Admiral said on Tuesday that it will be providing a refund to its customers as they are staying at home and driving less during the COVID-19 crisis. The UK government announced stricter lockdown rules last month to encourage people to stay indoors and practice social distancing. Admiral will automatically issue a £25 refund to all […]

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Just Eat revealed this week that it will deliver free meals to vulnerable people and those who have been isolated following the outbreak of COVID-19 in the UK. As the crisis continues to develop in the UK, many people are vulnerable to the illness and have had to take special care when social distancing. The […]

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The John Lewis Partnership said on Tuesday that its short term trading has been “significantly affected” by the COVID-19 crisis. As the outbreak of the illness continues to spread in the UK, the government has introduced stricter lockdown measures, closing all non-essential shops. Sales at John Lewis have declined by 17% year-on-year since the middle […]

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Premier Foods (LON:PFD) shares soared on Monday as the company saw sales rise in March amid the outbreak of COVID-19. Shares in the owner of the Mr Kipling brand were up by more than 20% during trading on Monday. The company said that UK sales are expected to have grown by roughly 7.3% in the […]

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Volkswagen AG (ETR:VOW3) said on Thursday that the outbreak of COVID-19 has had a “significant” impact on its business. Shares in the German company were up during trading on Thursday. Based on preliminary figures, Volkswagen now expects first quarter sales revenue to amount to roughly €55 billion. Meanwhile, operating profit is expected to plunge to […]

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Retail sales in the UK took a hit in March as measures to contain the spread of COVID-19 were introduced by the British government. UK Head of Retail at KPMG, Paul Martin, said that the illness has changed the consumer landscape “significantly”. Data from the British Retail Consortium revealed that, on a total basis, sales […]

The post COVID-19: retail sales plunge as high streets remain empty appeared first on UK Investor Magazine.

New data revealed on Wednesday that 66% of businesses have furloughed a proportion of their staff under the British government’s coronavirus Job Retention Scheme. As the illness continues to spread, many are struggling to overcome the financial challenges caused by the measures to contain the virus. Indeed, stricter lockdown measures in the UK have caused […]

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News emerged on Wednesday that the UK banking and finance sector has lent more than £1.1 billion to small and medium-sized businesses in order to help them survive during the COVID-19 crisis. Support has been provided through the Coronavirus Business Interruption Loan Scheme (CBILS). UK Finance said that total lending has increased by 150% to […]

The post COVID-19: over £1.1 billion lent to SMEs appeared first on UK Investor Magazine.

Burger King adverts promoting the fast food chain’s vegan burger were banned on Wednesday for misleading consumers. Adverts for the Rebel Whopper were seen in January as part of the Veganuary campaign, which encourages consumers to follow a vegan diet for a month. These advertisements described the product as a “plant-based burger” and “100% Whopper […]

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New data revealed on Tuesday that lenders have offered over 1.2 million mortgage payment holidays in order to help support those struggling financially amid the COVID-19 crisis. In the UK, one in nine mortgages are now subject to a payment holiday, according to UK Finance. For the average mortgage holder, the payment holiday amounts to […]

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Heathrow saw its passenger numbers decline in March as the UK entered lockdown in order to help contain the spread of COVID-19. Passenger numbers at the London airport dropped by 52% last month, when compared to the same period a year earlier. Many nations have been placed under lockdown to help fight the spread of […]

The post Heathrow passenger numbers fall appeared first on UK Investor Magazine.

Next (LON:NXT) announced on Tuesday that it has reopen its online business after putting measures in place to protect employees from COVID-19. Shares in the British retailer were up during trading on Tuesday. Next had temporarily closed its online business at the end of March, alongside its warehousing and distribution operations. Next said on Tuesday […]

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Heineken N.V. (AMS:HEIA) shares dropped on Wednesday after the company announced that it has withdrawn all guidance for 2020 as the COVID-19 outbreak continues to evolve. Shares in the Dutch brewing company were down by almost 3% during trading on Wednesday. Given the uncertainty surrounding the duration of the pandemic and its impact on the […]

The post Heineken withdraws 2020 guidance amid COVID-19 uncertainty appeared first on UK Investor Magazine.

New data revealed on Tuesday that house prices in the UK were stable last month before the measures to contain COVID-19 were put in place. According to the latest Halifax House Price Index, UK house prices in March were 3% higher than the same month a year earlier. Meanwhile, house prices in Britain were flat […]

The post Halifax: UK house prices stable before COVID-19 appeared first on UK Investor Magazine.

Cineworld (LON:CINE) updated the market on Tuesday on its current position amid the evolving COVID-19 crisis. Shares in the cinema chain soared above 40% during trading on Tuesday. The company said that all 787 of its cinemas in 10 countries have been closed as a result of the virus outbreak. Many governments have closed non-essential […]

The post All Cineworld cinemas closed amid COVID-19 appeared first on UK Investor Magazine.

GVC (LON:GVC) shares rose on Monday after it provided an optimistic update concerning the outbreak of COVID-19. Shares in the British sports betting company were up by 19% during trading on Monday. The owner of Ladbrokes had previously warned that COVID-19 would impact its EBITDA by a reduction of roughly £100 million each month. However, […]

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Data revealed on Monday that UK new car registrations plunged in March as the evolving COVID-19 outbreak caused showrooms to close. The Society of Motor Manufacturers & Traders (SMMT) said that UK new car registrations fell by 44% in March, which is a steeper decline than during the financial crisis. Last month was the worst […]

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New data revealed on Monday that more than half of people expect the British economy to be in recession within a year. The data from YouGov reflects the economic fears caused by the outbreak of COVID-19. Many countries have either been placed on total lockdown or closed all non-essential shops, restaurants and bars in order […]

The post YouGov: over 50% expect recession appeared first on UK Investor Magazine.

Barclays (LON:BARC) announced on Monday that it will aim to be a “net zero bank” by 2050. Shares in the bank were down by over 4% during trading on Monday. The bank has also committed to align all of its financing activities with the goals and timelines of the Paris Agreement. “The alignment of Barclays’ […]

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EasyJet shares (LON: EZJ) fell on Monday after the low-cost airline announced that it has grounded its entire fleet of aircraft. Shares in the airline were down by over 7% during trading on Monday. “As a result of the unprecedented travel restrictions imposed by governments in response to the coronavirus pandemic and the implementation of […]

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The British Airline Pilots Association (BALPA) released a statement on Wednesday concerning talks between airlines and the government as the COVID-19 outbreak escalates. “Talks are ongoing with airlines and the Government to look at how best to support the aviation industry though the current coronavirus crisis,” the BALPA said in a statement. It continued to […]

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New data on Wednesday from the Office for National Statistics revealed that house prices grew at a slower rate in January. Average house prices in Britain rose by 1.3% over the year to January 2020, down from the 1.7% growth seen in December 2019. The data from the Office for National Statistics is before the […]

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Persimmon plc (LON:PSN) posted an update on Wednesday concerning the evolving COVID-19 outbreak. Shares in the British housebuilding company were up by over 3% during trading on Wednesday. Since the British government announced new lockdown rules at the start of the week, Persimmon has taken “further measures”. The housebuilding company will close all of its […]

The post Persimmon closes offices and construction sites appeared first on UK Investor Magazine.

“You must stay at home,” Boris Johnson told the nation on Monday evening. As COVID-19 continues to spread across the world, the British government has accelerated measures to help contain the spread of the virus. This means that we must all stay indoors as much as possible. Whist many will rejoice at the thought of […]

The post Social distancing: how to pass the time indoors appeared first on UK Investor Magazine.

Boris Johnson addressed the nation on Monday evening to outline new rules people must follow in order to help contain the spread of COVID-19. “All over the world we are seeing the devastating impact of this invisible killer,” the Prime Minister said. “And so tonight I want to update you on the latest steps we […]

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Associated British Foods plc (LON:ABF) shares fell on Monday after it announced that all Primark stores will shut amid the evolving COVID-19 outbreak. Shares in the company were down by almost 8% during trading on Monday. Associated British Foods said that all 376 Primark stores in 12 countries are now “closed until further notice”. It […]

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McDonald’s (NYSE:MCD) will close all restaurants in the UK and Ireland by 7pm this evening, the fast food company announced in a statement on Twitter. As the COVID-19 outbreak continues to evolve, the British government has been accelerating measures to contain the spread of the illness. On Friday Boris Johnson told cafes, pubs, bars and […]

The post McDonald’s to close all restaurants in UK and Ireland appeared first on UK Investor Magazine.

JD Wetherspoon plc (LON:JDW) shares soared on Friday after it posted a rise in profit for the half year. Shares in the pub company were up by over 30% during trading on Friday. For the 26 weeks ended 26 January 2020, profit before tax rose by 15.2% to £57.9 million, up from the £50.3 million […]

The post JD Wetherspoon profit climbs but COVID-19 hits current sales appeared first on UK Investor Magazine.

Marks and Spencer Group plc (LON:MKS) issued a warning on Friday concerning the business impacts related to the evolving COVID-19 outbreak. Shares in the British retailer were down during trading on Friday. Marks and Spencer warned that trading over the next 9-12 months in its clothing and home and international business will be “severely impacted” […]

The post COVID-19: Marks and Spencer expects trading hit appeared first on UK Investor Magazine.

Boris Johnson revealed yesterday that all schools in the UK are to close from Friday in order to help contain the spread of COVID-19. “The objective is to slow the spread of the virus and as I say we judge that this is the right moment to do that,” the Prime Minister said in a […]

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Next plc (LON:NXT) warned on Thursday that the “greatest challenge” it faces concerning the evolving COVID-19 outbreak is the risk it poses to demand. The company said that it must prepare for a “significant downturn” in sales as the situation continues to develop. Shares in Next rose by over 10% on Thursday. The company did […]

The post Next warns “greatest challenge” will be demand appeared first on UK Investor Magazine.

Burberry Group plc (LON:BRBY) saw its shares fall on Thursday after the luxury fashion brand updated the market on COVID-19 related business impacts. Shares in the company were down by over 3% during Thursday morning trade. Burberry said that trading has “deteriorated significantly” since 24 January. Over the last six weeks, the company has seen […]

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Superdry plc (LON:SDRY) shares crashed on Wednesday after the company issued a warning concerning the evolving COVID-19 outbreak. Shares in the fashion retailer were down by over 21% during trading on Wednesday. Superdry said that it is experiencing “unprecedented challenges” as the virus continues to spread. In order to mitigate the impact of the illness, […]

The post COVID-19: Superdry struggles with store closures appeared first on UK Investor Magazine.

As the COVID-19 outbreak continues to evolve in the UK, I have decided to do my bit to help contain the spread of the virus by staying indoors and reducing social interaction. This hasn’t been easy for me; as someone who goes to the gym several times a week, enjoys dining out and spending time […]

The post COVID-19: tips and advice on social distancing appeared first on UK Investor Magazine.

The government revealed yesterday a plan to help safeguard the British economy from the evolving outbreak of COVID-19. As measures to contain the spread of the virus have been put in place, several businesses are being negatively hit. Indeed, many people are staying indoors during a time when they are being told to self-isolate to […]

The post Government reveals plan to help businesses amid COVID-19 appeared first on UK Investor Magazine.

BMW Group (ETR:BMW) shares dropped on Wednesday after the company issued a statement concerning to the evolving COVID-19 outbreak. Shares in the German company were down by almost 6% during Wednesday morning trade. BMW said that the uncertainty surrounding the spread of COVID-19 makes it difficult to accurately forecast the group’s business performance for the […]

The post BMW expects COVID-19 hit, shares down appeared first on UK Investor Magazine.

Laura Ashley Holdings plc (LON:ALY) shares crashed on Tuesday after the company announced that it has filed for administration. Shares crashed over 60% following the news. The British retailer said that the COVID-19 outbreak has had an “immediate and significant impact” on trading. As the virus continues to spread across the world, many businesses have […]

The post Laura Ashley collapses as COVID-19 hits appeared first on UK Investor Magazine.

Many companies around the globe are cancelling or suspending business travel as a result of the coronavirus, according to new data. The latest data from the Global Business Travel Association (GBTA) revealed that business travel to Asia has been hit particularly hard. Indeed, at least three out of every four companies have cancelled or suspended […]

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Ryanair (LON:RYA) announced on Tuesday that it will be lowering its passenger target for 2020 by 3 million as a result of Italy’s coronavirus lockdown. Shares in the budget airline were trading over 7% higher on Tuesday. The Irish airline said that its 2020 passenger target will be lowered from 154 million to 151 million. […]

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Italy is now on lockdown as the outbreak of the coronavirus continues to evolve. Over 9,000 people have now been infected by the virus, with cases confirmed in all 20 of Italy’s regions. “We’re having an important growth in infection… and of deaths,” Italian Prime Minister Giuseppe Conte said, according to the BBC. “The whole […]

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Data revealed on Tuesday that year-on-year supermarket sales have risen by the quickest rate over the past 12 weeks since last November. However, the Kantar data showed that some supermarkets have benefited more than others. Out of the big four grocers, Sainsbury’s (LON: SBRY) was the only retailer to increase its year-on-year sales, rising by […]

The post Kantar: sales growth at Sainsbury’s, hand sanitiser sales surge 255% appeared first on UK Investor Magazine.

Many companies in this day and age vow to encourage diversity throughout their business. But how many of these firms have boards which reflect this very mindset? We’ve taken a look at some of the most and least diverse FTSE 100 boards in terms of gender and ethnic equality. Barclays (LON:BARC) Let’s start with one […]

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The coronavirus outbreak in Europe has accelerated over the past few days as Italy has become a hotbed of the infection. Latest figures show that cases of the virus in Italy have risen to 400, whilst the UK has only 15 confirmed cases. The outbreak in Italy is centred in the north of the country, […]

The post Coronavirus: hysteria and business warnings appeared first on UK Investor Magazine.

The Financial Conduct Authority (FCA) warned of a data breach on Tuesday as it admitted to revealing the details of roughly 1,600 people by mistake. “As soon as we became aware of this, we removed the relevant data from our website,” the FCA said in a statement. The FCA said that, in a response to […]

The post FCA faces data breach after accidentally publishing customer information appeared first on UK Investor Magazine.

Digbeth has been named the top area in Birmingham for residential property investment, new data from SevenCapital revealed. It was announced earlier this month that HS2, the high-speed rail network which connects London to Birmingham, Manchester, and Leeds, will be going ahead. This development is likely to give Birmingham a further boost in popularity as […]

The post Digbeth named best Birmingham location to invest in property appeared first on UK Investor Magazine.

I started the new decade with a long weekend trip to Copenhagen. Having heard nothing but positive talk about the city, I was ready to go and explore the Scandinavian dream for myself. Thanks to Ryanair’s (LON:RYA) Black Friday sale, me and my partner snapped up flights for a ridiculously cheap £14 return. We found […]

The post A small guide to Copenhagen appeared first on UK Investor Magazine.

Fears rise as the deadly coronavirus continues to spread across the world. Last week, the World Health Organisation said that the international community has launched a $675 million plan to prepare and respond to the coronavirus outbreak over the next few months. Sunday was one of the deadliest days as the number of people killed […]

The post Coronavirus: updates appeared first on UK Investor Magazine.

The UK government said on Wednesday that Ofcom will be given the power to regulate social media platforms in order to create a safer online environment. In an attempt to achieve the government’s pledge to make the UK the safest place in the world to be online, Ofcom will be given new powers to ensure […]

The post Ofcom given power to regulate UK internet appeared first on UK Investor Magazine.

New data revealed that house prices rose in the month of January as the outcome of December’s general election seems to have provided some political stability. According to the latest Halifax House Price Index, house prices in January were 4.1% higher than in the same period a year prior. The data also revealed that house […]

The post Halifax: house prices grow in January appeared first on UK Investor Magazine.

A Youtube advert for PrettyLittleThing (LON:BOO) was banned on Wednesday as a result of its “overly sexualised” nature. PrettyLittleThing is owned by Boohoo Group alongside boohoo, boohooMAN, Nasty Gal, MissPap, Karen Millen and Coast. The brands have signed several Love Island stars recently to boost sales and drive social media activity. However, the Advertising Standards […]

The post PrettyLittleThing “overly sexualised” ad banned appeared first on UK Investor Magazine.

News emerged on Wednesday that British Airways (LON:IAG) has suspended all of its direct flights to and from China. American Airlines (NASDAQ:AAL) has also cancelled routes. Indeed, fears over the deadly coronavirus are rising as cases have been reported outside of China. The virus outbreak has killed 132 people in China, with almost 6,000 people […]

The post Coronavirus: reactions appeared first on UK Investor Magazine.

Boeing (LON:BOE) posted an annual loss on Wednesday as its results continue to be significantly hit by the grounding of its 737 MAX planes. Shares in the company were trading over 3% higher on Wednesday afternoon. Boeing said that net loss for 2019 amounted to $636 million, compared to a profit of $10.5 billion recorded […]

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News broke on Wednesday that British Airways (LON:IAG) has suspended all of its direct flights to and from China. Shares in International Consolidated Airlines Group were up during trading on Wednesday. The suspension of flights comes as fears over the coronavirus mount. The virus outbreak has killed 132 people in China, with almost 6,000 people […]

The post BA suspends all flights to China as coronavirus fears rise appeared first on UK Investor Magazine.

Ovo Energy has been fined £8.9 million for giving customers inaccurate information and overcharging them due to IT issues. The industry regulator Ofgem said on Wednesday that these breaches happened because the energy supplier did not ensure its processes and governance were capable of complying with Ofgem’s rules. Over 500,000 customers received inaccurate annual statements […]

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The Financial Conduct Authority has said that 7 out of 10 overdraft users will be better off or see no change when the new rules are enforced in April. Roughly 14 million people utilise an unarranged overdraft each year. Salman Haqqi, personal finance editor at money.co.uk, shared some comments: “While the new FCA overdraft rules […]

The post FCA: 7 out of 10 users will be better off or see no change with new overdraft rules appeared first on UK Investor Magazine.

Latest figures revealed on Thursday that nearly 60,000 jobs were shed in the retail sector last year. The news should not come as a surprise given that retail sales growth data for 2019 makes it “the worst year on record”. The British Retail Consortium said that retail lost the equivalent of 57,000 jobs last year. […]

The post Nearly 60,000 jobs shed from UK retail in 2019 appeared first on UK Investor Magazine.

ASOS (LON:ASC) shares rose on Thursday after the online fashion retailer posted a rise in revenue for the four months ended 31 December. Shares in the company were up by 5% during Thursday morning trading. The online fashion retailer said that revenue growth was driven by a “record” Black Friday trading period. The results will […]

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The Chief Executive Officer of BlackRock said on Wednesday in an interview with Bloomberg that climate change could become a risk to investors. BlackRock’s CEO Larry Fink commented on the topic during an interview with the Editor-In-Chief of Bloomberg John Micklethwait at Bloomberg’s The Year Ahead event, which is held alongside the World Economic Forum […]

The post BlackRock CEO says climate change is an investment risk appeared first on UK Investor Magazine.

Ted Baker (LON:TED) shares plunged on Wednesday after the high-end fashion retailer said that it had overstated the value of its inventory. Shares in the company were trading almost 6% lower on Wednesday. At the start of December, Ted Baker said that it would appoint independent accountants to conduct a review of its stock inventory […]

The post Ted Baker shares plunge after value of inventory overstated by £58m appeared first on UK Investor Magazine.

Sainsbury’s (LON:SBRY) shares were down on Wednesday after the supermarket chain announced that its Chief Executive is set to retire. Shares in the company were down over 2% during Wednesday morning trading. After almost six years as Chief Executive and fifteen years working for Sainsbury’s, Mike Coupe said that he will retire later this year. […]

The post Sainsbury’s CEO set to retire, shares down appeared first on UK Investor Magazine.

New data revealed on Monday that UK house prices have grown at a record rate following last month’s general election. Rightmove’s House Price Index revealed that the price of property coming to market increased by 2.3%, making it the “largest monthly rise” ever seen at this time of the year. Between 8 December and 11 […]

The post Election result provides stability to UK housing market appeared first on UK Investor Magazine.

The UK Household Finance Index rose to a 12-month high on Monday, new data revealed. Indeed, the IHS Markit UK Household Finance Index rose to 44.6 in January, up from 43.2 recorded in December and the highest it’s been in 12 months. The survey measures households’ views on financial wellbeing. The figure is “indicative of […]

The post UK Household Finance Index up in January appeared first on UK Investor Magazine.

