Boss of High Street retailer The Works to steps down after shock profit warning sends shares tumbling By Daily Mail City & Finance Reporter Published: 21:50 BST, 16 January 2020 | Updated: 21:50 BST, 16 January 2020 The Works chief exec Kevin Keaney (pictured) will be replaced by chief financial officer Gavin Peck The Works’ … Read more
The folly of serial sell-offs: Doing the splits can leave the mother ship vulnerable, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 21:51 BST, 16 January 2020 | Updated: 21:51 BST, 16 January 2020 At first blush, there looks to be very little in common at FTSE 100 quoted firms ABF, Pearson … Read more
The stock market’s climb back from the pandemic induced fall is likely to be very different to those which occurred after other market crashes. Some leading indices such as Germany’s DAX have already returned to a technical bull market, generally defined as prices being 20 per cent higher than the recent low point. It’s no … Read more
Tesco’s annual results may have been overshadowed by the steps it is taking to cope with the coronavirus pandemic, but the nitty-gritty of today’s numbers deserve a closer look. The supermarket’s latest preliminary results cover the year to 29 February and do not cover the spell of mass panic buying in the last few weeks. … Read more
Ladbrokes owner GVC hails ‘excellent’ trading as booming online business outweighs hit from crackdown on betting terminals Betting giant thrives despite regulation on fixed-odds betting terminals (FOBTs) UK retail like-for-like revenues dived 12 per cent over the year as a result GVC Holdings said it benefited from ‘strong’ online growth in the fourth quarter By Sara … Read more
IN THE MONEY: Carphone Warehouse founder Sir Charles Dunstone rakes in £48m selling stock By Daily Mail City & Finance Reporter Published: 22:57 BST, 7 April 2020 | Updated: 23:13 BST, 7 April 2020 The founder of Carphone Warehouse has raked in £48million from selling Dixons Carphone stock. Charles Dunstone, who started Carphone Warehouse in … Read more
Workers face ‘catastrophe’ with four out of five worldwide having had their jobs affected by coronavirus By Daily Mail City & Finance Reporter Published: 22:58 BST, 7 April 2020 | Updated: 23:13 BST, 7 April 2020 Four out of five workers worldwide have had their jobs affected by the coronavirus pandemic. Of the 3.3bn-strong global … Read more
ASOS sa les plummet by 25 pc in just three weeks By Daily Mail City & Finance Published: 22:57 BST, 7 April 2020 | Updated: 23:13 BST, 7 April 2020 Sales at online fashion retailer Asos have fallen by up to a quarter in the last three weeks, it said yesterday. As countries go into … Read more
Struggling firms applying for Covid business loans ‘eight times more likely to be rejected than approved’ By Daily Mail City & Finance Reporter Published: 22:57 BST, 7 April 2020 | Updated: 23:15 BST, 7 April 2020 Struggling firms which applied to their bank for an emergency business loan last week were eight times more likely … Read more
Staff and partners at auditor Grant Thornton volunteer to cut their hours and pay By Daily Mail City & Finance Reporter Published: 22:57 BST, 7 April 2020 | Updated: 23:15 BST, 7 April 2020 Partners and staff at Sports Direct’s former auditor Grant Thornton have volunteered to cut their hours and pay Partners and staff at … Read more