Category: UK Market News

Instantly update and podcast United Kingdom Market News and Analysis from varies financial media. NonSell.com summarize all United Kingdom market news and provide a sitemap with financial news summary & link to latest United Kingdom Market News for the one who wanted to catch up United Kingdom Market change in timely manner.

Unilever to tackle advertising stereotypes in diversity drive

Unilever has said it will tackle advertising stereotypes and work with more businesses run by women and other under-represented groups as part of a wider inclusivity drive.The FTSE 100 company, which is behind household names such as Dove soap, Ben & Jerry’s ice-cream and Marmite, said it planned to use the might of its brands, coupled with its advertising spending power as one of the world’s biggest to...

ALEX BRUMMER :The future inflation threat

There is so much we do not know about the long-term economic impact of the pandemic. But one common theme for Britain, and for newly-installed President Joe Biden and his team in the US, is that the tolerance of fiscal promiscuity and monetary looseness has changed dramatically.As the Biden team pushes hard for his first major intervention – an extra £1.4trillion of Covid-19 help for households, business and vaccinations...

Smash hit shows drive Netflix to more than 200m subscribers

Shares in Netflix hit record highs after the streaming giant passed 200m subscribers and revealed it no longer needs debt to fund shows.The US tech firm, which makes The Crown and Bridgerton, amassed 203.7m paying customers by the end of 2020.That was up from 167.1m at the start of the year, after lockdowns fuelled demand for home entertainment. Netflix, which makes shows such as The Crown and Bridgerton (pictured),...

M&S seals deals with four womenswear brands to lift online sales

The shake-up at Marks & Spencer continues after the retailer struck deals with four womenswear brands to give its sales a kick.M&S will sell popular brands Joules, Phase Eight, Hobbs and Seasalt online and in shops when they reopen after lockdown.Clothes sales were poor over the festive period but it has moved fast to make its range more appealing and has bought Jaeger for £5million from administration. M&S...

MARKET REPORT: Remote learning helps Pearson chalk up growth 

Shares in Pearson leapt almost 9 per cent as the education publisher returned to growth even as it battled exam cancellations and school closures.It said total sales had increased by 4 per cent in the final three months of 2020, its first positive figure of the year after three quarters of decline. The rise included a 30 per cent boost to online learning sales, a division that has seen demand turbocharged...

Private equity asset strippers must save Debenhams pensioners

Multi-millionaire private equity tycoons who masterminded a takeover which left Debenhams loaded with £1.2billion of debt are facing calls to bail out its stricken pensioners.The 243-year-old department store firm collapsed after a loss of £491.5million in 2018, buckling under the impact of online competition and a failure to invest in stores and products.Although the three-year period of private equity ownership ended 15 years ago, its legacy included hundreds...

Burberry blasts decision to end of duty free shopping for tourists

Fashion giant Burberry has told the Government that the decision to scrap duty-free shopping for tourists could cost the company hundreds of millions of pounds.Chancellor of the Exchequer Rishi Sunak ended VAT refunds for international visitors to UK shops on January 1, in a move that caused outrage among retailers.Posting a 9 per cent fall in store sales in the 13 weeks to Boxing Day, Burberry warned business...

Strong gains for sterling against the Dollar and the euro

Sterling made strong gains against the dollar and the euro as rising inflation dampened expectations of further cuts to UK interest rates.The pound touched $1.3720 against the greenback, its highest level since May 2018, and €1.1314 against the single currency, a rate last seen in May 2020.The latest rally came after the Office for National Statistics said inflation jumped from 0.3 per cent in November to 0.6 per...

Chinese tycoon Jack Ma makes first appearance in three months

Chinese tycoon Jack Ma has made his first public appearance in three months – sending shares in his company Alibaba soaring amid relief he is still 'alive and kicking'.The 56-year-old, who was previously China's richest person, disappeared from public view in October after criticising regulators' approach towards financial technology firms.But he resurfaced yesterday in a video to thank teachers for their work and praise rural education.  'Alive and...

Bank of England ramps up stress tests for UK lenders

The Bank of England has set out a worst-case scenario for the economy which it will test British lenders against.The central bank has tweaked this year’s stress tests, designed to ensure banks can withstand an economic shock, to reflect the harm which the pandemic has already caused.In the worst-case scenario, unemployment will peak just below 12 per cent and house prices fall 33 per cent between the end...

Investor pay revolt blocks hike for boss of WH Smith Carl Cowling

WH Smith has suffered an investor revolt as a third of shareholders refused to approve its directors' pay.The stationery chain said it understood shareholders were unhappy with a pay rise for chief executive Carl Cowling, who took on the role in 2019.When he joined the board, Cowling was handed a base salary of £400,000. His predecessor, Stephen Clarke, was on £585,000 when he left. Pay row: WH Smith...
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


Categories

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close