Fever-Tree (LON:FEVR) shares plunged on Monday after the business said that the Christmas trading period was a “challenging” one in the UK. Shares in the producer of premium drink mixers were down over 20% during Monday morning trading. The company revealed that group revenue is expected to amount to £260.5 million. However, Fever-Tree said that […]

The post Fever-Tree shares plunge after “challenging” Christmas appeared first on UK Investor Magazine.

Data revealed on Friday that 75% of income is required to rent in the nation’s capital. The latest research by the lettings and sales agent Benham and Reeves revealed that the amount of net income needed to pay rent has increased to 45.5% in England, and accounts for 74.8% of the average salary in London. […]

The post Rent in London soars appeared first on UK Investor Magazine.

Last night saw ITV’s (LON:ITV) hit reality TV show Love Island return to our screens for its first ever Winter edition of the show. Islanders entered a villa in South Africa, where they will couple up and aim to find love over the next few weeks. Viewers will vote for their favourite couple as they […]

The post Love Island: fame and fortune appeared first on UK Investor Magazine.

House prices grew by 4% in December when compared to the same month a year prior, new data on Wednesday revealed. Halifax’s House Price Index also revealed that, on a monthly basis, house prices increased by 1.7%. Economic uncertainty is expected to “ease” over this year, Halifax’s Managing Director Russell Galley said in the report. […]

The post Halifax: house prices rise in December appeared first on UK Investor Magazine.

Greggs (LON:GRG) said on Wednesday that it will share a £7 million bonus among its employees after an “exceptional” year for the business. The British bakery chain said that it has ended 2019 in a “very strong financial position”. For the 2019 financial year, total sales rose by 13.5% and company-managed shop like-for-like sales increased […]

The post Greggs announces £7 million employee bonus after successful year appeared first on UK Investor Magazine.

The year has only just begun and Love Island is returning to our screens. ITV’s (LON:ITV) hit show is taking place in winter for the first time, to provide us with a little bit of sun all year round. Islanders will be heading to a villa in South Africa, hoping to find love over the […]

The post ITV’s Love Island returns with winter edition appeared first on UK Investor Magazine.

New data revealed that meat eaters saved £6.7 billion last year by cutting down on their meat consumption. It is estimated that over 12 million meat eaters decided to eat less pork, beef, lamb and chicken in 2019. By doing so, they saved themselves roughly £550 each. The research of 2,000 adults commissioned by the […]

The post Meat eaters save money by cutting down on meat consumption appeared first on UK Investor Magazine.

New data revealed on Monday that the UK new car market declined in 2019 as a result of general political and economic turmoil. The Society of Motor Manufacturers and Traders revealed that UK new car registrations dropped by 2.4% last year to 2.3 million. Annual registrations declined for the third consecutive year. The trade association […]

The post SMMT: UK new car market declines in 2019 appeared first on UK Investor Magazine.

It’s January which means one thing – Veganuary is back. Participants of the challenge switch to eating a plant-based diet, known as a vegan diet, for a month and remove all animal products from their system. Veganism may seem extreme, but it actually boasts a variety of health an environmental benefits. Consumers of a vegan […]

The post Greggs, Subway and KFC cater for Veganuary appeared first on UK Investor Magazine.

The Queen gave her speech yesterday in which the government revealed its plans for the year. It was announced in the speech that there will be an increase in tax credits available to companies through the Research and Development scheme. Sarah Collins, Director of RIFT Research and Development Ltd, has provided a comment on the […]

The post Director of RIFT Research and Development comments on Queen’s Speech appeared first on UK Investor Magazine.

A study has found that generous parents plan to buy their children’s entire wish list and more this Christmas. Indeed, a study of 2000 parents of 5-16-year-olds revealed that the average child has requested nine presents, but their parents intend to splash out and buy them at least twelve gifts. Over a fifth said that […]

The post Study finds how generous parents are at Christmas appeared first on UK Investor Magazine.

News emerged only yesterday that the Bank of England has decided to keep interest rates on hold at 0.75%. With last week’s general election out of the way, UK politics can now turn its attention back to resolving the Brexit induced political and economic uncertainty to hit the United Kingdom. Dr Kerstin Braun, President of […]

The post President of Stenn: Boris to provide UK with “much-needed solidity” appeared first on UK Investor Magazine.

News emerged only yesterday that UK unemployment has reached its lowest rate since the three month period to January 1975. Indeed, the Office for National Statistics said that the unemployment rate reached a low of 3.8%. However, the employment rate reached a record high of 76.2% in the three months to October 2019, according to […]

The post UK employment data: CEO of IW Capital comments appeared first on UK Investor Magazine.

UK house prices grew by the smallest amount since September 2012, new data revealed on Wednesday. Indeed, the Office for National Statistics said on Wednesday that UK average house prices grew by 0.7% over the year to October 2019, amounting to £233,000. The Office for National Statistics said that, over the past three years, there […]

The post UK house prices grow by smallest amount since 2012 appeared first on UK Investor Magazine.

New data revealed on Tuesday that unemployment has reached its lowest rate since the three month period to January 1975. The Office for National Statistics said that the unemployment rate has reached a historic low of 3.8%. Meanwhile, the number of people in employment grew by 24,000 to 32.80 million in the three months to […]

The post UK unemployment rate at lowest level since 1975 appeared first on UK Investor Magazine.

Hollywood Bowl (LON:BOWL) shares rose on Friday after the company posted a 15% increase in its full year profit. Shares in the bowling alley operator were up almost 9% during Friday morning trading. Hollywood Bowl said that, for the year ended 30 September, profit before tax grew by 15.3% to £27.6 million, compared to the […]

The post Hollywood Bowl profit grows, shares rise appeared first on UK Investor Magazine.

Just one day of campaigning remains for parties ahead of tomorrow’s general election. In fact, by the end of the week, the nation’s political outlook just might be a little bit clearer. Parties have taken to social media to campaign ahead of the voting date, to desperately win votes. With just one day to go, […]

The post Election campaigns: the final countdown appeared first on UK Investor Magazine.

Properties located on festive road names with “Christmas” in them have the highest average sold price, new data revealed on Wednesday. GetAgent.co.uk took a look at which festive road names have properties on them with the highest average sold price since last Christmas. It is no coincidence that road names containing the word “Christmas” makes […]

The post Festive road names and the joys they bring to UK home sellers appeared first on UK Investor Magazine.

Stagecoach (LON:SGC) saw its revenue slip in its half year results on Wednesday, also announcing changes to its board. Shares in the transport group were over 6% higher during Wednesday morning trading. Stagecoach said in its half year results that revenue dropped to £800.2 million, compared to the £1.01 billion figure recorded during the first […]

The post Stagecoach H1 revenue slips, board changes appeared first on UK Investor Magazine.

Supermarket sales growth slowed over the past 12 weeks, new data by Kantar revealed on Tuesday. Indeed, year-on-year supermarket sales grew by merely 0.5% as political uncertainty surrounding the upcoming general election weighed on shoppers, Kantar said. Indeed, with Brexit delayed yet again, parties now campaign to win votes ahead of Thursday’s general election. Kantar […]

The post No festive sparkle for UK supermarket sales appeared first on UK Investor Magazine.

Shares in Ted Baker (LON:TED) plunged on Tuesday after the luxury clothing brand issued a profit warning. Shares in the clothing retailer dropped by almost 13% during Tuesday morning trading. Ted Baker said in a trading update that it now expects profit before tax to amount to a minimum of £5 million, possibly reaching £10 […]

The post Ted Baker issues profit warning, bosses quit appeared first on UK Investor Magazine.

Mothercare (LON:MTC) posted a wider loss on Tuesday in its half year results. Shares in the childcare retailer were up during Tuesday morning trading. Mothercare said that, for the 28 week period to 12 October, group loss before tax amounted to £21.2 million, deeper than the £18.5 million loss posted the year prior. Meanwhile, worldwide […]

The post Mothercare posts deeper loss appeared first on UK Investor Magazine.

This week’s election and the uncertainty surrounding Brexit are not preventing Brits from travelling to the EU in 2020, new data revealed on Monday. With just days left before voters cast their votes, Brexit is at the forefront of everyone’s minds as the nation’s departure from the European Union was postponed yet again. However, new […]

The post Political uncertainty not preventing Brits from visiting Europe appeared first on UK Investor Magazine.

The volume of retail trade declined by 0.6% in the euro area, new data revealed on Thursday. Eurostat’s monthly figures show that in October, and compared with September, the seasonally adjusted volume of retail trade saw a 0.6% drop. The volume of retail trade in the euro area declined by 1.1% for non-food products. However, […]

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DMGT shares (LON:DMGT) were up on Thursday after the owner of the Daily Mail reported a rise in profits in its full year results. Shares in the company were over 4% higher during Thursday morning trading. DMGT said that, for the year ended 30 September 2019, adjusted profit before tax rose 19% on an underlying […]

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The UK service sector saw the steepest decline in business activity since March, new data on Wednesday revealed. The GBP/USD is currently trading close to 1.3050, the highest since early May, as polls ahead of the general election show a lead for the Conservatives. The IHS Markit/CIPS UK Services PMI fell to 49.3 in November, […]

The post UK service sector activity drops again in November appeared first on UK Investor Magazine.

Quiz (LON:QUIZ) shares plunged on Wednesday after it posted a half year loss and a decline in group revenue. Shares in the fast fashion brand were down over 11% during trading on Wednesday. The retailer said that, for the six months ended 30 September, loss before tax amounted to £6.8 million, down from a profit […]

The post Quiz shares plunge on half year loss appeared first on UK Investor Magazine.

New build homebuyer activity is expected to spike, new research revealed on Tuesday. A new study by Stone Real Estate revealed that the level of new build properties being sold increases as we approach the December period. This contrasts sales across the regular market, which drop in the run-up to the festive season. The figures […]

The post New build homebuyer activity to increase in December appeared first on UK Investor Magazine.

The Founder and Chief Executive of deVere Group has predicted that the pound will fall to 1.20 against the U.S dollar if the UK election delivers a hung parliament. The GBP/USD is currently trading close to 1.30 as President of the US Donald Trump heads to London. With just over a week to go until […]

The post deVere Group CEO predictions ahead of general election appeared first on UK Investor Magazine.

New data revealed on Tuesday that total retail sales dropped by 4.4% in November compared to the same period in 2018. The British Retail Consortium said that like-for-like sales declined by 4.9% over the month. A major difference between this year’s data and that recorded in November 2018 is that last year’s figures included the […]

The post Retail sales down with later timing of Black Friday appeared first on UK Investor Magazine.

A study has found that 43% of British shoppers expect to spend more than their monthly pay cheque over the festive season. Indeed, 68% of British people said that they intend to use credit cards to fund the additional cost of Christmas, a survey of 1,000 adults in the UK conducted by Creditfix.co.uk found. An […]

The post Dashing through the snow… as Christmas breaks the bank appeared first on UK Investor Magazine.

Four in ten SME owners believe that they are currently going through the most unstable period they’ve ever experienced as a business owner. The findings were revealed in a study of 500 business owners, commissioned by Xero, as part of a report which explores the future of small businesses. According to the report, 54% of […]

The post The challenges faced by SMEs appeared first on UK Investor Magazine.

Business and professional services firms are negative about the outlook for business expansion over the next year, new data revealed on Thursday. The Confederation of British Industry said that sentiment about the general business situation continued to diminish, but this occurred at a slower pace than in the previous quarter. New data revealed that business […]

The post Sentiment falls at business and professional services firms appeared first on UK Investor Magazine.

British car production has declined for 16 out of the past 17 months, new data revealed on Thursday. The Society of Motor Manufacturers and Traders announced on Thursday that UK car manufacturing output dropped by 4% in October, when compared to the same month a year prior. Indeed, 5,622 fewer models were produced in comparison […]

The post UK car production down for 16 out of last 17 months appeared first on UK Investor Magazine.

Transport for London announced yesterday that it will not be renewing Uber’s (NYSE:UBER) licence to operate in London, insisting that it is not “fit and proper”. Uber’s past itself is filled with controversies, including its poor workplace culture and the treatment of its drivers. Having revealed several breaches to the safety and security of passengers, […]

The post London Uber ban: reactions appeared first on UK Investor Magazine.

Topps Tiles shares (LON:TPT) were down on Tuesday after the retailer warned that consumer demand has weakened even further since the general election was called in October. Shares in the tile retailer were 3% lower during Tuesday morning trading. The UK was granted yet another extension to its European Union departure deadline, prolonging the period […]

The post Topps Tiles shares decline on election warning appeared first on UK Investor Magazine.

Pets at Home shares (LON:PETS) rose on Tuesday after the UK’s largest pet supplies retailer saw its profits increase for the half year. Shares in the company were up almost 10% during Tuesday morning trading. Pets at Home said it had a “strong” first half period over the 28 weeks to 10 October. Group underlying […]

The post Pets at Home shares rise on “strong” H1 appeared first on UK Investor Magazine.

Transport for London announced on Monday that it will not be renewing Uber’s (NYSE:UBER) licence to continue to operate in the nation’s capital. Uber is not “fit and proper,” said the body responsible for travel in London. TFL recognised that Uber has made several positive changes to its culture, leadership and systems since it was […]

The post Uber loses licence to operate in the capital appeared first on UK Investor Magazine.

Data revealed on Monday the prime streets in London where buyer activity remains “robust”. The findings are set against the backdrop of a wider property market freeze amid an uncertain political climate as the nation prepares to depart from the European Union. The London lettings and estate agent Benham and Reeves took a look at […]

The post The top end of the London property market appeared first on UK Investor Magazine.

The owner of Louis Vuitton (EPA:MC) confirmed on Monday that it will acquire Tiffany (NYSE:TIF) in a $16.2 billion deal. The jewellery maker, whose little blue boxes have become iconic, was founded in 1837 after Charles Lewis Tiffany opened the first store in downtown Manhattan. Luxury group LVMH said that its acquisition of Tiffany will […]

The post Louis Vuitton owner to acquire Tiffany in $16 billion deal appeared first on UK Investor Magazine.

New data revealed on Friday that the Flash UK Services PMI fell to the lowest reading since July 2016. The GBP/USD fell below 1.29 following the gloomy PMI data. The IHS Markit/CIPS Flash UK Services PMI Business Activity Index fell to 48.6 in November, indicating a modest reduction in service sector output. The report said […]

The post Flash UK Services PMI at lowest level since July 2016 appeared first on UK Investor Magazine.

Nationwide Building Society reported a decline in profits on Friday in a half year report. The company said that underlying profit before tax amounted to £307 million, down when compared to the £460 million figure recorded during the first half of the year prior. Nationwide Building Society explained that profits during the period were affected […]

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Shares in Royal Mail (LON:RMG) plunged on Thursday as the postal service and courier company said that its transformation plan is behind schedule. Shares in the company were down over 17% during Thursday morning trading. Royal Mail also warned that weak GDP and ongoing business uncertainty is expected to negatively impact the business in the […]

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Fever-Tree (LON:FEVR) warned on Wednesday that “short-term headwinds” in its UK market will hit its revenue for the full year. Shares in the producer of drink mixers were up during Wednesday morning trading. Fever-Tree blamed tough comparators with last summer and a slowdown in consumer spending. “Our performance has been behind our expectations in the […]

The post Fever-Tree loses its sparkle in UK appeared first on UK Investor Magazine.

Manufacturers in the UK saw a rise in orders in November, but remained below the long-run average. Data from the Confederation of British Industry revealed that 13% of manufacturers reported total order books higher than normal, whilst 40% said that they were below normal. This gives a balance of -26%, up from the -37% balance […]

The post UK manufacturing still below long-run average appeared first on UK Investor Magazine.

Moss Bros (LON:MOSB) announced on Tuesday that it will appoint Ted Baker’s current interim Chief Financial Officer as its new CFO. Shares in the suit retailer were up during Tuesday morning trading. Moss Bros said that the current interim CFO at Ted Baker (LON:TED), Bill Adams, will take over the role from Tony Bennett. Tony […]

The post Moss Bros hires Ted Baker’s interim CFO appeared first on UK Investor Magazine.

EasyJet (LON:EZJ) delivered its full year results in line with expectations on Tuesday, though headline profit before tax plunged compared to the year prior. Shares in the low cost airline were up during Tuesday morning trading. The airline posted its results “against the background of a difficult year”. EasyJet revealed that headline profit before tax […]

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Last week, John Lewis & Partners, together with Waitrose & Partners, released their Christmas advert featuring the character #ExcitableEdgar. However, the John Lewis Partnership is not alone in releasing a yearly heart-warming advert ahead of the festive season. We’ve taken a look at what other retailers have produced this year to get consumers excited for […]

The post Battle of the Christmas adverts appeared first on UK Investor Magazine.

The price of property coming to market fell by 1.3% this month, new data revealed on Monday. Meanwhile, there were 14.9% fewer new sellers than in the same period a year prior, Rightmove’s House Price Index revealed, the largest year-on-year drop since August 2009. The report said that sellers were deterred by bleak price growth […]

The post UK property market hit by election uncertainty appeared first on UK Investor Magazine.

New data revealed on Thursday that retail sales saw the lowest growth since April 2018. Data from the Office for National Statistics showed that, in the three months to October, retail sales increased by 0.2% when compared to the three months prior. Meanwhile, the quantity bought in the month of October declined by 0.1% compared […]

The post Retail sales grow at slowest rate since April 2018 appeared first on UK Investor Magazine.

The countdown to Christmas has begun, and John Lewis & Partners, together with Waitrose & Partners, have released their yearly advert for the festive season. Watch the advert below: [youtube https://www.youtube.com/watch?v=r9D-uvKih_k] This year, the advert features #ExcitableEdgar who attempts to fit in with the community but finds his fire-breathing just doesn’t seem to work in […]

The post Countdown to Christmas: John Lewis Christmas advert appeared first on UK Investor Magazine.

Vodafone (LON:VOD) revealed a half year loss on Tuesday, blaming a court ruling in India. Shares in the British multinational telecommunications company were trading almost 3% higher on Tuesday. Vodafone said that loss for the six months ended 30 September amounted to €1.9 billion. The company added, however, that this “primarily reflects losses in relation […]

The post Vodafone posts half year loss appeared first on UK Investor Magazine.

New data revealed on Tuesday that growth has slowed for supermarkets in the UK as political uncertainty and a very damp autumn provided a backdrop for sales. The latest Grocery Market Share report by Kantar revealed that year-on-year supermarket sales grew by 1.0% over the past 12 week period. “This period saw an increased focus […]

The post Kantar: growth slows for supermarkets appeared first on UK Investor Magazine.

ITV (LON:ITV) said on Tuesday in a third quarter trading update that it is on track to deliver its full year guidance. Shares in the broadcaster were up during trading on Tuesday morning. ITV said that it will deliver is full year guidance. It is confident that ITV Studios will deliver revenue growth of at […]

The post ITV confirms full year guidance appeared first on UK Investor Magazine.

New data revealed on Monday that UK gross domestic product grew at the weakest rate year-on-year since 2010. The GBP/USD is trading around 1.28 on the missed GDP expectations. The Office for National Statistics said on Monday that UK GDP increased by 0.3% in the third quarter from July to September, following a 0.2% decline […]

The post GDP grows at slowest rate since 2010 appeared first on UK Investor Magazine.

Shares in Greggs (LON:GRG) soared on Monday after it raised its expectations for full year profit following a “very strong” trading performance in the fourth quarter. Shares in the UK’s largest bakery chain were up 17% during Monday morning trading. For the six weeks to 9 November, total sales were up 12.4%. Additionally, company-managed shop […]

The post Greggs rolls through high street gloom, shares soar appeared first on UK Investor Magazine.

October saw a “modest” rise in the demand for staff across the UK, new data revealed on Friday. The UK Report on Jobs data, by KPMG and the Recruitment and Employment Confederation (REC), shows that the rate of vacancy growth was the slowest to occur since January 2012. Demand for both permanent and short-term workers […]

The post REC: “modest” rise in demand for staff, uncertainty prevails appeared first on UK Investor Magazine.

Aston Martin (LON:AML) posted a third quarter loss on Thursday, sending shares down. Shares in the luxury sports car manufacturer were trading over 2% lower on Thursday morning. Aston Martin said that, for the three months to 30 September, loss before tax amounted to £13.5 million, compared to the £3.1 million profit generated during the […]

The post Aston Martin posts Q3 loss appeared first on UK Investor Magazine.

