Black Friday sales failed to boost retail footfall last month December 2, 2021 Black Friday sales failed to entice more shoppers out to UK retail destinations, according to the latest data. Footfall worsened slightly during November to 14.5 per cent below 2019 compared with being down 13.4 per cent on pre-pandemic levels in October, according to Springboard data. The month as a whole was impacted by a relatively [...]
MADE revises down revenue forecast amid ‘significant’ supply chain struggles December 9, 2021 Home retailer MADE has revised down its revenue guidance as it battles the “significant” supply chain disruptions that have hit most industries. It has also warned investors of a potential £12m to £15m loss in adjusted earnings, which it expects to recover next year. The news prompted shareholders to pile out of the stock, leaving [...]
Victorian Plumbing shares plunge more than a third following earnings caution December 9, 2021 Online bathroom retailer Victorian Plumbing had its share price plunge more than a third today, after cautioning investors of flatter earnings in the year ahead. Revenue lifted nearly 30 per cent to £268.8m in the year to September 30, while its adjusted earnings jumped over 50 per cent to £40.1m. However, the company had warned [...]
Train drivers at eight railway firms vote in favour of industrial action July 11, 2022 Train drivers will join the wave of industrial action that has brought the country to a standstill as members of the union Aslef at eight operators have voted in favour of industrial action. No dates have been announced yet, but if it were to go ahead, the industrial action will hit services on Chiltern, GWR, LNER, [...]
The Notebook: Dogs in the office, Next’s triumph, and the Madoff documentary January 8, 2023 The Notebook is a new addition to City A.M.’s daily offering, giving the City of London’s movers and shakers the chance to let a few things off their chest. In this first edition – it’s our editor, Andy Silvester, penning his thoughts. ONE of the things that fascinated me as a child were ant farms [...]
London is back: Footfall boost as Brits return to city centres September 27, 2021 London enjoyed a 6.5 per cent boost in shoppers last week, ahead of national figures for increased footfall. Office workers have returned in droves this month while international tourism to the city is slowly picking too. Retail experts Springboard said footfall across UK retail destinations rose 2.7 per cent last week from the week before. [...]
Shoppers flock to Oxford St in West End’s busiest week since last November February 3, 2022 The West End has enjoyed busiest week since November 2021 following the easing of Covid restrictions last month. In the first full week since plan B measures eased, areas including Covent Garden and Oxford St, saw a return of shoppers. Footfall hit 79 per cent of pre-pandemic levels, the highest seen since last autumn, before [...]
Square smile! You are back in the City November 24, 2021 You may have spotted the new Lord Mayor of London, Vincent Keaveny and Policy Chair of the City of London Corporation, Catherine McGuinness next to a new roundel at Bank station, to welcome workers and visitors back to the City. In partnership with TfL, it is part of the City of London Corporation’s Square Smile [...]
Political scraps over public or private ownership are a distraction to solving Britain’s railway woes April 22, 2024 Delays, cancellations and strikes - the UK's railways are in a mess. But both parties' solutions for fixing the nation's rail network are flawed, argues Guy Taylor
West End set for booming recovery as tourists flock back to capital May 3, 2022 Londoners can bet on a roaring West End comeback, after Peel Hunt analysts pointed to a resilient recovery in occupier demand and rental tone. In a note yesterday, Peel Hunt said that the future looked cheery for the central London shopping and theatre destination, “despite wider uncertainty and the cost of living squeeze.” It comes [...]