Double-digit footfall boost for London and South East as shops fear cost of living crunch will deter customers April 5, 2022 Retail footfall saw a double-digit boost last month in London and the South East, thanks to a bout of sunshine. London and the south East saw a 11.3 per cent rise in footfall to retail destinations in March. This represented footfall down 22 per cent on pre-pandemic levels. Across the UK, footfall was up 9.9 [...]
Issa brothers: How to turn a petrol station into an empire for billionaires June 7, 2024 How did the Issa brothers transform a single petrol station in Greater Manchester into an empire and become billionaires in the process?
London-listed firms face tougher fraud rules as watchdog prepares clampdown May 24, 2023 The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain's corporate governance watchdog proposed a slew of reforms today.
THG shrugs off £495m operating loss as luxury retailer mulls Apollo buyout April 18, 2023 THG has revealed an operating loss of £495.6m as the online retailer admitted having to fork out for soaring international delivery costs and a strategic review of its stock The London-listed e-commerce platform posted a 2.7 per cent jump in group revenues to £2,239.2m, compared to £2,179.9m the previous year, as the company undergoes a [...]
Mark Kleinman: Post Office needs new leaders to deliver January 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
First Property Group wins nearly half a million in unpaid rent from H. Samuel operator July 14, 2022 London property fund manager First Property Group has won nearly half a million in rent arrears from the operator of H. Samuel and Ernest Jones, after the jewellers withheld payment during pandemic restrictions. First Property recovered £450,000 from retail operator Signet Trading, in the first known arbitration under the Commercial Rent (Coronavirus) Act 2022. Gary [...]
Begbies Traynor: Jump in businesses going bust lifts firm’s profit guidance May 22, 2023 Begbies Traynor expects its annual sales and profits to trade ahead of market expectations thanks to a surge in the number of businesses going insolvent.
Mulberry profit takes a hit as luxury brand invests in global expansion June 28, 2023 Mulberry’s pretax profit slumped in the year, despite an uptick in revenue, as increasing costs weighed on performance. In the year to April, the luxury handbag maker reported an underlying profit of £2.5m, down from £14.6m last year. On a reported basis its pretax profit was £13.2m, which took into account impairment reversals on some [...]
Bitcoin breaks new all-time high as daily ETF inflows exceed $1 billion March 14, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Yesterday was yet another new Bitcoin all-time high. On Tuesday, a sharp wick down to test the previous all-time high of $69,000 was quickly eaten up by hungry institutions. [...]
THG shares swell after e-commerce retailer inks banking facility October 25, 2022 Shares in THG have surged after the group reported resilient sales of healthy and beauty products despite consumers tightening their belts. In third quarter results on Tuesday, the e-commerce retailer posted growth of 4.9 per cent in its beauty arm and 2.9 per cent in its nutrition division. Its share price surged by 19 per [...]