The Very Group hires former Fenwick boss as new chief April 9, 2024 The Very Group has appointed the former boss of department store chain Fenwick as its new chief executive.
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]
Pukka Pies launches investment search which could see popular brand sold March 7, 2024 Pukka Pies has kicked off a search for new investment in a move which could see the brand sold.
How the Chinese New Year and covid rule changes could give a tourism boost to London’s West End January 6, 2023 London’s West End is looking forward to the return of Chinese tourists this month, after the easing of the nation’s zero-Covid policy – ahead of the Chinese New Year. China has seen a surge in Covid infections in recent months, with EU countries introducing testing requirements for travellers. Travel from and to China will be [...]
FTSE 100 close: Pound slumps after Bank of England leaves interest rates on hold while Ocado plummets September 21, 2023 The blue-chip FTSE 100 dropped 0.37 per cent to trade at 7,703.03 while the mid-cap FTSE 250m index fell 0.42 per cent to hit 18,632.97.
Hotel Chocolat ‘cautious’ as falling revenue and profit dampen outlook for Mother’s Day and Easter sales March 8, 2023 Hotel Chocolat had a bittersweet second half of 2022 with dents in its revenue and profits, owing to “hefty investments”, as it is not so optimistic ahead of Mother’s Day and Easter. The premium chocolate maker reported a fall in its revenue to £129m down from £142m last year, while its gross profit was down [...]
This isn’t just a good Christmas: M&S retains ‘top turkey’ title as festive sales spike January 12, 2023 Once-troubled M&S continues to deliver positive news to investors with turkey sales helping give the firm a healthy Christmas period
Christmas sales were a moment of reprieve as high streets play whac-a-mole February 2, 2023 Even the biggest retailers were severely dented by the pandemic, strikes, inflation and rising energy costs. It might be a game of whac-a-mole, but the high street is ready for another year, writes Richard Curry.
Currys share price soars as profit guidance lifted after trading ‘better than expected’ May 15, 2023 Currys has lifted its prospects for the rest of the year, saying its profit before tax is expected to be £110-120m, up from previously around £104m. Shares in the retailer jumped almost six per cent to 59.45p following the announcement this morning, to their highest level since early April. Currys, which sells everything from computers [...]
City firms love to play an economic blame game over investor confidence October 10, 2023 Companies are far too quick to blame the economic environment when a share price dips but they should look at the many things they can do to attract investors, Oliver Hughes writes