Luxury retailers hit by Apple warning over Chinese slowdown January 3, 2019 Shares in luxury retailers have plunged after Apple blamed a Chinese economic slowdown for its worse than expected sales performance. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for its second revenue warning last night. Luxury retailers have subsequently suffered as analysts said investors [...]
Seven skills to help you beat the January blues January 3, 2019 The run-up to Christmas is full of bonhomie, parties and cheer, but the weeks afterwards can often seem empty and dreary, with months of winter still to get through. We’re all at risk of the blues, with that crucial third Monday of January – Blue Monday – being the worst day of all. So here [...]
Apple’s sales warning hits European stocks as it places the blame on China January 3, 2019 Apple sent shockwaves through global markets last night after it issued a second consecutive warning against its sales performance, causing suppliers' stocks, European markets and emerging currencies to spiral. Chief executive Tim Cook cut Apple's quarterly sales target late last night, blaming weak iPhone sales in China and fewer customers upgrading their iPhones in an open [...]
Army withdraws anti-drone equipment from Gatwick following Christmas travel chaos January 3, 2019 Military equipment installed at Gatwick to stop drones disrupting flights has now been removed, the Ministry of Defence (MoD) said today. The army was deployed to the airport shortly before Christmas to help bring an end to the saga that affected roughly 1,000 flights. Israeli-developed systems designed to jam drone signals were reportedly among the military-grade [...]
Next defies Christmas fears with online sales boost but outlook remains cautious amid Brexit uncertainty January 3, 2019 Next has opened the crucial post-Christmas trading update season by reducing its full-year profit expectations, but defied investor worries by increasing sales. The retailer said full-price sales for the festive period were up 1.5 per cent between 28 October and 29 December, in line with its expectations. Next reported a 14.9 per cent increase in online [...]
David Davis: May should postpone parliament’s Brexit vote again to stoke no deal fears January 3, 2019 Former Brexit secretary David Davis believes Theresa May should delay parliament’s vote on her Brexit deal for a second time in order to push Britain closer to a no-deal scenario, and to pile pressure onto MPs and the EU. Parliament was originally due to vote on May’s deal on 11 December, but the Prime Minister [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
German prosecutors drop insider trading probe into former Deutsche Boerse boss January 2, 2019 Former Deutsche Boerse chief executive Carsten Kengeter agreed today to pay €4.8m (£4.3m) to end an insider trading probe stemming from the botched merger with the London Stock Exchange. Prosecutors were investigating Kengeter’s purchase of €4.5m worth of shares in the German exchange in December 2015, two months before it announced it was in talks [...]
Greenwoods becomes latest retailer to close amid high street gloom January 2, 2019 Northern menswear shop Greenwoods has become the latest retailer to close its doors amid tough trading conditions on the high street. The Yorkshire-based chain, which was founded in 1860, has fallen into liquidation with the loss of more than 100 jobs, just 18 months after it was bought out of administration. A notice posted on [...]
Sajid Javid suggests those risking English Channel crossing are not ‘genuine’ refugees January 2, 2019 Home secretary Sajid Javid has questioned whether people who cross the English Channel to claim asylum in the UK are "genuine" refugees. Javid, who met Border Force guards during a visit to Dover, urged people not to risk their lives by making the journey from France and suggested that those who were tracked by the UK authorities [...]