City centre pubs enjoy boost from returning office workers September 23, 2021 City Pub Group has reported robust half-year sales at above 90 per cent of pre-pandemic levels, with returning workers driving sales at city sites this month. The group – which operates some 50 pubs in London and market towns – managed to break even by June, despite the period not covering sporting tournaments including Wimbledon [...]
JD Sports first-half profit jumps after post-lockdown demand September 14, 2021 Sportswear retailer JD Sports Fashion has reported record earnings for the first half thanks to strong demand for sportswear. However, the company withheld its interim dividend and made the suggestion of a “larger full year dividend” instead. JD Sports said it had been limited by supply chain disruption, meaning it had struggled to meet demand [...]
FTSE 100 and 250 fall flat as mining stocks drag September 14, 2021 The FTSE is down 0.48 per cent today at 7,034.42, falling by 33 points compared to yesterday’s close as mining stocks spurred losses. Industrial and energy mining companies dragged the index down. Evraz is down 4.12 per cent, Anglo American PLC shed 3.1 per cent while mining giant BHP dropped 2.6 per cent. Amid continued [...]
Brexit hit: Stephen Rubin’s Pentland moves to Ireland September 12, 2021 Citing Brexit, the chairman of Pentland Group has relocated overseas according to The Times, who first reported the news. Stephen Rubin was Britain’s biggest taxpayer three years ago according to The Sunday Times Tax List. His brand management company Pentland Group is the largest shareholder in JD Sports, and owns other sports clothing brands including [...]
Pentland move to Ireland in Brexit aftermath – CityAM : CityAM September 11, 2021 Citing Brexit, the chairman of Pentland Group has relocated overseas according to The Times, who first reported the news. Also Read: Exclusive: We are benefitting hugely from Brexit, says Estonia’s prime minister Stephen Rubin was Britain’s biggest taxpayer three years ago according to The Sunday Times Tax List. His brand management company Pentland Group is [...]
Tripped up: Competition watchdog to block JD Sports merger with Footasylum September 2, 2021 JD Sports is “perplexed” and “disappointed” after the CMA announced a preliminary decision to block its planned purchase of Footasylum following an appeal. Kip Meek, chair of the group conducting the inquiry, said the deal “would see Footasylum bought by its closest competitor,” which could lead to a worse shopping experience for customers facing higher [...]
Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]
Clipper Logistics revenue up thanks to lockdown shopping returns August 25, 2021 Retail logistics firm Clipper has reported group revenue up by 39.1 per cent as e-commerce sales continue to grow. The Leeds-based company reported group revenue up from from £500.7m to £696.2m, in its results for the year ended 30 April 2021. The firm acquired new contracts in the period including with Revolution Beauty, H&M and [...]
US markets shake off Delta variant jitters as investors seek to end volatile week on a high August 20, 2021 Wall Street shook off concerns that the rapidly spreading Delta variant of Covid could halt the global economic recovery from the crisis to end the week on a high. The blue-chip S&P 500 jumped 0.69 per cent to 4,436.26 points during early trading, while the Dow Jones added 0.5 per cent to 35,06776 points. The [...]
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]