Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Ted Baker’s online strategy is paying off as high-street footfall falters June 14, 2016 Ted Baker celebrated an impressive revenue growth today after a year of expansion in e-commerce. The figures In its trading update this morning, Ted Baker reported an 11.3 per cent increase in revenue for the 19 weeks between 31 January and 11 June 2016. Compared to the same period last year, retail sales were up [...]
Week ahead: Investors watch BoE and sterling as EU vote nears June 13, 2016 Brexit braying and the Bank of England’s interest rate decision will be closely followed by investors this week. Ahead of the BoE’s announcement on Thursday we’ll hear from the US Federal reserve, and though markets are not expecting a move from either, investors will be paying close attention to the language used by policy makers. [...]
Financial Reporting Council launches KPMG probe over additional services provided while it audited Ted Baker June 6, 2016 The accountancy watchdog has today announced an investigation into KPMG Audit over its handling of its additional services provided to Ted Baker. The Financial Reporting Council (FRC) has said it will be examining how the big four firm complied with ethical standards relating to providing non-audit services while it was auditing the retailer. The periods concerned [...]
Beautiful Things: The items on our shopping list this month, from fetish cakes to copper plated shot glasses April 29, 2016 SCP Armchair £1,508, scp.co.uk Luxury furniture retailer SCP unveiled its new collection at this month’s Salone del Mobile in Milan, including this quietly stunning chair from Reiko Kaneko. It features a steel frame, walnut or oak arm rests, an upholstered backrest and a feather seat cushion on an upholstered pad. Its minimalist aesthetic and small footprint [...]
Ted Baker raises dividend 18.6 per cent as profits jump 20 per cent March 17, 2016 The figures: Group revenue rose 17.7 per cent to £456.2m in the 52 weeks ended 30 January, up from £387.6m a year earlier. Pre-tax profit jumped 20.3 per cent to £58.7m during this period, up from £48.8m in the year to January 2015. This was helped by e-commerce sales which swelled 45.8 per cent to £53.5m, up from £36.7m. The board hiked Ted Baker's [...]
Former FA and Manchester City chairman David Bernstein joins advisory board at property investment firm Cogress March 10, 2016 An investment platform that allows consumers to invest in high-end developments has bolstered its advisory board after hiring former Manchester City chairman and retail veteran David Bernstein. Cogress, an open equity platform, was founded by Israeli entrepreneur Tal Orly in 2014 with the aim of making prime London residential and commercial developments accessible to private investors. Since its launch it has [...]
City Moves for 23 February 2016 | Who’s switching jobs February 23, 2016 The Moment The Moment, an international content agency that specialises in bespoke training solutions, has appointed Sir Jonathon Band as chairman of its advisory board, for its advanced digital learning division. Jonathon will oversee quarterly meetings that will guide and challenge the capability of the learning business. Jonathan joined the Royal Navy after graduating from [...]
Ted Baker posts double-digit sales growth over Christmas January 13, 2016 Ted Baker has avoided the warm weather woes hurting other fashion retailers this year to post a double-digit increase in sales over Christmas. The figures The lifestyle brand increased retail sales 10.1 per cent in the eight weeks to 9 January. Its ecommerce arm performed particularly well, with sales up 39.1 per cent. Average [...]
Ted Baker buys Ugly Brown Building headquarters for £55m December 17, 2015 Ted Baker's founder Ray Kelvin and his staff have become very attached to their quirky King’s Cross offices they call the Ugly Brown Building. So much so, the fashion brand has bought the freehold to the property, formally known as Block B, Canal Reach on St Pancras Way, for £55.25m through its subsidiary, Big Lobster, after [...]
Black Friday sales 2015 UK: The best deals and offers from John Lewis, Amazon, Tesco, Currys PC World and Sainsbury on 27 November November 27, 2015 Retailers have been building up to Black Friday for months – now it's finally here and the best bargains have gone on sale. There's plenty of deals to choose from, ranging from electricals and homeware to fashion and sporting goods. Here's our round-up of the best the high street (and online) has to offer today. John [...]