Joules enjoys revenue bump as international market blossoms June 6, 2019 British lifestyle brand Joules enjoyed a double-digit rise in revenue over the last 12 months, as booming international demand helped the firm shrug off wider troubles in the retail sector. Read more: Joules lures in new CEO The fashion firm’s revenue jumped by 17.2 per cent to £218m in the year to 26 May 2019, [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Retail Sales Hit by Biggest Slump on Record June 4, 2019 Retail sales have taken a dramatic tumble in May, as already challenging retail conditions are set against a background of Brexit uncertainty. In total, sales for May declined by 2.7 per cent, the biggest drop since the British Retail Consortium (BRC) started the monthly survey 24 years ago. Britain’s retailers are warning that the decline [...]
Private bank Raphaels fined £1.89m for failures that left customers cashless on Christmas Eve May 30, 2019 Private bank Raphaels has been fined £1.89m for poor controls over its outsourcing arrangements. The 230-year old bank was fined £775,100 by the Financial Conduct Authority (FCA) and £1.1m by the Prudential Regulation Authority (PRA) in connection with the failings between April 2014 and December 2016. The weaknesses in its systems came to light on [...]
Investors given second chance to buy a piece of Star Wars May 30, 2019 By Rodney Hobson from interactive investor. This iconic brand has rewarded shareholders handsomely, and could do again, argues our overseas expert. Investors could be forgiven for thinking they had missed their chance to buy into The Walt Disney (NYSE:DIS) when the shares shot up 10% one April day, and then went on to set new [...]
Should you really sell in May and go away – What is the truth of the old stock market saying? May 30, 2019 There are many phrases used to try to capture trends or patterns that supposedly appear in the movement of share prices over the years. For example, the concept of a “Santa Rally” suggests that stock prices increase in the run up to Christmas. Yet one of the oldest such phrases is “sell in May and [...]
EU leaders tell UK the Brexit deal cannot be renegotiated May 28, 2019 EU leaders have ruled out any renegotiation of the Brexit deal as Theresa May once again called for MPs to compromise. Arriving for her final summit in Brussels on Tuesday, numerous leaders made it clear to May the proposal which has been rejected by the UK parliament three times was the only deal on offer. Outgoing [...]
London Stansted is the UK’s worst airport for flight delays May 28, 2019 Flights departing from UK airports were subject to delays of an average of 16 minutes last year, with London Stansted airport topping the list. Read more: Heathrow Airport sees April passenger numbers soar to 6.8m Planes leaving Stansted airport were delayed by 25 minutes on average in 2018, an analysis of Civil Aviation Authority data [...]
Tories and Labour in a spin after disastrous EU election results deliver victory to Nigel Farage May 27, 2019 Theresa May today lamented a "very disappointing night" for the Tories as voters deserted them in their droves for the Brexit party, the clear winner of the EU elections. May, who has pledged to step down as leader on 7 June, said she hoped the results would "focus minds" on finding a Brexit deal in parliament [...]
‘Exit on WTO terms is still a very real possibility’: City reacts to Theresa May’s resignation May 24, 2019 Business groups reacted today to the resignation of Theresa May as Prime Minister. The interim director of the Institute of Directors Edwin Morgan said: “To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities. “No deal [...]