Topps Tiles revenues flat as retailer recovers from 2018 profit fall April 3, 2019 UK retailer Topps Tiles held a steady course in the first half with revenues flat from the period before, it revealed today. The announcement will reassure investors after Topps Tiles revealed a fall in profits in its half year results in November 2018, when it also said it was stockpiling supplies ahead of Brexit. Read more: UK retail [...]
Spreadbetter CMC Markets warns full year revenue and profit will be hit by regulatory crackdown April 3, 2019 Spread betting and online trading group CMC Markets said today its full year revenue and profit will be hit by a regulatory crackdown on the sector. CMC said it expects to report contract for difference and spread betting revenue of around £110m for the year to 31 March, 37 per cent lower than the previous [...]
Julian Dunkerton wins narrow shareholder vote to return to board of Superdry April 2, 2019 Superdry’s co-founder has won an audacious bid to reinstall himself onto the troubled retailer’s board this morning, throwing the future of the group’s directors into doubt. Investors have voted by a narrow majority of 50.75 per cent to allow Julian Dunkerton to return to the company following a long and bitter public battle with the firm’s [...]
Stationery chain Office Outlet reveals list of 16 store closures as 161 jobs to go in CVA April 2, 2019 Office Outlet, the stationery retailer formerly belonging to Staples, has revealed the location of 16 store closures following its collapse into administration. The troubled high street retailer, which has drafted in administrators from accountancy firm Deloitte, revealed today that 161 jobs and 16 outlets face the axe. Read more: Stationery chain Office Outlet falls into [...]
Bonmarche shares drop as billionaire Philip Day snaps up retailer in cut-price deal April 2, 2019 Edinburgh Woollen Mill Group owner Philip Day is set to take struggling retailer Bonmarche private in a deal that values the firm at just £5.7m. Bonmarche has been plagued by profit warnings, issuing its third in late March when it told investors to expect up to a £6m loss due to “significantly weaker” March trading. [...]
Discounter Aldi ramps up market share as Easter approaches April 2, 2019 Cut-price supermarket Aldi continued its rise up the grocery food chain in March, achieving a record market share of eight per cent as it made ground on its rivals. The German-owned chain’s sales increased by 10.6 per cent in the 12 months to 24 March compared to a year earlier, pushing its market share up [...]
Joules chief executive to resign after five years in charge of fashion retailer April 1, 2019 Joules chief executive Colin Porter has announced plans to retire after five years in charge of the fashion retailer. Shares slid more than three per cent after Porter, who has been with the business since 2010, revealed he would resign before the end of the next financial year. Read more: Joules boss Colin Porter to [...]
Philip Day steps back from race to buy collapsed high street shoe store LK Bennett March 31, 2019 Philip Day, the billionaire owner of retailer Edinburgh Woolen Mill, has removed himself from the competition to buy collapsed shoe seller LK Bennett. The retail tycoon had lodged a bid with administrators at EY, joining Sports Direct boss Mike Ashley, as well as Chinese fashion entrepreneur Rebecca Feng and former LK Bennett chief executive Darren [...]
Focus On Camden: Camden Market turns 45 tomorrow, but how much have house prices changed in this cultural hotspot? March 29, 2019 Today, a London institution reaches proper middle-age. Camden Market – once home to punks and mods, now home to an awful lot of tourists looking for the punks and mods – turns 45 on 30 March 2019. It could be home to you, too, if you can afford it. The average second hand sales price, [...]
Financial Conduct Authority confirms ban on sale of binary options to retail consumers March 29, 2019 City watchdog the Financial Conduct Authority (FCA) said today it was banning the sale, marketing or distribution of binary options to retail customers. Binary options are financial instruments that allow traders to speculate on which way a market will move. Read more: The FCA has to show it really means business The FCA said the [...]