Pinch brings boutique British interiors to Pimlico’s design district July 19, 2019 Pimlico Road Design District is fast becoming a galaxy of interiors stars. From designers Rose Uniacke, Nicholas Haslem and Sibyl Colefax & John Fowler, to the delectable fabrics and wallpaper of Soane Britain, and the luxury textiles of de Le Cuona, each shop and showroom is unique, and there’s a contemporary energy to a district [...]
City Moves for 19 July – Who’s switching jobs at Lloyds Bank, Young’s and R3? July 19, 2019 Today’s City Moves includes Lloyds Bank, Young’s and R3. Lloyds Bank Andy Hulme has been appointed as co-head of Lloyds Bank’s Real Estate and Housing (RE&H) alongside Madeleine McDougall (pictured), who has successfully led the business since 2017. Both Andy and Madeleine will report to Scott Barton, managing director, large corporates, commercial banking. Andy is [...]
EU fines Qualcomm €242m for ‘crushing’ 3G competitor July 18, 2019 Chipmaker Qualcomm must pay €242m for abusing its market dominance to crush a competitor in the 3G market, the EU ruled today. The European Commission said Qualcomm used its iron grip on the chip market to force Icera out of the sector in a breach of antritrust rules. Read more: Apple settles landmark $27bn legal [...]
Asos profit warning: Three factors behind online retailer’s fall from grace July 18, 2019 Shares in fast fashion retailer Asos plummeted this morning as the online marketplace warned that profits will be lower than expected this year. The company blamed this morning’s profit warning – its second in just over six months – on operational issues at new warehouse facilities in Europe and the US. Operational issues plague retail [...]
Hotel Chocolat shares worth even more than this July 18, 2019 By Graeme Evans from interactive investor. They’re hardly cheap, but shares in this fast-growing chocolatier could go higher still. At a time when many retailers are finding trading tough, Hotel Chocolat Group (LSE:HOTC) continues to make light work of justifying its punchy stock market valuation. The chain, which listed on AIM in 2016, produced more strong figures today as an [...]
‘Ray of hope’: Rising wages keep shoppers spending in June July 18, 2019 UK retail sales grew by one per cent in June compared to a month earlier, official figures have shown, reversing a fall in purchases in May. Read more: Real wages rise as UK inflation stays at two per cent However, in the three months to June British shoppers bought 0.7 per cent more goods, the [...]
Growing pains: Asos share price plunges after fresh profit warning July 18, 2019 Online fashion giant Asos suffered a double-digit drop in its share price this morning after warning that profits will be lower than expected this year, citing new troubles in its international warehouse facilities. In its second profit warning in just over six months, the firm said today that it was reducing its forecasts as it [...]
Businesses must step up and raise their sustainability game July 18, 2019 When it comes to making sure that our day-to-day consumption is as environmentally friendly as possible, where does responsibility lie? According to new KPMG research, believe it or not, just 15 per cent of consumers point to policymakers, and only 10 per cent think that they themselves are responsible. The majority – 53 per cent [...]
Tepid Eurozone inflation stays well below ECB target July 17, 2019 Eurozone inflation rose to 1.3 per cent in the year to the end of June, official figures showed today, but was still well off the European Central Bank’s (ECB) two per cent target. Read more: Eurozone retail sales see surprise fall in May The weak rise in prices will bolster market expectations that the ECB [...]
Retailer Koovs hangs hopes on 2020 growth despite drop in sales July 17, 2019 Indian fashion retailer Koovs said it is on track for a return to growth in 2020, despite a decline in sales over the last 12 months. The London-listed firm posted net sales of £7.5m in 2019, down from £9.6m the previous years, while revenue was flat at £6.4m. Shares in Koovs dropped more than six [...]