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Retail
Greggs Reports Record £2 Billion Sales in FY24 Despite High Street Challenges
January 09, 2025 08:27 AM GMT| By Team Kalkine MediaHighlights:,Greggs achieved record total sales of £2.01 billion in FY24, up 11.3% year-on-year.,A net increase of 145 shops brought the total to 2,618 outlets by December 2024.,Supply chain expansion, including projects in Derby and Kettering, is on...
B&M Reports Q3 FY25 Financial Results with Growth Across UK and France
January 09, 2025 08:24 AM GMT| By Team Kalkine MediaHighlights:,Revenue Growth:,Group Q3 revenue rose by 2.8% year-on-year, with positive LFL growth in December and strong momentum continuing into January.,Store Expansion:,On track to open 73 new stores in FY25 across the Group, including 45 in the UK...
Challenger Energy Group Sees Positive Growth and Strong Financials
January 06, 2025 10:50 AM GMT| By Team Kalkine MediaHeadlines,Challenger Energy Group shows positive performance.,Key financial metrics and ratios discussed.,The future outlook and developments for the company.,Challenger Energy Group's Positive Movement and Financial Metrics,Challenger Energy Group P...
Kingfisher Announces Appointment of Ian McLeod as Non-Executive Director and Departure of Catherine Bradley CBE
January 06, 2025 08:22 AM GMT| By Team Kalkine MediaHighlights,Ian McLeod Joins the Board:,Accomplished retail executive with over 40 years of global experience, Ian McLeod, will join Kingfisher’s Board as a Non-Executive Director on January 20, 2025.,Catherine Bradley Steps Down:,Catherine Bradley CB...
Rising Costs and Closures Accelerate Pub Decline Across England and Wales
December 30, 2024 11:13 AM GMT| By Team Kalkine MediaHighlights,412 pubs lost in 2024:,The highest number since the Covid-hit years, marking a sharp increase in closures.,Rising costs burden pub owners:,Increased National Insurance, minimum wage hikes, and reduced business rates relief are putting sign...
ECB Official Highlights Risks of US-China Trade War on European Economy
December 30, 2024 10:58 AM GMT| By Team Kalkine MediaHighlights,Deflation Risk in Europe:,A US-China trade war could lead to a flood of cheap Chinese goods in Europe, potentially triggering deflation.,Steel Market Example:,The Chinese steel industry already illustrates how oversupply can pressure price...
Momentum vs. Recovery: The Battle of British Brands IAG and Diageo Heading into 2025
December 27, 2024 10:26 AM GMT| By Team Kalkine MediaHighlights,IAG soars on transatlantic demand:,British Airways’ parent company enjoys momentum from robust pricing and operational improvements.,Diageo eyes recovery from US challenges:,Spirits giant faces headwinds but sees potential for a cyclical r...
UK Retailers Face Critical Financial Distress as Sector Challenges Mount
December 27, 2024 10:26 AM GMT| By Team Kalkine MediaHighlights,Retailers in critical distress surge:,Over 2,100 UK retailers classified as in critical financial distress, a 25% rise in three months.,General retailers hit hardest:,Operational costs and weak consumer spending are key pressures on the se...
Gelion PLC Highlights Progress in Battery Technology Development and Strategic Partnerships
December 27, 2024 10:26 AM GMT| By Team Kalkine MediaHighlights,Technological Advances in Lithium-Sulfur Batteries:,Achieved 402 Wh/kg energy density with GEN 3 Li-S technology, making it 60% lighter than lithium-ion batteries.,Strategic Partnerships and Expansion:,Strengthened partnerships with Glenco...
Electric Guitar PLC Transitions to AIM Cash Shell Following Subsidiary Liquidation
December 24, 2024 11:08 AM GMT| By Team Kalkine MediaHighlights:,3radical Limited Liquidation Finalized:,Subsidiary liquidation marks the cessation of trading activities for Electric Guitar PLC.,Transition to AIM Rule 15 Cash Shell:,The company has until June 2025 to complete a reverse takeover or re-a...
