FTSE 100 slides despite strong earnings but Wall Street picks up May 26, 2021 The FTSE 100 slipped today despite a strong set of corporate earnings on a slow day for Europe’s markets. Across the Atlantic, however, Wall Street showed signs of gains after another positive start for tech stocks. London’s blue-chip index fell 0.1 per cent over the course of the day, a second straight session of losses [...]
Boris Johnson’s interventionist obesity strategy will fail. We need more choice, not less to slim down May 25, 2021 Obesity is on the rise like never before. More than one in four people in the UK are now obese, one of the driving forces behind the mortality rate from Covid. In the year leading up to the pandemic, more than a million people were admitted to hospital for obesity-related treatment in England. Record hospitalisations [...]
Marks & Spencer set to buy more food from EU amid border disruption in Northern Ireland May 23, 2021 Marks & Spencer will reportedly start buying more food from the EU as it looks to reshape some of its supply chain amidst chaos on the Northern Ireland border. The retailer is looking to source more products from companies on the Continent as well as from Ireland and Northern Ireland, the Telegraph reported. It comes [...]
Supply chain pioneers, CORE (UK) Ltd win The Queen’s Award for Enterprise for International Trade May 7, 2021 We’ve launched our 5 step guide to building a digital supply chain which you can download here https://www2.core-uk.com/5-steps-to-advance-your-digital-supply-chain/ UK’s most prestigious business accolade awarded to independently owned digital supply chain management pioneers CORE (UK) Ltd for growth and commercial success in international trade Software innovation is at the heart of CORE’s international growth success. Their [...]
‘Light at the end of the tunnel’ for Superdry after reporting return to growth May 6, 2021 Superdry sees “light at the end of the tunnel” after reporting a return to revenue growth in the fourth quarter, boosted by its ecommerce division. In a trading statement Superdry said it had been “substantially impacted” by the pandemic with group revenue for the full year down 21 per cent year-on-year to £556.6m. However the [...]
High street decline May 5, 2021 With high streets in turmoil and recovery slow, high street graveyards are becoming a common sight across the UK. The past 12 months have not been easy for the vast majority of companies, in particular for those without an online platform. However, the struggle of the high street is not a new problem. Rewind a few years [...]
Tesco, M&S and John Lewis among UK retail giants to threaten Brazil boycott over Amazon deforestation May 5, 2021 UK retail giants including Tesco, Marks & Spencer and John Lewis have threatened to boycott Brazillian agricultural commodities over the deforestation of the Amazon. In an open letter published today the retailers said they will take action if Brazil’s government passes a law expanding property rights for squatters on public land. Campaigners have warned that [...]
Marks & Spencer chair: More young faces are needed on company boards May 1, 2021 Archie Norman, chairman of Marks & Spencer, has said company boards are “made up of old people”, and as a result are not able to keep pace with disruptive, smarter and faster technological advances. Norman, who is also chairman of Signal AI, an artificial intelligence-powered public relations platform, and special advisor to Lazard Bank, said [...]
City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list April 28, 2021 As the economy slowly recovers from what has been a dramatic year, and investors gradually dare to think again about growth and investment, City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they spot opportunities as London’s investment community starts to shake off the pandemic. Banking, energy [...]
Superdry appoints ex-Helly Hansen boss as chairman April 26, 2021 Superdry has appointed the former boss of Norwegian sportswear brand Helly Hansen as its new chairman. The retailer announced this morning that Peter Sjolander will join the board on 29 April, with current chairman Peter Williams stepping down on the same day after two years in the role. Sjolander, who was Helly Hansen’s chief executive [...]