News

News

Brexit: no-deal could cost UK luxury sector £6.8 billion

Research commissioned by the UK’s luxur sector has revealed that it could lose up to £6.8 billion in exports a year in the event...

Superdry pleads shareholders vote against founders’ return

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...

Clarkson pre-tax profits drop amid geopolitical uncertainties and Brexit

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...

Debenhams attempts to snatch back control with £150 million loan

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...

Norwegian Air’s February capacity expansion falls short of expectations

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...

LK Bennett collapses putting 500 jobs at risk

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...

Vegan sausage roll boosts Greggs sales

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,...
ecb

ECB announces new loan stimulus as it cuts eurozone forecasts

The European Central Bank (ECB) has opted to keep interest rates on hold until 2020 after slashing its forecast for eurozone growth. The central bank...
Calvin Klein

Calvin Klein to end Ready-To-Wear collection

Calvin Klein has announced the end of its runway fashion collection, fresh on the heels of the departure creative director Raf Simmons late last...

Cobham resumes dividend but profits fall

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...