Covid drives £30m loss at William Hill betting shops January 13, 2021 William Hill suffered a £30m loss in its retail business in 2020, with all 1,414 of its shops affected by coronavirus restrictions. When open and trading without restrictions the retail side of the betting business traded well, and at the end of the third quarter it was on course to break even for the year. [...]
Dividend payout at Winkworth suffers as business prepares for profit fall January 13, 2021 Winkworth profits are expected to fall for 2020, with market upheaval cited as the primary reason for the loss. In a market update this morning the estate agent said revenues for 2020 were relatively flat on 2019, and profit was likely to fall by 15 per cent. As a result of the loss the total [...]
Christmas sales hike drives strong revenue growth at Asos January 13, 2021 Sales at fashion retailer Asos surged in the four months ending in December as the online shopping boom continued amid the coronavirus pandemic. The firm said that the hike in sales had led to a better-than-expected growth in revenue over the period leading up to Christmas. As a result of the strong start to the [...]
Just Eat splurges £5m on Snoop Dogg as Covid delivers results January 13, 2021 Orders to Just Eat grew by 58 per cent in Q4 2020, marking the third consecutive quarter of order growth acceleration. Delivery orders in the UK grew by a whopping 387% in the fourth quarter of 2020 compared with the same period in 2019, as the UK again entered a national lockdown and coronavirus restrictions [...]
UK logistics sector take-up soars to record level as retailers scramble to boost delivery capacity January 12, 2021 Take up of UK logistics space soared to record-breaking levels last year as retailers sought to keep up with the surge in demand for online shopping during the coronavirus pandemic. According to the latest analysis, the total take up of logistics space jumped 69 per cent year-on-year to 42.87m sq ft. The increase was driven [...]
January 12, 2021 Sheldon Adelson, who founded and ran Las Vegas Sands, the world’s largest gambling companyn since 1988 has died aged 87.
John Lewis suspends click and collect service to discourage non-essential travel January 12, 2021 John Lewis has suspended its click and collect service in a bid to prevent unnecessary travel during the coronavirus lockdown. The department store chain said this afternoon that the service will not accept any new orders from the end of the day. It said it is “conscious of the increased need to remove reasons for [...]
UK supermarkets bring in security to enforce mask wearing as Covid cases rise January 12, 2021 Supermarkets are ramping up Covid safety measures, with many of the major UK grocers planning to make masks mandatory and to only allow one person per household in store. Tesco, Waitrose and Asda have joined Sainsbury’s and Morrisons in announcing that customers without masks will be turned away, unless they are exempt for medical reasons. [...]
Retail tycoon Philip Day secures deal to save Edinburgh Woollen Mill’s future January 12, 2021 Billionaire businessman Philip Day has reportedly secured a deal with overseas investors to rescue retailers Edinburgh Woollen Mill, Ponden Home and Bonmarche, in a move that could save around 2,500 jobs. Day is expected to use his secured creditor status to acquire the brands’ assets from administrators to then sell them on to Middle Eastern [...]
Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office January 12, 2021 Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office
