London restaurant openings near pre-pandemic levels as wealthy eaters splash out January 8, 2024 The number of new restaurants opening in London has almost returned to pre-pandemic levels, despite ongoing pressure placed on the industry.
Merry Clickmas: UK shoppers splashed £24bn online over festive season January 8, 2024 Christmas shoppers in the UK filled their carts with more than £24bn in online spending over the festive season, fresh data has revealed.
M&S shares: Retailer set to take Christmas crown after bumper festive season January 8, 2024 M&S will update investors on Christmas trading on Thursday as the high street darling is expected to once again dazzle markets with a stellar performance.
Nearly 120,000 retail jobs lost in 2023, report suggests January 8, 2024 The numbers of jobs lost in British retail dropped last year, but 120,000 people still lost their employment, figures have suggested.
McDonald’s: Middle East boycott over free meals for Israeli soldiers hits sales January 5, 2024 McDonald’s chief executive, Chris Kempczinski, has blamed “misinformation” surrounding the Israel-Gaza war for flattening sales in the Middle-East. In a post on LinkedIn, the head of the fast food chain said calls for boycott have led to “meaningful business impact”. Kempczinski, said: “Several markets in the Middle East and some outside the region are experiencing [...]
Diageo: Guinness maker shares hit lowest level in four years amid China trade row January 5, 2024 Shares at Diageo are now trading at their lowest level since November 2020, in the face of weakening sales and trouble with Chinese trade.
Revs to shut Liverpool bar and host of others as youngsters stop spending January 5, 2024 Revolution Bars has said it will close down eight of its least profitable venues in response to young people scaling back nights out due to the cost of living crisis. In a trading update, the nightlife operator blamed younger customers feeling the “disproportionate” effect of the cost-of-living crisis and the national living wage increase for [...]
More misery for London retail as footfall flatlines January 5, 2024 London retailers took yet another battering over December as footfall fell -1.4 per cent on a year-to-year basis, according to new figures from the British Retail Consortium (BRC). Festive cheer did not appear to be enough to drag shoppers back to the capital’s high streets, with the figure widening from -0.4 per cent the [...]
Could Flutter’s US expansion rock its premium London stock listing? January 4, 2024 Gaming giant Flutter is gearing up for a secondary listing on the New York Stock Exchange (NYSE) at the end of the month.
JD Sports sees £2bn wiped off market value but analysts are holding out hope January 4, 2024 JD Sports has not started the new year on the right foot. Nearly £2bn has been wiped off the firm’s market value after it posted an unusually weak Christmas performance. A warning from the ‘king of trainers’ that it would struggle to meet its ambitious £1bn profit target kicked the retailer’s share price down by 25 [...]