Top Dog: Shiba Inu takes on Dogecoin after it cracks top 10 October 28, 2021 Shiba Inu coin has blasted its way into the top ten crypto currencies with a market cap of $40bn, briefly surpassing rival meme-coin Dogecoin. Shiba Inu’s price has exploded this year, up by 83m per cent in the past 12 months and 147 per cent just this week to make it the world’s tenth largest [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]
Supply chain woes: Virgin Wines stocks up for Christmas year in advance October 28, 2021 Virgin Wines revenue has jumped around a third to £73.6m in the past year, buoyed by strong levels of customer demand. In comparison with pre-pandemic figures, revenue has soared 73 per cent in the year to 30 June. Meanwhile, profit before tax and exceptional items has surged 86 per cent to £5.2m. The retailer has [...]
Budget 2021: Retail chiefs disappointed after no decision on online sales tax October 27, 2021 Retail bosses have said the Chancellor’s silence on an online sales tax in the Budget comes as “another blow” to the beleaguered high street. While Rishi Sunak did not mention the mooted sales tax at the dispatch box, the autumn budget and spending review stated ministers will “continue to explore the arguments for and against” [...]
London’s Storfund lands £300m mega-deal for ecommerce marketplace financing October 27, 2021 UK fintech Storfund, which optimises the cash cycle for merchants selling on ecommerce marketplaces, has struck a £300m debt funding deal with Fasanara Capital. It’s the latest in a string of investments by Fasanara into e-commerce lending platforms, and marks a significant step up from Storfund’s last £26.5m funding round in February, led by Union Bancaire [...]
How’s vaccine inequality driving up global inflation? October 27, 2021 As the more highly vaccinated countries roll out Covid booster shots, other parts of the world are still struggling to get their first jab. The vaccine divide is more apparent in the emerging markets (EM). World organisations have voiced their concerns over “vaccine nationalism” whereby vaccine-exporting countries prioritise supply first for their own populations before [...]
Q&A: why are so many investors still ignoring the UK stock market? October 27, 2021 Q: Are UK shares cheap because they’re “old economy” businesses in the banking, oil and tobacco sectors? Bill Casey: When we speak to management teams of UK-listed businesses, many are pulling their hair out, complaining their shares are lowly “rated” compared to US and European-listed peers. They run good quality businesses which we don’t think have [...]
Letters: Ikea needs more than real estate for high street success October 27, 2021 [Re: Ikea snaps up former Topshop Oxford St flagship for £378m, yesterday] While Ikea’s takeover of Topshop’s iconic Oxford Street store seems like a no brainer in driving footfall and brand awareness, making it a success will require more than stocked shelves and Swedish meatballs. The pandemic has accelerated the shift from brick-and-mortar to ecommerce, [...]
Wickes reports lacklustre sales as DIY projects fall from pandemic highs October 27, 2021 Supply store Wickes has seen like-for-like sales slide 1.6 per cent from a year ago in the third quarter to September 25, as fewer people turn their hand to home improvement projects after the end of lockdowns. The Watford-headquartered retailer said that its sales remained 16.3 per cent above 2019 levels, but it hadn’t sustained [...]
Higher prices anticipated in approach to Christmas October 27, 2021 Retail bosses have warned once more that consumers will feel the pinch of price rises in the run up to Christmas. Consumer prices have been projected to rise up to 20 per cent over the next few weeks, according to the Salesforce Shopping Index. This is due to worker and raw material shortages. Food inflation [...]