Chelsea manager Maurizio Sarri has chosen a dangerous time to gamble on his criticism provoking a positive reaction January 20, 2019 Conventional wisdom dictates that football managers shouldn’t criticise their players in public. Point out their flaws, tear strips off them and give them the hairdryer treatment behind closed doors, but in front of the cameras it’s generally regarded as counter-productive. Maurizio Sarri has never been one for convention, though. The Chelsea manager, who had a [...]
Profit warnings by UK retailers at the highest level since Global Financial Crisis January 20, 2019 The number of UK retailers issuing profit warnings reached a ten year high last year as the sector endured a torrid twelve months, according to data from accounting giant EY. Data showed that 38 per cent of FTSE general retailers issued profit warnings in 2018, a 50 per cent increase on the previous year and [...]
US stocks jump on renewed optimism of an end to the China trade war January 19, 2019 US stock indexes were up on Friday as Wall Street made its fourth successive week of gains, while the dollar also had its first positive week in a month. It comes on the back of renewed hope that the US-China trade war could be nearing its conclusion. Stocks jumped on news that China were considering [...]
Poor trading over Christmas period dulls Tiffany and Co’s outlook January 18, 2019 Luxury US jeweller Tiffany and Co has become the latest retailer to suffer in a global downturn as it reported a decline in sales over the Christmas period. Worldwide net sales declined one per cent to $1.04bn and like for like sales were down two per cent for the two months ending 31 December. Read [...]
Shopping centre put up for auction for £1 as retail sector looks to a challenging 2019 January 18, 2019 Worries on the high street were compounded this morning as a Scottish shopping centre was put up for sale for a solitary pound. The Postings Shopping Centre in Fife boasts a pharmacy, a bakery and a cafe over 80,618 sq ft. Read more: Retail sales fall as 'suffocating' Brexit uncertainty envelopes UK high streets However it [...]
Toy retailer The Entertainer posts bumper sales growth in Christmas trading January 18, 2019 The Entertainer toy group has reported strong sales growth over the Christmas period despite retailers facing the most challenging festive trading season in a decade. The family-owned retailer, which sells online and through its stores, said sales for the five weeks to 29 December were up 22.4 per cent on the same period in the [...]
Slippers and sleep: Mattress founder saves Mahabis from administration January 18, 2019 Mahabis, the self-styled “Nike of downtime”, has been saved by a similarly cCHILL retailer – the owner of mattress maker Simba Sleep. Founder James Cox’s investment boutique YYX Capital has snapped up Mahabis’ assets, after the luxury slipper retailer fell into administration over Christmas. Read more: Mahabis drops into administration after mounting debts Founded by trained [...]
Peppa Pig goes big at Christmas, boosting Character Group figures January 18, 2019 Peppa Pig is having a good day in the City as toymaker the Character Group reported positive momentum from the second half of last year has carried into 2019. The AIM-listed group – which owns rights to several popular brands, including Pokemon, Little Live Pets and Laser X – weathered a storm on the high [...]
Horse Racing Betting Tips: Wakanda can streak to victory at Haydock for in-form Smith January 17, 2019 BREAD and butter, rhubarb and custard, bacon and eggs; some things just go well together. You can say the same about Sue Smith and Haydock. In the past five seasons, the 2013 Grand National-winning trainer has had 73 winners at the Lancashire track. If you’d had £1 on all of her runners there, you’d be [...]
N Brown sales slide in wake of ‘challenging’ Christmas January 17, 2019 Shares in plus-sized fashion group N Brown slumped more than eight per cent this afternoon after the e-commerce giant became the latest retailer to report a fall in sales over the Christmas period. Growth in online trading was offset by a slump in its traditional catalogue-focused arm, with revenue in N Brown’s mail-order catalogue brands, [...]