New data revealed on Thursday that UK annual house price growth slowed down in October to 0.9% – the lowest growth seen in 2019. Halifax’s House Price Index indicated that house prices in October were 0.9% higher than those recorded a year prior. Meanwhile, the data shows that house prices in October were 0.1% lower […]

The post Halifax: annual house price growth slows in October appeared first on UK Investor Magazine.

Sainsbury’s (LON:SBRY) revealed a decline in profits on Thursday in its half year results. Shares in the supermarket chain were up during trading on Thursday morning. Sainsbury’s said that, for the 28 weeks to 21 September, underlying profit before tax declined by 15% to £238 million, compared to the £279 million figure recorded for the […]

The post Sainsbury’s profits take a hit appeared first on UK Investor Magazine.

Topps Tiles (LON:TPT) announced on Tuesday that its Group Chief Executive had decided to step down. Shares in the UK’s largest tile specialist were down during trading on Tuesday. The company revealed that Group Chief Executive Matt Williams has decided to leave his position with effect from 29th November 2019. Meanwhile, the current Chief Financial […]

The post Topps Tiles CEO leaves, replaced by CFO appeared first on UK Investor Magazine.

New data released on Tuesday revealed that the UK’s service sector flatlined in October. The GBP/USD was last trading below 1.29 following the release of the data. The IHS Markit/CIPS UK Services PMI Business Activity Index increased to 50.0 in October, up from the 49.5 registered in September, revealing no change in service sector output. […]

The post PMI: UK service sector “flatlines” in October appeared first on UK Investor Magazine.

New data released on Tuesday revealed a rise in UK retail sales in October as retailers began an “extraordinary period of discounting”. The British Retail Consortium said on Tuesday that total sales rose 0.6% year-on-year in October and like-for-like sales increased 0.1% year-on-year. However, the Chief Executive of the British Retail Consortium warned that the […]

The post UK retail sales rise 0.6% in October appeared first on UK Investor Magazine.

New data revealed on Monday that over 50% of offices do not employ eco-friendly features. Commercial property agents SavoyStewart.co.uk surveyed 1,644 UK office workers on their opinions towards eco-friendly efforts in the workplace. Those who took part were asked to score their current office in terms of eco-friendliness. The data reveals an average score of […]

The post Workplaces need to be more eco-friendly, study finds appeared first on UK Investor Magazine.

Shares in Mothercare (LON:MTC) were sent crashing on Monday morning following the announcement that its UK business is on the edge of collapse. Shares in the child care retailer crashed over 25% during Monday morning trading, and were dropping rapidly. Founded in 1961, it has been publicly listed on the London Stock Exchange since 1971. […]

The post Mothercare set to call in administrators appeared first on UK Investor Magazine.

International Airlines Group (LON:IAG) took a hit on Thursday after industrial action from pilots “heavily impacted” its third quarter. Shares in the owner of British Airways were up during trading on Thursday. Representing over 10,000 pilots, the British Airline Pilots’ Association (BALPA) went ahead with strikes in September and caused a large amount of flights […]

The post IAG Q3 profits hit by BA strike appeared first on UK Investor Magazine.

UK car production fell 3.8% in September, new data revealed on Thursday. The Society of Motor Manufacturers and Traders said that UK car output dropped 3.8% to 122,256 units, rounding off a “turbulent” first nine months. Almost 5,000 fewer units were built compared to September last year. The data marks a 15-month period of decline […]

The post UK car production down 3.8% in September appeared first on UK Investor Magazine.

Volkswagen (ETR:VOW3) posted a rise in sales revenue and profit on Wednesday. Shares in the German multinational automotive manufacturing company were up during trading on Wednesday. Volkswagen said that, in the first nine months of the current financial year, it performed well amid a “difficult” market environment. The carmaker said that, between January and September, […]

The post Volkswagen’s sales revenue and profit grow appeared first on UK Investor Magazine.

New data has found that it costs British home sellers an average of £21,721 to sell their home in current market conditions. The research by the estate agent comparison website GetAgent.co.uk takes a look at the most expensive areas to sell homes. GetAgent.co.uk examined the current cost of selling across the UK based on the […]

The post Study finds most expensive areas to sell homes in UK appeared first on UK Investor Magazine.

A quarter of all phones taken to university will be smashed or misplaced by the end of students’ freshers year, new data revealed on Tuesday. The study by Endsleigh Insurance Services involved 2,000 parents of current university students. Additionally, as many as 16% will also lose house keys. Almost one in ten students have already […]

The post Freshers break the bank as they misplace valuables appeared first on UK Investor Magazine.

BP (LON:BP) revealed a hit to its underlying replacement cost profit in its third quarter results on Tuesday. Shares in the British multinational oil and gas company were down during Tuesday morning trading. Underlying replacement cost profit is BP’s definition of net income. The company said that underlying replacement cost profit for the third quarter […]

The post BP Q3 results take a hit appeared first on UK Investor Magazine.

There was little change in UK house price growth for the month of October, new data revealed on Tuesday. Nationwide’s House Price Index revealed that annual house price growth remained below 1% for the eleventh consecutive month, at 0.4%. Additionally, the data also reveals a month-on-month rise of 0.2%. The data had previously revealed that […]

The post Annual house price growth shows little change, Nationwide appeared first on UK Investor Magazine.

Almost three quarters of Brits put off turning the heating on in their home as a result of concerns surrounding energy costs, new data revealed on Thursday. Conducted by the comparison site Moneyexpert.com, the research revealed that 72% of British people admit to restricting their use of heating because of concerns about energy costs. Moreover, […]

The post Almost three quarters of Brits turn off heating to save money appeared first on UK Investor Magazine.

EOS Scientific’s Ambience CBD is bringing CBD-infused skincare products to the UK high street. The CEO of EOS Scientific said that holistic compounds, like CBD, are “the future of skincare”. The UK’s leading CBD oil testing service, EOS Scientific, has established its brand Ambience CBD as one of the leading CBD providers in the UK. […]

The post EOS Scientific CEO: CBD is “future of skincare” appeared first on UK Investor Magazine.

Getlink (EPA:GET) announced a slight increase in third quarter revenue on Wednesday, in a context hit by uncertainties. Shares in the operator of the Channel Tunnel were down during trading on Wednesday morning. Getlink said that third quarter revenue in 2019 rose to €305.1 million, up only slightly when compared to the same period a […]

The post Getlink Q3 revenue up only slightly appeared first on UK Investor Magazine.

The Northern Women Angel Investment Forum is set to be held on Wednesday in Manchester to drive more investment in women and neutralise investment disparities with men. Figures show that 63% of venture capital firms in the UK do not have any women in senior investment positions. Equally, at the start of October, it was […]

The post Northern Women Angel Investment Forum to be held today appeared first on UK Investor Magazine.

Reckitt Benckiser reduced its full year outlook on Tuesday in a third quarter trading update. The news comes just a day after the British multinational consumer goods company announced the appointment of Jeff Carr as Chief Financial Officer. Shares in Reckitt Benckiser (LON:RB) were down during Tuesday morning trading, trading almost 5% lower. The consumer […]

The post Reckitt Benckiser reduces full year outlook appeared first on UK Investor Magazine.

Pendragon (LON:PDG) posted a drop in third quarter group revenue on Tuesday. Shares in the motor retailer were up during Tuesday morning trading. Pendragon said that for the three months ended 30 September, revenue declined 8%. Underlying profit before tax amounted to £3 million, Pendragon said, an increase of £1.9 million compared to the third […]

The post Pendragon third quarter revenue down appeared first on UK Investor Magazine.

Reckitt Benckiser (LON:RB) announced on Monday the appointment of Jeff Carr as Chief Financial Officer. Shares in the British multinational consumer goods company were down during trading on Monday. Reckitt Benckiser’s current Chief Financial Officer, Adrian Hennah, will retire next year. The consumer goods company added that, as Chief Financial Officer of the business, Jeff […]

The post Reckitt Benckiser announces new Chief Financial Officer appeared first on UK Investor Magazine.

Asking prices for homes in the UK increased by just 0.6% in October, well below the average rise for the month, new data revealed on Monday. Rightmove said that an Autumn bounce usually occurs during this time of the year, with an average rise of 1.6% in October. However, asking prices rose by a “sluggish” […]

The post Asking prices up only 0.6%, Rightmove appeared first on UK Investor Magazine.

Just Eat (LON:JE) said on Monday that its revenue for the third quarter grew by 25%. Shares in the online food order and delivery service were down during Monday morning trading. Just Eat posted a revenue growth of 25% for the three months to 30 September, amounting to £248 million. Group orders were up 16% […]

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News emerged yesterday that a Brexit deal has been struck, and the GBP/USD is trading around 1.29 as we wait for the verdict. MPs will sit in the House of Commons on Saturday to vote on the deal that has been agreed between the UK and the European Union. The exchange rate was sent into […]

The post Brexit deal: UK property market reactions appeared first on UK Investor Magazine.

Renault (EPA:RNO) has revised its guidance for the 2019 financial year as a result of a “less favourable” economic environment. Shares in the French multinational automobile manufacturer plunged on Friday morning, trading over 12% lower. Renault said it now expects its group revenue to decline between 3% to 4%, “due to an economic environment less […]

The post Renault cuts guidance, shares plunge appeared first on UK Investor Magazine.

Unilever said on Thursday that third quarter growth continued to soften in India whilst slowing down in China. Shares in the consumer goods company (LON:ULVR) were up during trading on Thursday morning. Unilever revealed an underlying sales growth of 2.9%, with 1.4% from volume and 1.5% from price. Meanwhile, turnover grew by 5.8% driven by […]

The post Unilever growth slows in India and China appeared first on UK Investor Magazine.

Domino’s Pizza Group announced in a third quarter trading update on Thursday that it will end its international operations. Shares in the pizza delivery chain (LON:DOM) were up during trading on Thursday morning. It said that though the financial results have stabilised, international system sales remain “disappointing”. “Although the financial results have stabilised, the performance […]

The post Domino’s Pizza to quit international operations appeared first on UK Investor Magazine.

The risks to the UK border in the event of a no deal Brexit is now, to a certain extent, out of the government’s control, a report on the nation’s preparedness for Brexit found on Wednesday. The National Audit Office said that, though government departments have done a significant amount to prepare, the largest risks […]

The post NAO: risks to the UK border out of government’s control appeared first on UK Investor Magazine.

News emerged on Wednesday that firms are struggling to meet their normal PPI complaint handling times as a result of a significant spike in complaints during the month of the final deadline. The Financial Conduct Authority said that though firms have measures in place to handle the PPI complaints, several have informed the regulator that […]

The post Firms struggle to meet PPI handling times appeared first on UK Investor Magazine.

ASOS saw its profits crash following warehouse issues, the online fashion retailer revealed on Wednesday. Shares in the company (LON:ASC) were up during trading on Wednesday morning. In its final year results to 31 August, the online fashion retailer announced a 68% crash in profit before tax, amounting to £33.1 million in comparison to the […]

The post ASOS profits crash 68% appeared first on UK Investor Magazine.

New data revealed on Tuesday that almost 14,000 student start-ups and social enterprises generated £821 million in turnover in 2018. Pareto Law’s report shows that the estimated total turnover of the graduate start-ups was more that HelloFresh and Boohoo (LON:BOO), which totalled £802 million and £603 million respectively. The estimated total turnover of graduate founded […]

The post Student start-ups and social enterprises on the rise appeared first on UK Investor Magazine.

The UK unemployment rate increased to 3.9% from June to August, new data from the Office for National Statistics revealed on Tuesday. This was an unexpected rise as the market was expecting the rate to remain at 3.8%. The Office for National Statistics said that in the three months to August 2019, the level of […]

The post UK unemployment at 3.9% appeared first on UK Investor Magazine.

Consumers are preparing more so for Halloween than they are the Brexit deadline day, new grocery market figures from Kantar revealed on Tuesday. Kantar said on Tuesday that year-on-year supermarket sales increased by 1.3% over the past 12 weeks. Halloween and the Brexit deadline will occur on the same date – 31 October. Kantar said […]

The post More preparations for Halloween than Brexit, Kantar appeared first on UK Investor Magazine.

New research revealed on Monday that an average of £90 in excess currency is brought back to the UK from each trip abroad. WeSwap conducted research from a sample of over 2000 adults in the UK, revealing the amount of excess currency returned back to Britain after trips abroad. The research also shows that 27% […]

The post WeSwap: unused foreign currency research appeared first on UK Investor Magazine.

Superdry said on Monday that founder Julian Dunkerton will continue as the fashion retailer’s Chief Executive Officer. Shares in Superdry (LON:SDRY) were up during trading on Monday morning. Indeed, founder of Superdry Julian Dunkerton’s contract as Chief Executive Officer has been extended until April 2021, the company said in a statement. Earlier this year, Superdry […]

The post Superdry founder made CEO until 2021 appeared first on UK Investor Magazine.

International Airlines Group announced on Thursday that it will commit to achieving net zero carbon emissions by 2050. The owner of British Airways is the first airline group worldwide to do so. Shares in International Airlines Group (LON:IAG) were up during Thursday morning trading. International Airlines Group said that it will “contribute to both the […]

The post IAG supports net zero carbon emissions by 2050 appeared first on UK Investor Magazine.

New data on Thursday revealed that house. buyer enquiries have fallen as Brexit uncertainty discourages people from house purchases. The Royal Institution of Chartered Surveyors’ (RICS) UK Residential Market Survey for the month of September revealed that a more cautious approach from buyers is visible over the month, and the new buyer enquiries net balance […]

The post Brexit uncertainty weighs on house purchases, RICS appeared first on UK Investor Magazine.

GVC (LON:GVC) upgraded its profit guidance range on Wednesday. Shares in the sports betting and gaming group were up during trading on Wednesday morning. The owner of the Ladbrokes brand increased its core profits forecast, predicting that they will now lie in the range of £670 million – £680 million for the full year. Online […]

The post GVC upgrades full year profit guidance, shares up appeared first on UK Investor Magazine.

Hays Travel agreed on Wednesday to acquire 555 Thomas Cook (LON:TCG) stores around Britain. Indeed, the collapsed travel company’s entire UK retail estate will be purchased by Hays Travel. The country’s largest independent travel agent will also provide re-employment opportunities to a “significant number” of Thomas Cook’s retail workers. News emerged at the end of […]

The post Hays Travel acquires Thomas Cook’s UK retail stores appeared first on UK Investor Magazine.

Consumer demand for new homes dropped by 8% over the last year, new data on Wednesday revealed. The Federation of Master Builders’ House Builders’ Survey showed that consumer demand for new homes fell to its lowest level since 2013. The report found that 48% of small house builders blame the fall in buyer demand on […]

The post Consumer demand for new homes falls as Brexit uncertainty weighs appeared first on UK Investor Magazine.

New data revealed on Friday that the UK new car market declined in the first nine months of the year as Brexit uncertainty weighs on consumer confidence. Figures from the Society of Motor Manufacturers & Traders show that the new car market declined by 2.5% over the first three quarters of the year. Registrations in […]

The post UK new car market declines, Brexit uncertainty weighs appeared first on UK Investor Magazine.

Female entrepreneurs in the UK experience the highest levels of gender bias across the globe, according to the latest data. New research by HSBC Private Banking revealed that half of female entrepreneurs in the UK experience bias based on their gender when raising capital for their business. According to the research, the gender bias emerges […]

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Last year saw the smallest reduction in greenhouse gas emissions since 2012, according to a report published by Ofgem on Thursday. Ofgem said that greenhouse gas emissions have dropped by 42% since 1990 – which is more than any other large advanced economy – driven by government policies and the growth of wind and solar […]

The post Ofgem: greenhouse gas progress slows, Big Six lose market share appeared first on UK Investor Magazine.

New data revealed on Thursday that UK service sector activity contracted in September, with companies the least optimistic about future growth of activity since after the Brexit referendum in 2016. The UK is facing a “heightened risk of recession,” said the Chief Business Economist at IHS Markit. The IHS Markit/CIPS UK Services PMI Business Activity […]

The post Service sector activity contracts, risk of recession “heightened” appeared first on UK Investor Magazine.

Ted Baker posted posted a pre-tax loss on Thursday as the retailer battles against “unprecedented” trading conditions. Shares in the British luxury clothing retail business were sent crashing over 35% during trading on Thursday morning. Ted Baker said that profit before tax decreased to a loss of £23 million over the 28 week period to […]

The post Ted Baker posts half year loss, shares crash appeared first on UK Investor Magazine.

H&M shares (STO:HM-B) were up on Thursday after the Swedish multinational fashion retailer posted a rise in profit in its results for the third quarter. The company saw its pre-tax profit grow to SEK 5.0 billion from June to August, up from the SEK 4.01 billion figure recorded the year prior. Net sales increased by […]

The post H&M’s quarterly profits increase, shares up appeared first on UK Investor Magazine.

Topps Tiles (LON:TPT) said on Wednesday that like-for-like sales declined during its fourth quarter, impacted by a difficult economic climate. Shares in the UK’s largest specialist supplier of tiles were down during trading on Wednesday morning. The British retailer said that, in the fourth quarter, like-for-like sales decreased by 1.9%, blaming the “more challenging economic […]

The post Topps Tiles Q4 results hit by weak consumer confidence appeared first on UK Investor Magazine.

Ryanair revealed its passenger volumes for the month of September on Wednesday. Shares in Ryanair were down during Wednesday morning trading. The low budget Irish airline said that it flew 8% more passengers in September. Passenger volumes for the month increased to 14.1 million, up from the 13.1 million figure recorded in 2018. Earlier this […]

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Tesco (LON:TSCO) said on Wednesday that its CEO, Dave Lewis, has decided to step down from his position. Shares in Tesco were up during trading on Wednesday. The Group CEO is set to depart from the business in the summer of 2020, Tesco said on Tuesday in its interim results. Chairman John Allan added that […]

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WPP (LON:WPP) said on Tuesday that it will appoint Sainsbury’s (LON:SBRY) John Rogers as Chief Financial Officer. Shares in WPP were up during trading on Tuesday. John Rogers is currently the Chief Executive Officer of Sainsbury’s Argos. In this position, he has supervised the digital transformation of the business. In his role at Sainsbury’s Argos, […]

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JD Sports (LON:JD) said on Tuesday that its £90 million deal to acquire Footasylum (LON:FOOT) will undergo an additional investigation. The leading trainer and sports fashion retailer in Britain agreed to purchase Footasylum earlier this year in a £90 million deal as its smaller rival struggled for survival amid a gloomy trading environment. The Competition […]

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Greggs said in a Tuesday trading update that it has continued to trade “very strongly” during the third quarter. For the 13 weeks to 28 September, total sales were up 12.4% and company-managed shop like-for-like sales increased by 7.4%. The British bakery chain added that its autumn menu is now available in stores. It features […]

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Nationwide said on Tuesday that house price growth remained subdued in September. Indeed, Nationwide’s House Price Index revealed that UK annual house prices grew by 0.2% in September. This marks the tenth consecutive month in which annual price growth has been below 1%. As for the month of September itself, house prices saw a monthly […]

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New data revealed on Monday that buyer demand dropped in Q3, though Glasgow remains the most highly demanded homebuyer location in the UK. Springbok Properties released its latest Property Hotspots Index for Q3, looking at buyer demand levels across 100 spots in the UK and how this differs from Q2. The data shows that UK […]

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The Civil Aviation Authority said on Monday that it is launching a new process for what is set to be the largest ever ATOL refund programme for Thomas Cook customers. The Civil Aviation Authority added that it will begin focusing on refunding 360,000 ATOL protected holidays booked for the future with Thomas Cook. This is […]

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New research revealed on Friday that, on average, boroughs with a tech giant in the neighbourhood have an average rental cost that is 44% higher than the London average. Howsy, the lettings management platform, looked at the current cost of renting in boroughs that have Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN) and […]

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New data revealed on Friday that many small businesses in the UK have either not prepared or are unable to prepare for a no-deal departure from the European Union. New research from the Federation of Small Businesses shows that 39% of small businesses in the UK believe a no-deal departure from the European Union will […]

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Properties in England have experienced the strongest rental growth in the past five years, new data revealed on Wednesday. The latest research by Ideal Flatmate has examined where in the UK has experienced the largest raise in rental growth over the course of the past five years. The data shows that properties in England have […]

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Energy companies are “still too slow” when it comes to helping customers who are struggling with debt, a report revealed on Wednesday. Ofgem’s report shows that though vulnerable customers get more help, energy suppliers are still not doing enough to help manage debt levels. Ofgem said that the number of disconnections for debt fell to […]

