Farfetch pull trading update as New York take-private rumours swirl November 29, 2023 Farfetch's move will only fuel further rumours that boss Jose Neves is looking for a way off the public markets after a disastrous New York float.
Gigs galore: London pubs and bars anticipate £2.4bn live music surge in 2024 November 29, 2023 Nearly 90 per cent of UK pubs and bars plan to expand their live music offerings in 2024, potentially tapping into £2.4bn in revenue.
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]
Wilko ‘ran out of cash’. Former boss apologies to staff over collapse of chain November 28, 2023 The former boss of Wilko, Lisa Wilkinson, was pushed to offer an apology to the staff of the now-collapsed high street chain and admitted that she let her employees down.
Topps Tiles cautions over sliding sales as annual profits slump November 28, 2023 Topps Tiles cautioned over a “weakening of discretionary consumer spending” that is impacting trading so far in its new financial year, with like-for-like Topps Tiles sales down 6.1% in the first eight weeks.
Pets at Home’s profit slumps as higher wages bite November 28, 2023 Pets at Home has backed its full-year guidance despite swinging to a 19.3 per cent loss in underlying profit before tax in the interim period.
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Shaftesbury Capital: West End’s ‘resilience and appeal’ drives 12 per cent jump in footfall November 27, 2023 The amount of people spending on the West End i is up 12 per cent on last year, West End Landlord Shaftesbury Capital has said.
Revolution Beauty founder in multi-million settlement talks amid crisis November 27, 2023 It was confirmed the beleaguered company is in talks to reach potential agreements with former chief executive Adam Minto, who stepped down over a year ago.