FTSE 100 live: London markets to open higher as low valuations drive momentum; Eyes on US inflation data
Uniqlo owner reports record quarterly profit bolstered by Chinese demand RETAIL Fast Retailing, the owner of Japanese clothing brand Uniqlo, reported a 35 per cent increase in quarterly profit today, and raised its annual profit outlook as it continues to be boosted by demand in China. Fast Retailing’s operating profit in the three months to May surged to 110.3 billion yen. Revenue for the quarter came [...]
Uniqlo: Viral TikTok trend helps boost European sales past £1bn Retail Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.
London: Shot in the arm for West End as Uniqlo UK boss says Covent Garden is the place to be Fashion chain Uniqlo said it was committed to London after opening its second store in six months. Alessandro Dudech, chief operating officer at Uniqlo UK said the company regarded it as honour to be opening a store in Covent Garden. He said it was an area of London with “cultural and retail heritage”. He added: [...]
Richest in Japan: Uniqlo founder’s wealth collapses by 44 per cent since start of the year June 2, 2022 The billionaire founder of high street fashion brand Uniqlo has lost nearly half of his wealth since the beginning of the year. The staggering 44 per cent loss, revealed yesterday in Forbes’ list of the 50 richest people in Japan, has been spurred by a sales slowdown in Japan and China, which has hit Uniqlo [...]
Derwent: London property investment trust credits ‘busy’ West-End and return to the office for uptake in leases May 4, 2023 Derwent, the London property investment trust, has told investors that London and the West-End is “busy” as a return to offices and shopping signal better times for the capital. In its first quarter trading update, the FTSE 250 real estate firm revealed a 6.6 per cent uptake in the number of leases secured which totalled [...]
Covent Garden owner Capco reports strong rental demand as West End gears up for its £3.5bn merger with Shaftesbury January 30, 2023 Trading conditions across the Covent Garden estate have been positive, in particular a successful Christmas trading period with like-for-like customer sales in aggregate exceeding pre-pandemic levels. Ian Hawksworth, chief executive of Covent Garden estate owner Capco, said: “There is continued momentum at Covent Garden with robust trading conditions, in particular a successful Christmas period,” said [...]
Battersea Power Station to open next month with new shopping and office destinations September 1, 2022 The office and retail development at Battersea Power Station will open to the public next month, almost 40 years since the iconic building closed. The South-London development will open on 14 October, project owners revealed on Thursday. Around 100 shops, restaurants and bars have bagged space at the development, while big names Apple and IWG [...]
Oxford Street revival to ‘peak’ next year as West End recovers from candy store scourge December 12, 2023 Sam Foyle, director of retail at Savills said that everyone has been looking at the street “really positively” and there are currently 15 deals from businesses under offer at the moment.
Gymshark chief brands UK ‘a great place to do business’ as firm eyes expansion April 28, 2023 Despite much criticism about the UK’s high level of corporation tax and struggling capital markets, the boss of sportswear brand Gymshark said today the Britain is a “great place to do business.” Asked by LBC’s Nick Ferrari, how easy is it to start and to grow a business in the UK, chief executive Ben Francis [...]
More than a quarter of a million people visit new Battersea Power Station in opening weekend October 19, 2022 Over a quarter of a million people visited the new Battersea Power Station last weekend, providing a much-needed boost to the new South London hotspot. Nearly forty years after the lights were switched off in one of London’s most defining landmarks and following an eight-year restoration project, visitors were able to enjoy the first of its [...]