019 Model railway brand Hornby narrowed its losses in the first half of the year as the company ramped up full-price sales and put the brakes on discounting. The figures The company reported a loss after tax of £2.71m in the six months to 30 September, from a £3.23m loss the previous year. Read more: Hornby [...]
I would kill to be CEO of… Royal Mail November 28, 2019 Royal Mail has been struggling for a while. Shares are far below their 2013 floatation price, the company has fallen out of the FTSE 100, and it continues to face challenges as the decline in letter-sending accelerates. With that said, the business has managed to post a significant uplift in both half-year revenues and profits. [...]
It’s hard to juggle work and wellness – here’s how companies can help staff stay healthy November 27, 2019 I am stressed because of work. I have no social life because of work. I have no time because of work. I drink too much because of work. I am overweight because of work. How many of these sentences apply to you? It’s easy to blame work for all our problems, but it’s an inescapable [...]
Pub chain Marston’s sinks to a loss November 27, 2019 Pub chain Marston’s said today it made a loss of £20m in the last year, compared to a profit of £54.3m in 2018. The brewer said revenue for the year to 28 September grew to £1.174bn, from £1.141bn in 2018. It said profit before tax on an underlying basis slipped to £101m from £104m, but [...]
Traditional Christmas dinners ‘to cost more this year’ November 26, 2019 Buying a traditional Christmas dinner could set consumers back more than usual this festive season as issues with supplies have caused prices to increase. High summer temperatures has reduced the number of turkey eggs ,while flooding and rain have affected the supply of vegetables including Christmas dinner staples potatoes and Brussels sprouts. Read more: The [...]
Pets At Home profit jumps in first half as it eyes top-end full-year earnings November 26, 2019 Pets At Home’s share price surged in trading today after it posted a bumper profit increase and strong like-for-like sales growth for the first half of its financial year. Read more: Short sellers tail off at Pets At Home The figures The retailer enjoyed an 18.9 per cent year-on-year increase in underlying profit before tax [...]
China’s Sdic Power to list in London for up to £640m November 26, 2019 Leading Chinese power generation firm Sdic Power today confirmed that it would offer 10 per cent of its shares as global depositary receipts on the London Stock Exchange (LSE). Shanghai-listed Sdic is worth 57.92bn yuan (£6.4bn), which suggests that the offering could be worth up to £640m, according to a source familiar with the transaction. [...]
South Western Railway services to close early in December amid strikes November 25, 2019 Christmas parties across London will be scuppered next month, as late night train services face the chop amid 27 days of rail strikes. The strike, which begins next Monday, is on course to be the worst ever in the capital city, and will hit all services which run in and out of Waterloo, the busiest [...]
Germany on track for growth as confidence rises, says Ifo institute November 25, 2019 The German economy is set to grow by 0.2 per cent in the second quarter, the country’s Ifo economic institute has predicted, as executives became slightly more optimistic in November. However, it is too early to say the struggling German economy is turning around, with confidence falling in its important manufacturing sector, according to the [...]
Retail sales improve in run up to Christmas November 25, 2019 UK retailers saw sales improve in the year to November after six months of decline as high street stores gear up for the crucial Christmas trading period. Retailers reported largely unchanged sales volumes this month, driven by strong grocery sales, and the industry expects growth to return in the year to December. Read more: Shoppers [...]