Image copyright Getty Images Image caption Cryptocurrencies’ trading prices have been extremely volatile Investors influenced by friends and social media celebrities are buying Bitcoin and other cryptoassets in an attempt to “get rich quick”. But many are putting in their money, with no protection against losses, without fully understanding what they are doing. The findings …
John Lewis chairman Sir Charlie Mayfield says trading conditions on the High Street are “really tough”. Source by [author_name]
Image copyright LKBENNETT High-end fashion chain LK Bennett has called in administrators. The business, which has 41 shops and 480 staff in the UK, had signalled it was in difficulties last week after lining up EY as administrator if could not find fresh financing. Earlier today its website had put up a notice indicating it …
Image copyright AFP Interest rates in the eurozone will not rise until next year at the earliest, the European Central Bank has signalled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also said it would start offering cheap loans to banks in September to help them roll over …
Image copyright Getty Images The John Lewis Partnership has announced a 45% drop in annual profit for 2018 and said its workers, who also own the firm, will only get a 3% bonus, down from 5% a year earlier. Its poor results come at a time of hardship for High Street stores in general and …
Image copyright Reuters The UK’s largest estate agent group, Countrywide, has reported widening losses and says the uncertainty surrounding Brexit is hitting business. Losses last year were £218m, compared with a £207m deficit in 2017. It said Brexit uncertainties were “affecting both our sector and consumer confidence as a whole”, and earnings would be hit …
Image copyright Graze Snack company Graze has recalled a product it labelled as suitable for vegans that actually contained milk. The Food Standards Agency said the Sea Salt and Vinegar Veg Crunchers also posed a “health risk for anyone with an allergy or intolerance to milk”. The affected batches have best before dates of 20 …
Image copyright PA John Lewis has paid out its lowest bonus to staff since the 1950s as profits plunged last year amid “challenging” trading. The retail partnership – which includes Waitrose supermarkets – said staff would receive a 3% bonus, the lowest since 1954 when workers received 4%. Profits at the partnership sank last year …
Image copyright Quiz Women’s fashion retailer Quiz has issued its third profit warning in five months after seeing a “significant shortfall” in sales. The firm, which has 250 UK stores and concessions, is having to sell off stock more cheaply than it expected. Tarak Ramzan, chief executive, said “all aspects of the business” were being …