October 2024
Lorenzo: “Aggressive” Marquez now has more respect for rivals on track
Former MotoGP star Jorge Lorenzo believes Marc Marquez now displays more respect towards rivals while battling with them on track, having initially found his antics to be “very aggressive”.Lorenzo was one of Marquez’s main rivals during his golden period in the 2010s, with the pair even becoming team-mates at Honda in the former’s final season…
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
Rachel Reeves is looking to make up to £40 billion of tax rises and spending cuts in this month’s Budget as the Government seeks to avoid a return to austerity, it is understood. The Chancellor told ministers in a Cabinet meeting that plans to fill the “£22 billion black hole” she has repeatedly cited in…
UK inflation falls below 2% target for first time in three years
Inflation dropped below the Bank of England target rate last month for the first time since April 2021, according to new figures. The Office for National Statistics said Consumer Prices Index (CPI) inflation fell to 1.7% in September, from 2.2% in August. Inflation was lower than expected, with analysts having predicted a reading of 1.9%…
Adidas lifts full-year guidance as Q3 sales rise
Adidas has raised its full-year guidance after reporting a “better-than-expected” third quarter, with sales up 7% to £5.39 billion (€6.44 billion). It comes as the sportswear giant continues to drive newness across its popular Samba, Gazelle and Spezial footwear lines. The company’s operating profit increased to £500 million (€598 million), including a £41.8 million (€50…
‘Changing retail environment’ leaves Fenwick in the red
Fenwick has published its financial statement for the 52 weeks ending 26 January 2024. The retailer blamed the “cost-of-living crisis and a changing retail environment” for its pre-tax loss of £28.4 million. The year prior, Fenwick’s pre-tax profit sat a £57.1 million, thanks to the sale of its iconic New Bond Street store for £430…