JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations Retail JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]
Bond Street moves into third for world’s most expensive retail spot Retail Bond Street has leaped-frogged Tsim Sha Tsui in Hong Kong to take bronze in a list of the world’s most exclusive retail streets. The shift bucks bucks fears about the decline of brick-and-mortar retail on the high-street and the so-called tourist tax, which has faced campaigners’ calls for scrappage. The average rent on Bond Street [...]
Exclusive: Labour’s relationship with business ‘at a critical point’, retail boss warns Retail If a week is a long time in politics, then four months in retail is a lifetime. When Helen Dickinson, the chief executive of the British Retail Consortium (BRC), last sat down with City AM in late July, she could hardly have been more effusive in her praise for the incoming Chancellor and her business [...]
Mattioli Woods: Profit slashed at wealth manager as it quit London November 19, 2024 Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
The ‘perfect storm’ is upon us — Britain needs more start-up support November 18, 2024 The largest annual festival of entrepreneurship and start-up events in the world is officially upon us, with a “perfect storm” paving the way for this year’s celebrations in Britain. Global Entrepreneurship Week is traditionally a moment of celebration in Britain — five days a week where budding entrepreneurs and wealth makers come together to support [...]
Non-doms: South Africa’s richest woman is fighting to stay in the UK November 18, 2024 When it comes to leaving countries in a hurry, Magda Wierzycka has plenty of experience. At just 12 years old, the South African entrepreneur and her parents fled their native Poland under the the cover of night, becoming refugees after its communist government declared martial law. Ending up in South Africa – via an Austrian [...]
Let’s celebrate great British start-ups November 18, 2024 Global Entrepreneurship Week is a chance to sing the praises of our start-ups and strengthen the foundations for them to succeed, says Timothy Barnes Today is the start of Global Entrepreneurship Week, the world’s largest festival for entrepreneurs and startup supporters. In nearly 200 countries around the world, some 40,000 events are expected to welcome [...]
Robinhood boss says UK’s stance on crypto trading is ‘backwards’ November 17, 2024 The billionaire chief executive of investment platform Robinhood has said UK policymakers' stance on cryptocurrency trading is "backwards" compared to regulated forms of gambling.
Has London’s commercial property market finally recovered from the pandemic? November 15, 2024 High-quality office space in London has “continued and sustained appeal” in London, with property take-up finally exceeding pre-pandemic levels, while retail vacancy rates have similarly dipped to their lowest level since 2019. Cushman & Wakefield and Savills have both reported that the central London property market has begun to stabilise, while British property investment trust [...]
WH Smith: Profit jumps as expansion into travel shops pays off November 14, 2024 WH Smith’s push into travel has paid off with the bulk of its growth in the last year due to higher profit at airports, train stations and motorway services. WH Smith’s revenue rose seven per cent to £1.918bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company’s expansion [...]