Bumper Christmas for shopping centre January 14, 2015 OVER half a million shoppers visited Quintain’s London Designer Outlet, home to retailers such as H&M and Gap, during the 2014 festive season. The Wembley-based outlet centre, which opened in October 2013, hosted 18,000 last minute bargain-hunters on Christmas Eve alone.
Developers confirm a start date for £440m Westgate Oxford shopping area February 9, 2015 Developers have confirmed that construction on a £440m Westgate Oxford retail and leisure scheme will start in spring, after four years of planning. The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, said the new 800,000 square foot development will expand the existing Westgate in Oxford city centre by adding [...]
Donald Trump, Jeb Bush, Ted Cruz and others: Who said what in the Republican debate? December 16, 2015 Nine candidates took part in the Republican debate yesterday in Las Vegas, including frontrunner Donald Trump and his rival Jeb bush, and senators Marco Rubio and Ted Cruz. Terrorism and national security were big topics dominating the discussion, while a series of jabs were made at Trump by the other participants. Here's who said what [...]
Rally in energy stocks helps FTSE to end up – London Report November 4, 2015 A late rally in energy stocks on the back of strong crude oil prices yesterday helped to outpace weaker banks – particularly Standard Chartered – and lift the FTSE 100. The blue-chip FTSE 100 index ended 0.3 per cent higher at 6,383.61 points, helped by a 3.3 per cent jump in the UK Oil and [...]
H&M’s online focus hurts profits March 28, 2014 H&M posted lower than expected first quarter profits yesterday after the high street giant invested heavily in growing its online businesses to catch up with its rivals, and due to higher markdowns. The world’s second largest retailer said that pre-tax profits rose eight per cent to 3.5bn Swedish crowns (£325.3m) in the three months to [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
H&M sees sales jump 12pc in March March 27, 2014 High street favourite H&M has said this morning that pre-tax profit rose eight per cent in the first quarter of this year from a year ago. The Swedish company saw sales go up 12 per cent this month – it’s already reported revenues up 13 per cent year-on-year in the first quarter. Expansion work will [...]
Mobile operators hit back at Ofcom plans to increase fees, claiming they threaten to increase consumer prices and hinder investment September 24, 2015 Mobile phone users could witness their bills increasing after Ofcom tripled fees for operators to use certain airwaves, providers have warned. The charge relates to the fees mobile operators Vodafone, O2, EE and Three pay for licences to provide 2G, 3G and 4G services and will come to a total of £199.6m each year, up [...]
Mail.ru grows revenues but profits shrink amid Russian bear market August 21, 2015 RUSSIAN internet giant Mail.ru yesterday announced reduced profits before tax for the first half of the year, down 11.3 per cent from 7.99bn roubles (£76m) to 7.08bn roubles. Meanwhile the firm, which has 75.4m monthly users, reported increased revenues of 18.3bn roubles, up from 17.1bn roubles for the same period last year. Russia’s continuing economic [...]
H&M to open first store in India February 12, 2014 Hennes & Mauritz (H&M) is to open its first store in India in April, the Swedish clothing giant announced yesterday as it becomes the latest to take advantage of the opening of Asia’s third-largest economy to foreign operators. The retailer, which said last year it plans to spend around €100m (£82m) on an initial 50 stores [...]