Tesco profits fall by a fifth despite ‘exceptional’ £1bn a week sales

Tesco profits have fallen by a fifth despite ‘exceptional’ sales of more than £1billion per week in the pandemic. The closure of pubs and restaurants boosted Britain’s largest supermarket but it was unable to capitalise because of £892million of costs related to the virus. Revenues rose 7 per cent from £49.9billion to £53.4billion in the … Read more

Foxtons sees sales surge while stashing away Government support cash

Foxtons sees sales surge and ploughs money into Boomin – but there’s still no hint of the estate agency returning millions borrowed from taxpayers Foxtons received nearly £7m in furlough support and business rate relief Other rival firms like Winkworths have vowed to repay the Government back Foxtons saw sales revenue rocket by 60% in … Read more

Tesco online sales soar by 77% but profits tumbled with coronavirus costs

Tesco has revealed that its profits fell by 20 per cent over the past year after coronavirus costs of almost £900 million offset surging sales. The supermarket giant today announced that pre-tax profits slid to £825 million for the 12 months to February, compared with £1.03 billion the previous year. It said profits were weighed … Read more

MARKET REPORT: Investors tuck into Just Eat after lockdown sales boost

MARKET REPORT: Investors tuck into Just Eat after locked down Britons splurged on deliveries in first three months of the year By Francesca Washtell For The Daily Mail Published: 22:45 BST, 13 April 2021 | Updated: 22:45 BST, 13 April 2021 Investors snapped up Just Eat Takeaway shares after customers cooped up at home splurged … Read more

Hornby expects full-year sales to grow by 28 per cent

Airfix and Scalextric maker Hornby welcomes a sales jump after an encouraging end to the year Hornby is well known for its model train, Airfix and Scalextric car sets  The firm briefly postponed orders to foreign customers around Christmas  Hornby will be the focus of the television programme Hornby: A Model World By Harry Wise … Read more

Covid lockdown UK: First day of freedom sees shopping sales surge

People in England and Wales bounded out of the third national lockdown yesterday as shopping sales surged, theme parks open and spending in hairdressers soar a staggering 500 per cent on the first day of freedom. High streets across the country roared back into life, with masked shoppers scrambling to join queues outside toy shops, … Read more

Covid lockdown UK: First day of freedom sees shopping sales surge

People in England and Wales bounded out of the third national lockdown yesterday as shopping sales surged, theme parks open and spending in hairdressers soar a staggering 500 per cent on the first day of freedom. High streets across the country roared back into life, with masked shoppers scrambling to join queues outside toy shops, … Read more

Rolls-Royce sees first quarter sales rise to highest on record

Rolls-Royce Motor Cars sees sales rise to the highest in its 116-year history as well-heeled buyers snap up the luxury vehicles despite the pandemic Luxury car group Rolls-Royce Motor Cars delivered 1,380 cars in the first quarter China market particularly strong and orders for bespoke cars also on the up   By Jane Denton For Thisismoney Published: … Read more

House sales surged in March on back of extended stamp duty holiday

Agreed house sales surged in March as the extension of the stamp duty holiday had an immediate impact on the housing market. Half of property professionals reported an increase in agreed sales during the month.  This marked the strongest rise in agreed sales since August 2020, according to the Royal Institution of Chartered Surveyors.  Cardigan in … Read more

House sales surge after stamp duty extension: Property market soared last month

House sales surge after stamp duty extension: Property market soared last month following Rishi Sunak’s decision to extend the tax break Chancellor’s stamp duty holiday was due to end on March 31 but will end in June The extension meant last month house sales saw the biggest surge since August Tax holiday means buyers pay … Read more