Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
Green light for £500m Bishopsgate tower and Victorian bath house restoration November 21, 2023 The green light has been given to erect a new 23 storey tower in Bishopsgate, alongside the restoration of a historic Victorian Bath House, in the latest boost for the City’s skyline. As part of the development, which is being spearheaded by Landsec, the building at 55-56 Old Broad Street will be refurbished to create [...]
Mike Ashley steps up involvement in Hornby with chief consultancy role March 20, 2024 Mike Ashley has stepped up his involvement in model trains brand Hornby after becoming a consultant to its chief executive.
Hilton Foods warns profit will be dented after slower than expected cost mitigation talks November 8, 2022 Meat packer Hilton Foods warned its annual operating profit would take a hit after challenges passing on high inflationary costs in its seafood arm, causing shares to plunge. In a trading update on Tuesday morning, the FTSE 250 firm admitted its profit would come in at a lower than anticipated sum following challenges in its [...]
Whitbread: Premier Inn owner keeps beating rivals as London hotel occupancy soars January 11, 2024 Whitbread said overall food and beverage sales for the third quarter was at £187.9m, lower than the previous two quarters
In from the cold: H&M posts rising sales despite retailer putting its spring collection on hold March 30, 2023 H&M sales soared in the first quarter of the year, despite the roll out of its spring collection having been delayed in many markets due to a spell of cold weather. The Swedish fashion brand, which has 194 stores across the UK, said that sales increased 12 per cent to SEK 54,872m (£4.82bn) during the three [...]
A case for public equity: why listing in London matters January 12, 2024 London as a listing venue has considerable advantages for growth companies looking for the benefits of an IPO but it must do more to support companies grow.
JD Sports Fashion continues European expansion with completed acquisition of Poland’s MIG January 18, 2024 JD Sports Fashion has completed the acquisition of a 40 per cent stake in a Polish investment group as it pushes into European markets.
How to fire up the economy? Stop messing with peashooters and bring out the big guns March 24, 2024 Boosting the economy is the only way to sustainably raise living standards for all, so let's stop messing around with small-fry policies, writes Matthew Fell.
FTSE 100 live: London index steady as China growth target disappoints investors March 6, 2023 The FTSE 100 has barely moved this morning, after China disappointed investors with modest growth targets for the year.