Breadcrumb Trail Links Retail & Marketing News Economy Revenue down in third quarter Canada Goose Holdings Inc. sales were hit by COVID-19 disruptions in China. Photo by Galit Rodan/Bloomberg Article content Canada Goose Holdings Inc. reported a drop in third-quarter sales amid disruption from China lifting its zero-COVID-19 policy and a tougher macro environment in […]
Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine. The company reported adjusted earnings of $39.9bn (£32.2bn) for 2022, the highest in its 115-year history. Energy firms have been making record profits after oil and gas prices jumped following Russia’s invasion of Ukraine. […]
Senior retail figures have backed Sadiq Khan’s call to re-introduce VAT free shopping for tourists, claiming the move would make a “huge difference” to the sector. Kay Buxton, chief executive of Marble Arch London BID, said that the Chancellor Jeremy Hunt “missed a trick” at the last Budget by not reintroducing tax-free shopping and claimed […]
The private equity investor Greybull Capital is considering a bid for the collapsed battery startup Britishvolt, as administrators at EY try to push through a sale of the gigafactory project. The investment firm was approached by EY because of its history in investing in distressed industrial companies, according to a person with knowledge of the […]
British Steel, the Chinese-owned operator of the giant Scunthorpe steelworks, is planning to lay off 800 workers, about a quarter of the workforce. The news comes in the middle of negotiations between ministers and Jingye, the Chinese steel company that was gifted British Steel by the Official Receiver just before the economy locked down in […]
Meta Platforms, owner of Facebook and Instagram, reassured Wall Street that its sales were holding up better than feared last night after its profits more than halved in the past quarter. The world’s largest social media business said revenues may return to growth this quarter, allaying worries over its prospects as advertisers batten down the […]
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Quarter point hike lifts rate between 4.5% and 4.75% The U.S. Federal Reserve made its interest rate […]
Tech Nation, the government-backed agency that has helped 5,000 technology companies to develop and grow, is closing its doors at the end of March, saying that it cannot continue without government funding. Launched in 2011 by then prime minister David Cameron, Tech Nation said it had decided its operations were not viable without the core […]
The number of mortgages approved for house purchases fell at the end of last year to the lowest level since the financial crisis, outside of the pandemic, in early signs of a slowdown in the housing market that is expected to reduce prices. Mortgage approvals were down 23 per cent month-on-month to 35,600 in December […]
Barclays plans to launch a string of “banking pods” after recently announcing more branch closures. The bank said it will expand its “flexible banking formats” in response to changing customer needs. The plans include the launch of new banking pods, which will be purpose-built, semi-permanent structures in locations such as shopping centres and retail parks. […]