Appetite for high-emission foods growing as sustainability takes a back seat amid rising bills November 10, 2022 Brits are giving up on going green as over half of all consumers in the UK have ditched environmentally friendly products. This is largely due to the cost-of-living crisis as one in two Brits admit price is now significantly more important than health, sustainability and quality when it comes to the weekly food shop. Despite [...]
12-storey Canary Wharf tower 5 Churchill Place sold at loss of 60 per cent February 6, 2024 A 12-storey tower in Canary Wharf has reportedly been sold for 60 per cent less than its 2017 purchase price.
Lamborghini, Aston Martin & Dior: Why are the world’s luxury brands recession proof? March 27, 2023 Luxury brands are yet to feel the cold wind of recession, with luxury names including Aston Martin, Lamborghini, Bentley and Dior all posting a surge in revenues in 2023. The companies all cite the “resilience” of their wealthy customers in an otherwise tough economic market. Lamborghini is the latest to appear to shrug off soaring [...]
Boohoo shareholders ‘furious’ at ‘outrageous’ boss bonuses May 27, 2024 Shareholders at Boohoo Group will reportedly revolt over a decision to hand top bosses one million pound bonuses, despite the company reporting a £160m loss.
The Botanist eyes ‘significant profit growth’ after £8m hit despite record sales January 11, 2024 The owner of brands including The Botanist is eyeing a surge in its profits after reporting a record year of sales.
Ryman: Losses widen at retailer owned by former Dragons’ Den star Theo Paphitis April 10, 2024 Losses widened at Ryman, the stationery retailer owned by former Dragons' Den star Theo Paphitis, despite an increase in sales.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
Morrisons tackles debt pile with £2.5bn petrol forecourts sale April 30, 2024 Morrisons has closed a £2.5bn deal to sell its 347 petrol stations to Motor Fuel Group (MFG).
Fred Perry issues bumper pay day as sales pass milestone August 22, 2024 British sporting and fashion brand Fred Perry has paid out a bumper dividend after its sales jumped past the £150m mark during its latest financial year. Founded by Wimbledon champion Fred Perry in 1952, the company has issued £90m in dividends for 2023 after its turnover totalled £154.1m for the year. The figure comes after [...]
L&G report: Inflation is widening gap between rich and poor with ‘pay cut’ for 95 per cent of UK households March 27, 2023 Legal & General’s Rebuilding Britain Index (RBI) found that 95 per cent of working UK households have experienced a real terms pay cut over the last 12-months as rising inflation makes its way felt into nearly all households. UK inflation has surpassed forecasts and stayed in the double digits and the rate of price increases [...]