Dr.Martens says warehouse headache led to disappointing revenue rise as hunt for new CFO begins April 14, 2023 Dr.Martens posted a small rise in revenues for the fourth quarter as operational issues in its US warehouse continued to impact earnings. The boot maker said that for the period total revenue grew just six per cent as it spent time resolving bottleneck issues at its headquarters in LA , which impacted its American wholesale [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Air fryers and coffee machines send white goods retailer’s shares soaring April 12, 2023 Shares in Marks Electrical soared over seven per cent this morning after the online white goods retailer posted a 21.5 per cent rise in revenues. Despite an ongoing cost of living crisis, consumers splashing out smaller electrical appliances such as air fryers helped hike revenues up to £97.8m compared to £80.5m the prior year. In [...]
De La Rue warns of ‘significant uncertainty’ as demand for cash dries up April 12, 2023 Storied banknote-maker De La Rue said profits would slump below expectations today and warned of a “significant degree of uncertainty” as it struggles to cope with a downturn in cash usage.
FTSE 100 close: Glencore and Rio Tinto power London index upwards despite downbeat IMF projections April 11, 2023 London’s FTSE 100 kicked off a shortened trading week in robust fashion today, lifted by miners scaling higher despite the International Monetary Fund (IMF) warning the global economy is on course to suffer a sharp slowdown over the coming decade. The capital’s premier index jumped 0.57 per cent to 7,785.73 points, while the domestically-focused mid-cap [...]
Shell’s shares rise on FTSE 100 after predicting upturn in LNG output April 6, 2023 Shell's shares have risen on the London Stock Exchange this morning, after it unveiled a bullish update for its first quarter of trading ahead.
RAC: Tesco, Asda, Sainsbury’s and Morrisons are ripping off motorists – but which Big 4 retailer has the cheapest petrol? April 5, 2023 Motoring group RAC today accused Britain’s big four supermarkets of overcharging drivers at the petrol pumps.
The Body Shop owners sell ‘avant-garde’ skincare brand Aesop to L’Oréal for £2.5bn April 4, 2023 L’Oreal has agreed to buy Australian skin care brand Aesop for $2.5bn (£2bn). The French cosmetics giant snapped up the brand from Natura &Co – owners of British retailer The Body Shop. Since its formation over 30 years ago, Aesop has grown greatly in popularity and is most known for its hand soaps and body [...]
Abu Dhabi is booming. We checked into the Shangri-La to get the lowdown April 4, 2023 Abu Dhabi is booming, so Olivia McEwan checked into one of the best hotels to get the lowdown THE WEEKEND: The Shangri-La Qaryat Al Beri occupies a private stretch of beach on the Khor Al Maqta canal, positioned to offer views over the main island of Abu Dhabi from each of its 213 rooms. Its [...]
How Aldi boss intends to see off supermarket rivals and bring discount store within reach of all UK shoppers April 3, 2023 Aldi will not stop the “relentless” roll out of its value supermarkets across the UK, despite attempts by rival supermarkets to scupper its growth, its chief executive has said. Giles Hurley, the head of UK and Ireland operations for the German discounter, told The Telegraph that they are going to bring stores within easy reach [...]