Kingfisher hurt by French unit again September 19, 2018 Kingfish posted a 14.7% fall in first-half pre-tax profit to £375 million, while analysts were anticipating £386 million. The French business was the underperformer of the group, while the British and Polish operations performed well. Gross margin dropped by 40 basis points due to logistics and stock inefficacies largely in France. The group revealed a [...]
Shop Direct swings to a loss as rising costs and PPI claims hit profits September 19, 2018 Littlewoods owner Shop Direct has moved into the red in the last 12 months, as rising construction costs for new distribution centres and mounting PPI mis-selling claims mount up for the online retailer. Pre-tax losses hit £24.7m in the year leading up to the end of June 2018, compared with profits before tax of £24.9m [...]
Shop Direct swings to a loss as rising costs and PPI claims hit profits September 19, 2018 Littlewoods owner Shop Direct has moved into the red in the last 12 months, as rising construction costs for new distribution centres and mounting PPI mis-selling claims mount up for the online retailer. Pre-tax losses hit £24.7m in the year leading up to the end of June 2018, compared with profits before tax of £24.9m [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
Major Southbank property estate put on the market for £280m September 18, 2018 London’s flagship southbank estate has been put up for sale for £280m, City A.M. can reveal. The 2.6 acre plot of mixed-use property site, which is best known for the South Bank Central’s iconic 155m tower, is being sold by CBRE on behalf of CPPIB and Hermes. The estate, which covers roughly 263,000 square feet [...]
Major Southbank property estate put on the market for £280m September 18, 2018 London’s flagship southbank estate has been put up for sale for £280m, City A.M. can reveal. The 2.6 acre plot of mixed-use property site, which is best known for the South Bank Central’s iconic 155m tower, is being sold by CBRE on behalf of CPPIB and Hermes. The estate, which covers roughly 263,000 square feet [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]