FTSE 100: London markets rise as UK recession and poor retail sales bolster hope for interest rate cuts February 15, 2024 The UK economy shrunk 0.1 per cent in December meaning it contracted 0.3 per cent over the fourth quarter of last year, a worse performance than economists had expected.
UK retail giant set to ditch central London office space amid job losses May 1, 2023 John Lewis is looking to cut its office space by over 50 per cent after the company seeks to drastically cut costs benefiting from a loose hybrid working approach. The John Lewis Partnership, which also owns Waitrose, first announced its plans to move offices last year, waiting until the lease of its current Victoria HQ [...]
More retailer woes send London’s FTSE 100 lower November 16, 2022 Another bad day for middle-class favourite and online supermarket Ocado led London’s FTSE 100 lower today. The capital’s premier index dropped 0.25 per cent to 7,351.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 1.77 per cent to 19,112.40 points. Fresh inflation figures [...]
FTSE 100 live: London ends week deep in the red on back of Israel-Gaza war, borrowing and retail figures October 20, 2023 London’s FTSE 100 ended the week deep in the red following disappointing retail figures and falling but still very high, public borrowing stats. The capital’s premier bluechip index was 1.31 per cent down by the close, at 7,401.30, while the FTSE 250, which is more aligned with the domestic market, dropped to 0.9 per cent, [...]
Boohoo: Tears as online retailer prepares major jobs cull at London Soho office January 11, 2023 Online fast-fashion retailer Boohoo is preparing to slash over 100 jobs in its London Soho office as it continues to integrate a recent spate of big brand acquisitions. The majority of roles at risk of being cut are believed to be among Boohoo’s e-commerce, buying and design teams,; although the exact number of redundancies is [...]
FTSE 100 live: Flat morning in London as miners and gloomy retail sales offset consumer gains April 21, 2023 The FTSE 100 struggled to get off the mark in early trading on Friday as losses for industrial miners and gloomy retail sales data offset gains for some consumer and healthcare stocks.
FTSE 100 live: London markets make small gains with retailers in focus as sterling stays strong April 14, 2023 Markets opened marginally higher on Friday with a mixed performance from retailers while the pound continued to strengthen as investors increasingly expect the Fed to start cutting rates across the pond. The FTSE 100 opened 0.20 per cent higher at 7,859.58, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
London retail rents to drop as occupier demand falls April 30, 2020 London retail rents are expected to dive this year as occupier demand has plummeted due to the coronavirus crisis, according to the latest research. In the first quarter of the year, occupier demand for retail fell to a net balance of minus 75 per cent, while office space demand declined to minus 18 per cent. [...]
FTSE 100 close: London index falls as investors react to mixed retail figures, JD Wetherspoon and Tui March 24, 2023 London’s FTSE 100 index closed 1.31 per cent lower today as investors failed to be enthused by data showing the UK’s economy is faring better than expected following the Bank of England’s (BoE’s) decision to hike interest for the eleventh time in a row. The capital’s premier index fell 1.05 per cent to 7,424.71 points [...]
Has London gone quackers? How a rubber duck shop is staying afloat in the City March 28, 2024 Amid a backdrop of struggling UK retail, a chain of rubber duck shops in London is thriving. Anna Moloney investigates.