Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Ted Baker bucks high street trend with strong sales January 8, 2015 Ted Baker defied warm weather which kept shoppers away from high streets as sales surged over the Christmas period. The upmarket fashion group said retail sales rose 22.8 per cent year-on-year in the eight weeks to 3 January. Online sales also soared 66 per cent, boosted by an overhaul of its US website in July. [...]
Black Friday powers John Lewis’ best week ever December 2, 2014 John Lewis has reported its best-ever week for sales in its 150 year history, thanks to the power of Black Friday. The sales bonanza, which the department store had invested heavily into, resulted in sales of £179.1m, up 21.8 per cent year-on-year, and 56.8 per cent up on the previous week. It easily [...]
Ted Baker sales look sharp after growth abroad November 13, 2014 Ted Baker posted a jump in third-quarter sales yesterday as its fast-growing portfolio of stores overseas helped to ease the impact of the warm Autumn weather that has plagued retailers in the UK. The British clothing brand, which was originally founded as a shirt specialist in Glasgow 26 years ago by chief executive Ray Kelvin, [...]
Bank’s inflation report to give clues on rates – London Week November 9, 2014 MARKET attention this week will focus on the Bank of England’s Inflation Report, due for release on Wednesday, and the latest set of macroeconomic projections contained within it. The figures will help investors and analysts to determine just how far market expectations for the first hike in the interest rate have been pushed back. The [...]
Ted Baker defies retail gloom with strong international and web sales October 2, 2014 Ted Baker profits rose 24 per cent to £14m in the last half year, as the fashion retailer benefited from international sales. The brand’s revenue also lifted 17.4 per cent to £182m and web sales rose 49 per cent, to £14m. UK and European sales soared 15.1 per cent to £104.5m, American and Canadian sales [...]
Shares in high street retailers cool on Next’s warm weather warning September 30, 2014 SHARES in the UK’s biggest clothing retailers slumped yesterday after industry bellwether Next warned it might have to cut its profit forecast if the warm weather continued. Next said third-quarter sales to date were up six per cent rather than the 10 per cent it had forecast as the mild September weather deterred shoppers from [...]
London Report: Housing market stalls and GDP is re-evaluated September 28, 2014 HOUSING data showing fewer mortgage approvals and only modest price increases looks set to show that the UK’s booming property market is finally slowing. Bank of England figures out today are forecast to show that mortgage approvals fell to 66,000 in August from 66,569 in July and 67,085 in June. The numbers are well below [...]
City Moves for 10 July 2014 | Who’s switching jobs July 9, 2014 Regis The global property investor has appointed Syd Taylor as its UK-based chief financial officer. Taylor’s 25 years of experience include director level roles with Rockmount Capital, ING Real Estate, Goldman Sachs and Great Portland Estates. Smith & Williamson Peter Mitchell has joined the accountancy and investment management group as head of banking. Mitchell joins [...]
Ex-UBS analyst Rosenberger is on top at the StarMine Analyst Awards July 2, 2014 StarMine, one of the more analytical of the analysts gongs, has revealed its top names for 2014 exclusively in City A.M. Part of the Thomson Reuters Awards for Excellence programme, the StarMine Analyst Awards measure the performance of sell-side analysts based on the returns of their buy and sell recommendations relative to industry benchmarks; and [...]
Jackets and swim trunks propel Pentland near £2bn in revenues June 23, 2014 HIGHER international sales of Speedo swimwear and Berghaus jackets helped leisure group Pentland boost revenues by 10 per cent last year to £1.9bn, according to annual results. The group, which owns a variety of iconic UK fashion brands like Boxfresh, Mitre and Ellesse and licenses for footwear by Kickers, Lacoste and Ted Baker, reported a [...]