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Retail

  • B&M: Discount retailer enjoys rewards of cost-of-living Christmas

    January 9, 2024

    B&M Bargains enjoyed a buoyant Christmas, reporting a five per cent leap in revenues during the golden quarter. 

  • London MSG Sphere plans officially dead: Developer blames Sadiq Khan and government

    January 9, 2024

    In a letter to the Planning Inspectorate, seen by City A.M, the American development group said it was “extremely disappointing” its plans were refused.

  • Pubs enjoy bumper December despite rail disruption

    January 9, 2024

    Brits heading out to Christmas parties helped drive spending in bars and pubs higher by 7.9 per cent in December despite rail strikes. 

  • Hotel investments plunge to lowest level since 2012 as high costs bite

    January 8, 2024

    Despite the slowdown, foreign investors continued to express interest in the market with 39 per cent of all deals involving overseas buyers, particularly in London

  • Vistry and Crest shares rise as investors pin hopes on cooling rates and housing recovery

    January 8, 2024

    Experts at the high street bank Barclays were reviewing price targets and ratings for a number of property groups. 

  • 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 [...]

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