City officials encourage local spending ahead of Small Business Saturday December 1, 2023 The holiday season might not be as reliable as it once was for small businesses, new research suggests, but optimism seems to persevere within the City as peak trading season approaches. While 61 per cent of small businesses, surveyed on behalf of American Express, have said the festive season has yet to be the same [...]
Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling high costs November 30, 2023 All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and pub chain, which also owns Toby Carvery, said that adjusted operating profit increased by 17.6 per cent, despite [...]
Dr Martens share price plummets 26 per cent after another slump in sales November 30, 2023 Another slump in sales has turned all eyes to Dr Martens today as the London-based bootmaker reported a 5 per cent dip in revenue, despite investors hoping for signs of turnaround. Dr Martens saw a revenue decline to £395.8m in the six months to September 30 as it continued to battle weakness in its US [...]
Mulberry: Chief calls to scrap London tourist tax as losses widen November 30, 2023 Thierry Andretta, said that a weak economic outlook is impacting the entire luxury industry and called for UK government to bring back VAT free shopping for international tourists
Farfetch: The story so far as shares slide hard in New York November 29, 2023 Farfetch shares have slumped in New York as traders bet against reports the firm could be set to go private
JD Sports Fashion tops FTSE 100 as Foot Locker raises sales outlook November 29, 2023 FTSE 100 retailer JD Sports Fashion - 'The King or Trainers' - added seven per cent to top the FTSE 100 today.
Signa: Selfridges owner files for insolvency in fresh blow for billionaire Benko November 29, 2023 Fears over the future of Signa have left many analysts speculating that it could lead to the sale of London's most iconic department stores.
Deliveroo is 50 per cent down on its offer price — can its first capital markets day turn the tide? November 29, 2023 Deliveroo is now 50 per cent down on its offer price after a return to dining out and Brits clamping down on takeaways knocked the firm off its perch.
Supermarkets in focus of new CMA probe claiming loyalty schemes push up inflation November 29, 2023 It made the announcement following its latest findings from a two-year ongoing investigation of the groceries sector, and its impact on competition and inflationary pressures.
Motoring services drive growth for Halfords despite ‘slower than expected’ recovery November 29, 2023 Halfords made a profit during the interim period but gross profits at its retail business were hit by high inflation