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Share Price Information for On The Beach (OTB)

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Share Price: 140.00
Bid: 139.80
Ask: 140.20
Change: 0.00 (0.00%)
Spread: 0.40 (0.286%)
Open: 140.20
High: 141.20
Low: 139.20
Prev. Close: 140.00
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Canada probing Walmart, Hugo Boss over allegations of forced labor in supply chains

Thu, 24th Aug 2023 19:21

OTTAWA, Aug 24 (Reuters) - Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart and Hugo Boss to probe allegations of Uyghur forced labor in the companies' supply chains and operations.

The Canadian Ombudsperson for Responsible Enterprise (CORE) said it had published an initial assessment report after complaints filed by a coalition of 28 civil society organizations in June 2022.

CORE will also investigate the Canadian unit of fashion firm Diesel, which is owned by Italy's OTB. It has already launched probes into Nike Canada, Dynasty Gold and Ralph Lauren.

"As mediation between the parties is not currently an option, we will be launching investigations into the allegations outlined in these reports," Sheri Meyerhoffer, CORE's Ombudsperson, said in a statement.

Walmart Canada said it did not tolerate forced labor of any kind in its supply chain.

"None of the entities in the complaint are in our active disclosed supply chain," it said in a statement. Hugo Boss and Diesel did not respond to requests for comment.

In March, a U.N. committee said it was concerned about China's treatment of its Muslim minority, including the use of forced labor against Uyghurs. China denies the allegations.

CORE was launched in 2019 to monitor and investigate human rights abuses, mainly by Canadian garment, mining and oil and gas companies operating abroad. (Reporting by David Ljunggren; editing by Jonathan Oatis)

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24 Aug 2023 16:57

Canada probing Walmart, Hugo Boss over allegations of forced labor in supply chains

OTTAWA, Aug 24 (Reuters) - Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart and Hugo Boss to probe allegations of Uyghur forced labor in the companies' supply chains and operations.

Read more
21 Aug 2023 09:41

Holiday companies urge UK PM to allow regulator to fine airlines

(Alliance News) - Travel companies and a consumer group are urging the UK prime minister to take "decisive action on behalf of British holidaymakers" by enabling the aviation regulator to fine airlines.

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14 Aug 2023 16:52

LONDON MARKET CLOSE: FTSE 100 lags peers as miners fall on China woe

(Alliance News) - Worries for China's property market soured the mood at the start of the week, with the FTSE 100 hit badly thanks to its natural resources sector, although peers in Europe and equities in New York fared better.

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14 Aug 2023 10:12

Director dealings: On the Beach, PayPoint non-execs make purchases

(Sharecast News) - On the Beach Group was among those reporting director buys on Monday, after its founder and non-executive director was linked to a purchase.

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14 Aug 2023 07:40

LONDON BRIEFING: Plus500 launches buyback; takeover offer for Glantus

(Alliance News) - Weak trading further afield is likely to translate into a lower open for London's equities on Monday.

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13 Aug 2023 09:29

On The Beach sees spike in Turkey, Egypt bookings on currency rates

(Alliance News) - UK holidaymakers are flocking to Turkey and Egypt to take advantage of favourable currency exchange rates, according to On The Beach Group PLC.

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9 Aug 2023 16:58

LONDON MARKET CLOSE: Stocks bounce back; eyes on US inflation figures

(Alliance News) - Stocks in London were largely higher at the close on Wednesday, as deflationary news from China failed to dent market mood despite pointing to further weakness from the world's second largest economy.

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9 Aug 2023 09:30

SMALL-CAP WINNERS & LOSERS: On The Beach rises amid gains in travel

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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4 Jul 2023 09:54

SMALL-CAP WINNERS & LOSERS: On The Beach rises amid higher air traffic

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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30 Jun 2023 20:15

TRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Friday and not separately reported by Alliance News:

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26 Jun 2023 12:58

Shore Capital starts On The Beach at 'buy'

(Sharecast News) - Shore Capital initiated coverage of On The Beach on Monday with a 'buy' rating, with a fair value of 170p and 75% upside potential.

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26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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17 May 2023 10:03

SMALL-CAP WINNERS & LOSERS: On The Beach extends Tuesday tumble

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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16 May 2023 16:58

LONDON MARKET CLOSE: China data hits stocks before more US debt talks

(Alliance News) - Stock prices in Europe closed lower on Tuesday, with underwhelming China data and little in the way of progress in US debt ceiling talks souring the mood.

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16 May 2023 12:30

IN BRIEF: On The Beach shares plunge as results miss expectations

On The Beach Group PLC - Manchester-based online retailer of beach holidays - Interim results fall short of market expectations, despite improving from the previous year. In the six months ended March 31, group revenue rises 38% year-on-year to GBP73.2 million from GBP52.9 million. The company says the increase in revenue is due to higher booking volumes and average booking values. Booked total transaction value rises 28% to GBP495.0 million. Less impressively, pretax loss narrows to GBP6.0 million from GBP7.0 million.

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