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Sainsbury’s (LON:SBRY) said in a second quarter trading statement on Wednesday that it has experienced an improved sales momentum across all business areas. The company also announced that it will be closing many stores and opening new ones. Shares in the supermarket chain were up during trading on Wednesday. Sainsbury’s said that second quarter total […]

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Boohoo group plc (LON:BOO) posted a leap in profit before tax on Wednesday in its half year results. Shares in the UK-based online fashion retailer were up during trading on Wednesday. Boohoo, which was founded in Manchester in 2006, said that profit before tax for the six months ended 31 August grew 83% to £45.2 […]

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AG Barr (LON:BAG), the maker of Irn-Bru and Rubicon, posted a decline in profits on Tuesday in its results for the six months ended 27 July. The soft drinks manufacturer did however confirm that it expects to meet its revised profit expectations, which it issued back in July. Shares in the company were up during […]

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Moss Bros Group plc (LON:MOSB) posted a rise in revenue on Tuesday in its half year results. Shares in the formal dress wear retailer were up during trading on Tuesday morning. Moss Bros said that, for the 26 weeks ended 27 July, total group revenue excluding VAT amounted to £65.4 million – 1.4% up on […]

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News emerged on Monday that the British global travel group, Thomas Cook (LON:TCG), had collapsed, leaving thousands of British holidaymakers stranded abroad. Meanwhile, some Thomas Cook customers have accused other airlines of capitalising on the collapse of the travel company. The BBC reported that in some instances, the prices for replacement flights have tripled. Roughly […]

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Everyman Media Group (LON:EMAN) plc posted a strong six month period of growth on Tuesday, driven by increasing admissions and the amount spent on food and drinks. Revenue for the six months grew 16% to £28.9 million and operating profit increased 14% to £1.6 million. Everyman Media Group said that these were supported by increasing […]

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Marks & Spencer Group plc (LON:MKS) announced on Monday that its Group Chief Financial Officer will step down. Shares in Marks & Spencer were down on Monday. The British multinational retailer said that Humphrey Singer has decided to leave the business. It added that a succession process is now underway. In order to ensure an […]

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CBD and medicinal cannabis investment company World High Life plc (NEX:LIFE) said on Monday that it would buy Love Hemp in a £9 million deal. Love Hemp is a London-based supplier of a range of CBD and Hemp products. With over 40 product lines, Love Hemp has established agreements with over 1,200 stores in in […]

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Sports Direct International plc (LON:SPD) said on Monday that it had made an offer for Goals Soccer Centres. Shares in Sports Direct were up during trading on Monday morning. Mike Ashley’s Sports Direct said in a statement that it had made a possible cash offer of 5 pence per share “for the entire issued and […]

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Thomas Cook (LON:TCG), the British global travel group, has collapsed leaving thousands of British holidaymakers stranded abroad. With all flights cancelled as the company has ceased trading, the UK Civil Aviation Authority has warned that customers in the UK yet to travel must not go to the airport. The government has requested that the UK […]

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New data revealed on Friday that the average price for property transactions last year was at its highest during the summer months. The research from GetAgent.co.uk, the estate agent comparison website, shows that the average price for property transactions last year was at its highest over the summer at £265,546. This figure is 20.5% higher […]

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Booking.com is still giving customers a false impression of room availability, research revealed on Thursday. Which? Travel said that the hotel booking site continues to give a false impression of availability in order to pressure customers into quickly booking. Research shows that the “one room left on our site” prompts were false when entering the […]

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British retailer Next (LON:NXT) posted a rise in sales on Thursday in its half year results, though it warned that the warm September start has hindered sales more so than the prevailing political uncertainty. Shares in Next were down during trading on Thursday. Total group sales for the half year ending in July 2019 rose […]

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New data revealed on Thursday that monthly retail sales dropped in August. The quantity of goods purchased in August dropped by 0.2%, according to latest data from the Office for National Statistics. The data shows that non-store retailing contributed the largest to this fall, “partially offsetting the strong growth reported last month for this sector,” […]

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The British multination alcoholic beverages company Diageo (LON:DGE) issued an update on Thursday ahead of its 2019 AGM. Shares in the owner of Captain Morgan, Tanqueray, Gordon’s and Guinness were down during trading on Thursday morning. Chief Executive Ivan Menezes said that Diageo continues to expect organic net sales growth to be towards the mid-point […]

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Virgin Atlantic said on Wednesday that it will challenge IAG’s (LON:IAG) dominance at Heathrow by adding new routes. Virgin Atlantic hopes to serve up to 84 new destinations once the third runway is complete. These will be in the UK, Europe and across the globe and are a fourfold increase on its 19 long haul […]

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Kingfisher (LON:KGF), the owner of the B&Q brand, posted a decline in underlying profit before tax on Wednesday in its half year results. Shares in the company were down during trading on Wednesday. The home improvement company said that underlying profit before tax dropped by 6.4% for the six months ended 31 July, amounting to […]

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Lloyd’s of London posted a surge in profit before tax in its half year results on Wednesday. Profit before tax for the first six months of the year amounted to £2.3 billion, almost four times higher than the £0.6 billion figure reported in June 2018. Net investment income increased to £2.3 billion, up from the […]

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Pendragon (LON:PDG) warned that Brexit uncertainty was weighing on customer confidence in its half year results on Wednesday. Shares in the company were down almost 10% during Wednesday morning trading. The motor retailer said that, as a result of difficult market conditions, it predicts annual underlying loss before tax to be at the bottom of […]

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New data revealed on Tuesday that, from the point of listing online to accepting an offer, three bedroom homes are the quickest to sell across the nation. The estate agent comparison site, GetAgent.co.uk, said that so far in 2019 three bedroom homes are taking an average of 122 days to sell across the UK. Two […]

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French Connection shares (LON:FCCN) dropped by over 12% on Tuesday following the release of a half-year update. The UK-based retailer said that group revenue for the six months to 31 July amounted to £51 million – a 12.2% decline compared to the £58.1 million figure from 2018. French Connection said that the decline in group […]

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Ocado Retail (LON:OCDO) posted an 11.4% rise in retail revenue on Tuesday in its third quarter results. Shares in Ocado, which has faced two fires this year alone, were up during trading on Tuesday morning. The British online supermarket said that, for the 13 weeks to 01 September, retail revenue amounted to £386.3 million, compared […]

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The UK grocery market returned to growth amid ongoing Brexit uncertainty, latest data reveals. New data published by Kantar shows that year-on-year supermarket sales grew over the 12 week period. Overall sales increased by 0.5% and volume sales were flat, Kantar said. In its report, Kantar added that there is little evidence of stockpiling at […]

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British American Tobacco said on Thursday that it will cut 2,300 roles in an attempt to reinvest in the growth of its new products. Shares in the company were up during trading on Thursday. The multinational cigarette and tobacco manufacturing company hopes to simplify its business and become “more efficient, agile and focused”. It hopes […]

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Morrisons (LON:MRW) posted a rise in pre-tax profit on Thursday in its half year results, though it warned that the extended Brexit process had weighed on customer behaviour. Shares in the company were up during trading on Thursday. The supermarket chain said that for the half year to 04 August, profit before tax and exceptionals […]

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John Lewis posted a loss on Thursday in its half year results as trading conditions for the British retailer “continued to be difficult”. The company posted a loss before its bonus, tax and one-off costs of £25.9 million, down from the £0.8 million profit it recorded the year prior. “Within that, operating profit before exceptionals […]

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Sports Direct (LON:SPD) said on Wednesday that its shareholders have voted to re-elect Mike Ashley as a director of the sports high street retailer. The company published the results of its Annual General Meeting (AGM) in which it revealed that 90.99% of votes were in favour of the re-election of Mike Ashley as a director. […]

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British Airways said on Wednesday that it is “very sorry” for the disruption caused by the strikes earlier in the week and that it is working to recover from the events. The British Airline Pilots’ Association (BALPA), which represents over 10,000 pilots, went ahead with strikes on 9 and 10 September and caused a large […]

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Deliveroo, Costa Coffee and BrewDog are the nation’s fastest growing brands, according to new data released on Wednesday. The BrandZ Top 75 is a ranking of the UK’s brands that meet a specific criteria – they were originally created in the UK and they are owned by a publicly listed company traded on a stock […]

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Owner of the Zara brand, Inditex, saw its sales rise on Wednesday in its half year results. Shares in the company were down during trading on Wednesday morning. Inditex said that it achieved a “strong” operating performance. From 1 February to 31 July, Inditex said that net sales amounted to €12.8 billion – 7% higher […]

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BMW (ETR:BMW) said on Tuesday that it will pause production at its Mini factory in Oxford for two days following the nation’s departure from the European Union. With tensions rising over Brexit, the question remains – will the UK leave the EU with or without a deal on the day of the deadline? Nicholas Peter, […]

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The British Government will invest over £500 million in green technologies, news emerged on Tuesday. A £400 million fund has been announced to develop the UK’s electric vehicle charging infrastructure. The first £70 million is allocated for 3000 charge points, which will more than double the number across the UK to 5000. Rapid charge points […]

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JD Sports (LON:JD) posted a 10% rise in UK like-for-like sales on Tuesday in its half year results, sending shares in the retailer up by over 5%. For the 26 weeks to 3 August, JD Sports revealed a like-for-like sales growth of over 10%, going against the well-reported high street gloom. Group revenue for the […]

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UK unemployment has not been at a lower level since the mid-1970s, according to new data released on Tuesday. According to the Office for National Statistics, the estimated UK unemployment rate dropped to 3.8%, and it hasn’t been this low since October to December 1974. The Office for National Statistics said that, for May to […]

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Travelodge posted a 6% increase in revenue in its results on Monday, driven by the success of its “SuperRooms”. Total revenue for the six months ended 30 June amounted to £337.3 million, up 6% compared to the £318.2 million figure recorded the year prior. The increase in sales was driven by a strong contribution from […]

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New research revealed on Monday the silver lining of a Brexit-bashed pound for overseas business visitors staying in the nation’s capital. The leading serviced apartment provider Cuckooz looked at how much more affordable the weaker pound has made a trip to the capital for those on business visits. With the extended halloween Brexit deadline approaching, […]

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Lloyds Banking Group (LON:LLOY) reported on Monday that it will dedicate an additional £1.8 billion in order to settle any claims of mis-sold PPI (Payment Protection Insurance). Shares in the bank were down during trading on Monday. In its half year results, published at the end of July, the British bank reported a PPI charge […]

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Associated British Foods said on Monday that its full year outlook for 2018-19 remains unchanged, highlighting a strong profit performance this year from Primark. AB Foods added, however, that the strong performance is expected to be offset by the anticipated decline in AB Sugar. Its full year results are scheduled to be announced at the […]

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UK house prices increased by 1.8% in August, new data on Friday showed. Halifax’s House Price Index revealed that for the month of August, house prices were 1.8% higher than in the same month a year prior. On a monthly basis, Halifax said, house prices rose by 0.3%. Additionally, the data revealed that, for the […]

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Italy is so full of bucket-list worthy locations that for some, Bologna doesn’t even make the cut. Rome, Florence, Naples, Milan, Verona, Venice, Amalfi Coast, Sicily, Sardinia – the boot-shaped peninsula is packed full of beautiful locations, from man-made cities to natural coastlines. With Florence dominating the centre north of the country among the minds […]

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Dixons Carphone reported a drop in mobile phone sales on Thursday, but said that its guidance for the year remains unchanged. Shares in Dixons Carphone (LON:DC) were trading over 3.5% higher on Thursday morning. Mobile like-for-like revenue in the UK and Ireland was down 10%, Dixons Carphone revealed in a trading update for the 13 […]

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William Hill (LON:WMH) said on Thursday that its Chief Executive Officer will step down as it looks to focus on online expansion. Shares in the company were trading almost 2% lower on Thursday morning. Philip Bowcock is expected to step down as Chief Executive Officer and as a Director of William Hill at the end […]

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Service sector growth slowed in August amid the prevailing Brexit chaos, new data revealed on Wednesday. Confidence regarding activity during the next 12 months hit its lowest level since July 2016. The report said that this primarily reflects concerns surrounding domestic political uncertainty and its impacts on client decision making. As the Brexit deadline looms […]

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The Royal Bank of Scotland issued a warning on Wednesday saying that it expects a hit of up to £900 million after a rise in PPI claims. Shares in RBS (LON:RBS) were trading 1.44% higher during early trading on Wednesday. The deadline for customers to claim mis-sold payment protection insurance (PPI) was 29 August. RBS […]

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The Restaurant Group (LON:RTN) posted a statutory loss before tax of £87.7 million on Tuesday in its interim results, sending shares crashing. The British restaurant chain said it would close at least 124 sites of its Frankie & Benny’s and Chiquito brands over the next six years. Like-for-like sales were up 4%, with total sales […]

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The British Retail Consortium (BRC) and KPMG said on Tuesday that retail sales “flatlined” in August. The 12-month average dropped to a new low of only 0.4%, the report shows. The report said that with a budgetary Spending Review, the Brexit deadline approaching and a potential general election, the only thing that is certain is […]

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The Lego Group posted a 5% increase in global consumer sales on Tuesday, driven by the particularly strong performance of its LEGO Marvel Avengers sets. The Danish toy production company also revealed a 4% rise in revenue for the first half of 2019 to 14.8 billion Danish crowns. Operating profit amounted to 3.5 billion Danish […]

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UK manufacturing during August was heavily hit by high levels of widespread economic and political uncertainty, new data on Monday revealed. The GBP/USD is trading below 1.2100 as Brexit uncertainty prevails. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) was at 47.4 in August, down from 48.0 recorded in July and falling to the lowest level […]

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Net consumer credit increased by £0.9 billion in July, new data by the Bank of England revealed on Friday. Data from the Bank of England showed that, for the month of July, the additional amount borrowed by consumers to purchase goods and services was £0.9 billion. This figure remains broadly in line with the £1.0 […]

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Annual house price growth in the UK has remained below 1% for the ninth consecutive month, new data revealed on Friday. According to Nationwide’s House Price Index, house prices in August rose 0.6% year-on-year. This follows a 0.3% annual increase recorded just a month before in July. Prices remain unchanged month-on-month after taking account of […]

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Goals Soccer Centres was put up for sale on Thursday following accounting issues. Owner of Sports Direct (LON:SPD) Mike Ashley holds a significant stake in the soccer centre operator. Shares in the soccer centre operator were suspended back in March. Earlier this month, it was revealed that the accounting issues were much deeper than expected […]

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Guarantor loans provider Amigo said on Thursday that it will be “resetting” expectations for its current financial year. Shares in Amigo (LON:AMGO) were sent crashing on the announcement. The company said in its results for the three month period ended 30 June that loan book growth is expected to be broadly flat. Additionally, it said […]

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British car manufacturing output dropped 10.6% in July, new data from the Society of Motor Manufacturers and Traders (SMMT) revealed on Thursday. This marks the 14th successive month of decline for UK car manufacturing output. Performance was affected by ongoing weakness in major EU and Asian markets, alongside some key model changes, the SMMT said. […]

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News emerged on Wednesday that Boris Johnson will attempt to block parliament until 14 October. The Prime Minister has asked the Queen to suspend parliament ahead of the Halloween Brexit deadline. The GBP/USD took a hit, sinking to around 1.2200 following the announcement. The move was met with backlash because it limits MPs’ ability to […]

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Thomas Cook (LON:TCG) shares tumbled over 11% on Wednesday after it announced that it had agreed on a rescue deal. The British global travel group said that it had reached a “substantial agreement” between China-based Fosun Tourism Group, its core lending banks and a majority of its senior noteholders. The deal will see Fosun offer […]

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The GBP/USD is trading around 1.2200 as Boris Johnson attempts to block parliament until 14 October. News broke on Wednesday that Prime Minister Boris Johnson has asked the Queen to suspend parliament ahead of the Halloween Brexit deadline. After the suspension period, a new Queen’s Speech will occur to reveal the PM’s “very exciting agenda”. […]

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Bury’s potential takeover bid from C&N Sporting Risk has collapsed, leaving the club expelled from the English Football League. The football club had been given an extension to the original Friday deadline, with the new deadline set at 5pm on Tuesday to finalise the deal with C&N Sporting Risk. Bury, the League One club, issued […]

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Supermarket special offers continue to mislead shoppers, latest research from Which? reveals on Wednesday. Which?, the consumer group, tracked the pricing and offers for 450 products available at Asda, Iceland, Morrisons (LON:MRW), Ocado (LON:OCDO), Sainsbury’s (LON:SBRY), Tesco (LON:TSCO) and Waitrose. Though some of the deals were genuine, research shows that 65 instances across the year […]

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Despite low confidence levels in the UK economy, employers are still looking to hire, new data reveals on Wednesday. The Recruitment & Employment Confederation’s (REC) JobsOutlook report shows that employers’ confidence in the British economy remains low as the Halloween Brexit date approaches and uncertainty looms. Despite the low confidence levels, the data shows that […]

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Pensioners in Britain suffer the worst poverty rate in western Europe, new data reveals on Tuesday. According to FairMoney.com, nearly one in five pensioners have said that financial stress is causing them to lose sleep at night. Moreover, one in ten pensioners said that financial issues have caused strain in their marriage and 9% would […]

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Carpetright said on Tuesday that Meditor has agreed to purchase its £40.7 million revolving credit facility directly from the company’s current lending banks. Shares in Carpetright were up almost 10% following the announcement. Meditor is a substantial shareholder of Carpetright, owning just under 30% of the carpet retailer. The £40.7 million facility was recently reduced […]

The post Carpetright’s largest shareholder takes on its debt appeared first on UK Investor Magazine.

