Coronation: Sixty-two million pints to be poured at UK pubs, but City might miss out May 2, 2023 Pubs across the UK are bracing for an influx of visitors to celebrate the coronation of King Charles III this week, with some trade groups suggesting the sector could see a multi-million pound boost from increased sales. UK pubs will see a £120 million boost as people flock to pubs during the bank holiday weekend, [...]
Revolution share price soars 58 per cent after Boohoo coup takes ugly turn at AGM June 28, 2023 Boohoo blasted the board of Revolution and called for the removal of three senior members after its rocky AGM yesterday saw the trio all ousted – then reinstated. The ugly row between Boohoo, which has a 26.6 per cent stake in the brand, continued late last night, as it led a successful vote to kick [...]
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]
Sales growth at furniture firm Made hit by Covid-related factory closures in Vietnam January 6, 2022 Furniture retailer Made has said its sales growth was hit after its Vietnamese factories were forced to close during Covid restrictions earlier this year. The online retailer said disruptions resulted in 20 per cent of its most popular furniture ranges being unavailable during its peak autumn trading period. Its key factories have now all opened [...]
Primark UK store sales dip as retailer outlines expansion plans January 16, 2020 Primark’s like-for-like UK in-store sales dipped over the Christmas trading period, the budget retailer announced this morning. The high street chain’s owner Associated British Foods (ABF) said today that there was a “marginal decline” in like-for-like UK sales in the 16 weeks to 4 January. However, the impact of extra store space boosted total UK [...]
Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Autocentres boost Halford’s revenues despite slump in bike sales January 13, 2022 Halfords has reported two-year revenue growth of 13.9 per cent in its third-quarter trading update, despite softening retail demand.
Theo Paphitis: Dragons’ Den star says the high street is going nowhere and neither is he June 14, 2022 Theo Paphitis is not in any hurry to hang up his boots. After decades running the show at companies from lingerie to stationery firms, one might be mistaken for thinking the Dragons’ Den star, retail titan and former Millwall chairman may be mulling a change of pace. However, Paphitis tells City A.M. he has “a [...]
‘A few people tried to talk me out of it’: The Deutsche Bank analyst who opened up thriving Farmer J lunch chain October 31, 2023 Farmer J is on track to hit sales of c.£17m in 2023 and it has plans to open six more site launches next year.
A Russian billionaire, the Dyson family, Gym Shark founder and Sting are among 100 of the richest Brits who paid nearly £5.2bn in tax during 2022 January 27, 2023 A Moscow-born billionaire is the UK’s top tax payer, paying more than £487m in just 12 months, according to the Sunday Times’ annual tax list. Alex Gerko, boosted the Treasury’s coffers by more than £1.3m a day or £55,639 an hour during 2023. Gerko, who became a British citizen and renounced his Russian citizenship late last [...]