Post-Christmas slump: UK shopper numbers fall 15 per cent in a week January 3, 2022 UK shoppers shirked the high street in the week following Christmas as concerns about the the rapid spread of omicron continued to bite.
Soft drink giant Fever Tree highlights short term cost ‘uncertainty’ amid war in Ukraine March 16, 2022 Beverage maker Fever Tree has said Russia’s invasion of Ukraine has caused “significant uncertainty” for short term costs. Tim Warrillow, co-founder and CEO of Fever-Tree, said the war in Ukraine had “resulted in significant uncertainty in relation to our input costs in the short term.” UK revenue leaped 15 per cent in full year results [...]
These aren’t just good results…M&S buoyed by update November 11, 2021 Marks and Spencers’ shares were back in fashion on the FTSE 250 yesterday, after a buoyant update indicated greener pastures for the once ailing brand. The retailer boosted full year profit expectations as it reported a profit before tax of £187.3m in the six months to 2 October, sending shares up more than 16 per [...]
Halfords boss urges government to do more to address skills gap as shortage of mechanics starts to bite December 6, 2021 A shortage of specialist mechanics is interfering with Halfords’ agenda to rapidly grow the number of electric cars on Britain’s roads to such an extent that the boss of the company has called on government to do more. Graham Stapleton, chief executive of the retailer and motoring services business, said he is “very concerned” that [...]
Summer DIY builds up Wickes sales above pre-pandemic levels July 21, 2021 Supply store Wickes has seen like-for-like growth lift more than 22 per cent on pre-pandemic levels, as the UK’s warm weather pushes DIY’s lockdown momentum to continue. The Watford-headquartered retailer said that its sales lift in the 26 weeks to 26 June was driven by DIY and local trade. Physicals sales were up 33.1 per [...]
What’s On in London in September 2024 September 3, 2024 As summer fades and the crisp breeze of autumn begins to fill the air, London prepares for an exhilarating September packed with cultural and sporting events, festivals, and unique experiences. Whether you’re a local, worker or a visitor, the capital offers an unrivalled array of activities to make the beginning of this autumn unforgettable. From [...]
Cash down the back of the sofa: Loaf readies for £70m sale May 2, 2021 Home furnishings retailer Loaf is reportedly exploring options for a sale as it looks to cash in on pandemic-driven increased demand. Industry sources told The Times that a sale could raise as much as £70m. Read more: Bargain bin: Topshop’s former Oxford Street site on sale for £420m Loaf was born out of The Sleep [...]
Ikea set to take on Topshop flagship store on Oxford Street September 9, 2021 Ikea has reportedly agreed a deal to take on Topshop’s flagship store on Oxford Street for around £385m. The furniture conglomerate has also bought the 73,000 sq ft NikeTown and a 4,700 sq ft Vans shop, adjacent to the Topshop store, according to real estate publication React News. Ikea is thought to be planning a [...]
Robust reopening for Dunelm as firm plans investment July 14, 2021 Homewares retailer Dunelm today reported strong growth as it bounced back from coronavirus retail restrictions, with profits slightly ahead of forecasts. Despite this outlook, shares in the Leicester-based company fell around 3 per cent this morning. Sales more than doubled in the fourth quarter compared with the same period in 2020, when the UK was [...]
FTSE 100 falls but US stocks rise ahead of Fed decision September 16, 2020 The FTSE 100 fell but US stocks opened higher as investors awaited the latest decision from the US Federal Reserve and digested more economic data. London’s main stock index dropped 0.6 per cent to stand at 6,067 points just before 3pm. The FTSE 250 of mid-cap companies fell 0.1 per cent. Read more: UK inflation [...]