Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
London fintech Upp. pockets $10m as it eyes global expansion June 27, 2023 London-based fintech Upp. has secured $10m (£7.8m) in seed funding as its artificial intelligence and machine learning model wins over investors. The startup, which uses AI to automate online retail, has garnered support in a funding round spearheaded by Californian venture capital firm Bonfire Ventures. Mark Mullen, co-founder of Bonfire Ventures, said Upp. is “the [...]
Westfield’s bailed on San Francisco, but it won’t in London, say experts June 20, 2023 Westfield will hand back the keys to its flagship San Francisco mall following nearly two decades of ownership after it was battered by crime and the exit of its 350,000 ft flagship Nordstrom site. In recent years, the shopping centre’s occupancy level plummeted dramatically to around 55 per cent, with a host of household-name retailers [...]
Train strikes to restart sparking anger from City bodies and hospitality groups May 6, 2024 Britain's railways are bracing for yet another round of industrial action as train drivers stage walkouts throughout next week.
AO saves more than 70 jobs at mobile phone retailer which entered administration February 15, 2024 AO has saved more than 70 jobs after acquiring certain assets from a mobile phone retailer in administration.
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Yet another UK firm heads for private hands after £400m-plus deal March 8, 2024 Wealth manager Mattioli Woods is set to be snapped up by a London-based private equity outfit after waving through a £432m deal to its shareholders today.
“You’ve got one job”: Investors wants answer on London Stock Exchange outage October 20, 2023 Investors are looking for a “quick answer” today after the London Stock Exchange was hit by a technical incident which halted trading in hundreds of smaller stocks on Thursday. Normal trading has resumed on the bourse this morning after trading at the smaller end of the market was curbed by the incident yesterday, although bigger [...]
I was ‘institutionalised’ at Barclays – now I’m free to innovate, says former chief executive January 18, 2024 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week, it’s former Barclays chief executive and 10x Banking founder Antony Jenkins.
Westfield owner reports solid earnings as shopping centres show signs of recovery July 27, 2023 The owner of London’s Westfield shopping centres today reported a 1.6 per cent bump in earnings in the first half year, with net rental income across its property portfolio reaching €1.15bn (£989bn). Unibail-Rodamco-Westfield, which is headquartered in Paris, said EBITDA rose slightly by 1.6 per cent to €1.157bn (£993m). In its shopping centre division, which [...]