Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]
Carr’s lifts full-year expectations after boosts to agriculture and engineering July 19, 2021 Agriculture and engineering group Carr’s board has announced a lift to its full-year trading expectations today after a strong quarter. Speciality agriculture continues to perform strongly across the UK, USA, and Europe in the 20 weeks to 17 July. Carr’s put the growth down to buoyant livestock prices and the recovery of its animal health [...]
Belu CEO, Natalie Campbell, on how the ethical bottled water company navigated the pandemic July 19, 2021 Natalie Campbell faced an instant crisis when lockdown began just days after she became CEO of Belu. She tells Lysanne Currie how the ethical bottled water company navigated the pandemic, and is now ready to thrive once more. This article first appeared in ICAS’ CA magazine. Natalie Campbell was just 15 when she decided she [...]
US stocks fall despite upbeat retail sales in June July 16, 2021 An unexpected rebound in retail sales was not enough to prevent falls among US stocks on Friday. The blue-chip S&P 500 dropped 0.22 per cent, while the tech-heavy Nasdaq fell 0.22 per cent. The Dow Jones lost 0.23 per cent during morning trading. The losses came as the US Labour Department released figures showing retail [...]
US retail sales smash expectations to surge above pre-pandemic levels July 16, 2021 Retail sales in the US surged unexpectedly last month, providing further evidence that the American economy is roaring back to life after Covid. Sales were 18 per cent higher annually in June and are now above pre-pandemic levels, primarily driven by a sharp uptick in spending in the hospitality industry. Read more: US inflation surges [...]
Burberry stock drops as CEO departure spooks investors July 16, 2021 Shares sank 5.5 per cent in luxury fashion brand Burberry today, dragging its total share price to 1,955 as investors seemed uncertain about the company’s direction following its CEO’s exit. The brand pulled in £479m in revenue over the past three months despite over ten per cent of its stores remaining closed due to Covid [...]
FTSE pushes higher as City awaits Monday’s reopening July 16, 2021 London’s markets rose this morning as the City geared up for Monday’s loosening of coronavirus restrictions and the unlocking of the rest of the economy. Both the FTSE 100 and mid-cap sibling the FTSE 250 are up 0.4 per cent so far today, pushed higher by a raft of heavyweight stocks. Although energy group DCC [...]
Exclusive: Soho Street Cocktails raises fresh funds with two supermarket chains running trials July 15, 2021 Pre-mixed drinks maker Soho Street Cocktails is raising a new round of funding through private equity firm Growthdeck, City A.M. can reveal. The funds raised through Growthdeck will be used for Soho Street Cocktails’ core strategy of growing sales through retailers and in bars and restaurants, as well as continuing to increase its production. Soho Street Cocktails sells pre-mixed, bar-quality cocktail pouches to [...]
China’s post-pandemic economic rebound slows July 15, 2021 The recovery of China’s economy from the coronavirus pandemic has slowed down, official figures have shown. Gross domestic product increased by 7.9 per cent in the second quarter of 2021. Compared to last year, this was less than half the rate seen in the previous quarter. It also missed economists’ forecasts of 8.1 per cent [...]
Experian delivers strong sales performance July 15, 2021 Credit reporting company Experian saw sales increase by a third in the past three months up to June 30, raising its annual revenue forecast. The Ireland-based firm now expects to see total revenue growth for the full year range between 13 and 15 per cent, with organic revenue growth making up 9 to 11 per [...]