All the updated news related to supply chains

All the news related to supply chains updated in real time

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City

AO World slides to loss over higher labour costs

Online electricals retailer AO World has tumbled to an annual loss after being hit by rising costs and declining sales. The white goods firm posted a £37 million pre-tax loss for the year to March 31, falling from a £20 million profit in the ...

18 Aug 2022 at 09:01

City

Aston Martin sees sales lift but supply chain disruption cost millions

High demand for cars lifted sales for Aston Martin, but persistent supply chain disruption has cost the carmaker millions. The luxury carmaker said its revenue was £541.7 million in the six months to 30 June, up 9% from the same period last ...

29 Jul 2022 at 09:49

City

Rolls takes ‘necessary action’ to offset inflation and supply chain woes

Engine maker Rolls-Royce has said pressures from soaring inflation amid the Ukraine war and supply chain woes are set to continue throughout next year, but said profitability should improve over the final months of 2022. The group saw ...

04 Aug 2022 at 12:56

City

Direct Line to increase insurance premiums after profits halve

Direct Line has seen profits almost halve and warned that insurance premiums will be increased to match the soaring cost of claims. The insurer said supply chain disruption and unusually high used car prices have pushed up claims ...

02 Aug 2022 at 16:12

City

Mike Ashley’s Frasers Group delivers profit surge but warns over cost of living

Sports Direct’s parent firm, Frasers Group, has swung to a bumper profit for the past year and expects this to surge further, despite warning over the cost of living and supply chain pressures. The Mike Ashley-founded business ...

21 Jul 2022 at 09:00

Personal Finance

New detached home registrations at 20-year high, says NHBC

The number of new detached homes being registered increased to the highest level in nearly 20 years in the first quarter of this year, according to an industry body. Some 16,090 registrations for detached homes were recorded ...

18 May 2022 at 16:25

City

Wetherspoons sees ‘more normal’ trade but cost pressures grow

Pub giant JD Wetherspoon said it has seen a “return to more normal trading patterns in recent weeks” following the end of pandemic restrictions. The group said sales over the past three weeks have been marginally below ...

18 Mar 2022 at 09:25

Scotland

Scottish retail sales remain at pre-pandemic levels

Shop sales remained at pre-pandemic levels last month as retailers continue to face “no shortage of storm clouds”, according to a new report. While food and drink continued to perform well, fashion and footwear trade ...

16 Mar 2022 at 01:25

City

Fever-Tree warns over hit to 2022 as costs soar amid Ukraine conflict

Drinks mixer firm Fever-Tree warned over 2022 earnings as it said the Ukraine conflict has “dramatically” pushed up commodity costs in recent weeks. The group said it now expects underlying earnings of between £63 ...

16 Mar 2022 at 09:25

City

DFS sees profits knocked after £21m supply chain hit

Sofa chain DFS posted a drop in half-year sales and profits as it revealed a hit of around £21 million from supply chain difficulties and warned of ongoing disruption. The retailer reported pre-tax profits ...

15 Mar 2022 at 10:25

Northern Ireland

Rising cost of fuel ‘putting strain’ on haulage industry

The rise in fuel prices is putting a real strain on the freight and haulage industries, a Stormont committee has been told. Seamus Leheny, from Logistics UK, told the Infrastructure Committee there is no ...

09 Mar 2022 at 13:25

City

UK firms overhaul supply chains after Brexit and pandemic cause havoc – ONS

Nearly a third of firms across Britain’s manufacturing, wholesale and retail trade sectors have suffered supply chain problems as the pandemic and Brexit wrought havoc, according to new figures. The ...

08 Mar 2022 at 12:55

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