Drinkers and shoppers flock to high streets to toast last night before lockdown November 5, 2020 Drinkers and shoppers flocked to pubs and high streets yesterday ahead of the introduction of a new nationwide coronavirus lockdown in England. The latest footfall data showed that high street visitor numbers surged 23.5 per cent on Wednesday compared to the previous week as consumers squeezed in a final pint or shopping trip before restrictions [...]
Boots IPO still possible if private equity firms do not cough up, says owner March 27, 2022 One of the owners of high street chemist Boots says floating the chain as a standalone firm is not off the table if private equity firms do not cough up a suitable bid.
Boots bidders mull pension scheme options as Walgreens looks to spin off chain February 25, 2022 Private equity firms readying bids for high street chemist Boots are grappling with how to deal with the firm’s major pension liabilities, according to reports.
Dame Sharon White: It is too early to predict the end of the high street October 15, 2020 Dame Sharon White has said it is too early to sound the death knell of the British high street even as she outlined further plans for the John Lewis partnership to move online. Speaking to the Times CEO summit, White said the “death knell for the High Street is rather premature”, just months after cutting [...]
Black Friday: Click and collect to boost retail park footfall as high streets suffer November 20, 2020 Retail footfall on Black Friday is forecast to plummet due to the closure of non-essential stores, but online stores, retail parks and shopping centres will benefit from click and collect services, according to the latest research. England is set to be the hardest hit, with footfall expected to plunge 61.7 per cent on Black Friday [...]
Wall Street falls after hot jobs data raises threat of high rates July 7, 2023 Stocks fell on Thursday after reports suggested the US jobs market remains much more resilient than expected. The S&P 500 lost 35.23, or 0.8 per cent , to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1 per cent , to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8 per cent , [...]
Boots sales drop 30 per cent as shoppers dodge high street October 15, 2020 British chemist Boots suffered a near 30 per cent drop in sales in the fourth quarter of the year as consumers stayed away from the high street despite the coronavirus pandemic easing slightly. Sales dropped 29.2 per cent compared to the same period a year earlier. However, the figures were an improvement on the previous [...]
NatWest to roll out buy-now pay-later credit as demand booms March 22, 2022 NatWest is set to be the UK’s first high-street lender to move into the booming buy-now pay-later market as it rolls out a dedicated product for customers later this year.
New York-based Apollo Global Management mulls buyout of Marks & Spencer November 22, 2021 Private equity giant Apollo Global Management is reportedly mulling a buyout of UK high street staple Marks & Spencer.
Cough up cash for small suppliers TSB tells rivals April 19, 2022 High street lender TSB has called on rivals Co-Operative Bank and Metro Bank to speed up supplier payments after data found the banks are among the worst culprits for paying suppliers late.