Aslef drivers have embarked on a three-day strike over pay and conditionsMilo Bussell, associate analyst for consumer and media at Edison Group, said:Moving forward, it will be interesting to see how consumer demand evolves in the coming year. Management noted improving momentum in sales… Having opened its new US distribution centre to target a key market and completed its automation project in Sheffield, the company believes it is well-positioned having invested for sustainable and profitable growth.With greater cost savings and lower capital expenditure having completed these two projects, management is confident in achieving its medium-term Ebitda margin target of 6%-8% and expects to be free cash flow positive in 2024/25.Boohoo’s full-year results were a painful read for investors. Revenue declined at high double-digit rates across all regions, including an 18% in the US, which is seen as the group’s pathway to major growth.For now, it remains a struggling company with a tarnished reputation, reflected in the group’s valuation, which has come down significantly over the last few years. Continue reading…
Source link : https://www.theguardian.com/business/live/2024/may/08/trains-strikes-halt-most-services-west-england-midlands-routes-scotland-wales-business-live
Author : Julia Kollewe
Publish date : 2024-05-08 09:34:43
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