The Level
| Use attributes for filter ! | |
| First episode date | September 30, 2016 |
|---|---|
| Networks | ITV |
| Number of series | 1 |
| Directors | Mark Everest |
| Andy Goddard | |
| Oct 28, 2016 | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2046907 |
About The Level
Detective Sergeant Nancy Devlin struggles to hide her longstanding connection to a drugs trafficker when a clandestine meeting ends in murder.
Ukraine war: Soldier tells BBC of front-line 'hell'
... Ukraine s commander-in-chief Gen Valery Zaluzhny told the Economist magazine in November that, " just like the First World War we have reached The Level of technology that puts us into a stalemate...
'Labour won't turn on spending taps' says Starmer
... A senior source had suggested to the BBC that The Level of investment previously promised - of £28bn a year - might never be reached...
Dr Martens shares plunge after profit warning
... " But when the economic outlook is more uncertain, the company suffers from having its products priced slightly above The Level at which someone wouldn t think too hard about paying...
COP28: Can a climate summit in an oil state change anything?
... This has helped bring down The Level of warming the world can expect...
Israel-Lebanon border: The Irish troops watching Israel's hidden conflict
... " Back at the base, Unifil commander Lieutenant Colonel Cathal Keohane is concerned that The Level of violence in the area has been increasing...
Laura Kuenssberg: Questions politicians can't seem to answer on immigration
... Just wait until they look in the mirror and realise who came up with the new immigration system under which The Levels have risen so much (and witness the former prime minister, Boris Johnson, raging in his newspaper column at the folly of the system that he himself introduced)...
The hidden tax rise in the Autumn Statement
... Critics describe freezing tax bands - The Level at which a person starts paying different rates of tax on their earnings - as a " stealth tax" because the process happens gradually as a person starts earning a bit more...
Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
... But Mr Hunt s decision last year to freeze The Level of income at which workers start paying National Insurance means millions will be dragged into paying higher rates or be forced to pay the tax for the first time...
Dr Martens shares plunge after profit warning
By Michael RaceBusiness reporter, BBC News
Dr Martens has warned its earnings will fall below expectations after the bootmaker's business was hit by warmer autumn weather and weak US sales.
The famous brand, which first became popular in the 1960s, said its Trade In the US had become more challenging in recent months and that two of its major wholesalers had reduced orders.
Global profits for The Firm fell by 55% to £25. 8m in its half-year results.
The Profit warning saw shares plunge by almost 25% early on Thursday.
Chief executive Kenny Wilson said trading in the Second Half of the year had been " mixed" with sales across The World impacted by warmer weather at the start of autumn.
" In the USA, where there is an increasingly difficult consumer environment, our results have been more challenged, led by weakness in wholesale, " he added.
The Company said in its results that widespread caution among Dr Martens wholesale customers had resulted in a " weaker order book than in prior years" but added that Trade In recent weeks in Europe, the Middle East and Asia-Pacific had improved.
Driven by poor trade across The Atlantic , The Firm said it expected its full-year revenues to decline by a " high single-digit percentage".
In its latest results, The Company revealed US earnings were 31% lower in the six months to 30 September, compared with the same period Last Year .
Dr Martens makes More Than half of its revenues from its most recognisable products, the eight-holed 1460 boot and sister product the 1461 shoe.
But it has struggled with weakening demand in the US for some time, especially as the cost of living has increased around The World , with less cash for discretionary spending.
In 2021, Dr Martens raised the prices of its footwear by £10 due to rising production and material costs, taking The Price of its classic 1460 boots in the UK to £159 a pair. It has continued to rise and currently costs £169, according to the retailer's website.
" When times are good, Dr Martens has shown it is possible to make decent returns from its iconic products, " said Russ Mould , investment director at Aj Bell .
" But when the economic outlook is more uncertain, The Company suffers from having its products priced slightly above The Level at which someone wouldn't think too hard about paying. "
The Dr Martens brand was founded in 1960 in Northampton. Its air-cushioned sole was developed by Munich-based Dr Maertens and Dr Funck and the UK patent rights were sold to R Griggs Group.
The footwear that emerged from The Collaboration was initially sold as a work boot, but was taken up by the early skinhead youth movement of the 1960s. The boots also become popular with punks in the 1970s and had a resurgence when Britpop emerged in the 1990s.
Today the boots, also known as Docs or DMs, remain popular.
When Dr Martens listed on the London Stock Exchange in 2021 its shares were priced at 370p. On Thursday its shares were trading at around 85p.
" There always seems to be a stone in The Shoe for Dr Martens ever since its IPO in 2021, " said Susannah Streeter , head of money and markets at Hargreaves Lansdown .
" Earlier this year The Company was beset by operational problems at its Los Angeles distribution centre. Once Again , hopes of a rebound in sales have been booted away and long-term growth for the brand looks highly uncertain. "
Mr Wilson said The Company continued to " Have Faith in our iconic brand, and we continue To Believe in the long-term growth potential of the business".
Related TopicsSource of news: bbc.com
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