B&M sees rise in sales and plans wave of store openings November 9, 2023 B&M has reported a rise in sales as customers are squeezed by high inflation and the discount retailer plans a wave of new stores, including those formerly owned by collapsed rival Wilko.
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
From frumpy fashion to TikTok trendsetter: How M&S regained its high street crown November 8, 2023 Marks & Spencer (M&S) has once again found itself back in fashion with investors and shoppers, posting a near £100m in rise in profits in its half year results. Shares in the company rocketed over 10 per cent this morning after the century-old business said its turnaround plan which intends to make the brand look [...]
Co-op Bank reports dip in profits as takeover suitors swirl November 8, 2023 Co-operative Bank has doubled down on its guidance for the year today despite a dip in profits, in a key set of results for the lender as it hunts for a potential buyer.
M&S reinstates dividend and CEO Stuart Machin promises he’s not done yet November 8, 2023 Marks and Spencer (M&S) racked in hefty profits during the half year, as the firm’s reshaping programme continues to show signs of paying off. The Percy Pig maker posted profit before tax of £360.2m up nearly £100m on last figures of £205.5m. M&S also reported a 14.7 per cent rise in food sales as its [...]
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]
Naked Wines shares dive as it ousts boss and warns of falling revenues November 7, 2023 Naked Wines shares plunge after it slashes revenue forecasts and dumps chief executive
Falling in time for Christmas: Grocery inflation down to single digits for the first time in 16 months November 7, 2023 Despite the milestone, consumers are only seeing year-on-year price falls in a limited number of categories, including butter, dried pasta and milk.
Christmas fear for UK restaurateurs as Brits cut back on dining out to heat their house November 7, 2023 In the run up to Christmas, 56 per cent of respondents said they would cut back on eating out at restaurants
Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges