Red Sea

Pepco’s Sales Hurt By Supply Chain Disruption

Pepco Group has said its fourth-quarter underlying revenue was lower than the prior year, partly reflecting ongoing supply chain disruptions.

The Suez Canal’s annual revenue dropped by almost a quarter as ships diverted routes to avoid attacks in the Red Sea.

Pepco Group has reported a worse-than-expected 4.3% fall in third-quarter underlying revenue, due to supply chain issues in the Red Sea.

Pepco has reported a 28% rise in first-half core earnings, reflecting new store openings and an improved gross margin.

European discounter Pepco Group today reported a 2.5% fall in first-half same-store sales but said margins were recovering.

Irish manufacturing expanded at its fastest pace since mid-2022, a survey from the AIB S&P Global manufacturing Purchasing Managers’ Index (PMI)...

More than half (55%) of British exporters have felt an impact from disruption in the Red Sea, a survey has shown.

Attacks on merchant ships in the Red Sea have increased shipping costs but have not impacted inflation, Moody’s Investor Services have said.

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