Stockwatch: When you should buy Amazon and Microsoft May 9, 2019 | City Talk By Edmond Jackson from interactive investor. We've studied the charts, now our companies analyst runs through the fundamentals and gives his view. At a time of questions over durability of growth in US GDP and corporate profits, results in respect of Q1 2019 from Amazon.com Inc (NASDAQ:AMZN)and Microsoft (NASDAQ:MSFT) have beaten expectations. As a result, [...]
Arts and crafts store The Works plummets as profits take a hit in ‘successful’ year May 9, 2019 Investors were unimpressed with what The Works called a “successful” financial year, as shares plummeted by nearly a fifth as political uncertainty hit profits. Like-for-like sales growth has slowed in 2019, the company said, blaming “the widely reported economic and political uncertainty in the UK”. Read more: Growth slows at Morrisons amid political uncertainty Adjusted [...]
Debenhams to remain under control of investors after no appropriate buyer found May 9, 2019 Debenham’s will remain under the control of its investors after no alternative buyer was found for the struggling department store. The retailer entered a pre-pack administration in April and ownership was passed into the hands of its investors, however, administrators FTI consulting launched a marketing process to sell the company. Read more: Debenhams versus Mike [...]
Morrisons records 14th quarter of growth despite hit from political uncertainty May 9, 2019 Morrisons took a hit from British political uncertainty in the first quarter of the financial year, it revealed today, as its sales growth slowed to put it behind major rival Tesco. Excluding fuel, like-for-like sales grew 2.3 per cent in the quarter, Morrisons said, a slowdown from 3.6 per cent in the first three months of [...]
Superdry warns on profit as Dunkerton vows to ‘stabilise’ retailer May 9, 2019 Superdry warned investors today that full-year profit is likely to miss expectations, as founder Julian Dunkerton vowed to “stabilise” the situation at the struggling fashion brand. While global revenue grew 3.6 per cent year-on-year in the retailer’s fourth quarter, it warned that underlying profit before tax is “likely to be below the range of market expectations”. Read [...]
Ocado chips in to £7m round for UK robotics startup Karakuri May 9, 2019 Ocado has led a £7m seed round for UK robotics firm Karakuri, its first investment in a tech startup. Other backers in the round included Hoxton Ventures, Firstminute Capital and Taylor Brothers. The online supermarket chain will use Karakuri's technology to expand its grocery offering after a fire devastated one of its automated warehouses. It [...]
Joules lures in top Asda director as new chief executive May 8, 2019 Fashion group Joules has poached retail veteran Nick Jones to take over as chief executive, it announced this morning. A former top director at Marks & Spencer and Asda, Jones has spent 25 years working within the retail industry. Read more: Prime retail rents slip for embattled high street landlords After 15 years with M&S, latterly [...]
Glass half empty? Wetherspoon shares fall as sales slow and net debt creeps up May 8, 2019 Wetherspoon insisted it is on track to hit full-year targets today despite net debt creeping up and sales growth slowing after a wage hike hurting profits in the first half of its financial year. Read more: Wetherspoons profits slide as cost increases kick in The pub chain did not mention profits in today’s trading update, [...]
Carlsberg puts its hopes in hops – but will its new brew lift fortunes? May 8, 2019 Danish brewers Carlsberg sparked confusion after promoting a series of tweets ridiculing the taste of their own beer, likening it to bath water among other less than favourable comparisons. Yet this wasn’t some serious error from Carlsberg’s social media team, but the start of a carefully brewed marketing campaign, one amended with a tweaked version [...]
Hello Fresh reports soaring customer numbers in first quarter May 7, 2019 Meal delivery service Hello Fresh saw active customers jump 32.2 per cent, boosting revenue to more than €400m. Revenue was up 42.1 per cent from €295.6m in the first quarter of 2018 to 420.1 this year, while Ebitda fell 20.2 per cent to €21.7m. Read more: Hello Fresh revenues soar as it draws up recipe [...]
