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Wine experts at Marks & Spencer have predicted what you’ll be drinking in 2017 January 13, 2017 In 2016, we had the rise of English bubbly, craft beer and gin. Now, wine experts at Marks & Spencer have uncorked their top predictions for the year ahead. 1. First of all, we'll be drinking less Dry January got us all talking about the growing number of high-quality low or zero alcohol drinks, and [...]
Editor’s notes: Carney can see what EU officials refuse to: that they need the City January 13, 2017 Mark Carney isn’t the kind of man to lose his temper in public. Perhaps he isn’t even the kind of man to lose his temper at all. Still, if he was ever to come close to doing so it may well have been at this week’s Treasury Select Committee hearing, where he once again came up [...]
These analysts are not impressed by M&S’ trading update January 12, 2017 And it looked like things were going so well. Marks and Spencer started off the trading session on a high, jumping five per cent at the open when the retailer beat expectations with its like-for-like clothing sales. But M&S lost its shine as the day wore on, and its share price is now up just 0.8 per cent [...]
Outraged City analysts bash retailers for choosing to report on the same day January 12, 2017 Overloaded City analysts bashed UK retailers this morning for all choosing to publish financial updates on the same day. Today has been branded "Super Thursday" because so many retailers are publishing their Christmas figures. Financial reports have come from Marks and Spencer, Tesco, AO World, Debenhams, Asos and Primark-owner Associated British Foods, to name just a few. [...]
Marks & Spencer posts Christmas sales hike as clothing division shows increase for first time in two years January 12, 2017 Marks & Spencer has revealed a long-awaited improvement in its clothing arm during the 13 weeks to 31 December, although a change in its reporting period played a significant part in the alteration. The figures The retailer reported a 5.9 per cent increase in sales over the Christmas period. The clothing and home arm showed a [...]
Tesco share price falls despite sales rise in third trading quarter as investors focus on weaker Christmas trading January 12, 2017 Tesco's share price fell despite the supermarket giant reporting its first quarterly market share growth since 2011, as sales grew for the eighth quarter in a row. The figures Group like-for-like sales grew 1.5 per cent in its third trading quarter, with UK like-for-like sales growing even faster, at 1.8 per cent. The supermarket said it [...]
Consumers wasted a whopping £13bn of edible food in 2015 January 10, 2017 Consumers threw out £13bn – 7.3m tonnes – worth of perfectly edible food in 2015. That generated 19m tonnes of carbon emissions, equivalent to those generated by one in four cars on UK roads, according to food waste reduction charity Wrap. However, 60 per cent of us believe we waste either no food or hardly any. Wrap has built off its work with [...]
Marks and Spencer chairman rejects demand for reversal of company’s benefit cuts January 9, 2017 The chairman of high street stalwart Marks and Spencer has defended the company's decision to cut some of the benefits it offers to employees. Last year M&S staff were asked to sign new contracts ending benefits such as double pay for employees working on Sundays. MPs asked to meet M&S chief executive Steve Rowe to discuss the changes, [...]
All eyes on M&S clothing – and its chief executive Steve Rowe – as the retailer unveils its latest results collection later this week January 8, 2017 Marks & Spencer's beleaguered clothing division could finally be on the up, with sales growth expected by some analysts when the high street behemoth reveals its third quarter results this week. On 12 January, M&S will reveal its third quarter to 31 December. Analysts are on average forecasting like-for-like sales growth in its clothing and home [...]
Christmas spending splurge fails to push high street sales into positive territory January 6, 2017 High street shops ended a disappointing year with a dismal performance during the festive season, failing to land positive sales despite bumper spending in the week before Christmas. Christmas fell on a Sunday this year, meaning shoppers had an extra day to spend, but like-for-like sales growth on the high street still came in at [...]