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Superdry warns profits could be wiped out after poor Christmas

Superdry warns profits could be wiped out after poor Christmas

Business
Superdry has warned its profits could be wiped out after weaker than expected sales during the peak Christmas period.The struggling fashion retailer saw its revenue fall sharply by 16% in the 10 weeks to 4 January, blaming poor trading on old stock left over by the former management team. It also experienced shortages of some of the better-selling ranges.As a result, the firm has downgraded its pre-tax profit from £20m to between zero and £10m for the full financial year, ending in April.In a trading update the firm said: "Despite a strong Black Friday event, peak trading performance has been lower than expected as we continue our strategic transition to a full price stance. Advertisement "Over this period
Housework wiped out: Scientists invent the self-cleaning worktop

Housework wiped out: Scientists invent the self-cleaning worktop

Technology
The days of breaking a sweat scrubbing worktops until they are germ-free could soon be over. Scientists have developed a self-cleaning surface that can repel all forms of bacteria. It could also be essential to hospitals as it can also prevent the transfer of superbugs.The new plastic surface is a treated form of conventional transparent wrap which can be shrink-wrapped on door handles, railings, IV stands and other areas that can be magnets for bacteria such as MRSA and C. difficile.It is also ideal for food packaging, where it could stop the transfer of bacteria such as E. coli, salmonella and listeria, according to a study published in the journal ACS Nano. Advertisement The new surface works through a c...
Antarctica: Thousands of emperor penguin chicks wiped out

Antarctica: Thousands of emperor penguin chicks wiped out

Science
Thousands of emperor penguin chicks drowned when the sea-ice on which they were being raised was destroyed in severe weather.The catastrophe occurred in 2016 in Antarctica's Weddell Sea.Scientists say the colony at the edge of the Brunt Ice Shelf has collapsed with adult birds showing no sign of trying to re-establish the population. And it would probably be pointless for them to try as a giant iceberg is about to disrupt the site. The dramatic loss of the young emperor birds is reported by a team from the British Antarctic Survey (BAS). Drs Peter Fretwell and Phil Trathan noticed the disappearance of ...
Debenhams shareholders warned they could be wiped out

Debenhams shareholders warned they could be wiped out

Business
By John-Paul Ford Rojas, business reporter Shares in struggling department store Debenhams have plunged by more than 50% after it announced the next step in a refinancing plan which could see stock holders including Mike Ashley wiped out.Debenhams confirmed a report by Sky News that it is seeking a £200m funding lifeline from lenders as it tries to evade the clutches of Mr Ashley, its biggest shareholder. It is now formally asking investors who hold debt in the company for changes needed to secure the funding, allowing it "to pursue restructuring options to secure the future of the business".But it warned that "certain of these options - if they materialise - would result in no equity value for the company's current shareholders".That restructuring w...
Climate change also wiped out life on Earth 252 million years ago

Climate change also wiped out life on Earth 252 million years ago

Science
Dec. 13 (UPI) -- Some 252 million years ago, nearly all live on Earth vanished. The fossil record suggests some 96 percent of all marine life disappeared, and scientists suspect the magnitude of losses on land was similar. But until now, scientists weren't sure what exactly caused the massive Permian Period extinction, an event known as the Great Dying. Researchers knew a series of volcanic eruptions set off a devastating chain of events, including deadly and disruptive climatic and environmental changes, but scientists couldn't agree on a smoking gun. Was it the sudden rise in ocean acidity? Did sulphur and other toxic metals poison the seas? Or did sudden rises in ocean temperatures wipe out almost all marine life? New models designed by scientists at the University of Washington and S...