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Evening Standard
Why THG’s Matt Moulding is wrong about the short-sellers
There is a long, ignoble and quite funny history to big company bosses moaning about short-selling.Back in 2006 Enron chairman Ken Lay blamed the collapse of the now notorious energy trader on those evil investors who dared to bet his shares would drop.In 2008 HBOS said the shorts were undermining the bank by claiming it …
Business
Business Live
Shoe Zone back in the black as digital sales shoot up
Shoe Zone achieved pre-tax profits of £9.5 million last year – turning around a loss of £14.6 million the year before. The discount footwear chain said it made gains by cutting costs and “non-essential” spending and investing in its digital operation during the full year to October 2. It said online sales jumped from £19.3 …
Business
Evening Standard
Heroic run for Games Workshop shares comes under fire
PROFITS are sliding at Games Workshop but the enthusiasm among devotees for its main product – Warhammer figurines – remains heroic.The miniature army action men who do battle with aliens and orcs in the future are in their 35th-year, about the same age as many of the fans.The shares have been on their own epic …
Business
Sky News
Warhammer owner Games Workshop reveals profits hit from surge in costs
The cost of hiring new staff, paying existing ones more, and investing in new facilities has led to a drop in profits at the games retailer and miniatures manufacturer Games Workshop.Pre-tax profits for the six months to the end of November fell by 4% to £88.2m, despite a 3% rise in sales to £191.5m. The …
Business
Business Live
Teesside tech firm Vianet secures ‘financially significant’ deal with coffee leaders Lavazza Professional
North East technology firm Vianet has announced a significant deal with global coffee business Lavazza Professional UK for its fast-growing Smart Machines division. The Stockton firm, which provides monitoring systems to vending machines, pubs and restaurants, said it has been awarded a three-year contract to provide contactless payment, telemetry, and data services across its unattended …
Business
Business Live
Consultation launched on Pennon’s £425m Bristol Water takeover
The competition watchdog has launched a consultation on plans submitted by South West utilities giant Pennon to address concerns about its £425m takeover of Bristol Water. The Competition and Markets Authority (CMA) said in December it would launch an in-depth investigation into the deal unless Pennon put forward suitable proposals showing how it would maintain …
Business
Business Live
SPONSORED: Pioneering local company united by double award win
One quick entry into the CambridgeshireLive Business Awards 2022 could kickstart a cycle of success for you and your business. Don’t just take our word for it, many local businesses have experienced it first hand. From free marketing and exposure raising your profile and reputation, to retaining and attracting new employees and clients to build …
Business
Business Live
Brims Construction starts work on £4.5m scheme to transform Northumberland town’s seafront
A contractor has started work on a £4.5m retail and leisure development which is set to transform Blyth seafront. Sunderland based building and civil engineering firm Brims Construction has been appointed to develop the 16,000 sqft centre at Blyth’s South Beach in a move that will create up to 100 jobs during the initial construction …
Business
Evening Standard
Why The Hut Group is wrong about the short-sellers
There is a long, ignoble and quite funny history to big company bosses moaning about short-selling.Back in 2006 Enron chairman Ken Lay blamed the collapse of the now notorious energy trader on those evil investors who dared to bet his shares would drop.In 2008 HBOS said the shorts were undermining the bank by claiming it …
Business
Sky News
Lidl claims to be fastest-growing bricks and mortar retailer after Xmas sales growth
Lidl has claimed to be the fastest-growing bricks and mortar retailer in the UK following bumper Christmas sales.The British arm of German discount supermarket chain said sales rose 2.6% in the four weeks ending 26 December. Like rival Aldi on Monday, it said it had benefited from shoppers switching from other grocers.However, also like Aldi, …
Business
Sky News
Heathrow demands all COVID testing is dropped after 600,000 passengers cancelled Christmas flights
Heathrow Airport has called for all coronavirus testing to be dropped for fully-vaccinated people while revealing that “at least” 600,000 passengers cancelled flights during the key holiday month of December.The UK’s largest airport said “swiftly imposed” action during the month to tackle the Omicron variant in the run-up to the festive season prompted uncertainty among …
Business
Sky News
Anger as energy company advises star jumps and cuddling a pet to keep warm this winter
One of Britain’s largest energy companies has had to apologise after it advised customers to do star jumps, cuddle pets and eat porridge to stay warm in a blog post.OVO Energy-owned SSE Energy Services said it was “embarrassed” by the blog, which was sent to customers “containing energy-saving tips”. The post has been removed by …

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