FTSE 100: JD Sports back in fashion after share buyback and tariff U-turn April 10, 2025 JD Sports’ share price shot up more than 10 per cent this morning after the company announced a share buyback programme and US President Donald Trump announced a pause on tariffs. The FTSE-100 firm was set to be one of the UK retailers most exposed to the tariffs, as its suppliers source the majority of [...]
Tesco: Supermarket giant’s profit beats City expectations but ‘trolley wars’ hit outlook April 10, 2025 Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market, but it warned that high competition will affect profit next year. Tesco shares slumped more than seven per cent in early deals. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose [...]
Next: Boss of FTSE 100 giant rewarded after £1bn profit April 10, 2025 The chief executive of FTSE 100 giant Next took home almost £5m as the high street icon’s profit surged to more than £1bn for the first time. Lord Simon Wolfson took home a total pay packet of £4.72m for the Leicester-headquartered retailer’s latest financial year, up from £4.63m. The CEO’s remuneration package included a salary [...]
Mark Kleinman: Trump tariffs spell doomsday for dealmakers April 10, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Trump tariffs spell doomsday for dealmakers Shock and awful. The primary consequences of President Donald Trump’s global tariffs blitz are becoming clearer by the day: inflation, a looming recession and a sweeping international protectionism which could [...]
Bionow Awards honour our greatest Innovators April 9, 2025 The Bionow Awards are given to honour those most deserving for their ingenuity and dedication, distinguishing them from their competitors and proving them worthy of recognition. With a prestigious history of more than 20 years, the awards have become the leading life sciences accolades in the UK; highlighting the achievements of the sector, shining a [...]
Virgin Atlantic Holidays: Record profit as sales take off April 9, 2025 Profit at Virgin Atlantic Holidays has jumped to a new record level as its sales surged to their highest since the Covid-19 pandemic. The group, which was founded by Sir Richard Branson, has reported a pre-tax profit of £48m for 2024, up from the £25.4m it achieved in 2023. The results come after Virgin Atlantic [...]
JD Sports boss warns of price rises as shoe makers resist Trump’s tariffs April 9, 2025 The chairman of FTSE 100 giant JD Sports has said prices will rise if President Donald Trump’s tariffs stay at their current levels. Speaking on the Today programme, chairman Andrew Higginson, who also chairs the British Retail Consortium (BRC), added that it’s unlikely shoe production will shift to the US and lambasted the uncertainty caused [...]
The Debate: Has the plastic bag levy been a success? April 9, 2025 Ten years on, the plastic bag levy has largely been hailed a success - but has it actually helped the planet? Two experts go head to head in this week's Debate.
Will Trump tariffs end up helping Next, M&S and Dunelm? April 8, 2025 UK heavyweights who aren’t exposed to the US market, like Next and M&S, may end up seeing some silver linings from Trump’s tariffs, according to analysts. Only a few UK retailers – namely JD Sports, Doc Martens and Burberry – sell to the states and produce in eastern Asia. Berenberg analysts said that positives from [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]