Boots could return to London market after 16-year hiatus as US owner considers listing December 13, 2023 The American owner of Boots is reviving discussions on selling off the UK pharmacy chain, nearly 18 months after a sale process was shelved. According to Bloomberg, Walgreens Boots Alliance (WBA) has been holding talks about ways to separate the UK-based pharmacy Boots, in a deal that could be valued at about £7bn. Back in [...]
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.
B&Q faces backlash over changes to staff breaks December 12, 2023 B&Q is facing backlash from staff following changes made to paid breaks and reduced hours, according to reports.
Zara pulls ad following complaints of alleged Israel-Hamas war imagery December 12, 2023 Zara said the campaign, advertising its Atelier line, was “conceived in July and photographed in September”.
Supermarket sales slide before Christmas as Brits buy food and put off big ticket items December 12, 2023 Sales of general merchandise fell by seven per cent year-on-year in the four weeks to 2 December, as Brits put off spending before cashing in on sales promotions in the run up to Christmas. Total till sales growth at UK supermarkets slowed to six per cent in the last four weeks, according to the latest [...]
Pepco: Poundland owner ‘cautiously optimistic’ despite ‘disappointing’ profits December 12, 2023 The owner of Poundland, Pepco said it was cautiously optimistic for the year ahead, as it recorded a 17.1 per cent surge in revenues for the full year to €5.6bn – despite profit problems mounting. Demand for budget goods has surged amid the cost of living crisis as shoppers seek out cheaper alternatives, according to [...]
Analysts: Shein float in London would set off investor ESG alarm bells December 12, 2023 Shein is reportedly looking at a potential IPO in London - though analysts in the capital believe a float would raise investor red flags
London rents will cool next year – but tenants won’t be out of the woods yet December 12, 2023 Rents will continue to rise in London next year but at a much slower pace than what has been seen over the past 12 months. London landlords are expected to raise their prices by two per cent in 2024, a substantial decrease when compared to the nine per cent hike which was recorded by property [...]
Don’t feel guilty: Cost of living means this is the Christmas of regifting December 8, 2023 One in four people are likely to give a second-hand gift to relatives or friends this Christmas, new research suggests. A survey of 2,000 adults by Royal Mail found that half said they would be happy to receive a second-hand or regifted present, with only one in four taking umbrage. Most of the one in [...]
Scotch Malt Whisky Society owner slashes guidance as whisky market slows December 8, 2023 The owner of The Scotch Malt Whisky Society (SMWS) has issued a profit warning as it is hit by slow demand in China.