Pandora sparkles as organic growth exceeds guidance February 9, 2022 Danish jewellery maker Pandora has recorded record revenue in its fourth quarter results, driving its share price up on Wednesday morning. The charm-bracelet manufacturer reported full year organic growth of 23 per cent compared to 2020, exceeding guidance. Its earnings before interest and tax margin grew 25 per cent, also higher than anticipated. Sales were [...]
Amazon Prime fees could soon rise to over £90 for 15m Brits despite record UK sales of £23.6bn February 9, 2022 Amazon’s UK revenue jumped over 20 per cent last year. That won’t halt a rise of at least 17 per cent in the cost of Prime membership, if it follows the lead of Amazon US. Even though Amazon has just announced record sales of £23.6bn here in the UK, it’s unlikely that will stop a [...]
Hunting for “10 baggers” – how the UK beat the US February 9, 2022 The ups and downs of US technology stocks dominate headlines. Before this year’s tech correction it would have been hard to miss the news, for instance, that Apple’s market capitalisation had exceeded $3 trillion. That was not too far short of the entire value of the UK stock market. What is less well known, however, [...]
Dunelm reports record profits as macroeconomic troubles leave group unscathed February 9, 2022 Home furnishing giant Dunelm reported today record profits, as it managed to emerge unscathed from the impact of Omicron, supply chain issues and inflationary surges. In the six months ended 25 December, Dunelm announced a £140.8m profits before tax, 25.3 per cent up on last year’s £112.4m. The group’s gross margin went up 80 basis [...]
CarFinance 247 reports 11 per cent increase in prices following used-car market boom February 8, 2022 UK motor finance platform CarFinance 247 has registered an 11 per cent increase in the average price of vehicles sold going up from £9,364 in October 2020 to £10,434 a year later. As a result of supply chain issues and strikingly high levels of demand, prices have gone up almost 30 per cent on 2019 [...]
Perfect storm of rising costs to hit retail return February 8, 2022 Total retail sales jumped 7.5 per cent during January compared to the same month in 2020. However, retail bosses have warned consumers and firms face a challenging few months ahead with a perfect storm of rising costs. Shoppers were less eager to buy non-food items in stores over the three months to January, compared to [...]
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
Ocado shares plummet 10 per cent as investors show anxiety towards ‘resilient’ growth February 8, 2022 Ocado’s shares are taking a beating this afternoon, with investors appearing unimpressed by group revenue and international expansion. Despite the online retailer reporting that group revenue was up 7.2 per cent to £2.5bn for the full year, shares plummeted as much as ten per cent this morning. It comes after Ocado, which is a 50:50 [...]
Used car market grows 11.5 per cent in 2021 as prices show no sign of stop February 8, 2022 The UK’s second-hand car market has grown 11.5 per cent, with more than 7.5 million transactions registered in 2021. According to data from the Society of Motor Manufacturers and Traders (SMMT), 777,997 more cars were sold compared with 2020 levels, even though performance remained 5.5 per cent below the pre-pandemic five-year average. Transactions reached peak [...]
London receives cap reduction in government crackdown on private parking fines February 7, 2022 London will receive a smaller overall reduction as part of a government crackdown on private parking fines which will protect motorists from “aggressive debt collection and unreasonable fees.” Under a new parking code of practice introduced by the government today, the cap for private parking fines will be cut in half, going from £100 to [...]