A small fire broke out at Ocado’s customer fulfilment centre in Erith on Wednesday evening, causing disruption to customer orders. Shares in Ocado were down by over 1% on Thursday. According to Sky News, four fire engines and roughly 25 firefighters were sent to the scene, spending three hours trying to control the flame. This […]

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Almost half of adults have said that they still rely on their parents for financial support, according to a new study. Over the last year, adults have borrowed a total of £708 from their parents to assist in the costs of university fees, bills and home improvements, with some admitting to using the cash to […]

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Laura Ashley (LON:ALY) posted a statutory loss before tax on Thursday as it battles against the difficult trading conditions that have hit the UK high street. Shares in the company were down almost 5% during Thursday morning trading. The homeware and clothing retailer said that, for the 52 weeks to 30 June, statutory loss before […]

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Italy’s Prime Minister Giuseppe Conte has handed in his resignation. The EUR/USD is trading around 1.1100 as the Italian President Mattarella explores the next steps for the government. Giuseppe Conte was the head of Italy’s coalition government between the anti-establishment Five Star Movement and Matteo Salvini’s far-right League. His resignation comes after a government crisis […]

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The UK rental sector generates more income than 130 world nations and FTSE 100 companies, new data from the lettings platform Bunk reveals. Bunk looked at the income generated by the UK’s private rental sector, and how this matches the GDP of world nations and the FTSE 100. In England, Scotland, Wales and Northern Ireland, […]

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Buyers embarked on a pre-Brexit house buying spree in August, new data from Rightmove revealed on Monday. Agreed sales during the August period, which spans the four weeks to 10 August, were up 6.1% year on year according to Rightmove. Rightmove said that this is the highest number of sales agreed at this time of […]

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International Airlines Group (IAG) posted a second quarter operating profit of €960 million before exceptional items on Friday. The owner of British Airways said it had benefited from the timing of Easter. Shares in IAG were trading over 2% higher on Friday morning following the announcement. Passenger unit revenue for the quarter was up 3.1%, […]

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The Bank of England decided to hold interest rates at 0.75% on Thursday. The UK economy has slowed as business’ uncertainties concerning Brexit “have become entrenched” and growth in the world economy has eased, the Bank of England said. It said that growth in the UK economy has been volatile during the first half of […]

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ITV (LON:ITV) has confirmed that there will be two series of Love Island on ITV2 during 2020, as opposed to the one summer series per year format the show previously followed. Love Island, ITV2’s reality TV show where young singles must couple up, find love and compete for a £50,000 cash prize, is the most […]

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Revolut launched a stock trading service on Thursday as an incentive to make investing more inclusive among the public. The British fintech company announced last August that it would launch a commission-free process of being able to invest in the stock market. “Just as we set out to fix banking, the time as come to […]

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UK manufacturing PMI remained trapped at a six-and-a-half year low in July as global trade tensions prevail and Brexit uncertainty weighs, new data on Thursday reveals. The IHS Markit UK Manufacturing PMI (Purchasing Managers’ Index) was at 48.0 for July, below the neutral 50.0 mark for the third consecutive month and unchanged from the figure […]

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Barclays posted an 82% increase in profit before tax in its half year results on Thursday. Shares in Barclays (LON:BARC) were trading over 2% higher on Thursday morning following the announcement. Barclays group profit before tax amounted to £3 billion for the half year ended 30 June, up 82% on the £1.7 billion figure from […]

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Next (LON:NXT) raised its profit guidance in a trading statement on Wednesday as second quarter full price sales came in ahead of expectations. Shares in the retailer were trading over 8% higher on Wednesday following the announcement. Full price sales in the second quarter were better than anticipated, Next said, up 4% on last year. […]

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British car manufacturing output fell by over a fifth in the first half of 2019, according to new data revealed on Wednesday by the Society of Motor Manufacturers and Traders (SMMT). Car manufacturing output declined by 15.2% in June, making it the 13th consecutive month of negative growth. Additionally, the industry body said that at […]

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Intu posted a deeper loss before tax on Wednesday in its half year results as changes to the retail environment weigh. Shares in the business were trading over 23% lower following the announcement. The shopping centre landlord said that loss before tax deepened to £856.4 million during the six months ended 30 June, down even […]

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Just Eat (LON:JE) posted a sharp fall in pre-tax profits on Wednesday in its half year results, but shares remained in the green. The results come just days after the business announced it had agreed in principle on the key terms of an £8.2 billion all-share deal with its rival Takeaway.com. For the six months […]

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UK house price growth remained subdued in July, new data from Nationwide revealed on Wednesday. Annual house price growth remained below 1% for the eighth month in a row in July, with the monthly rise at 0.3%. House prices also increased by 0.3% when compared to the same period a year earlier. In June, Nationwide […]

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Aston Martin (LON:AML) posted a pre-tax loss on Wednesday in its half year results, sending shares down. Shares in the luxury sports car manufacturer were trading over 18% lower following the announcement. Founded in 1913, Aston Martin is one of the UK’s most iconic brands and has become synonymous with James Bond. In its half […]

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Reckitt Benckiser revised its full year like-for-like net revenue target on Tuesday in its first half results for 2019. The consumer goods company said that its full year like-for-like net revenue target has been revised to +2-3% from +3-4%, in order to reflect the slow start to the year. There have been no changes to […]

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Italian liqueur maker Campari Group posted an organic growth of 8% in its 2019 half year results on Tuesday. Campari Group owns Aperol, as well as Campari Bitter. Both are typically served with prosecco and soda water as a spritz, easily identifiable by their glowing orange and red respective tones. The Italian classics have proven […]

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Centrica posted a 49% drop in adjusted operating profit in its interim results on Tuesday. The company also cut its dividend, announced its intentions to exit oil and gas production, and revealed that its CEO Iain Conn will step down next year. Shares in the company were trading at a 21-year low following the chain […]

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BP said on Tuesday that underlying replacement cost profit amounted to $2.8 billion for the second quarter of 2019. Its underlying replacement cost profit, what BP defines as net income, exceeds the $2.46 billion company forecast and is similar to last year’s figure. Shares in BP were trading over 3% higher on Tuesday following the […]

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Ryanair posted a 21% fall in first quarter profits on Monday, with Germany and the UK highlighted as its weakest markets – the latter as a result of Brexit concerns on consumer spending. The Irish low-cost airline said that for its first quarter of the 2020 financial year, profits dropped 21% to €243m, driven by […]

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Rivals Just Eat and Takeaway.com agreed in principle on Monday on the key terms of an £8.2 billion all-share deal. The possible merger would create one of the largest online food delivery platforms with 360 million orders worth €7.3 billion in 2018. Shares in Just Eat soared following the announcement, up 23% on Monday morning. […]

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Nestle reported an organic growth of 3.6% on Friday in its half-year results for 2019. The Swiss multinational food and drink company added that it saw a continued strong real internal growth of 2.6%. Nestle said that increased growth was driven by the United States and Brazil. Moreover, free cash flow was up by 40.4% […]

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Diageo, the owner of Gordon’s gin, reported an operating profit of £4 billion in its preliminary results on Thursday. The British multinational alcoholic drinks company said that, for the year ended 30 June 2019, operating profit rose 9.5% to £4 billion. Diageo said that a strong growth in gin continued with Tanqueray and Gordon’s growing […]

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AstraZeneca said on Thursday in its first half results that it had seen a 12% rise in product sales over the period. Shares in AstraZeneca were trading almost 6% higher on Thursday morning following the announcement. The multinational pharmaceutical company said that its performance in the first half of 2019 confirms its return to growth, […]

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Consumer goods giant Unilever (LON:ULVR) posted its half-year results on Thursday, revealing that poor weather had hit its ice cream sales in Europe and North America. Shares in Unilever were trading over 1% lower on Thursday morning. Underlying sales were up 3.3% for the first half of 2019, led by its emerging market business which […]

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GlaxoSmithKline (GSK) announced on Wednesday that Jonathan Symonds will succeed Sir Philip Hampton as Non-Executive Chairman of its board. The British multinational pharmaceutical company said that this is set to come into effect later this year in September. Jonathan Symonds is currently the Deputy Group Chairman of HSBC (LON:HSBA). He has also been a former […]

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Deutsche Bank posted a second quarter net loss of €3.1 billion on Wednesday, following strategic transformation charges of €3.4 billion. Shares in the bank were trading over 3.5% lower on Wednesday morning. At the beginning of the month the German bank announced plans to radically transform its business model. It said that the restructuring actions […]

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Snap Inc., owner of the Snapchat app, said on Wednesday that it added 13 million daily active users in its second quarter. For the quarter ended 30 June, the owner of Snapchat saw its daily active users surge by 13 million to 203 million, an 8% increase year-over-year. The growth in daily active users comes […]

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Aston Martin posted a trading update on Wednesday in which it cut its sales and profit expectations for its current financial year. Shares in Aston Martin (LON:AML) were sent crashing over 20% following the announcement. The company had confirmed its plans to float on the London Stock Exchange last year. The iconic luxury British sports […]

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A fifth of Brits believe that they are in the worst financial positions that they have ever been in, nationally representative research named Brexit Broke Me reveals. The research, conducted by FairMoney.com, shows that 10.5 million people in the UK feel that they are in the worst financial position they have ever found themselves in. […]

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Fever-Tree, the producer of carbonated mixers for alcoholic spirits, said that the UK saw a moderation in growth rates for the first half of 2019. Shares in Fever-Tree were down over 10% during Tuesday morning trading. In the UK, Fever-Tree’s largest market, revenues were up 5% over the period, considerably less than the 73% half-year […]

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Getlink, the company which manages and operates the Channel Tunnel between England and France, revealed on Tuesday that Eurotunnel traffic decreased during the first half of the year. The operator also said that a no-deal Brexit is looking “very likely” ahead of the new 31 October deadline for the nation’s departure from the European Union. […]

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New data published on Tuesday by Kantar reveals the first overall growth decline in the supermarket sector since June 2016. Year-on-year supermarket sales dropped by 0.5% in the 12 weeks to 14 July, marking the first overall growth decline in three years. Kantar said that the tough period was not unexpected given the record sales […]

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The lack of financial education among young people is causing them to fall into the Standard Variable Tariff trap, new research from Comparethemarket reveals. The younger generation of bill payers is more likely to be on a Standard Variable Tariff, the research shows. Additionally, only 26% of 18-24-year olds know that you are automatically moved […]

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Anglo American (LON:AAL) said on Thursday in its second quarter production report that it remains “broadly” on track to deliver its full year production targets. Shares in the multinational mining company were down almost 1% on Thursday afternoon. For the company’s second quarter ended 30 June, copper production was up 1% to 159,100 tonnes driven […]

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Water companies in England and Wales face pressure to increase investment under the regulator Ofwat’s latest price review. Ofwat unveiled proposals on Thursday that involve water companies investing an additional £6 million each day, every day, for the next five years. Equating to £12 billion collectively, the additional investment will be used to improve services […]

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UK retail sales were up for the month of June, new data from the Office for National Statistics revealed on Thursday. The quantity bought in June was up 1% when compared with May, and growth was particularly driven by non-food stores. In the three months to June, the quantity bought was up 0.7%. Growth occurred […]

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Netflix has been hit with its first major loss in subscribers in eight years, the video streaming service revealed in its second quarter results. Paid memberships grew by 2.7 million worldwide, which is less than the 5.5 million subscribers it experienced its second quarter a year prior. The 2.7 million figure is also significantly below […]

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The UK’s economy will plunge into a recession if the nation departs from the European Union without a deal, the Office for Budget Responsibility said on Thursday. The announcement was made in the independent body’s yearly fiscal risks report as the nation’s new EU exit deadline approaches. The Office for Budget Responsibility said that real […]

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ASOS (LON:ASC) issued yet another profit warning on Thursday, sending shares crashing during early trading. Shares in the online fashion retailer were trading almost 14% lower after recovering from the initial plunge following the announcement. This is the third profit warning issued by ASOS in the past seven months after those posted in March and […]

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Sports Direct said on Monday that it will be delaying the publication of its preliminary results, sending shares in the business crashing. Shares in Sports Direct (LON:SPD) were trading roughly 10% lower on Monday following the announcement. Sports Direct said that the reasons for the delay in the publication of its results are due to […]

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Medicinal cannabis company Freyherr revealed plans on Friday to list on the NEX exchange in London, as regulation in Europe begins to relax. The first day of trading is expected to be just a few weeks away on 30 July, Freyherr said in a company statement. Freyherr International Group plc is the UK parent company […]

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The average London property price stands at £654,925 for July 2019, according to current Zoopla estimates. But what if you could spend the equivalent of this elsewhere in the world? We take a look at what roughly £650,000 can get you in three cities dotted around Europe. Milan, Italy Located in the northern Italian region […]

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New data has emerged revealing that areas with fewer smokers see properties sell for 82% more on average, according to the property finance specialists One77 Mortgages. One77 Mortgages worked with recent data from the ONS on the proportion of current smokers by local authority above the age of 18. According to the data, in areas […]

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The UK financial system is strong enough to cope with a “worst-case disorderly” Brexit, the Bank of England said on Thursday. The Bank of England said in its Financial Stability Report that the nation’s core financial system, including banks, dealers and insurance companies, is resilient to, and prepared for, a variety of risks such as […]

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The owner of Jet2, Dart Group, posted a 36% increase in profit before tax on Thursday in its yearly results. The leisure travel and distributions and logistics group outlined in its preliminary results for the year ended 31 March 2019 that profit before tax amounted to £177.5 million, up 36% on the £130.2 million figure […]

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Reckitt Benckiser (LON:RB) said on Thursday that it has agreed to pay a total of up to $1.4 billion to fully resolve all federal investigations related to the sales and marketing of Suboxone Film. Suboxone Film is a treatment used for opioid addictions. The consumer goods giant said that it has reached agreements with the […]

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Dunelm expects its full-year profit before tax to lie at the upper end of its range, the company said in a fourth quarter trading update on Wednesday. Dunelm raised its annual profit forecast last month, expecting its profit before tax for the year to be above the £102 million from the year before. Back in […]

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Barratt Developments (LON:BDEV) expects its annual pre-tax profit to be ahead of market expectations, the homebuilder said in a trading update on Wednesday. The trading update comes ahead of the publication of its annual results later this year in September. Barratt Developments said that profit before tax is expected to amount to roughly £910 million, […]

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J D Wetherspoon posted a rise in sales in a pre-closing trading statement on Wednesday, in addition to a commentary concerning Brexit by the company’s Chairman. For the 10 weeks to 7 July, like-for-like sales rose by 6.9%, with total sales increasing by 6.6%, the business said in a pre-closing trading statement for the financial […]

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Superdry (LON:SDRY) said on Wednesday that it has made a full year statutory pre-tax loss, swinging to red versus a prior year profit. Shares in the business were trading over 3.5% lower on Wednesday morning. The fashion brand posted a full year statutory pre-tax loss of £85.4 million, compared to the prior year’s profit of […]

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PepsiCo (NASDAQ:PEP) posted its second quarter results on Tuesday reaffirming its financial targets for the year. The multinational food, snack and beverage company said that net revenue was up 2.2% in the second quarter, with organic revenue growth at 4.5%. The 4.5% growth in organic revenue for the second quarter beat expectations of a 4.4% […]

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Ocado issued its half year results on Tuesday outlining the impacts of the Andover fire on its business. Shares in Ocado (LON:OCDO) were trading over 5% on Tuesday morning. The business reported a loss before tax of £142.8 million as a fire at its warehouse facility in Andover earlier this year took its toll, with […]

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Bovis Homes said in a trading update on Tuesday that it has seen a significant improvement in profitability despite ongoing Brexit uncertainty. The trading update is for the six months ended 30 June, with its half year results set to be published later in September. Bovis Homes reported a 15% increase in average private sales […]

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Deutsche Bank (ETR:DBK) has announced plans to radically transform its business model in order to increase profitability, improve shareholder returns and drive long-term growth. In order to achieve this transformation, Deutsche Bank said that it will be radically downsizing its investment bank. It also aims to execute plans by cutting total costs by roughly €6 […]

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GTT Communications, Inc. (NYSE:GTT), a leading global cloud networking provider to multinational clients, announced on Monday a definitive purchase agreement to acquire KPN International. KPN International, a division of KPN N.V. headquartered in the Netherlands, is a telecommunications and IT provider which serves both Dutch and international customers. It will be acquired by GTT Communications […]

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The Information Commissioner’s Office (ICO) released a statement on Monday outlining its intentions to fine British Airways £183.39 million for infringements of the General Data Protection Regulation (GDPR). The GDPR is Europe’s new framework for data protection laws which started on 25 May 2018. The £183.39 million fine is related to a cyber incident back […]

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I recently visited Barcelona and came to the conclusion that it’s the perfect holiday location because it truly offers everything. Located on the coast, a trip to Barcelona offers a city-break and beach holiday, proving popular for travellers who like a mixture of both. In addition to the city’s location, Barcelona’s rich culture, history and […]

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It’s summer in the UK which means Love Island, the reality TV show that involves young singles finding love, is back. If you’re not talking about it, or desperately trying to increase you Instagram followers to be considered a contestant, then you’re rolling your eyes and wondering what’s wrong with the world. Whether you live […]

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British consumers owe a total of £72.9 billion in credit card debt, recent data provided by the Bank of England shows. This debt has stemmed from relatively low-interest rates urging families in the UK to borrow more than they have before, following the financial crisis. The figure is a 5.6% increase, up £68.8 billion since […]

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Ideal Flatmate, a leading room share platform, has made the UK’s top index of disruptive businesses that have been launched in the past five years. Operated by Startups.co.uk, the Startups 100 showcases new businesses which demonstrate innovation, economic impact, solid financials and the ability to scale. Ideal Flatmate joins names from previous years such as […]

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New data revealed on Tuesday that 72% of small businesses in the UK are putting their business decisions on hold and not planning to increase investment. A survey by the Federation of Small Businesses shows that the share of these seeking to expand their capital investment plans is now at its lowest level since the […]

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UK house price growth in June remained weak as uncertainty surrounding the nation’s departure from the European Union prevails, new data from Nationwide reveals. House prices grew by 0.5% compared to last year, down from the 0.6% growth recorded in May. “UK annual house price growth remained below 1% for the seventh consecutive month in […]

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Sir David Attenborough made an appearance at Glastonbury 2019 to thank the festival for going singlue-use plastic free. The English broadcaster and natural historian took to the stage to thank the crowd for cutting back on their use of plastic at the event. In addition to Glastonbury Festival cutting back, several companies have made headlines […]

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Millions of first-time car buyers are purchasing a vehicle without checking it over, according to a new study commissioned by Parkers.co.uk. Cars are traditionally one of the most expensive purchases; on average, motorists typically spend roughly £3,000 on their first car. Data shows that 63% of new drivers fail to research their purchase or carry […]

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Mobile customers can now leave their network by sending a free text following new Ofcom rules. New Ofcom rules which allow mobile customers to leave their network but keep their number came into play on Monday. In order to switch network but keep phone number, mobile users previously had to call their provider and request […]

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Sativa Group plc opened its first store of a planned national chain of Goodbody Wellness specialist retail outlets on Saturday. The 60.67 sq. m. CBD wellness retail store opened in Bath. It provides a range of over 50 CBD products, and offers consumers the opportunity to try CBD infused coffee and tea. Customers can also […]

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Brits abroad want as many freebies as possible when on holiday, data by the mobile banking service Monese revealed on Monday. British tourists are not fussy when they go abroad, as long a they can get their hands on as many freebies as possible. Value for money has been rated by British tourists as their […]

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Manufacturing operating conditions in the Eurozone diminished for a fifth consecutive month in June, new data on Monday reveals. The EUR/USD has dropped to the low 1.1300s. The IHS Markit Eurozone Manufacturing PMI (Purchasing Managers’ Index) fell to a three-month low of 47.6 in June. This is down from the 47.7 recorded in May and […]

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The British gig economy has more than doubled over the past three years, now accounting for almost 5 million workers, a report by the TUC and the University of Hertfordshire reveals. The gig economy is a labour market characterised by the prevalence of short-term contracts or freelance work, according to one definition. Back in 2016, […]

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Fashion retailer H&M and Swedish bank Klarna announced on Thursday that they have expanded their current partnership to include the US market. H&M and Klarna are aiming to further integrate H&M’s digital and physical stores to provide a “seamless” shopping experience to consumers. The partnership, which covers all H&M channels online and in-store, will provide […]

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UK car manufacturing has dropped for 12 consecutive months, new data on Thursday from the Society of Motor Manufacturers and Traders (SMMT) reveals. A no-deal Brexit is “not an option” now for the automobile sector, according to the Chief Executive of SMMT. According to the industry body, UK car production dropped 15.5% in the month […]

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H&M said on Thursday that it has begun the summer season well as sales are estimated to rise for the month of June. Shares in the fashion retailer (STO:HM-B) rose over 9% on the announcement. The Swedish company said in its half-year results that sales of the summer collections got off to a “very good” […]

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Superdry (LON:SDRY) announced on Thursday that it will be delaying the release of its annual results. Shares in the company were trading just over 2% higher on Thursday morning. The British fashion retailer said in a statement that it will announce its preliminary results for the 52 weeks ended 27 April on 10 July, rather […]

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Employers’ confidence in the UK economy and in their own hiring and investing has improved since the Brexit extension, new data from the Recruitment and Employment Confederation (REC) revealed on Wednesday. The European Union previously agreed to postpone Brexit for an additional six months until the October 31. With the date coinciding with Halloween, the […]

The post REC: employers more confident in hiring, investing and UK economy appeared first on UK Investor Magazine.

Earlier this week, Boots announced that it would aim to remove all plastic bags from its stores by 2020. The switch, which began on Monday, will phase out the use of plastic bags across all of its outlets and eliminate 900 tonnes of single-use plastic each year. Boots is not alone to have made the […]

The post Keeping the lid on single-use plastic: Chilly’s Bottles appeared first on UK Investor Magazine.

Creditinfo Group, a leading global credit information and fintech services provider, announced on Wednesday that it will enter into a strategic partnership with Afghan Credit Guarantee Foundation (ACGF). The partnership will develop a Credit Risk Scorecard aimed at small-to-medium enterprises (SMEs) in Afghanistan. Being the first small-to-medium enterprise credit scorecard to be developed for the […]

The post Creditinfo and ACGF partner to develop credit risk scorecard for Afghan SMEs appeared first on UK Investor Magazine.

Retail sales crashed in June at the fastest annual pace since March 2009, data from the Confederation of British Industry (CBI) reveals. The CBI’s monthly retail sales balance fell to -42 from -27 in May. The CBI said that the plunge is likely to be impacted by the relatively cooler weather compared with the same […]

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AMC Group announced that it has opened a new plant-based and allergen-free production facility, aiming to supply the growing demand for healthier lifestyle choices. In addition to providing over 100 jobs to the local area, the site is totally free from all of the 14 main allergen groups and produces freshly-squeezed juice and plant-based and […]

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The largest UK based online retailer of musical instruments and music equipment, Gear4music (LON:G4M), revealed a 34% drop in earnings on Tuesday. Shares in the business were trading almost 8% lower following the announcement. For the 13 months ended 31 March, Gear4music said that its earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 34% […]

The post Gear4music earnings drop and swings to net loss appeared first on UK Investor Magazine.

