Spreadbetter CMC Markets’ revenue hit by regulatory measures January 24, 2019 Spreadbetting firm CMC Markets continued to feel the effects of new regulatory measures at the end of last year, the firm reported today. In its first full quarter trading update since the European securities and markets authority (ESMA) cracked down on CFD trading, CMC said revenue between October and December was down year on year [...]
Haynes shares soar as growing digital business boosts half-year results January 24, 2019 Publisher Haynes saw its share price jump this morning after reporting a rise in half-year revenue and profits as it looks to shift its car manuals to digital formats. The figures Haynes reported a 23 per cent rise in profit before tax to £1.6m in the 26 weeks to the end of November. Revenue jumped [...]
70,000 retail jobs lost in 2018, says trade body BRC January 24, 2019 Panic over further troubles on the high street has been underlined this morning, with new figures showing that some 70,000 retail jobs were lost last year. A retail employment monitor out today from the British Retail Consortium (BRC) has found that the total number of jobs was down 2.2 per cent in the fourth quarter of [...]
Tottenham overtake Juventus and close in on Arsenal in Deloitte Football Money League January 23, 2019 Tottenham’s emergence as one of Europe’s growing powers is paying dividends off the field, with the club now placed among the top 10 richest football clubs in the world. Spurs overtook Italian giants Juventus to take 10th place in Deloitte’s Football Money League 2019, as revenue leapt to €428.3m (£379.4m) last season from €359.5m in [...]
The world’s richest football clubs 2019: Real Madrid replace Manchester United at top of Deloitte Football Money League January 23, 2019 Manchester United have lost their status as the world’s richest club after Real Madrid replaced them at the top of Deloitte’s Football Money League. The Spanish giants ended United’s two-year domination of the annual list by generating revenue of €751m (£665m) last season – an all-time record for any football club. Read more: Spurs vs [...]
John Lewis to close historic Knight & Lee department store in Southsea January 23, 2019 John Lewis today said it is shutting its historic Knight & Lee department store in Southsea in the chain’s first closure for more than a decade. The department store said it will close Knight & Lee, which at 35,000 square feet (sq ft) is its smallest outlet, in July this year. Read more: John Lewis enjoys [...]
Joules sees half-year sales rise thanks to strong online trading January 23, 2019 Fashion retailer Joules today reported a double-digit rise in profits for the half year, boosted by strong online trading. Joules said pre-tax profits for the 26 weeks to 25 November were up 14.7 per cent on the same period last year to £10.7m. Read more: Joules shines amid retail gloom as it prepares for Brexit Total [...]
From truffle trees to sunken treasure, beware of unregulated investments in your pension January 23, 2019 Self-invested personal pensions, or Sipps, give us the freedom to invest in what we want. But while this DIY approach to pensions appeals to many investors, there are mounting concerns that some Sipp providers are doing customers a disservice by allowing inexperienced investors to allocate their savings to unsuitable schemes. Liberty Sipp is the latest [...]
Hotel Chocolat tastes success after sales surge over Christmas season January 23, 2019 Hotel Chocolat enjoyed a boom in sales over the festive season, as buyers flocked to the luxury sweet maker in spite of a swathe of challenges facing much of Britain’s retail industry. Total sales for the 13 weeks to the end of December jumped by 15 per cent compared with the same period last year, [...]
Burberry keeps momentum from China despite trade war fears January 23, 2019 Fashion house Burberry bucked current concerns over a trade war between China and the US today, as Asian demand for its luxury clothing held up over the festive shopping season. The blue-chip firm, which has been embarking on a major turnaround plan to revive its fortunes for more than a year, said that comparable store sales [...]