Money, investing, mutuals etc
-
Boro Boy
- Posts: 5048
- Joined: Mon Sep 15 2014 6:05pm
- Location: London
- Has thanked: 982 times
- Been thanked: 2013 times
Post
by Boro Boy » Fri Aug 23 2019 1:31pm
I now hear Eddie Stobart have problems, this however is noted as accounting inaccuracies and has lead to their shares being currently suspended...!!!
-
Chadwick
- Posts: 2436
- Joined: Mon Jul 05 2010 4:21pm
- Has thanked: 1235 times
- Been thanked: 2588 times
-
Contact:
Post
by Chadwick » Fri Aug 23 2019 2:14pm
Boro Boy wrote: ↑Fri Aug 23 2019 1:31pm
I now hear
Eddie Stobart have problems, this however is noted as accounting inaccuracies and has lead to their shares being currently suspended...!!!
Yes, it's dodgy accounting (not necessarily illegal, but not completely right). Incoming CFO picked it up a few months ago.
Not a result of high street suffering.
-
Richard Frost
- Posts: 13253
- Joined: Tue Jun 29 2010 8:14pm
- Location: The Isle of Dreams
- Has thanked: 2876 times
- Been thanked: 6869 times
Post
by Richard Frost » Sat Aug 24 2019 2:48pm
https://www.bbc.co.uk/news/business-49349703 An interesting article.
I really do fail to see why people continue to call this a crisis (Perhaps because its words like that, that create headlines.) The High Street like every other part of society is evolving and will continue to do so. Gone are the days when we had family businesses that needed to make enough to look after their family on. Nowadays we have big corporates that need to make enough to satisfy CEO's on exorbitant salaries and shareholders that demand bigger profits year on year.
-
pakefield
- Posts: 546
- Joined: Sat Jan 03 2015 6:35pm
- Has thanked: 1035 times
- Been thanked: 218 times
-
Contact:
Post
by pakefield » Sat Aug 24 2019 3:34pm
And high business rates plus often high rents that were agreed to when there was less online and more instore shopping
-
pabenny
- Posts: 2739
- Joined: Tue Jun 29 2010 5:21pm
- Has thanked: 710 times
- Been thanked: 2192 times
-
Contact:
Post
by pabenny » Sat Aug 24 2019 3:54pm
William Joseph1 wrote: ↑Sat Aug 24 2019 2:48pm
Nowadays we have big corporates [with] shareholders that demand bigger profits year on year.
And those shareholders are the likes of you and me, through our private or company pensions.
-
Richard Frost
- Posts: 13253
- Joined: Tue Jun 29 2010 8:14pm
- Location: The Isle of Dreams
- Has thanked: 2876 times
- Been thanked: 6869 times
Post
by Richard Frost » Sat Aug 24 2019 4:13pm
pabenny wrote: ↑Sat Aug 24 2019 3:54pm
William Joseph1 wrote: ↑Sat Aug 24 2019 2:48pm
Nowadays we have big corporates [with] shareholders that demand bigger profits year on year.
And those shareholders are the likes of you and me, through our private or company pensions.
I do not disagree and make no comment on whether it is right or wrong. But the fact remains that they are there and demand better and bigger profits/performance year on year. Whereas historically the High Street was run
mainly by family businesses that did not have that type of overhead.
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Sat Aug 24 2019 5:33pm
William Joseph1 wrote: ↑Sat Aug 24 2019 4:13pm
pabenny wrote: ↑Sat Aug 24 2019 3:54pm
William Joseph1 wrote: ↑Sat Aug 24 2019 2:48pm
Nowadays we have big corporates [with] shareholders that demand bigger profits year on year.
And those shareholders are the likes of you and me, through our private or company pensions.
I do not disagree and make no comment on whether it is right or wrong. But the fact remains that they are there and demand better and bigger profits/performance year on year. Whereas historically the High Street was run
mainly by family businesses that did not have that type of overhead.
The world has changed in favour of big business.
[imutual Cashback Investment Club]
-
Constantine
- Posts: 669
- Joined: Fri Jul 02 2010 1:04pm
- Has thanked: 41 times
- Been thanked: 363 times
-
Contact:
Post
by Constantine » Sat Aug 24 2019 6:44pm
William Joseph1 wrote: ↑Sat Aug 24 2019 4:13pm
..... Whereas historically the High Street was run
mainly by family businesses...
When exactly?
Today's high street is clearly not run by family businesses. I can't recall a time when it was mainly run by family businesses. WH Smith's dates back to 1848, John Lewis dates back to 1864. I suspect chain stores of various kinds dominated the high street by the 1930s.
Besides all big businesses started off as small family businesses, and got to be big by being good at what they do. I'd have thought that was a good thing.
William Joseph1 wrote: ↑Sat Aug 24 2019 4:13pm
that did not have that type of overhead.
What type of overhead?
-
Constantine
- Posts: 669
- Joined: Fri Jul 02 2010 1:04pm
- Has thanked: 41 times
- Been thanked: 363 times
-
Contact:
Post
by Constantine » Sat Aug 24 2019 6:57pm
AAAlphaThunder wrote: ↑Sat Aug 24 2019 5:33pm
....
The world has changed in favour of big business.
Technology has changed the retail landscape.
To become even a national b&m retailer it takes years of patiently building up your store portfolio. Online all you need is a website and a distribution centre. And like Amazon, you can go global with just a few websites.
But obviously, some previously big retailers have died as a result. Whilst some small retailers have prospered.
Users browsing this forum: Google [Bot] and 61 guests