FTSE 100: Sticky inflation figures spook markets as investors brace for rate hike pain May 24, 2023 London’s flagship index tumbled in early trading this morning as investors took fright at sticky inflation figures that could trigger further interest rate hikes this year.
Primark profit margins to be hit by high energy costs and shoppers’ budget worries September 8, 2022 Primark owner Associated British Foods said it expects the retailer’s profit margins to take a hit next year due to rising energy costs. In a trading update on Thursday morning, the retailer said it anticipated Primark’s profit margin to be lower than expected as the budget-chain has opted to limit further price hikes. ABF acknowledged [...]
Richard Corrigan on the rise and rise of Irish hospitality March 17, 2022 The past 10 years have been marvellous for changing the profile of Irish food and drink in London. Gone are the days of murky Irish pubs and in their place we’re seeing the rise of a fantastic set of chefs and restaurateurs bringing some of the finest culinary skill to the capital. From one of [...]
Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off April 25, 2024 Supermarket Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with loyalty card and Aldi price matching schemes.
Pret A Manger names new chair as it sets sights on international expansion April 24, 2024 Pret A Manger has named its new chairman and announced the return of one of its co-founder as it shakes up its board amid a period of international growth.
Knightsbridge and Chelsea hail bumper Christmas thanks to swanky shoppers splashing cash January 26, 2024 Swanky shops and restaurants around Knightsbridge and Chelsea enjoyed a bumper Christmas, helped by affluent customers splashed the cash on London’s Kings Road.
The Notebook: Kokou Agbo-Bloua on humanity’s obsession with fire, the moral dilemmas raised by AI and why China’s outlook is a case of ‘heavy cloud, no rain’ September 18, 2023 Today, it’s Societe Generale’s global head of economics,cross-asset and quant research Kokou Agbo-Bloua with the Notebook pen The Red Flower and future energy We all remember the enchanting lyrics of the Monkey Song, ‘I wanna be like you’, from Walt Disney’s 1967 film The Jungle Book. In the movie, Mowgli is captured by a troop [...]
Sainsbury’s bets on style with plans for a new online fashion marketplace May 21, 2023 Sainsbury’s is reportedly planning to launch a new online marketplace for high street fashion brands in a move which will pile pressure on department stores like John Lewis. Looking to diversify its product range whilst capitalising on a strong web traffic presence – and vast distribution networks – Sainsbury’s is looking to stock a range [...]
More than a year after Russia’s invasion of Ukraine some firms still can’t – or won’t – quit Moscow May 25, 2023 Some global companies are still operating in Russia more than a year on from the country’s invasion of Ukraine. Firms were quick to respond to the full-scale war, which broke out last February, with some saying they would quit Russia immediately and others curtailing imports or new investment. Billions of pounds of factories, energy holdings [...]
FTSE 100 today: London markets to open higher, riding the global rally wave March 22, 2024 Asian markets track Wall Street's uptrend. Apple shares fell 4.1 per cent amid legal issues, and the Chinese yuan hit a four-month low. Reddit's stock soars 48 per cent on debut. Focus shifts to key events like UK retail sales and Fed Chair Powell's speech for monetary policy clues.