Bank of England’s Bailey expects ‘pronounced recovery’ for economy January 21, 2021 Bank of England Governor Andrew Bailey said yesterday he expected Britain’s economy would recover strongly as the country moves ahead with vaccinating its population against Covid-19. “I really do think that we are going to see a pronounced recovery in the economy as the vaccination programme, as it is doing now, rolls out,” Bailey said. [...]
Mothercare shares surge as baby goods seller returns to profitability September 13, 2022 Shares in Mothercare surged by more than 60 per cent today after the British baby-care products retailer said it had swung back into profitability over the past financial year. The Watford headquartered company posted profits of £12.1m for the financial year 2022, compared to a £21.5m loss in FY 2021. The retailer said the “significant [...]
Coronavirus lockdown: Central London retail footfall plunges 80 per cent November 23, 2020 Central London retail footfall fell 80.4 per cent last week compared to 2019 levels as the England-wide coronavirus lockdown continued to take its toll on the nation’s struggling high streets. The latest data showed that the capital was the worst affected region due to the impact of home-working, the lack of domestic and international tourists [...]
Private sector grows at fastest pace in five years as UK economy reopens July 24, 2020 Britain’s all-important services sector grew at its fastest pace in five years in July as much of the UK economy reopened from the coronavirus lockdown, a survey has shown. Private sector output as a whole also grew at its fastest clip since 2015 as manufacturing production picked up speed, according to the early survey reading. [...]
Walmart maintains outlook for next year as profits tighten against inflationary pressures August 16, 2022 US retail giant Walmart’s profits were eaten into by inflation as it maintains its outlook for the next financial year despite revenue being up 8.4 per cent. The supermarket chain took in $152.9bn in Q2 but said this strong growth was “partially driven by inflation”, which tempered its outlook, and its profits. Its comparative sales [...]
Tube strikes: Bosses warn of ‘hammer blow’ to London trade as dispute drags on September 26, 2023 Business chiefs have warned that rail strikes set to take place in next week will deal another “hammer blow” to trade in the capital as the cost of rail strikes on City businesses continues to rise.
THG: Growth continues after strong performance from beauty division April 23, 2024 THG, the owners of Cult Beauty and Myprotein, recorded strong revenue growth in the first quarter of 2024
This Week: PMIs, Morrisons, Next, US unemployment, Fed, M&S January 4, 2021 City A.M. looks at the first business week of 2021 with Michael Hewson, chief market analyst at CMC Markets UK. Monday: UK PMIs for December Flash numbers in the middle of December were surprisingly encouraging, with manufacturing rising to 57.3. “No doubt due to some pre-Brexit stockpiling. services also managed to rebound a touch, coming [...]
FTSE 100 falls as recovery concerns weigh on markets January 18, 2021 The FTSE 100 is fell today as last week’s slide in investor confidence continued. London’s premier index closed 0.2 per cent down to stand at 6,723 points. The FTE 250 of midcaps went the other way, rising 0.1 per cent to 20,646 points. In a sluggish day of trading, markets never really got going, with [...]
Superdry to delist from London Stock Exchange in latest effort to stay afloat April 16, 2024 Embattled fashion brand Superdry has said it will delist from the London Stock Exchange as part of a restructuring plan to keep the company alive.