Fashion retailer New Look posted a deeper annual loss on Tuesday in its full year results. Statutory loss before tax amounted to £522.2 million, deeper than the £190.2 million loss made the previous year. New Look said that the deeper loss was primarily driven by a £423.3 million goodwill and brand impairment charge related to […]

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Latest research for the lettings platform Howsy reveals that 34% of income is spent on rent across the UK. The data looks at where in the UK is home to the most affordable rental markets by the amount of income dedicated to rent, with Wales as the most reasonably priced region at just 30% of […]

The post UK rental markets: where is the most affordable place to rent? appeared first on UK Investor Magazine.

Supermarket sales grew by 1.4% over the 12 weeks to mid-June, new data published by Kantar reveals, as the weather across the UK fails to match last year’s heatwave. During the 12 weeks to 16 June, supermarket sales rose by 1.4% year on year as a result of the wet weather to kick-start the summer […]

The post Supermarket sales rise modestly as poor weather kick-starts summer appeared first on UK Investor Magazine.

Carpetright (LON:CPR) posted a narrower loss in its full year results on Tuesday, returning to like-for-like sales growth in its new financial year. Shares in the business were up 9.35% following the announcement. The carpet retailer said that it made a statutory loss before tax of £24.8 million, which is less than the £69.8 million […]

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Boots switched to brown paper bags on Monday, aiming to remove all plastic bags from stores by 2020. On Monday 53 Boots stores will stop using plastic bags and begin offering unbleached brown paper bags. These will be rolled out across all of its 2,485 outlets by next year. The switch is said to eliminate […]

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Lufthansa (ETR:LHA) has revealed the measures it will take to turn around its Eurowings on Monday, aiming for it to generate profit as quickly as possible. Shares in Deutsche Lufthansa AG were trading almost 2% lower on Monday. Recently, the German airline posted a deeper loss for its first-quarter of the year, blaming higher fuel […]

The post Lufthansa reveals turnaround plan for Eurowings appeared first on UK Investor Magazine.

RA International (LON:RAI), a leading remote services provider in Africa and the Middle East, announced on Monday that it has won a government contract, in addition to providing an update on trading. Shares in the company were up 4.34% on Monday morning. The company said that it has won a government contract with a value […]

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The egg free cake shop company Cake Box (LON:CBOX) posted a 14% rise in its annual profits on Monday. Its results were driven by a strong pipeline of new store openings. Shares in the cake retailer were up 3.45% during early trading. Profit before tax amounted to £3.8 million for the full year ended 31 […]

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British households could face a potential bill of £172 million in total from the collapse of 11 energy suppliers since the beginning of 2018, according to Citizens Advice. Citizens Advice, a network of independent charities across the UK, said on Friday that British energy customers are facing a potential bill of £172 million from the […]

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Facebook’s (NASDAQ:FB) announcement of its own cryptocurrency is “another nail in the coffin for banks,” the CEO of deVere Group said on Friday. Earlier this week, Facebook announced that it will launch its own cryptocurrency in 2020, igniting further speculation surrounding the future of traditional banks. The currency will be called Libra and will be […]

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WeSwap, the world’s first peer-to-peer currency exchange platform, has hit £250 million in swapped currency. WeSwap announced that £250 million in global currency has been traded since it first launched, making the company the first peer-to-peer travel money fintech in the UK to do so. Based in London and launched in 2013, WeSwap is one […]

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Latest data from the Office for National Statistics shows that monthly retail sales dropped by 0.5% in May. When compared with the previous month, retail sales dropped 0.5% in May 2019, with a strong decrease of 4.5% in clothing sales. According to the Office for National Statistics, evidence from retailers suggests that the poor weather […]

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Bathstore has become the latest retailer to be hit by the difficult trading environment to veil the UK. According to Sky News, the accountancy firm BDO has been selected to handle the possible administration. Whilst BDO has refused to comment, Bathstore could not be reached. Hundreds of jobs will be put at risk if the […]

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Dixons Carphone posted a statutory loss before tax of £259 million on Thursday, warning that UK mobile will continue to make a significant loss. The company said that “more pain” is expected in the next year. Shares in Dixons Carphone (LON:DC) plunged just over 18% on the announcement. The leading multinational consumer electrical and mobile […]

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Italy’s Prime Minister Giuseppe Conte said that his government remains set on avoiding EU disciplinary actions. The nation is home to the third largest economy in the Eurozone, but is also struggling with a huge amount of rising debt, second to that of Greece. The Italian Prime Minister, and leader of the right-wing populist League […]

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Mulberry posted a loss before tax of £5 million on Wednesday for the 53 weeks ended 30 March. In 2018, the luxury handbag maker revealed a profit before tax of £6.9 million, now swinging to a £5 million loss. Mulberry’s revenue amounted to £166.3 million, decreasing from the £169.7 million figure a year earlier, with […]

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The owner of the Premier Inn brand, Whitbread, revealed in a trading update on Wednesday that it is cautious of the impacts of Brexit on market conditions. The British multinational hotel and restaurant company said that weaker business and leisure confidence has continued, coinciding with continuous political and economic uncertainty in the UK. The uncertainty […]

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Boohoo posted a trading statement on Wednesday revealing a 39% rise in group revenue. For the three months ended 31 May 2019, group revenue amounted to £254.3 million, up 39% compared to the same period last year. The UK based online fashion retailer experienced a strong revenue growth across all geographies, with the UK up […]

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The owner of Zara revealed its first-quarter results on Wednesday, posting a 10% rise in its net profit. The Spanish multinational clothing company and owner of Zara, Inditex (BME:ITX), announced that net profit amounted to €734 million. This figure is 10% higher than the €668 million from the first-quarter of last year. Inditex’s Chairman and […]

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Reckitt Benckiser (LON:RB) announced the appointment of PepsiCo Executive as its new CEO on Wednesday. Laxman Narasimhan will succeed Rakesh Kapoor as Chief Executive Officer. He will join the British consumer goods company as CEO-designate and is due to be appointed to the board as an Executive Director from 16 July. Laxman Narasimhan will become […]

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Nestle’s (SWX:NESN) European Chief Executive Officer Marco Settembri believes that a hard Brexit will have a limited impact on its UK business. “We don’t see any disruption in the business,” Marco Settembri said at an investor conference, according to Reuters. “I don’t believe there will be a crisis, but we can go on in a […]

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The Estonian ride-hailing app Bolt announced that it is live in London rivalling its larger competitor, Uber (NYSE:UBER). Formerly known as Taxify, the company is based in Tallinn, Estonia. A post on Bolt’s website reads that as of 11 June, Bolt is live in the nation’s capital city. “London is more than just a city. […]

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Ted Baker warned of the “extremely difficult” trading conditions on Tuesday that continue to impact the business’s performance. Shares in the business were trading almost 26% lower on the announcement. The luxury British fashion brand said that ongoing consumer uncertainty in a number of its key markets and elevated levels of promotional activity across its […]

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Pharmaceutical company Stada (OTCMKTS:STDAF) announced its acquisition of six brands on Friday, one of which is the well-known UK brand Savlon Antiseptic Cream. Based in Bad Vilbel, Germany, the acquisition will allow Stada to continue to expand its consumer health business in Europe and selected markets in Asia and Latin America. As of 2018, the […]

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Employers across the UK hired less permanent staff in May as Brexit uncertainty weighs on the jobs market, according to the Recruitment and Employment Confederation’s monthly report. The number of people appointed to permanent job roles dropped for the fourth time in the past five months in May, occurring at a quicker pace than in […]

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UK house prices rose 5.2% during the three months to May 2019, according to data posted by Halifax. This increase occurred at the fastest annual rate since the start of 2017. House prices in the three months to May were 5.2% higher than in the same three months a year prior. The nation’s largest mortgage […]

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The Canadian multinational mass media and entertainment company, Entertainment One, has denied the departure of president and chief content officer of film, television and digital, Mark Gordon. Shares in the company were just over 15% higher during early trading On Thursday morning. Entertainment One is a global independent studio that specialises in the development, acquisition, […]

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Aviva announced on Thursday that it was set to cut roughly 1,800 jobs across the group over the next three years. Out of the 30,000 staff that the company currently employs, 1,800 jobs will be slashed in an attempt to reduce costs. The insurance company said that it intends to reduce expenses by £300 million […]

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The UK new car market has fallen again in May 2019, according to data provided by the Society of Motor Manufacturers and Traders. Across the month, new car registrations in the UK dropped by 4.6%, with 183,724 units registered. The decrease is a reflection of ongoing uncertainty surrounding diesel and clean air zones, in addition […]

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Ryanair (LON:RYA) posted its traffic statistics on Tuesday, growing its May passenger volume by 13%. Founded in 1984, the Irish low-cost airline is headquartered in Swords, Dublin, with its primary operational bases located at Dublin and London Stansted airports. Passenger numbers grew to 14.1 million in May, which is 13% higher than that of the […]

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Card Factory (LON:CARD), the UK’s leading specialist retailer of greeting cards, said on Wednesday that sales for the first-quarter grew 6.4%, citing however the difficult trading environment which has limited growth. Like-for-like sales grew by 2.3% and, in the context of the continued challenging consumer environment, this performance demonstrates strength of its quality and value […]

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Wizz Air (LON:WIZZ), the largest low-cost airline in Central and Eastern Europe, posted its passenger statistics for May 2019. Shares in the company were trading slightly higher during mid-morning trading. The Hungarian airline flew 3,470,889 passengers in May, a 22.4% rise compared to the 2,836,380 figure from the same month a year prior. The low-cost […]

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The Anglo-Dutch oil and gas company Royal Dutch Shell (AMS:RDSA) has updated investors on its strategy on Tuesday, in addition to setting out a financial outlook until 2025. The company also revealed that it remains on track to deliver on its previous 2020 commitments. The company’s Chief Executive Officer, Ben van Beurden, summed up the […]

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UK retail sales dropped by an annual 2.7% last month according to data from the British Retail Consortium. According to the British Retail Consortium’s data, the decrease is the biggest fall since 1995. Additionally, like-for-like sales decreased by 3.0%. Total three-month average for food came in at 1.9%, followed by the total three-month average for […]

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PayPal will back the Swedish fintech company Tink in a €10 million investment. Launched in 2012 with the aim of improving banking, Tink began with a consumer app which has today become a platform that provides tools to users in order to “let anyone build the future of financial services across Europe,” its website reads. […]

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President of the US, Donald Trump, has sparked tensions with the Mayor of London, Sadiq Khan, before even stepping foot on UK soil. During his journey to London Stansted, the President took to Twitter to express his views concerning the Mayor of London. According to Trump, Sadiq Khan has done a “terrible” job as Mayor […]

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Matteo Slavini’s League has outright won the 2019 EU elections in Italy. The League came in first with 34.3% of the vote, followed by the Democratic Party with 22.7% and the anti-establishment Five Star Movement third with 17.1%. Italy’s League was particularly popular in the north, which is no surprise given that it only recently […]

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Uber (NYSE:UBER) is set to launch the electric bike service JUMP in London. The taxi app will be trialling the scheme in the capital, offering bikes available to rent through its app. 350 red JUMP electronic bikes will take to Islington as part of the trial, which will expand across more London boroughs across the […]

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Mothercare (LON:MTC) posted a £66.6 million pre-tax annual loss for 2018, but insists the completion of its UK store closure programme leaves the business on a “sounder financial footing”. Founded in 1961, it has been publicly listed on the London Stock Exchange since 1971. The British childcare retailer said on Friday that it had successfully […]

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Severn Trent (LON:SVT) posted its annual results on Tuesday in which it underscored its ongoing communication with the government concerning the future of the water sector. The water utility company, which posted a 4.2% increase in group turnover, said that the renationalisation of the water industry continues to remain a possibility in the event of […]

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Ryanair (LON:RYA) revealed its annual results on Monday for its financial year to 31 March in which it posted a 29% fall in annual profits to €1.02 billion. Amounting to €1.02 billion, its profit after tax for the financial year is down from the €1.45 billion figure from the year prior. Founded in 1984 and […]

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EasyJet warned on Friday of its outlook in the second half of its financial year, citing Brexit-related market uncertainty and economic fragility in Europe. The budget airline revealed in its results for the first half of the financial year that it expects revenue per seat at constant currency in the second half to be slightly […]

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Amazon (NASDAQ:AMZN) is set to invest in the popular UK food delivery app, Deliveroo. News emerged of the deal just days after rival Uber’s listing on the New York Stock Exchange. Revealed in an exclusive Sky News report, Amazon is leading a new £450 million fundraising round in Deliveroo. “This new investment will help Deliveroo […]

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Michelin announced on Thursday that it has acquired Masternaut, one of the largest European telematics providers. The exact amount Masternaut was acquired for has not been specified. According to Michelin, the acquisition will speed up the development of its Services & Solutions business for light vehicles, enable Masternaut to roll out its offering across the […]

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Nestle (SWX:NESN) announced on Thursday that it had entered into exclusive negotiations with a consortium led by EQT for the sale of Nestle Skin Health for 10.2 billion Swiss francs. EQT is a wholly owned subsidiary of the Abu Dhabi Investment Authority (EDIA). Nestle said that the deal is subject to employee consultations and approval […]

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William Hill (LON:WMH) plc has confirmed its full year outlook in a trading update on Wednesday, driven by the success of its US operations following the legalisation of sports betting. The bookmaker posted a trading update for the unaudited 17 weeks to 30 April, in which group net revenue for the period was up 2%. […]

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Asda owner Walmart said that the UK supermarket could be set for a stock market listing. The announcement comes following the supermarket’s blocked merger with Sainsbury’s (LON:SBRY) earlier last month. “While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO – a public […]

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Amazon (NASDAQ:AMZN) and Next (LON:NXT) are set to launch a click and collect service which will allow online Amazon parcels to be collected from Next stores. Customers will be able to collect their online deliveries from hundreds of Next stores across the country. Based in Seattle, Washington Amazon.com is a multinational American technology firm that […]

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German multinational financial services company Allianz (ETR:ALV) announced posted a 7.5% increase in operating profit for the first quarter of the year. Operating profit amounted to €3 billion, a 7.5% increase compared to the same period a year prior. This was mostly driven by Allianz’s Property-Casualty business segment following strong premium growth, lower claims from […]

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London’s iconic toy store Hamleys has been sold to Reliance Brands Limited in a deal of almost £70 million. Hamleys was originally founded in 1760, making it the world’s oldest toy retailer. Its iconic store in the heart of London attracts adults and children alike, both tourists and Londoners. The flagship store on Regent Street […]

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International Consolidation Airlines Group (LON:IAG) posted its first quarter results on Friday, revealing that its operating profit will not grow during the current year. The owner of British Airways said that, given current fuel prices and exchange rates, its 2019 operating profit before exceptional items will be in line with that of 2018. It did, […]

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Barratt Developments, one of the UK’s largest residential property development businesses, announced that its full year outlook is modestly above its previous expectations. From 01 January to 05 May, total forward sales amounted to £3.37 billion, up 2.4% compared to the £3.29 billion figure from last year. Barratt Developments, who has been awarded the Home […]

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Morrisons (LON:MRW) posted a first quarter trading statement on Thursday in which it cited the political and economic uncertainty that continued to impact consumer confidence. For the 13 weeks to 5 May, like-for-like sales excluding fuel were up 2.3% – 0.2% from retail and 2.1% from wholesale. Including fuel, the figure amounted to 2.7%. Total […]

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Commerzbank revealed a 54% decrease in net profit for its first quarter. For the quarter, net profit amounted to €120 million, compared to the €262 million figure from a year prior. Additionally, revenue also was down year-on-year at €2.16 billion, a decrease compared to the previous €2.22 billion figure. Commerzbank cited a higher tax burden […]

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Uber drivers across the UK are set to strike against pay and work conditions just days before the company launches its initial public offering. Drivers in British cities such as London, Nottingham, Glasgow and Birmingham will protest, in addition to drivers in New York, San Francisco, Chicago, Los Angeles, San Diego, Philadelphia and Washington DC […]

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Pandora (CPH:PNDORA) announced on Tuesday that it has progressed well with its business transformation programme, labelled Programme NOW. Announced earlier this year, the transformation programme aims to cut costs following the business’ disappointing 2018 results. Pandora aims to save 1.2 billion Danish crowns under the plan by 2022. The programme follows a disappointing set of […]

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Domino’s (LON:DOM) announced on Tuesday that it no longer expects its international business to break even this year following a weak system sales performance and a first-quarter operating result below that of last year. Domino’s, the UK’s leading pizza delivery business, said that group system sales were up 4.5%. Additionally, 11 stores were opened in […]

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HSBC (LON:HSBA) announced a 31% rise in profit for its first quarter on Friday, driven by its operations in Asia. HSBC, the leading banking and financial services organisation globally, reported a profit after tax that amounted to $4.9 billion, up 31%. Additionally, reported revenue was up 5%, whilst adjusted operating expenses were up 3.2%. HSBC’s […]

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Adidas (ETR:ADS) posted its first quarter results on Friday and confirmed its full-year outlook. The multinational sportswear manufacturer said that its currency-neutral revenues grew 4% in its first quarter and 6% in euro terms to €5.883 billion. The company has said that this was driven by a 5% growth at brand Adidas. According to Reuters, […]

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Reckitt Benckiser (LON:RB) posted a 1% rise in its first-quarter sales on Thursday but expects to see “improving growth” during the remainder of the year. Head quartered in Slough, England, Reckitt Benckiser is a multinational consumer goods company boasting iconic brands such as Dettol, Strepsils, Gaviscon, Air Wick and Vanish. Like-for-like sales rose 1%, falling […]

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Anglo-Dutch oil and gas company Shell (AMS:RDSA) posted a 2% decrease in its profits for the first quarter. Profits for the first quarter amounted to $5.3 billion, only a 2% drop from the same period a year prior. According to a company-provided study, Shell was expected to make only $4.5 billion over the quarter. This […]

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Next (LON:NXT) announced on Wednesday that the unusually warm weather over the Easter holiday period boosted its full price sales. In a trading statement, the multinational fashion, footwear and home products retailer said that total full price sales increased by 4.5% in the thirteen weeks to 27 April. This figure is 1.3% above the company’s […]

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Sainsbury’s (LON:SBRY) announced on Wednesday that it will be accelerating investment in its in store estate and technology as it attempts to reduce its net debt. The supermarket said that it will invest to improve over 400 supermarkets this year, in addition to reducing its net debt by at least £600 million over the course […]

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Lufthansa posted a deeper loss on Tuesday for its first-quarter of 2019, blaming higher fuel costs. Germany’s largest airline lost €342 million, which is almost nine times deeper than that of the first-quarter a year prior. The weak start to the year resulted in an adjusted EBIT of -€336 million, but the airline expects to […]

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BP (LON:BP) posted a decrease in its profits on Tuesday in its first-quarter results, when compared to the same period a year prior. Underlying replacement cost profit for the first quarter of the year was $2.4 billion. This compares to $2.6 billion from a year earlier. The multinational oil and gas company has said that […]

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The Dutch multination technology firm Philips posted its first-quarter results on Monday, unable to hit sales predications made by analysts polled for Reuters. Analysts predicted that the health technology firm would reveal a comparable sales growth of 2.4%. Philips posted a 2% rise in comparable sales growth for the period, with sales in the quarter […]

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Boeing’s (NYSE:BA) Chief Executive Officer Dennis Muilenburg is expected to be grilled on Monday during the company’s first confrontation with shareholders since the two crashes of its 737 MAX model. Since the two Boeing 737 MAX crashes, airlines and governments across the globe have grounded the model. Investigations were triggered into the accident worldwide and […]

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American Airlines (NASDAQ:AAL) posted its first-quarter results on Friday, citing the impacts of the grounding of Boeing’s 737 MAX planes. Headquartered in Fort Worth, Texas, it is the U. S’s leading airline based on passenger traffic. The company has estimated that the grounding of its Boeing 737 MAX fleet will impact its 2019 pre-tax earnings […]

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Goldman Sachs said on Friday that the nation’s Brexit delay is set to damage the British economy even further. With little progress being made on the matter in the UK, GBP/USD is currently trading around 1.2900 among Brexit deadlock. Britain, home to the world’s fifth largest economy, was originally due to formally depart from the […]

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Carpetright announced on Thursday that its overall trading performance for the 12 weeks to 20 April remain in line with expectations, causing its shares to soar. Shares in the company were trading over 37% higher on Thursday following the announcement. The company’s UK like-for-like sales improved significantly in the fourth quarter, when compared to the […]

