Crew Clothing warns on consumer confidence as profit stalls September 29, 2026 Crew Clothing has warned that it could suffer from a significant slowdown in consumer confidence, as the retailer saw profit stall last year. The high street clothes seller said it is bracing for a potential drop-off in spending, as inflation fears caused by the Iran war tighten shoppers’ budgets. In a statement the firm said: [...]
Revive VAT-free shopping to boost high streets, Selfridges urges Burnham September 29, 2026 Selfridges has called on Andy Burnham to reinstate VAT-free shopping for international tourists as part of his push to revive British high streets and boost regional growth. The luxury department store chain hit out at then-Chancellor Rishi Sunak’s decision to abolish VAT-free shopping in 2021, adding that it is “encouraged” to see the policy back [...]
As it happened: FTSE 100 and bonds jitter; Burnham says Britain must be ‘honest’ about public finances September 29, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Nike, Adidas and Puma put historic differences aside to target tariffs and inactivity crisis September 29, 2026 The sporting goods industry is no stranger to bitter rivalries, from the family split that spawned Adidas and Puma to the former’s decades-long battle for supremacy with Nike. Now, however, those brands and others have united to lobby policymakers worldwide for lower tariffs as part of a joined-up approach which they say will tackle rising [...]
Aldi says rival supermarkets pushing up prices as shoppers feel pinch September 28, 2026 The boss of discount grocer Aldi has accused its rivals of driving growth by raising food prices, as the supermarket committed to fending off “persistent” price inflation. Giles Hurley, chief executive of the UK’s fourth-biggest supermarket, hit out at the grocer’s competitors, insisting that Aldi is the only operator whose prices have fallen year-on-year. He [...]
Aldi to invest £900m in new stores after record turnover September 28, 2026 Aldi is set to spend £900m opening new stores next year, as the discount grocer warned the Iran war and droughts were pushing up the “pressures” facing households. The UK’s fourth-biggest supermarket said it is seeing record sales growth because of its “relentless focus” on low prices, amid fears that the cost of food could [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
World Cup brand deals score David Beckham £39m payout September 25, 2026 David Beckham has taken a £38.9m payout from his personal business empire after World Cup brand deals drove record income for the former English football captain. DRJB Holdings, the company which represents Beckham’s business activities, posted a 20 per cent uplift in revenue to $110.5m (£84m) in 2025, as profit nearly doubled to $66m (£50m). [...]
Poundland suitors tussle to buy £30m discount retailer September 25, 2026 Several bidders will table offers for Poundland on Friday, as the owners of the discount retailer seek £30m for the company they bought for just £1. Multiple suitors are expected to hand their bids to Gordon Brothers, which owns Poundland, as early as Friday, as the US investment firm rushes to complete a deal before [...]
Poundland owner could carve out Irish business in rush sale September 24, 2026 Poundland’s owners are considering selling off the discount retailer and its Irish branch, Dealz, in two separate transactions, City AM has learned. Gordon Brothers, which bought Poundland and Dealz only a year ago, is sounding out interest in the two retailers in hopes of completing a deal before the busy Christmas trading period. This process [...]