FTSE 100 today: London markets prepare for quiet start amid thin U.S. holiday trading February 19, 2024 Asia shares stumble while China sees modest gains. Oil dips in light U.S. holiday trade. China's central bank holds the key interest rate steady. All eyes will be on high-flying Nvidia's earnings report this week.
Coronavirus: Joules secures £15m credit boost as crisis hits high street April 21, 2020 Joules today said it has added £15m to its revolving credit facility as the fashion retailer battles a sharp decline in sales caused by the coronavirus crisis. The credit boost, agreed with Barclays, follows a share placing earlier this month that raised £15m. Joules has already taken a number of measures to mitigate the impact [...]
TK Maxx defies retail gloom as sales top £3bn October 25, 2019 Budget retailer TK Maxx topped £3bn in sales in the last year, shrugging off high street woes with a rise in profit. US group TJX US, which is the parent owner of the fashion group, has reported a 6.4 per cent rise in sales to £3.1bn in the 12 months to February 2019. Read more: [...]
The Notebook: Sir Rocco Forte on the hated tourist tax, counteracting climate hysteria and Boris Johnson’s legacy June 26, 2023 The Notebook is a column where interesting people say interesting things. Today, it’s hotel industry giant Sir Rocco Forte, chairman of Rocco Forte Hotels My hotels in Italy, Germany and Belgium are booming. But occupancy in London is not what it was last year nor what we saw pre-pandemic. Official statistics bear this out, showing [...]
Retailers call for shop reopenings based on safety standards May 10, 2020 The reopening of shops after the coronavirus lockdown should be based on safety standards rather than size or business type, a top retail chief has said. Helen Dickinson, chief executive of the British Retail Consortium (BRC), said she expected a “gradual lifting” of the restrictions, with schools and transport the first to reopen. But she [...]
Happy investors: M&S shares jump after lifting full-year profit forecast August 20, 2021 British high street staple Marks & Spencer has lifted its profit guidance to around £350m for the year as its sales have begun to recover, inching towards its pre-pandemic recordings. The upbeat trading update seemingly left investors with a fresh bout of confidence in the retail heavyweight, as M&S shares jumped by 11.14 per [...]
US jobless claims rise for first time in four months as coronavirus spreads July 23, 2020 The number of Americans making new jobless claims climbed last week for the first time since the economy began to crash at the end of March, in a sign the US’s recovery is cooling off. Slightly more than 1.4m Americans made a new jobless claim last week, up 109,000 from the week before. It was [...]
BNP Paribas’ UK property chief on the impact of the pandemic November 20, 2020 In his first interview since taking up the role of UK CEO of BNP Paribas Real Estate in July, Etienne Prongué sat down with City A.M.’s Michiel Willems to discuss the unprecedented beating the City’s property investment space received since the start of the pandemic, with transaction and fundraising levels remaining suppressed. But despite the [...]
For all the awards, consumers rarely care about the gold standard City exec June 22, 2023 We've got so obsessed with award ceremonies that they've ceased to be a reliable guide for customer choice and become more of a game of winners, writes Chris Hirst
Auto Trader reports highest-ever sales as digital efforts pay off November 11, 2021 Car marketplace Auto Trader has reported its highest-ever six months of sales and profits, as demand for cars from its platform surged to record levels and the company’s focus on its digital offering in the pandemic paid off. Revenue jumped 82 per cent to £215.4m , up from £118.2m a year earlier. This was up [...]