King’s Cross retail sales boom as reinvention continues January 22, 2026 King’s Cross retail sales rose by double digits last year as the zone’s reinvention attracts significant retail and leisure investment. Total sales across the King’s Cross estate climbed by 13.5 per cent year on year, with retail sales up by 16 per cent and food and drink sales also climbing by 10 per cent. [...]
Coffee and sugar drive surging food inflation January 21, 2026 Sharp increases in the cost of coffee and sugar are behind the high rate of food inflation which is one of the drivers of the surprise inflation rise. The cost of food increased at a rate of 4.5 per cent in the year to December, overshooting the overall inflation rate of 3.4 per cent by [...]
Next seals deal to acquire Russell & Bromley January 21, 2026 High street giant Next has stepped in to buy shoe seller Russell & Bromley in the latest in a string of acquisitions by the FTSE 100 retail giant. The sale will see Next acquire the Russell & Bromley brand, and three of its stores in Chelsea, Mayfair and the Bluewater Shopping Centre, in exchange for [...]
Currys shares soar after retailer defies high street gloom January 21, 2026 Shares in tech retailer Currys soared this morning after the firm released an upbeat Christmas trading update, defying wider gloom on the high street. The London-listed firm recorded a three per cent uptick in UK and Ireland revenue as it clawed a bigger market share from strong sales in mobile, as well as growth in [...]
Stuart Rose steps down as EG Group chair ahead of US IPO January 19, 2026 Stuart Rose has stepped down as chair of EG Group ahead of the forecourt firm’s flotation in New York later this year. The retail industry veteran and Conservative peer has been replaced with immediate effect by Roland Smith, the current chairman of American fast-food chain Jack’s, in the clearest sign yet the company is seeking [...]
Reeves pulled out of ‘golden age for the City’ speech amid Trump tariff drama January 19, 2026 Rachel Reeves pulled out of a major event at the Stock Exchange, scheduled for Monday morning, where she had been due to claim that her reforms to UK listing rules are “reinvigorating” Canada and ushering in a new “golden age” for the Square Mile. Reeves had been set to say: “Two years [...]
Fortnum & Mason: Profit surges at King’s grocer January 13, 2026 Profit at Fortnum & Mason surged by more than 60 per cent as its sales also ticked up during its latest financial year, new figures have revealed. The iconic London store has posted a pre-tax profit of £15m for the 12 months to the end of July 2025, a rise from £9.3m. The firm’s turnover [...]
Sainsbury’s shares dip despite £800m shareholder payout plan January 9, 2026 Sainsbury’s share price has dipped by over 4 per cent on Friday morning following its Q3 results, which revealed grocery sales at the FTSE 100 giant grew by over 5 per cent during the festive period. The boss of the supermarket chain said it “won grocery market share for the sixth consecutive Christmas” after grocery [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks January 9, 2026 Good morning and welcome back to the Morning Wire liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
Shares down as Tesco hits 10-year UK market share high amid festive boom January 8, 2026 After a “strong Christmas” period, Tesco now anticipates its full-year adjusted operating profit will reach the upper end of its £2.9bn to £3.1bn forecast range. In its Q3 update, the FTSE 100 giant revealed its total group sales reached £24.9bn for the 19-week period. It was the Republic of Ireland that had a strong food [...]