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 [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Amazon launches investigation into claims employees accept bribes for leaked data September 17, 2018 Online retailer Amazon is to conduct an investigation into claims that some of its employees have been accepting bribes for exchanging confidential sales data. The Wall Street Journal reported that employees are allegedly selling information on sales and searches to independent merchants using its platform, as well as deleting negative reviews, with the aim of [...]
Amazon launches investigation into claims employees accept bribes for leaked data September 17, 2018 Online retailer Amazon is to conduct an investigation into claims that some of its employees have been accepting bribes for exchanging confidential sales data. The Wall Street Journal reported that employees are allegedly selling information on sales and searches to independent merchants using its platform, as well as deleting negative reviews, with the aim of [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]
H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]
Co-op profits soar after supermarket sells 180 pizzas for every minute of football during the World Cup September 14, 2018 Co-op's profits soared in the first half of the year after the supermarket sold more than 180 pizzas for every minute of football played during the World Cup. Sales increased to £5bn, up 10 per cent on the first half of 2017, also driven by its £143m acquisition of Nisa in May. Pre-tax profits almost [...]
Co-op profits soar after supermarket sells 180 pizzas for every minute of football during the World Cup September 14, 2018 Co-op's profits soared in the first half of the year after the supermarket sold more than 180 pizzas for every minute of football played during the World Cup. Sales increased to £5bn, up 10 per cent on the first half of 2017, also driven by its £143m acquisition of Nisa in May. Pre-tax profits almost [...]
Morrisons recovery continues September 13, 2018 Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]