Shoe Zone shares plunge as firm issues profit warning July 2, 2024 Shoe Zone has lowered its profit forecast after it said weaker demand for its products plus the soaring cost of shipping had compounded an already challenging trading environment.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Village Bakery: Price rises too late to save Tesco and Five Guys favourite from slipping further into the red July 1, 2024 Village Bakery, which supplies baked goods to retailers including Tesco, Aldi and Five Guys, said a recent string of price rises came too late to save it from slipping further into the red, according to newly-filed accounts.
How dual-class shares will help London attract tech IPOs July 1, 2024 The FCA has made plenty of mistakes, but they are right about dual class share structures — these will encourage new listings and tackle the London Stock Exchange’s persistent short-termism, says Daniel Valentine The Financial Conduct Authority is preparing reforms to the listing regime of the London Stock Market which have been described as “the [...]
How ‘tenniscore’ trend and Zendaya served up retail sales boost for Wimbledon July 1, 2024 Wimbledon has capitalised on one of this summer’s hottest trends, fuelled by celebrity fashion and Zendaya-starring movie Challengers.
Banks, homebuilders and retailers in focus as London markets brace for Labour election victory June 30, 2024 The UK general election is in focus this week as investors brace for a widely expected Labour landslide that could share price moves across the FTSE 100.
Truelayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard June 30, 2024 The chief executive of fintech unicorn Truelayer has suggested bottom-line profitability and a potential IPO are some ways off as he focuses on scaling up to challenge Visa and Mastercard’s payments duopoly.
Revenue drops for Musicmagpie as it struggles in the competitive second-hand market June 28, 2024 Musicmagpie has slashed costs to offset lower revenue.
Boots: Walgreens’ shares slashed amid store closures despite UK success June 27, 2024 High street pharmacy giant Boots has grown its sales once again with online shopping continuing to fuel its success, according the results of its latest financial period.