FCA probe finds no dirt on Accrol
The Financial Conduct Authority has been looking at statements made by the company to the market since it floated on AIM
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The Financial Conduct Authority has been looking at statements made by the company to the market since it floated on AIM
“What’s most striking about Primark is it’s essentially an old school retailer”, though some analysts raised the issue of sustainability as becoming a threat to some retailers
For the seven weeks from 24 November to 4 January, group revenue fell 9.3% and overall online sales dropped 14.8%
New chief executive Ludwig de Mot has kicked off a review of the group’s strategy and operations
Full-year underlying profit before tax is now expected to come in at £16.7mln, which is “significantly” below market expectations
The 11 months to December saw like-for-like (LFL) sales declining 0.6% year-on-year, while the website grew 15% pushing total revenue up 3.6%
Skinny Tan is once again proving a mainstay of the group's product portfolio
Consumer-only revenue was up 20% to £64.5mln, with underlying profit a positive £3.2mln to reverse the £1.1mln loss a year ago
Natura agreed to buy Avon in May 2019 through a share swap that valued the over 130-year old company's equity at around $2 billion
The US Food and Drug Administration is tightening regulations around vaping to make it less appealing to kids
At the close, the UK benchmark was 8.65 points higher at 7,632.24, just off the late peak of 7,636.16, and well above the opening low of 7,608.22
The firm now expects to report adjusted profit before tax of between £5.1mln to £5.5mln, while in August it was estimated to be in the range of £6mln to £7mln
"Much of the product purchases that were expected in Q4 2019 have been deferred to Q1 2020 so this is largely a timing issue where contracts land," said broker, Hybridan
Liberum has run a screen to find its "attractive laggards"
Full-year like-for-like revenue and adjusted profit before tax are expected to be “modestly below” last year due to “challenging” market conditions
The performance was largely driven by its direct to consumer platform with online store sessions increasing by 43% compared to the previous year
The clothing retailer presented two sets of results: the effective first half of the financial year and a comparative period to last year so to include Black Friday
The retailer said sales suffered as the UK retail sector “has remained under pressure during the period impacted by macro-economic uncertainty”
The promotion for easyJet will mark a return to form following its exit from the top table in June, while Hiscox has seen its share price hammered as natural disasters bite into its profits
The big tobacco company's full-year guidance is for revenue growth at the upper half of its 3-5% long term guidance range