Tory mayoral candidate Shaun Bailey slammed for ‘disappointing’ comments on multiculturalism October 3, 2018 A 2005 pamphlet written by the Tory pick for London mayor Shaun Bailey has emerged in which he said multiculturalism "robs Britain of its community". In the pamphlet, written for the Centre for Policy Studies (CPS) thinktank, Bailey argues that accommodating Muslims and Hindus would turn Britain into a "crime-riddled cess pool". Bailey, who grew up in a [...]
Ryanair says it wants to hatch a deal with striking unions by Christmas October 2, 2018 Budget airline Ryanair said it hopes to settle its dispute with unions that have shadowed its summer schedule by Christmas. Chief marketing officer Kenny Jacobs told reporters in Madrid that the airline wanted to have agreements in place with crew and pilots by Christmas, with the view to implementing them next year. He said Ryanair has [...]
Revolution Bars shares fall as firm serves up operating loss in full-year results October 2, 2018 Revolution Bars slipped to an operating loss in its full-year results due to exceptional costs caused by "factors outside the company's control". The update hit the company's shares in early trading, as they opened four per cent down in early trading. The figures For the year up to 30 June 2018, like-for-like sales fell 0.6 [...]
Selfridges posts record operating profit as investment programme pays off October 1, 2018 A major revamp has helped Selfridges increase sales by 11.5 per cent year-on-year, as operating profits rose to a record £181m for its latest financial year. The department store is now in the final 12 months of its four-year £300m investment programme, transforming its London store and increasing its digital capabilities. Read more: Analysts warn of Debenhams [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
Not feeling capital: Debenhams faces growing cash reserve woes as credit insurer scraps cover to suppliers September 30, 2018 Embattled department store chain Debenhams suffered a fresh blow today as one of its leading credit insurers turned off the tap for cover provided to the retailer’s suppliers. Insurance provider Atradius is pulling its entire credit cover for Debenhams’ suppliers, amid fears about the future of the historic retail giant in the run-up to Christmas. [...]
Business secretary Greg Clark orders competition watchdog to carry out review of audit sector September 29, 2018 Business secretary Greg Clark has ordered the competition watchdog to carry out a sweeping review of the UK's audit sector. In a year when the Big Four audit firms have been hit by numerous scandals, Clark has told Andrew Tyrie, head of the Competition and Markets Authority (CMA) to carry out the review into competition in [...]
Model maker Hornby on track to meet targets despite drop in sales September 26, 2018 Model train maker Hornby told investors its trading outlook was staying on track this morning, despite a drop in sales over the last six months. Ahead of its annual meeting later on today, the company gave a trading update – saying its decision to slow discounting has led to lower sales. However, it said not slashing [...]
The story behind the steady rise of ethical homeware and why it’s the next frontier in sustainable shopping September 25, 2018 Did you know that the global fashion industry is on track to consume over a quarter of the world’s annual carbon allowance by 2050? Stella McCartney does and she’s been travelling the world with sailing wonderwoman Dame Ellen MacArthur shouting about it for the last couple of years now. Perhaps that’s why so many [...]
Profit on the cards: Card Factory sees profits rise despite fall in like-for-like sales September 25, 2018 Card Factory hailed a double digit rise in profit today as it was boosted by record sales for Valentine’s Day, Mother’s Day and Father’s Day. Read more: Heatwave hit retail footfall figures in August The figures The high street retailer saw pre-tax profit grow 17.2 per cent year on year to £27.2m for the [...]