Construction activity shrinks in March after unusually bad weather, says IHS Markit, CIPS UK construction PMI April 4, 2018 Activity in the construction sector was chilled in March due to “unusually bad weather”, according to the IHS Markit/CIPS UK construction purchasing manager’s index out this morning. Growth slowed from a reading of 51.4 in February to 47 in March, signalling the first time industry activity fell below the 50 no-change marker for six months. [...]
Last week in the City March 23, 2018 This week, China warned the US that it is not afraid of engaging in a trade war, the Federal Reserve hiked interest rates again, and Facebook shares plummeted after allegations that millions of users' profile data had been harvested. The FTSE 100 was down 3.5% over the course of the week by mid-session on Friday. [...]
Aldi knocks Waitrose off supermarket top spot while shoppers turn to Iceland and Ocado for online groceries February 12, 2018 Aldi has knocked Waitrose off the top spot as the UK’s favourite supermarket for in-store shopping. Customers rated their experience at the budget retailer as best in Which?’s annual survey. Last year’s most popular supermarket Waitrose fell to fourth-highest, below Marks & Spencer and Lidl. Respondents rated Aldi’s value for money very highly, and were [...]
Craft beer maker FourPure to create 20 new London jobs with £2.5m brewery investment in Bermondsey January 31, 2018 Craft brewer FourPure has put £2.5m into expanding its Bermondsey brewery, increasing capacity by 400 per cent. The project will create 20 new jobs and allow the brand, which is stocked in the likes of M&S, Tesco, Asda and Ocado to keep up with demand. Co-founder Daniel Lowe said the company was now talking to [...]
Amazon tests one-hour fashion delivery from catwalk to doorstep at London Fashion Week with Nicopanda September 17, 2017 Amazon has tested out delivery of the hottest fashion items to people’s doors in just one hour during London Fashion Week. The designer who styled Lady Gaga’s famous meat dress, Nicola Formichetti, has partnered with the tech giant to get his Nicopanda line from the catwalk to the doorstep almost immediately. Read more: The UK’s [...]
The UK’s 12 most shorted stocks revealed: Carillion tops the list, with several household names filling in the ranks July 25, 2017 It's not a list which many corporates would be happy to top, but Canaccord Genuity Wealth Management has today released a ranking of the 12 most shorted stocks in the UK. Construction company Carillion topped the list, with 27.2 per cent of its equity having been shorted. High street names such as Debenhams, Marks and [...]
Ocado share price rises as it delivers steady sales growth but eyes sterling currency movements March 14, 2017 Grocery delivery company Ocado reported increased sales but said it remains vulnerable to changing price pressures and currency movements. Shares rose by more than 1.5 per cent at the open before paring some gains. The figures Gross retail sales grew by 13.1 per cent in the quarter to February, matching last quarter’s growth to reach [...]
Morrisons (MRW) share price fell this morning after it reported strong profit and sales growth – here’s how City analysts have reacted March 9, 2017 Shares in Morrisons dipped by 4.6 per cent at the open, after the supermarket reported annual profit and sales growth for the first time in four years this morning. Turnover was up 1.2 per cent to £16.3bn, while profit before tax rose by 49.8 per cent, to £325m, signalling that chief executive David Potts' turnaround is [...]
Ocado chairman Stuart Rose bags £1.3m share award February 12, 2017 Online grocer Ocado gave its chairman Stuart Rose a £1.3m share award last year as part of a pay deal he agreed when he joined the company in 2013. When he was made Ocado chairman, former Marks and Spencer boss Rose bought £400,000 worth of Ocado stock. The company gave him 452,000 shares on the [...]
Healthy manufacturers boost sterling and the FTSE 100 February 1, 2017 A strong set of data from the UK and the Eurozone have pushed up the value of sterling against the dollar, with the FTSE 100 benefiting as well. The manufacturing purchasing managers’ indices (PMIs) were strong across Europe as the sector continues to expand healthily. Sterling had dipped at the end of Asian trading against [...]