Rangers chairman Dave King defends £7.5m annual loss November 4, 2015 Rangers chairman Dave King insists a £7.5m loss revealed in the club's annual accounts does not reflect improvements made by the consortium that took control in March. The leaders of the Scottish Championship revealed that the company requires "up to £2.5m by way of debt or equity funding" by the end of the season to meet [...]
Christmas adverts are great, but retailers including John Lewis, Asda and Lidl must live up to the hype November 4, 2015 You could feel the anticipation earlier this week as the first of the Christmas adverts landed. Asda and Lidl were among the first to showcase their festive offerings, while John Lewis announced its ad launch in advance, giving the nation several days to get excited before the big reveal, which happens at 8am this Friday. Watch: [...]
Black Friday 2015: Why UK shoppers are missing out the best deals from Amazon, John Lewis, Tesco and other retailers – bargains aren’t just for Christmas November 4, 2015 Last year on Black Friday, UK shoppers spent an astonishing £562,500 per minute online. It was a year which saw Boxing Day, which is traditionally the busiest shopping day of the year, toppled off its perch for the first time in seven years due to the remarkable success of Black Friday. This wasn’t, however, the [...]
Marks & Spencer’s share price climbs as retailer increases dividend despite clothing sales declining again November 4, 2015 Struggling high street giant Marks & Spencer has recorded yet another period of declines in its general merchandise division – but has handed shareholders an incentive to stick with it in the form of a dividend hike. The figures Top line figures suggest there is a slight improvement in performance, with group sales up 1.4 [...]
Best of the Brokers for 4 November 2015 November 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Canaccord Genuity has raised its target price for the stock from 1,627p to 1,847p and reiterated “buy” following a visit to SuperGroup’s head office this summer and ahead of the retailer’s half-year results tomorrow. In a bullish note entitled “everywhere you [...]
Shop prices drop for 30th month in a row as competition heats up ahead of Christmas November 4, 2015 UK shop prices fell in October for the 30th month in a row, dragged down by low commodity prices and fierce competition among retailers ahead of the crucial Christmas period. Prices fell by 1.8 per cent on the year, figures for the British Retail Consortium (BRC) and Nielsen show, which was a slight slowdown on [...]
Amazon and Argos deals are winning UK Black Friday 2015 and Christmas online shopping race November 3, 2015 It looks like Father Christmas is planning to do most of his shopping at Amazon and Argos this year after an analysis of Google’s most popular Christmas search terms showed that the two retail giants have taken the greatest share of visits over the last three months. Linkdex has crunched data on 7,000 Christmas-related keyword [...]
Forget clicks vs bricks: Amazon is opening its first physical bookshop Amazon Books today in Seattle November 3, 2015 If you needed further proof that the distinction between clicks and bricks is a thing of the past, look no further. Strange as it may sound, Amazon is moving firmly into the physical world with Amazon Books. The online retail giant is opening its first real bookshop in Seattle today. Unlike the online marketplace, though, [...]
Profits and revenue fall at Primark’s parent company Associated British Foods – but will still pay a dividend November 3, 2015 Primark parent company Associated British Foods (ABF) has said it will still pay a dividend, despite falls in both profit and revenue for the year to 12 September. The figures Adjusted operating profit was down six per cent in real terms, or four per cent on a constant currency basis, to £1.09bn, while group revenue [...]
Sales staff more driven by salary than any other profession in UK, find Randstad November 3, 2015 Salespeople are more driven by their pay packet than those in any other profession, a survey released today by recruitment company Randstad has discovered. In the survey of more than 10,500 workers, over two-thirds (69 per cent) of those in sales said salary and benefits is a top consideration when moving jobs, compared to a [...]