ii winter portfolios 2018-19 deliver mega profits March 13, 2019 Four months into this six-month strategy and both our winter portfolios are thriving, writes Lee Wild. Finding a trading strategy that works 100 per cent of the time is the Holy Grail of investing. We’re not claiming to have found it here, and seasonal trading is not for everyone, but there is a statistical anomaly backed [...]
Footasylum shares rocket as JD Sports snaps up stake in retailer February 18, 2019 Footasylum's share price surged 81 per cent this morning after JD Sports bought up an 8.3 per cent stake in the embattled retailer. Footasylum's share price soared to 52.5p, up from a 29p close on Friday as it recovered from lows last month when the firm warned over challenges to its full-year earnings. While JD Sports said [...]
JD Sports owner heads list of the UK’s top 50 taxpayers January 27, 2019 Financiers, hedge fund managers and housebuilders dominated a new list revealing the UK’s biggest taxpayers, published on Sunday. The Sunday Times tax list, which also includes high profile names such as David and Victoria Beckham, estimates the amount of tax paid to HMRC by the UK’s wealthiest people based on publicly available information. Read more: The [...]
ECB Headwinds, IMF downgrade for Europe – What Can We Expect from 2019? January 25, 2019 This week bankers and leaders around the globe have come together for the World Economic Forum in Davos. A key topic has been what we can expect from 2019 and beyond, in the face of a global slowdown, climate change, the US shutdown, trade wars and Brexit. On top of that, the ECB revealed that [...]
JD Sports eyes strong profits thanks to international expansion January 14, 2019 JD Sports today said it expects full-year profits to hit the higher end of its targets as international growth helped defy tough retail conditions. The sports retailer reported total sales growth of 15 per cent in the 48 weeks to 5 January, with like-for-like sales up five per cent in the same period. Read more: Retail [...]
Debenhams share price plunges as investors fear disappointing Christmas trading January 2, 2019 Shares in Debenhams plunged almost nine per cent this morning amid fears of poor trading over the festive period. The department store chain saw its share price tumble to 4.68p on the first day of trading in 2019, ahead of an update due on 10 January. The sliding shares suggest investors have low expectations for [...]
Homebase named the UK’s worst retail website in rescue deal aftermath November 13, 2018 DIY retailer Homebase has been named the UK's worst online shopping website, alongside a plethora of other familiar names in a survey conducted by independent consumer body Which?. Homebase received a rating of 55 per cent as part of a survey with over 10,000 consumers evaluating their experiences online. Customers said they found the site [...]
Fishing Republic on the hook as it tries to land extra finance November 12, 2018 Angling retailer Fishing Republic warned today its future is uncertain as it works to raise extra finance. The Aim-listed business said there was “material uncertainty regarding the group’s financial position” and said “the group continues to trade only with the short-term support of key creditors”. Shares in the group were suspended on 16 October after [...]
H&M takes a $20m stake in fintech startup Klarna October 8, 2018 Swedish fintech startup Klarna has today announced a global partnership with fashion powerhouse H&M, which included a $20m (£15.3m) investment in the business. The deal will see Klarna integrate its digital payments technology into H&M's physical and online stores via its payment programme H&M Club1. Klarna allows shoppers to pay securely for products online with flexible payment options [...]
Sports Direct’s Mike Ashley tees off in bidding war for American Golf October 5, 2018 Sports Direct owner and retail tycoon Mike Ashley is set to expand his business empire further, as it suggested he has tabled a bid for Britain's largest golf retailer American Golf. Ashley is among a number of interested parties in the American Golf takeover, including JD Sports Fashion, sources told Sky News. Deloitte, who is advising [...]