Debenhams share price jumps at the open as it reveals increase sales over Christmas January 12, 2017 Shares in Debenhams rose over three per cent at the open, as the department store revealed an improvement in sales over the Christmas period. The figures Like-for-like sales were up five per cent in the seven weeks to 7 January, beating expectations. Debenhams attributed the improvement to beauty and gift sales, which took the non-clothing [...]
AO World share price falls as investors focus on economic storm clouds on horizon despite increase in revenue January 12, 2017 AO World has reported increased sales in the UK as its European revenue grew strongly, but shares fell sharply as it warned of bumpy economic conditions to come. The figures UK ao.com revenues grew by 10.3 per cent year on year. Overall UK revenue increased by a slightly smaller 8.9 per cent, reflecting legacy logistics and [...]
Tesco share price falls despite sales rise in third trading quarter as investors focus on weaker Christmas trading January 12, 2017 Tesco's share price fell despite the supermarket giant reporting its first quarterly market share growth since 2011, as sales grew for the eighth quarter in a row. The figures Group like-for-like sales grew 1.5 per cent in its third trading quarter, with UK like-for-like sales growing even faster, at 1.8 per cent. The supermarket said it [...]
Fashion industry blues: Sector falters as it loses £750m and sales suffer deepest decline since 2009 January 12, 2017 Britain's fashion market struck a feeble pose last year, when it suffered its deepest sales decline since August 2009, according to figures from Kantar Worldpanel. Sales fell by two per cent in the 52 weeks to 18 December compared to the year before, Kantar found, knocking nearly £750m off its total value. In October, Kantar had already [...]
UK investor faith in equities grows, bringing 10 months of outflows to an end January 11, 2017 UK investors regained some faith in equities in November as 10 months of outflows came to an end, new figures out today show. Total funds under management totalled £1 trillion during the month, with net retail fund sales of £1.5bn, up from £595m in October. Total sales of equity funds came in at £583m, the [...]
More sterling weakness pushes FTSE 100 above 7,300 for first time ever as it approaches all-time record run January 11, 2017 The pound dropped to its lowest since the October flash crash as the FTSE 100 closed in on its longest winning run since the index started 33 years ago. The pound fell as low as $1.2052 in mid-afternoon trading, pushing the FTSE 100 over 7,300 for the first time. London’s blue chip index has increased for 11 [...]
Cineworld announces a blockbuster year in 2016 as consumers look for entertainment in spite of weak pound January 11, 2017 The force was with Cineworld this year as top-performing films like Star Wars: Rogue One and Fantastic Beasts and Where to Find Them boosted admissions to break the 100m milestone. The cinema operator reported revenue growth of 8.3 per cent on a constant currency basis and said it is in line with current market expectations. Retail sales boomed, [...]
Ted Baker boosts sales against a “tough trading backdrop” January 11, 2017 Ted Baker's share price climbed 2.79 per cent this morning after the luxury brand reported an 18 per cent jump in sales over the festive trading period. Like many retailers, a large chunk of Ted Baker's sales were made online this year. Online sales jumped 35 per cent year-on-year in the eight weeks between 13 [...]
Sainsbury’s shares surged this morning on news of sales growth over Christmas – here’s how retail experts reacted January 11, 2017 Sainsbury's shares have surged by six per cent this morning after it reported a record Christmas week for trading. The supermarket said like-for-like retail sales went up 0.1 per cent in the third quarter, and while this might not be as impressive as Morrisons' 2.9 per cent growth, reported yesterday, investors were still cheered by the update. [...]
Sainsbury’s reports £1bn group sales over Christmas week as sales edge up January 11, 2017 Sainsbury’s enjoyed a record Christmas week with over £1bn in sales across the group, with quarterly sales managing to edge up after analysts expected further contraction. The figures Like-for-like retail sales excluding fuel grew by 0.1 per cent over the third quarter of its trading year, and total retail sales grew by 0.8 per cent [...]