London Oxford Street spend slips as pressure mounts to scrap tourist tax January 23, 2024 Bosses behind Oxford Street are piling fresh pressure on the government to scrap the tourist tax after visitors failed to splash the cash over the Christmas period. Dee Corsi, who heads up the New West End Company, said footfall grew three per cent over the holiday season but customers kept their purses shut, with spending [...]
It’s gin time: Aldi faces off with Marks and Spencer in court over light up bottle January 23, 2024 Aldi and Marks and Spencer are back in court today for round two of their fight over a light up gin bottle with gold flakes. Marks and Spencer launched an intellectual property legal action against discount supermarket rival Aldi back in 2021 over a gin. Marks and Spencer introduced a new line of gin based [...]
Marston’s: New pub boss says high costs are cooling after festive sales lift January 23, 2024 Pub chain Marston’s reported an eight per cent hike in sales in the four months to 20 January, as newly-appointed boss Justin Platt cheered a cooling to inflationary pressures. In a trading update, the historic boozer founded in 1834 said that for key festive days like-for -like sales leaped 9.6 per cent, and in the [...]
190 million mince pies sold as Mr Kipling-maker Premier Foods has best Christmas ever January 23, 2024 The St Albans-based listed firm reported a 14.4 per cent increase in sales on last year's third quarter, with major departments including grocery and sweet treats surging.
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
Primark: Market share up as ABF thanks Rita Ora and late-arriving cold weather January 23, 2024 One in every seven pounds spent on clothing, footwear and accessories is now spent in ABF-owned Primark
Virgin Wines sees sales tick up despite ‘subdued’ consumer landscape January 22, 2024 Virgin Wines has reported that sales ticked up in the second half of 2023, despite a “subdued consumer economic landscape” which has weighed heavily on the sector's bottom line over the last year.
Compass Group snaps up Kew Gardens catering rival for £475m January 22, 2024 Contract caterer Compass Group has entered into a £475m takeover deal of a rival firm, which provides hospitality services for the likes of Kew Gardens and the Royal Opera House.
Canary Wharf hits new record as Docklands hub goes seven-days-a-week January 22, 2024 Retailers at Canary Wharf Group reported a record number of visitors last year, as the boss behind the operation hailed it as a “seven day week” operation.
London is still attractive to foreign investors, says Excel Centre boss January 21, 2024 The chief executive of the Excel Centre has said foreign investors remain bullish on London despite a recent drop in UK projects.