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Sainsbury’s (LON:SBRY) £7.3 billion takeover of Asda (NYSE:WMT) has been blocked by the Competition and Markets Authority (CMA) because it will create a “poorer overall shopping experience”. Shares in Sainsbury’s were trading over 6% lower following the announcement. According to the Competitions and Markets Authority, consumers would not benefit from the merger. This is due […]

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Owner of Primark, Associated British Foods (LON:ABF), posted sales of £7.5 billion in first-half results. The £7.5 billion figure is 1% higher to that of the prior year. It also revealed an adjusted operating profit of £639 million, a 1% decrease compared to last year. Primark itself delivered a profit growth of 25%. “Primark delivered […]

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Samsung (KRX:005930) is retrieving all of its Galaxy Fold samples just a day after it postponed the new gadget’s launch, according to Reuters. A person with direct knowledge of the situation has said that Samsung Electronics Co Ltd is reclaiming samples that it had sent to reviewers. This is to investigate the reports of its […]

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One of the UK’s largest property development and investment companies, British Land (LON:BLND), said that it had exchanged on the sale of 12 superstores from its joint venture with Sainsbury’s for £429 million, to Realty Income Corporation. The company said that its share of the proceeds will be £193.5 million. The sale will reduce its […]

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Unilever (LON:ULVR) revealed a stronger-than-expected growth in its underlying sales for its first-quarter. Owner of iconic brands such as Dove, Marmite, PG Tips, Ben and Jerry’s, Magnum and Pot noodles, Unilever said that its underlying sales grew 3.1%, with 1.2% from volume and 1.9% from price. Analysts were roughly expecting a 2.8% underlying sales increase, […]

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Nestle (SWX:NESN) confirmed its annual guidance on Thursday following a good momentum in its US and China markets. The food group posted an organic growth of 3.2% excluding businesses under strategic review. This growth acceleration was largely supported by its fourth largest market, Brazil. Moreover, the US and China, two of the company’s leading markets, […]

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L’Oreal (EPA:OR) posted its first-quarter results Tuesday evening, revealing an 11.4% growth in sales across the business. Sales across the group came in at €7.55 billion and had increased by 7.7% on a like-for-like basis. Founded over 100 years ago, L’Oreal is now the world’s largest cosmetics business. “In the first quarter of 2019, L’Oreal […]

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Tom Tom (AMS:TOM2) revealed a 14% rise in its first-quarter revenue on Wednesday in its first-quarter results. The digital navigation company said that its group revenue for the quarter was €170 million, a 14% increase compared to the €149 million figure from the same period a year prior. Its first-quarter revenue comes in above the […]

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Lufthansa (ETR:LHA) posted a €336 million operating loss for the first three months of 2019, blaming rising fuel costs for weighing down the figure. For the same period a year earlier, Germany’s biggest airline recorded a €52 million operating profit. Its earnings over the period were reduced by a €202 million rise in fuel costs. […]

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JD Sports (LON:JD) posted an increase in its annual pre-tax profit on Tuesday, beating the UK retail gloom and remaining confident as Brexit uncertainty prevails. Profit before tax jumped 15.4% to £339.9 million. This compares to the £294.5 million figure from a year prior. “This new record result for our Group has been achieved with […]

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In the four weeks to April 6, asking prices for properties across the UK increased the most in over a year, according to latest data from a survey. According to Rightmove, the 1.1% asking price monthly increase is larger than expected for this time of the year. This is an increase of £3,447, but it […]

The post UK asking prices increase, will Brexit delay offer relief? appeared first on UK Investor Magazine.

Volkswagen (ETR:VOW3) said on Monday that it expects its core brand global sales for 2019 to be in line with last year’s level. This is in spite of the slight drop in China sales during the first quarter. It is said that government incentives are expected to drive demand in the company’s second half of […]

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Head of the International Monetary Fund said that Brexit’s six-month extension avoids a “terrible” no-deal outcome, according to Reuters. The GPB/USD is trading steadily in the mid 1.30000s as the markets process the six-month Brexit extension. “At least the UK is not leaving on April 12 without a deal. It gives time for continued discussions […]

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Ride-hailing firm Uber has released details of its IPO plans, warning that it “may not achieve profitability”. The company will list its shares on the New York Stock Exchange under “UBER”. However, Uber expects operating expenses to “increase significantly in the foreseeable future” and warned that it “may not achieve profitability”. The deal will most […]

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The European Union has agreed to postpone Brexit for an additional six months until Halloween following five hours of discussions in Brussels. The GBP/USD is now trading below 1.3100 after the UK’s departure from the European Union was delayed until Halloween. The new deadline for the nation to depart from the European Union is October […]

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Ted Baker (LON:TED) has announced that the independent misconduct investigation into the actions of its founder and former CEO Ray Kelvin has been concluded. Moreover, Lindsay Page has been appointed Chief Executive Officer with immediate effect. Ray Kelvin, who founded the apparel chain in 1988, resigned from his Chief Executive role in March with immediate […]

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Tesco (LON:TSCO) posted a 34% increase in its full-year operating profit to £2.21 billion on Wednesday, beating expectations. “After four years we have met or are about to meet the vast majority of our turnaround goals. I’m very confident that we will complete the journey in 2019/20,” Dave Lewis, Chief Executive of Tesco, commented on […]

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ASOS (LON:ASC) posted an 87% year-on-year first-half profit before tax decline on Tuesday following its weak performance over the festive period. During the week before Christmas, the online fashion brand issued an unexpected profit warning to warn of its weak performance, sending shares crashing over 40%. “Our performance across H1 has been disappointing and we […]

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Drone-delivery business Wing, owned by Google’s parent company Alphabet (NASDAQ:GOOGL), has been granted approval to operate in the skies over Australia. Named Wing, the company envisions a future where drone delivery is the safest, fastest and most environmentally friendly mode of transport. It hopes that everyone can benefit from the delivery of small items to […]

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Debenhams (LON:DEB) edges closer to falling into the hands of its lenders on Tuesday having rejected a new attempted rescue plan by Mike Ashley. Its shares were suspended before trading began on the stock market Tuesday morning. Sports Direct (LON:SPD) boss Mike Ashley made an improved offer in the early hours of this morning of […]

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The Co-operative Group announced on Friday that its annual underlying profit before tax remained flat at £43 million, noting the challenging “political and consumer backdrop.” Its profits before tax from continuing operations increased by 27% to £93 million. Group revenue was up 14% to £10.2 billion, supported by its acquisition of Nisa and the strong […]

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Italy’s current economic situation is “delicate” and must be carefully monitored, according to the European Union economics commissioner Pierre Moscovici. The EUR/USD is currently trading above 1.1200 after German industrial output increased by 0.7%, coming in just above expectations. Moscovici was reported by Reuters this morning as saying that “Italy is in a very delicate […]

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S&P Global Ratings is the latest company to predict the economic damage caused by Brexit. The company said that regardless of the form of relationship between the UK and the EU, it is difficult to deny that the British economy has already suffered during the preparation stages prior to the official departure date. S&P Global […]

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Mothercare (LON:MTC) released a trading update on Thursday revealing the rate in which its like-for-like sales were declining had improved when compared to the prior two quarters. Shares in the company were trading over 6% lower on the news. Founded in 1961, it has been publicly listed on the London Stock Exchange since 1971. The […]

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Most of Superdry’s board members have quit following the return of founder Julian Dunkerton. Top executives are among the board members who have left their positions. Earlier in March, Superdry asked its shareholders to reject Julian Dunkerton’s pledge for a seat on the board. It believed that his appointment would lead to the company pursuing […]

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Time Out Group (LON:TMO) announced on Wednesday that it has entered into a management agreement with Emaar Malls in order to open a new Time Out Market in one of Dubai’s most highly visited attractions. Time Out Market was launched in 2014 in Lisbon. The restaurants and artisan kiosks enable people to discover local specialities […]

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Latest industry data from researcher Kantar revealed that Asda has overtaken Sainsbury’s in main store sales. Kantar’s figures reveal a year-on-year growth of 1.4% in supermarket sales for the 12 weeks to 24 March. It said that the later Easter date and Mother’s Day not being in the reported period have each contributed to the […]

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Wizz Air (LON:WIZZ) confirmed on Tuesday that trading in the fourth quarter of its financial year is in line with expectations and net profit for the year will be at the top of its guidance range. Shares in the company were over 4% higher during early trading on Tuesday. For the year ended 31 March, […]

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Sports Direct (LON:SPD) announced on Monday that numerous Debenhams shareholders have expressed their support for the appointment of its boss, Mike Ashley, as CEO of the struggling department store (LON:DEB). Shares in Debenhams were almost 10% lower during early trading on Monday. In a brief statement Sports Direct said that it had been contacted by […]

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EasyJet (LON:EZJ) said on Monday that it is more cautious about its financial performance in the second half of its financial year. Shares in the budget airline were trading 8% lower on the back of the announcement. The company said in a statement that whilst the results from the first half will be in line […]

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Icelandic low-cost airline WOW Air has grounded its flights leaving thousands of passengers stranded on Thursday morning. The heavily in debt airline has been searching for a financial backer for the past few months. According to the Independent, the airline is believed to owe roughly £150 million. The carrier operates between Iceland, Europe and North […]

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Actor, stand-up comedian, writer, producer and director Seth Rogen has partnered with Canopy Growth Corporation (TSE:WEED) to launch a new cannabis brand in Toronto – Houseplant. Canopy Growth Corporation said in a statement that “it is pleased to welcome Houseplant, a new brand of Canadian cannabis, to the Canopy Growth family today.” “Founded by Seth […]

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With only two days until the official Brexit departure date, the outcome of Brexit still remains uncertain. Theresa May is expected on Wednesday to reveal her own departure date from her position, paying the price for the approval of her formerly twice-rejected Brexit deal. Jacob Rees-Mogg has now suggested that he will back Theresa May’s […]

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Sports Direct (LON:SPD) announced on Wednesday that it was considering taking full control of Debenhams (LON:DEB) in a £61.4 million bid for the struggling department store. Shares in Debenhams plc surged over 50% following the announcement. The announcement comes after weeks of back and forth moves between the two businesses. Currently, Mike Ashley’s Sports Direct […]

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Fever-Tree Drinks plc (LON:FEVR) revealed a 34% increase in its annual adjusted core earnings on Tuesday, boosted by the prevailing UK gin craze. The company said that its annual adjusted core earnings grew 34% to £78.6 million, compared to 2017’s £58.7 million figure. Events such as the World Cup and the Royal Wedding boosted the […]

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A.G Barr plc (LON:BAG), the maker of the Irn-Bru brand, revealed on Tuesday that 99% of its soft drinks are sugared down in order to exempt the products from Britain’s soft drinks industry levy. The UK’s sugar tax on soft drinks was introduced last April in order to positively impact the health of individuals in […]

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Majestic Wine (LON:WINE) revealed on Monday that it would close stores amid plans to concentrate on its Naked Wines online division. Shares in Majestic Wine dropped over 12% on the announcement. Founded in 2008 by Rowan Gormley, Naked Wines was purchased by Majestic Wines in 2015 for £70 million. Following the acquisition of Naked, the […]

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Sports Direct (LON:SPD) released a statement on Monday calling on Debenhams (LON:DEB) to reconsider its offers made to save the struggling department store chain. The latest offer made by Sports Direct is the acquisition of Magasin Du Nord, Debenhams’ Danish operation, for £100 million, but this has been rejected by the department store chain. Sports […]

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Prime Minister Theresa May has been granted a Brexit delay until the 22 May, pushing the official departure date beyond 29 March. The announcement came Thursday evening following eight hours of talks with EU leaders. It reduces the current likelihood of a no-deal leave next week. However, the GBP/USD dropped sharply to 1.3080 as fears […]

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Ted Baker (LON:TED) posted a 26.1% decrease in its pre-tax annual profits on Thursday. Brexit uncertainty, “competitive discounting” across the sector, well-publicised challenges facing some of its British trading partners and UK weather patterns impacted the group’s performance. For the year ended 26 January, the British fashion retailer reported a £50.9 million profit before tax […]

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Next (LON:NXT) posted a 0.4% decrease in annual profits on Thursday in its results for the year ending in January. The company predicts another decline for the following year as in store sales continue to decrease. The company recorded a pre-tax profit of £722.9 million. This figure is a 0.4% decrease compared to last year’s […]

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BMW group (ETR:BMW) announced on Wednesday that its profits for 2019 could fall by over 10%, in addition to pursuing a €12 billion cost savings and efficiency plan. The group warned that its profits for the year are expected to fall “well below” the level of those from the previous year. BMW said that its […]

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DIY group Kingfisher (LON:KGF) posted a 53% crash in pre-tax profits on Wednesday and is searching for a new CEO. The owner of B&Q announced that pre-tax profits for the year ended 31 January 2019 were £322 million. This is a 53% slide compared to the £682 million figure from the year prior. Profits were […]

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Debenhams’ fifth-largest investor has called in quits as Mike Ashley battles for control over the struggling department store (LON:DEB). In an email to Financial News, Invesco Asset Management confirmed that it had sold its almost 5% stake in the company. Invesco Asset Management has declined to give a reason as to why it sold its […]

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Womenswear retailer Bonmarche (LON:BON) issued yet another profit warning on Tuesday following significantly weak trading over the past few weeks. This is the third profit warning it has issued in the past six months. Shares in the company slid almost 19% during early trading on Tuesday. The retailer had been predicting an underlying annual loss […]

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Deutsche Bank and Commerzbank confirmed over the weekend that they were discussing a potential merger, but doubts prevail. If the two banks are to merge, they would hold one fifth of the German retail banking market. Their joint employee numbers reach 140,000 workers across the globe. 91,700 of these are with Deutsche Bank and 49,000 […]

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Active wear retailer JD Sports (LON:JD) has agreed to purchase Footasylum (LON:FOOT) in a £90 million deal as its smaller rival struggles for survival amid tough trading conditions. Shares in Footasylum soared 75% following the announcement. Founded in 1981, JD Sports is the UK’s second largest sports retailer. It already owns 18.7% of its rival […]

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Swedish fashion retailer H&M (STO:HM-B) announced on Friday its local-currency sales for its first financial quarter. Sales match predictions set by analysts and net sales came in above expectations. Over the three-month period from 1 December 2018 – 28 February 2019, the retailer’s local currency sales (including VAT) increased by 4% when compared to the […]

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Facebook (NASDAQ:FB) faced over 14 hours of disruption yesterday to all of its products as many users across the world were unable to access them. Shares in Facebook were trading just 2% lower despite the “partial outage”. Beginning Wednesday afternoon, problems that arose were only truly resolved early Thursday morning. The primary platforms used across […]

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Lufthansa (ETR:LHA) revealed on Thursday a wary revenue and profit guidance for this year after reduced fares and higher fuel prices dampened its 2018 earnings. The German carrier said that it will slow capacity increases to 1.9% over the summer period. This reduced figure compares to the 3.8% previously predicted, and is an attempt to […]

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Cineworld (LON:CINE) posted its full-year results on Thursday, revealing a rise in its pre-tax profits boosted by performance in the U.S. Shares in the business were up by over 6.5% during early trading on Thursday on the back of the cinema chain’s strong results. Beginning operations in 1996, the aquisition of US-based Regal Entertainment earlier […]

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Debenhams (LON:DEB) has been offered a £150 million loan by Sports Direct, latest development in the struggle for control show. In return for the interest free loan, Sports Direct has requested an additional 5% stake in the business and the appointment of Mike Ashley as Chief Executive. Sports direct (LON:SPD), 61% owned by entrepreneur Mike […]

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Research commissioned by the UK’s luxury sector has revealed that it could lose up to £6.8 billion in exports a year in the event of a no-deal brexit. Names such as Burberry, Bentley, Rolls-Royce and Harrods are at risk. The UK is home to the world’s fifth largest economy, and with weeks left until the […]

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Fashion brand Superdry (LON:SDRY) has announced that it will hold a shareholder meeting on 2 April in London following the demands of its founders. Julian Dunkerton and James Holder founded the company in 2003. Superdry is asking its shareholders to reject Julian Dunkerton’s pledge for a seat on the company’s board. He stepped back from […]

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Shipping services provider Clarkson (LON:CKN) posted a drop in its pre-tax profits as a result of geopolitical uncertainties, Brexit and a weakening dollar. Shares in the business were trading almost 8% lower on Monday morning. These factors were all expected to prevail over the next year. Headquartered in London, Clarkson said that its profit before […]

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Struggling department store Debenhams (LON:DEB) has confirmed that it is in “advanced” talks with banks to borrow £150 million in order to snatch back control from Mike Ashley. £40 million of the sum would refinance a £40 million bridging loan. The loan was secured last month in a wider recovery attempt that aims to assist […]

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Norwegian Air’s (OCTCMKTS:NWARF) traffic report revealed a smaller-than-expected increase in capacity expansion for the month of February. Total number of passengers flown over the month was 2,517,335, an 8% increase from 2,330,006 last year. Additionally, total passenger traffic increased by 11%. The budget airline’s capacity expansion – which is measured by available seat kilometres (ASK), […]

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The high-end fashion retailer LK Bennett has collapsed, with 500 jobs put at risk. Last week, the chain lined up EY as administrator if it was unable to source new financing. In the year to the end of July 2017, the business faced an operating loss of almost £6 million. LK Bennett has 39 shops, […]

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Greggs (LON:GRG) has said that the launch of its vegan sausage roll helped boost an exceptional sales performance. In the seven weeks to 16 February, like-for-like sales surged 9.6%. The launch of its vegan sausage roll and the subsequent publicity surrounding it, helped boost sales as the baked goods company delivered a very strong start […]

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Defence and aerospace business Cobham (LON:COB) has announced its plans to reinstate a progressive dividend, despite latest reports of a fall in profits. The british manufacturing company based in Dorset said that over the 12-month period to 31 December, underlying operating profits dropped to £196 million from £213.1 million a year prior. Revenue came in […]

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Nationwide (LON:NBS) is set to take a £15 million stake in the fintech start-up founded by Antony Jenkins, the ex-Barclays boss. The announcement is set to be revealed later today by both parties, but was learnt in advance by Sky News. Last year the UK building society unveiled its £50 million fintech fund, which was […]

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Insurers Aviva (OCTCMKTS:AVVIY) and Admiral (LON:ADM) have both warned of the impacts Brexit could have on their businesses. With three weeks to go until the official departure date, Aviva has warned that the uncertainty surrounding Brexit, and its unknown future impacts, on the British and European economy, has “muted” its near-term outlook. Additionally, the insurer […]

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Refeyn has received a £1 million equity investment from Foresight Williams Technology EIS fund as part of a £2.55 million round. The investment will be used to scale up the manufacture and distribution of current products in addition to the development of new ones. Refeyn will join Open Bionics, FreeFlow Technologies and Inovo, just to […]

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888 (LON:888) announced mon Monday that it had acquired BetBright’s sports betting platform for £15 million. Listed on the London Stock Exchange, the Gibraltar based company acquired the sports betting platform in order to support its long term development strategy for 888Sport. Under the acquisition, BetBright’s Dublin office is set to be integrated into 888. […]

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Ryanair (LON:RYA) announced that it flew 13% more passengers in February on-year. Passenger volumes for the month of February reached 9.6 million customers, with a load factor of 96%. These statistics bring the budget carrier’s financial year-to-date growth to 9%. Elsewhere in the industry, Wizz Air (LON:WIZZ) also announced its passenger volumes statistics on Monday. […]

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Ted Baker (LON:TED) announced on Monday that its chief executive and founder, Ray Kelvin, has resigned with immediate effect. His resignation comes amid a continued investigation into allegations of personal misconduct. Ray Kelvin, who founded the apparel chain in 1988, has denied all allegations made against him. The CEO initially took a leave of absence […]

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Wizz Air (LON:WIZZ) announced on Monday a 13% rise in passenger volumes for the month of February. Shares in the flyer were up during early trading Monday morning. The company offers over 650 routes from 26 bases, connecting 146 destinations across 44 countries. The largest low-cost airline in Central and Eastern Europe flew roughly 2.4 […]

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British American Tobacco (LON:BATS) reported on Thursday a “strong business performance across all categories” for the 2018 financial year. Headquartered in London, the multination cigarette and tobacco manufacturing company posted a 45.2% rise in operating profit to £9.31 billion. Likewise, revenue also rose 25.2% to £24.5 billion. British American Tobacco withdrew from Formula One in […]

