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Victoria Beckham Beauty – the cosmetics arm of the fashion designer’s brand – has launched with ‘incredible’ success, in the face of the COVID-19 pandemic. Victoria, 46, started trading Victoria Beckham Beauty in October 2019, releasing a new product every month, featuring the likes of lipstick, mascara and serum. And within the last quarter of that … Read more
Audioboom enjoys bumper revenue growth as the number of locked-down podcaster listeners swells Revenue rose to £19.7m in the past year, which is up around a fifth from 2019 Advertiser numbers up and group managed to narrow its losses By Jane Denton For Thisismoney Published: 17:01 GMT, 20 January 2021 | Updated: 17:01 GMT, 20 … Read more
Good times: Watches of Switzerland vows to pay back furlough money after online sales spike boosts its fortunes The firm is Britain’s biggest retailer of Rolex, TAG Heuer and Breitling watches Domestic e-commerce purchases doubled in the seven weeks to December 13 Tesco, Lidl, Asda, and Morrisons have also vowed to repay public Covid relief … Read more
Royal Mail shares hit highest level in almost two years as it reveals online boom could deliver £580m in extra revenue The firm is making more money from parcels than letters for the first time The boom in demand is expected to result in its busiest ever Christmas Bosses predict it could add between £380m … Read more
Fraudster, 27, who cost TfL £1million in lost revenue after selling counterfeit child Oyster cards to over 18s is jailed for nearly three years Shaquille Moore, 27, from Anerley, London, sold counterfeit Oyster photocards The illicit service allowed anyone over the age of 18 to obtain a 16+ Zip Oyster Moore pleaded guilty to fraud … Read more
The Gym Group saw revenues cut by half and swung to a loss in the past six months after it closed branches during the coronavirus lockdown. The company, which operates 183 gyms across the UK, said it made ‘virtually no revenue’ after shutting sites at the end of March. Revenues fell by 49.6 per cent … Read more
BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide By This Is Money Published: 08:04 BST, 3 August 2020 | Updated: 08:09 BST, 3 August 2020 HSBC has reported a 65 per cent drop in pre-tax profit in the first half of the year as the UK’s largest bank was … Read more
Facebook and Apple have both posted quarterly revenue growth of 11 percent, blowing past analyst expectations and shrugging off the pandemic to prosper. On Thursday, both tech giants reported results for recently ended quarter, with Facebook saying it made a profit of $5.2 billion on $18.7 billion in revenue, as the number of people using the … Read more
Sky suffer a £575MILLION drop in revenue as TV subscribers switch off with the suspension of Premier League football and a lack of sport to blame during the coronavirus pandemic Sky have reported a £575million fall in revenue amid the coronavirus crisis The broadcaster lost 5 per cent of its sports subscribers during the lockdown … Read more
Pubs, restaurants and hair salons are warned not to hike prices to make up for lost revenue under social-distancing rules when they reopen on July 4 Businesses fear fewer people being allowed inside will have a financial impact A quarter of restaurants intend to increase prices upon reopening, says a poll Ministers insist businesses have … Read more