Second-Hand Shopping Surges: Vinted Reports Pre-Owned Goods Sales to Hit £2 Billion This Christmas
December 24, 2024 10:50 AM GMT| By Team Kalkine MediaHighlights:,£2 Billion in Sales:,Second-hand goods sales are projected to exceed £2 billion in the run-up to Christmas, reflecting a growing trend in pre-owned shopping.,10% of Christmas Shopping:,Pre-owned items are expected to make up 10% of all fe...
Cadbury Loses Royal Warrant After 169 Years as King Charles Updates List
December 23, 2024 10:07 AM GMT| By Team Kalkine MediaHighlights:,Cadbury Loses Historic Royal Warrant:,Cadbury, a royal staple since 1854, is among 100 brands losing their warrants under King Charles III.,Mondelez Criticized for Russian Presence:,Cadbury’s owner, Mondelez, has faced scrutiny for its op...
Boohoo Group Completes £49.5m Sale of London Office to Strengthen Balance Sheet
December 23, 2024 08:13 AM GMT| By Team Kalkine MediaHighlights,Sale Completed:,Boohoo sells its London office on Great Pulteney Street for £49.5 million.,Debt Reduction:,Proceeds will be used to fully repay the remaining term loan due in August 2025.,Strong Financial Position:,The company retains a £1...
Nestlé Expands Offerings with Protein Products Targeted at Weight-Loss Drug Users
December 18, 2024 04:17 PM GMT| By Team Kalkine MediaHighlights:,New Product Launch:,Nestlé unveils Boost Pre-meal, a protein shot designed to support users of weight-loss medications.,Focus on GLP-1 Market:,Nestlé introduces food and drink solutions catering to individuals using GLP-1 receptor agonist...
JD Wetherspoon Chief Criticizes Guinness Maker Diageo Amid Supply Shortage
December 18, 2024 04:17 PM GMT| By Team Kalkine MediaHighlights:,Guinness supply shortage has led to rationing in pubs across the UK, affecting consumer access to the iconic stout.,JD Wetherspoon’s chairman, Tim Martin, criticizes Diageo for failing to anticipate rising demand.,Diageo cites exceptional...
Marston’s Pub Group Increases Pint Prices to Offset National Insurance Hike
December 17, 2024 05:27 PM GMT| By Team Kalkine MediaHighlights:,Price Hike for Pints:,Marston’s introduces a 10p increase per pint to offset higher national insurance costs.,Rising Business Pressures:,The pub group cites escalating operational costs across the hospitality sector.,Shares Dip:,Marston’s...
Canal+ Shares Plunge 19% After London IPO Amid Market Volatility
December 16, 2024 03:36 PM GMT| By Team Kalkine MediaHighlights:,Canal+ Shares Tumble:,The French TV and film company’s shares dropped 19.2% on its first trading day in London.,Valuation Decline:,Initial trading saw the Paddington and Bridget Jones maker valued at £2.3 billion.,Market Sentiment Mixed:,...
Guinness Shortages Force UK Pubs to Ration Amid Festive Rush
December 16, 2024 03:36 PM GMT| By Team Kalkine MediaHighlights:,Pubs Face Guinness Shortages:,Panic buying and a surge in demand have led to rationing of Guinness in the UK, with some pubs running out of supply.,Demand Boosted by "Guinnfluencers":,The drink's popularity has spiked among women and youn...
Frasers Group Granted Approval for Controversial 3.3 Million Sq Ft HQ Despite Local Opposition
December 16, 2024 03:36 PM GMT| By Team Kalkine MediaHighlights:,Massive Development Approved:,Frasers Group secures planning permission for a 3.3 million sq ft headquarters near Rugby, including warehouses, offices, and leisure facilities.,Green Belt Controversy:,The project faced opposition for causi...
Portmeirion Faces Challenging Year Amid Weak Sales and Supply Chain Disruptions
December 13, 2024 10:48 AM GMT| By Team Kalkine MediaHighlights:,Annual revenues are projected at £90 million, impacted by supply chain issues and reduced demand in key markets.,Sales in the US and South Korea fell by 6% and 13%, respectively, affecting overall performance.,Cost reduction measures and...
