After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Sainsbury’s: Business rates ‘nothing more than an unfair tax on shops’ August 12, 2024 Sainsbury’s has urged the government to cut business rates and warned that failure to act could lead to over 17,000 shop closures over the next decade. It has called for a rate cut of 20 per cent in a bid to revitalise the high street and protect jobs. Not only would this project jobs, the [...]
Abercrombie & Fitch silent on diversity pledge as new London store opens August 9, 2024 Abercrombie & Fitch committed to diversity pledges following years of criticism, but bosses failed to comment on the diversity of store colleagues at the new London store when The Capitalist approached them The noughties are back, baby: and that means Von Dutch caps and Abercrombie & Fitch. All of a sudden ‘Brat Summer’ sounds appealing. [...]
The Capitalist: Abercrombie & Fitch fall silent; Paris shouts ‘Merde!’ at Olympic muffin man August 8, 2024 Rumours, whispers and City gossip… Abercrombie & Fitch silent on diversity pledge The noughties are back, baby: and that means Von Dutch caps and Abercrombie & Fitch. All of a sudden ‘Brat Summer’ sounds appealing. The return is quite the coup for the company once voted “America’s most hated retailer”. The firm has been heavily [...]
Evans Cycles: Big loss revealed in delayed results for brand owned by Mike Ashley’s Frasers Group August 8, 2024 Significantly delayed accounts for Evans Cycles have revealed how far the brand, which is owned by Mike Ashley’s Frasers Group, has slumped further into the red. According to results for the year to April 30, 2023, which have only just been filed with Companies House, Evans Cycles slipped to a pre-tax loss of £23.2m. The [...]
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour August 8, 2024 Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (GTV) came in just under £3.7bn, up five per cent year on year from £3.5bn. The food delivery [...]
Mark Kleinman: If Britain is open for business, prove it August 8, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
FCA listings shake-up is golden opportunity to revive UK’s REITs sector August 7, 2024 Reinvigorating investment in real estate will ultimately accelerate growth, writes Antony Antoniou
Audemars Piguet helps fuel booming UK luxury watch market as sales surge August 6, 2024 The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted a revenue of £72m for the 12 months, up from £58.7m. Newly-filed documents with Companies House also show that its pre-tax profit increased from £3.4m [...]
Hargreaves Lansdown extends takeover deadline for third time August 5, 2024 Hargreaves Lansdown has for the third time extended the deadline for a group of private equity bidders to make a firm £5.4bn takeover offer during a crucial week for the UK’s biggest retail investment platform.