Mark Kleinman: Pay compass points towards a defiant City October 3, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles executive pay, Rightmove subs and firm YNAP window-shopping Pay compass points towards a defiant City Who says work doesn’t pay? That’s not been the case in the last [...]
Chinese stocks post best week since 2008 September 29, 2024 Chinese and China-focused stocks posted their best week since 2008 last week, with the CSI 300 index shooting up 15.7 per cent after strong economic stimulus measures were put in place by the country’s government. Every index tracking Chinese stocks benefited from the measures, with Hong Kong’s Hang Seng index rising more than 13 per [...]
Luxury stocks ‘bask in the glow’ of a Chinese equity stimulus September 24, 2024 Luxury investors breathed a sigh of relief this morning after the People’s Bank of China announced an array of economy-boosting policies, including £84bn of liquidity support for equities. High-end European stocks were a sea of green, with French luxury fashion house LVMH up 4.2 per cent, Hermes up 4.3 per cent and Kering up 4.3 [...]
London Fashion Week Closes with a Unique Sustainable Event September 18, 2024 London Fashion Week 2024 has seen an exciting blend of tradition and innovation. Yesterday, the prestigious fashion week witnessed a unique show, Fashion Frenzee, where sustainable fashion took centre stage as it closed its programme of events. Photo credit: Mickey Lee Fashion Frenzee, delivered by London Heritage Quarter and Central London Alliance CIC in partnership [...]
The tourist tax is so last week. Scrap it to boost the UK fashion industry September 18, 2024 Visitor numbers to London are rising, yet the tourist tax continues to quash the benefits, writes New West End chief executive Dee Corsi.
Burberry: How low will ‘lost’ luxury fashion label’s shares go after FTSE 100 relegation? September 11, 2024 Burberry’s share price just keeps dropping and the decline is has shown almost no signs of slowing down for more than a year. It hit a 15-year low of 565p this week, after reaching a 14-year low in July, after hitting an all-time high of £2,690p last April. It is set to drop out of [...]
The Notebook: Investing in what you know has lost its relevance in 2024 September 6, 2024 Where the City's movers and shakers have their say. Today, Interactive Investor's Richard Hunter takes the pen, with the latest insight in all things investment.
Watches of Switzerland: The worst is over for the luxury watch market September 3, 2024 Watches of Switzerland has said the worst is over for the luxury market in the UK as it reported steadying demand for high-end watches from its stores. In a trading update this morning, the retailer said it was trading in line with expectations and “on track” to meet 2025 guidance. Its shares rose by more [...]
Supermarket and McDonald’s bosses to meet ministers over workers’ rights reforms September 2, 2024 Bosses from UK supermarkets and McDonald’s are set to meet government ministers to be updated on plans for new laws around workers rights. Deputy Prime Minister Angela Rayner and business secretary Jonathan Reynolds will join John Lewis CEO Nish Kankiwala; Sainsbury’s CEO Simon Roberts; Claire Costello, chief people and inclusion officer at the Co-Op; and [...]
Burberry’s fall out of the FTSE 100 is about much more than a challenging market August 30, 2024 Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September. It’s an unfortunate if not surprising turn of events for the UK’s only luxury fashion brand, which has seen its share price drop nearly 75 per cent in the last [...]