News That Matters

Tag: Poor

Poor clothing sales see M&S’s profits slide

Poor clothing sales see M&S’s profits slide

Business
Marks and Spencer profits dropped in the first half of its financial year following a sharp fall in demand for its clothes and home goods.The High Street retailer said that while its food business was "outperforming the market", there had been issues in clothing and home.Marks and Spencer is undergoing a transformation plan led by chief executive Steve Rowe.He said after a "challenging" first half, it is now seeing improvements.Overall, pre-tax profits tumbled by 17% to £176.5m on total sales down 2.1% to £4.86bn.Like-for-like sales in clothing and home fell by 5.5% during the six months to 30 September, worse than an expected 4.3% drop.Despite that, in early morning FTSE 250 trading the company's shares were up 6.3% at 193.94 pence. M&S said there ha
Outlook for Great Barrier Reef is now ‘very poor’

Outlook for Great Barrier Reef is now ‘very poor’

Science
Aug. 30 (UPI) -- In a report issued Friday, the Great Barrier Reef Marine Park Authority downgraded the outlook for Australia's Great Barrier Reef from "poor" to "very poor." Every five years, the Great Barrier Reef Marine Park Authority issues a report detailing the Great Barrier Reef's health, major threats and future. Climate change remains the park's gravest threat, which has caused water temperatures to rise, acidity levels to increase and exacerbated the effects of marine heat waves, triggering record-breaking coral bleaching events in recent years. Other threats include coastal development, land-based run-off and direct human use like illegal fishing. The compilation of threats are taking a toll on the health of the reef. "Anyone following the state of the Great Barrier Reef over...
Great Barrier Reef outlook very poor, Australia says

Great Barrier Reef outlook very poor, Australia says

Science
The Great Barrier Reef's outlook has been officially downgraded from poor to very poor due to climate change.Rising sea temperatures thanks to human-driven global warming remain the biggest threat to the reef, a five-year Australian government report says.Actions to save it "have never been more time critical", the report reads. Stretching over 2,300km (1,400 miles), the reef was designated a World Heritage site in 1981 for its "enormous scientific and intrinsic importance".But in recent years the reef has been increasingly damaged by warmer seas which have killed off coral and affected its long-term health. Unesco's World Heritage Committee is due to consider adding the reef to its list of sites that are "in danger".The massive ...