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Aston Martin (LON:AML) shares slid over 17% on Thursday following the announcement of last year’s financial results. The costs of its IPO weakened its performance, though revenues jumped 25%, driven by a particularly strong performance in China and the Americas. It has also announced a £30 million Brexit fund to prepare for any disruption. Founded […]

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Rolls-Royce has announced that it has withdrawn from the competition to power Boeing’s new mid-sized airplane. It has pulled out of the competition because it is unable to commit to the proposed timetable. Shares in the company are trading over 3% lower today. Its Trent 1000 engine powers the Boeing Dreamliner 787 jet. Rolls-Royce makes […]

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The European Commission has warned that Italy’s huge public debt poses a threat to the entire Eurozone, and it is only being exacerbated by the policies of its populist government. The Eurozone’s third largest economy slipped into its third recession in a decade last month. It entered a technical recession after contracting for two consecutive […]

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New data has emerged revealing that most British adults do not check the beneficiaries of their financial policies and could therefore be leaving money to the wrong people. As the UK’s departure from the European Union draws closer, it is advised that financial policies are reviewed. Phoenix Life, Europe’s largest life and pensions consolidator, conducted […]

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Baroness Karren Brady has quit as chair of the holding company for Sir Philip Green’s Arcadia Group, Taveta Investments. The announcement comes just days after saying that she had a “duty” to employees to remain as chairman. Earlier this month, Karren Brady had said that she would not resign from Taveta following The Telegraph’s reportage […]

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The British shopping centre operator Hammerson has announced that it has won shareholder support on its asset selling programme aimed to reduce company debt. Indeed, shareholder Elliot Advisors has backed the plan to offload more assets as well as expand its board. Hammerson announced on Monday that it planned to offload more of its assets […]

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Hammerson has announced that it will offload more of its sites in order to raise over £500 million. Shares in the company decreased by over 2.5% during early trading on Monday. Birmingham’s Bullring and London’s Brent Cross owner said that a portfolio-wide review in order to accelerate transactions has been beneficial in identifying additional disposal […]

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The Italian newspaper la Repubblica said on Thursday that the country’s budget does not include measures strong enough to boost growth. By citing a European Commission document, the newspaper has stressed that the budget instead makes Italy a “contagion risk” for the Eurozone. According to the newspaper, the Commission’s Country Report will reveal that Italy’s […]

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Ferrero has announced that it has temporarily stopped production at the biggest Nutella production plant in France’s Normandy region. Production was halted as a result of quality issues on Tuesday afternoon. “After reading the results of one of the quality checks at out Villers-Ecalles factory, we noticed quality defect in one of the semi-finished products […]

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The CEO of Heathrow airport said on Thursday that Europe’s biggest airport could benefit from additional trade if the UK leaves the European Union without a deal. Indeed, John Holland-Kaye told Reuters that if other modes of transport are blocked by additional congestion, London Heathrow trade could be boosted. “In the short-term, if there are […]

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Energy supplier Centrica (LON:CNA) has warned of the consequences the national price cap on energy bills will have on its 2019 financial performance. Shares in the Windsor-based energy company dropped over 11% during early trading. Centrica is the UK’s largest energy supplier with over 12 million customers. The price cap on default energy tariffs was […]

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Nestle (SWX:NESN) has said that the success of its KitKat chocolate means it does not need to add any new businesses to its portfolio. Nestle sold its U.S confectionary business to Italy’s Ferrero in a $2.8 billion deal last year. The sale was made to push Nestle closer towards more health-conscious products. Shares in the […]

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Anglo African Oil & Gas has been partially reimbursed by the Congolese national oil company Société Nationale des Pétroles du Congo for costs relating to the Tilapia Licence. The oil and gas developer said that the Société Nationale des Pétroles du Congo owes it roughly $10 million in respect for its share of the total […]

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Coca-Cola HBC (LON:CCH) announced on Monday that it has acquired Bambi, Serbia’s leading confectionary business. The business was acquired from Mid Europa Partners in a €260 million deal. Coca-Cola HBC is the world’s third-largest Coca-Cola bottler. The company, listed on the London Stock Exchange, has a secondary listing on the Athens Stock Exchange as it […]

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UK convenience retailer, McColl’s Retail Group plc (LON:MCLS), announced on Monday its preliminary results for the year ended 25 November 2018. Profit more than halved and its dividend has been cut having suffered from supply chain disruptions. Shares in the company remained strong during early trading up almost 13%. Pre-tax profit for the period decreased […]

The post McColl’s Retail profit more than halves, shares remain up appeared first on UK Investor Magazine.

Anglo American Platinum (JSE:EMS) revealed its financial results on Monday following another “strong” financial and operational performance. The company has raised its dividend following the sharp growth in annual earnings and cash last year. Dividend pay-out ratio increased from 30% to 40% of headline earnings. This is a result of the company’s “strong” balance sheet […]

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Reckitt Benckiser Group (LON:RB) revealed its full year results on Monday. The consumer goods company reported a 65% drop in its annual profit as a result of one-off gains from the previous year. Net income slid 65% to £2.16 billion. The company has said that 2017 saw exceptional scenarios that increased its profit. These include […]

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Royal Bank of Scotland (LON:RBS) released its annual results on the Friday for the year ended 31 December 2018. Annual profit has more than doubled, driving the bank to reveal a special dividend. RBS also warned of the economic and political Brexit-induced uncertainty that lies ahead. Pre-tax profit for the financial year was £1.62 billion, […]

The post RBS reveals special dividend but warns of Brexit uncertainty appeared first on UK Investor Magazine.

Leading bottler of The Coca-Cola Company, Coca-Cola HBC AG (LON:CCH), has revealed its full-year financial results ended 31 December. Annual performance was at the top of its guidance range, driven by strong volume growth. However, shares in the company were trading over 5% lower on Thursday morning. This was the second year of FX-neutral revenue […]

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EasyJet (LON:EZJ) announced on Thursday that it has entered in discussion with Delta Air Lines and Ferrovie dello Stato Italiane to form a consortium to rescue carrier Alitalia. Ferrovie dello Stato is Italy’s state controlled railway. It will start negotiating with the two airlines to form a rescue plan for struggling Italian carrier, Alitalia. Alitalia […]

The post EasyJet, Delta and Italy’s state controlled railway discuss Alitalia rescue deal appeared first on UK Investor Magazine.

AstraZeneca (LON:AZN) announced on Thursday that it saw a “very strong” fourth-quarter performance, boosted by new medicines. As a result, the drug maker has emphasised its return to growth as it meets its guidance. Product sales growth for the fourth-quarter jumped 5% to $5.77 billion. For the full financial year, revenue dropped 2% to $22.1 […]

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Moneysupermarket.com (LON:MONY) announced its preliminary results on Thursday for the year ended 31 December 2018. Indeed, the British price comparison website posted an 8% rise in revenue as it significantly progressed its strategy in accelerating growth. Shares in the company were up by almost 5% during early trading on Thursday morning. Group revenue was up […]

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Mineral exploration and development company, Kodal Minerals (LON:KOD), has announced its final assay results for the drilling completed at its Bougouni Lithium Project. The Bougouni Lithium Project is based in Southern Mali. Kodal Minerals’ primary focus is on the development of this project, advancing it towards production. The recently completed Maiden JORC Resource Estimate placed […]

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Department store chain Debenhams announced on Tuesday that it has agreed to extend its credit facilities and a sourcing partnership with Li & Fung. Shares in the company soared 39% during trading on Tuesday morning. It has agreed to an additional 12-month senior secured credit facility. The additional facility provides £40 million on increased liquidity […]

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Stagecoach Group plc (LON:SGC) announced on Tuesday that its subsidiary, East Midlands Trains Limited, has agreed a new short-term rail franchise with the Department for Transport. Shares in the company were trading slightly higher during early trading on Tuesday. The new franchise will begin on 3 March 2019 and is expected to run until at […]

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AA’s (LON:AA) motor insurance division has experienced a “solid” operational performance throughout the financial year ending 31 January 2019. However, its roadside breakdown business continues to stumble. This was announced in a pre-closing trading update on Tuesday ahead of its full financial year results announcement on 3 April. Trading EBITDA is expected to not be […]

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Travel company TUI (ETR:TUI1) revealed its first-quarter results of the financial year on Tuesday through a stock market announcement. The results show a deeper earnings as a result of weather conditions, a change in consumer demand from the western to the eastern Mediterranean and a weaker pound. Shares in the company dropped over 4% during […]

The post TUI losses widen following hot British summer and weaker pound appeared first on UK Investor Magazine.

Shaftesbury (LON:SHB), the London West End property investor, announced a trading and finance update on Friday for the period 1 October 2018 to 7 February 2019. The company has said that footfall and trading was “robust” over the period. Shares in the property investor dropped slightly during early trading on Friday. Shaftesbury is a real […]

The post Shaftesbury: footfall was “robust” over Christmas appeared first on UK Investor Magazine.

Thomas Cook released a first-quarter trading statement on Thursday for the three months ended 31 December. The company has said that the financial year has begun in line with expectations, making no changes to its full-year expectations outlined last November. However, the company said it had been hit by a reduced demand for winter sun […]

The post Thomas Cook outlook unchanged amid turbulent summer bookings appeared first on UK Investor Magazine.

Last month, Snoop Dogg (whose real name is Calvin Cordozar Broadus Jr.) announced that he had invested in a Swedish fintech company. The American singer, rapper, record producer, television personality, entrepreneur and actor purchased a stake in Klarna Bank, in order to expand his tech investment portfolio. Snoop Dogg’s venture capital firm, Casa Verde, is […]

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The Bank of England has predicted that the economy will grow by 1.2% in 2019. This would be the economy’s weakest performance since the recession in 2009. Its latest forecasts for the UK economy suggest that there is a one in four chance that it will slip into a recession. Sky News reported that Mark […]

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HMV has been sold to the Canadian music entrepreneur Doug Putman. The deal will see 100 stores saved, but will result in 27 closing. Additionally, 1,500 jobs have been saved by the deal. At the end of December, HMV slipped into administration for the second time. Following tough trading over the Christmas period, KPMG were […]

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Chamberlin plc (LON:CMH) released a trading update on Tuesday for the financial year to 31 March 2019, outlining a first-half operating loss. The specialist castings and engineering group has implemented various cost reduction measures as a result of the changing trading conditions and Brexit uncertainty. Shares in the company dropped by over 9% during early […]

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Carpetright plc (LON:CPR) released a trading update and a directorate change announcement on Tuesday. The group’s overall performance aligns with its expectations amid volatile trading patterns and uncertain trading conditions. Shares in the company dropped slightly during early trading on Tuesday morning. The specialist carpet and floor coverings retailer has said that its overall performance […]

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Ocado Group plc (LON:OCDO) announced its full-year 2018 financial results on Tuesday for the 52 weeks to 2 December 2018. The online grocery retailer revealed a £44.9 million annual loss as its continued investment in its technology platform has more than outweighed a sales increase. Shares had begun to decrease Tuesday morning during early trading. […]

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BP Group (LON:BP) announced its fourth quarter and full year 2018 results on Tuesday. Profit almost doubled for the year, exceeding the company’s expectations. Underlying replacement cost profit for the full financial year reached $12.7 billion. This figure is more than double of that reported for 2017. The figure for the fourth quarter alone is […]

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The Guardian has reported that Unilever (LON:ULVR) is stockpiling ice-cream ahead of the UK’s departure from the European Union. A few weeks’ worth of Ben & Jerry’s and Magnum bars are being stockpiled to ensure that that the UK will not face a shortage of its favourite brands once the official Brexit process begins. The […]

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The surgical and advanced wound care company, Advanced Medical Solutions Group (LON:AMS), announced on Thursday that it has acquired the Israeli-based company Sealantis for $25 million. Sealantis is a medical device company based in Israel. Sealantis’ technology platform has several synergies with Advanced Medical Solutions. The most notable are within the sales, marketing, regulatory and […]

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Home to the third-largest Eurozone economy, Italy has slipped back into a recession. New GDP figures demonstrate that its economy has decreased by 0.2% in the last three months of 2018. This follows a 0.1% fall from the third quarter. Analysts usually define a “technical” recession as two successive quarters of decline. Given the size […]

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Unilever (LON:ULVR) announced its full-year 2018 financial results on Thursday. The company has said it has seen continued profitable growth despite the “volatile” market conditions. Underlying full-year sales excluding spreads grew 3.1%, in line with expectations, with 2.1% from volume. Full year revenue was €51 billion. Underlying operating margin increased 90bps. Meanwhile, underlying earnings per […]

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Domino’s Pizza (LON:DOM) announced on Tuesday that it expects its annual pre-tax profit to be at the lower end of its guidance. Despite the strong UK performance, its international sales have been weak. Shares in the food outlet slid 7% following the announcement. UK system sales were up 6% and UK like-for-like sales increased by […]

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99% of Ryanair (LON:RYA) cabin crew in Spain have voted for a recognition agreement with local trade unions, the airline announced in Tuesday. The recognition agreement with SITCPLA and USO aims to cover all of Ryanair’s directly employed cabin crew in Spain. The airline and SITCPLA and USO are now progressing a collective labour agreement. […]

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House-builder Crest Nicholson Holdings plc (LON:CRST) posted its final year results on Tuesday. Profits dropped 15% as current market uncertainty caused by Britain’s departure from the European Union prevails. Chief Executive Patrick Bergin commented on the results: “The business has had a good year operationally, with an increase in the number of new homes delivered. […]

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Shield Therapeutics (LON:STX) announced on Tuesday that it has reported positive results from a study of an iron deficiency treatment in adults suffering from inflammatory bowel disease. Shares in the company were trading almost 11.5% higher following the announcement. The results are part of a “pivotal” study of Feraccru, a new ferric iron therapy that […]

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Royal Mail (LON:RMG) released a trading update for the nine months to 23 December 2018 on Tuesday. Its recent trading performance remains “broadly” in line with its expectations. However, it has downgraded its letter volume guidance. Shares in the company slid by almost 10% on the back of the announcement. Group revenue increased by 2%. […]

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Carmaker Ford (NYSE:F) has warned that a hard Brexit might cost it up to £615 million in 2019 alone in an exclusive statement to Sky News. Ford issued a statement to Sky on Thursday, where a spokesperson outlined: “Our planning assumptions for Brexit include a negotiated exit as the most likely outcome, with a transition […]

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The British Retail Consortium (BRC) has reported that roughly 70,000 jobs in the UK retail sector were slashed in the final months of 2018. Almost a third of retailers plan to make further staff cuts over the next few months. Chief executive of the BRC, Helen Dickinson, commented on the announcement: “The retail industry is […]

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Anglo American (LON:AAL) released a production report on Thursday for the fourth quarter ended 31 December. Copper and Diamond production are expected to decline in 2019. Total production on a copper equivalent basis for the fourth-quarter of 2018 increased by 7%. This figure is compared to the same period in 2017 and excludes the effect […]

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Daily Mail and General Trust (LON:DMGT) released a trading update of Thursday outlining its first-quarter results. Its 2019 outlook remains unchanged and in line with market expectations. Group revenue increased by 2% on an underlying bias. Reported revenue, however, declined 2% compared to the year prior. Net cash at 31 December 2018 was reported as […]

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Pharmaceutical company Shield Therapeutics (LON:STX) released a stock market announcement on Tuesday outlining the appointment of a new Chairman. Indeed, James Karis has been appointed as the new non-executive Chairman of Shield Therapeutics. James Karis has been on Shield Therapeutics’ board of directors for almost three years. He brings to the pharmaceutical company over 35 […]

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Sirius Minerals plc (LON:SXX) announced a fourth-quarter trading update on Tuesday. In the update, Sirius Minerals has agreed to revise the terms of a potential $3 billion funding round for its flagship fertilizer projects in Yorkshire, United Kingdom. The company said it has been communicating with prospective lenders throughout the process, revising certain aspects of […]

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Global media and entertainment business, Time Out (LON:TMO), announced on Tuesday that it has completed the sale of its stake in Flyt Limited. Indeed, it has sold its share in the leading systems integration platform provider to the global online takeaway delivery market place, Just Eat. Time Out has received £9.6 million proceeds for its […]

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Veterinary and pet product business, Pets at Home (LON:PETS), released a trading statement on Tuesday outlining it figures for its third-quarter. For the 12 weeks to the 3rd January, revenue increase has put the company in a strong position to meet its annual profit guidance. Shares in the company began to rise during early Tuesday […]

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The American singer, rapper, record producer, television personality, entrepreneur and actor, Snoop Dogg, has invested in a Swedish fintech company valued at $2.5 billion (£2 billion). Snoop Dogg’s investment firm, Casa Verde, has previously added cannabis companies to its portfolio. He is now set to purchase a stake in the Swedish fintech start-up Klarna Bank. […]

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Leading small and medium enterprise lending company, Funding Circle, has posted its fourth quarter results on Thursday, topping expectations. For the three months to 31 December 2018, full-year revenue growth came in at 55%, exceeding the 50% guidance stated at the company’s IPO. Loans under management totalled £3.1 billion, a 55% increased compared to the […]

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Persimmon announced on Tuesday morning that it expected its annual profit to be “modestly” ahead of current market expectations. Total group revenue was 4% higher than the year earlier, coming in at £3.7 billion. This compares to the £3.6 billion figure in 2017. New housing revenues increased by 4% to £3.55 billion. Additionally, legal completion […]

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The Gym Group announced its pre-closure trading update for 2018 on Tuesday morning. Adjusted earnings are expected to be weakened from a lower opening programme and the impact associated with outlet conversions from its Lifestyle Fitness acquisitions. Shares in the group dropped by almost 5.5% this morning on the back of the announcement. Total revenue […]

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Flybe announced on Tuesday that it had reached an agreement with Connect Airways to sell its main trading company, Flybe Limited, and digital Flybe.com for £2.8 million. Shares in the company have crashed by over 43% during Tuesday trading on the back of the announcement. Moreover, Flybe announced that it has agreed on a revised […]

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Boohoo group announced on Tuesday that it has updated its full-year sales projection. This upgrade is following a strong set of sales over the Christmas shopping period. For the four months ended 31 December, Boohoo group revenue increased by 44% compared to the same period a year earlier. Gross margins were up 170 basis points […]

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It’s been almost two weeks since we entered 2019 and the leading UK supermarkets have begun to announce their Christmas trading figures. With mixed results, what seems clear is that the British consumer has tightened their pockets this Christmas. As special sales offers drove sales for some supermarkets, and the discounters Aldi and Lidl seeing […]

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Premier Oil released a trading update on Thursday ahead of its 2018 Full Year Results. The UK oil company said that it has reduced its debt to $2.3 billion at the end of 2018. This figure is below its previous $2.4 billion guidance. The estimated net debt figure of $2.3 billion is a $390 million […]

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DFS furniture announced on Thursday that it will keep its full-year profit outlook unchanged. Additionally, the company has also announced that its CFO Nicola Bancroft will retire. For the five months to 30 December 2018, DFS has had a good underlying sales growth of 10%, despite the “challenging consumer environment“. Additionally, it saw a like-for-like […]

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Greene King has announced on Tuesday that it remains confident in its 2019 outlook. Indeed, the company continues to trade ahead of market expectations following the Christmas festivities. For the 36 weeks to 06 January, like-for-like sales were up 3.2% following strong trading over the Christmas period. Like-for-like sales in the last two weeks alone, […]

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Premium British lifestyle brand, Joules, has announced a strong trading performance of its retail business over the Christmas period. The fashion retailer expects to maintain its profit outlook following the festivities. Retail sales increased by 11.7% compared to the prior year. According to Joules, this performance “reflected growth across all of the brand’s product categories.” […]

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Footasylum has warned on Tuesday that it expects its adjusted earnings to lean towards the “lower end of the current range of analyst forecasts”. Shares in the company have slid by over 13% this morning following the announcement. The footwear retailer has said that it expects to reveal an adjusted EBITDA for 2019 that lean […]

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Morrisons has announced on Tuesday that its total Christmas sales (excluding fuel) were up 4%. Indeed, for the Christmas period – the nine weeks to 6 January – the group saw a positive growth in sales. Despite this, shares in the company have dropped slightly during early trading. Additionally, group like-for-like sales (excluding fuel) were […]

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Jadestone Energy (LON:JSE) has announced the completion of works required to resume production from the Montara oil field. This restart follows an extensive maintenance and inspection shut down. Shares in the company have increased by a slight 3.24% following the announcement of completion. The decision to halt production at the Montara oil field was made […]

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