Hotel Chocolat shares plummet 13 per cent after profit warning on flagging consumer sentiment June 23, 2023 Hotel Chocolat shares have plummeted by around 12 per cent as the premium brand is expected to be back in the red. The retailer, which has fallen victim to cash-strapped Brits cutting back on luxuries, said it now anticipates revenue of £201.8m and underlying profit before tax of £0.3m for the 2023 financial year. It [...]
Government ‘penalising’ investors with ‘baffling’ stamp duty on shares, says Interactive Investor June 22, 2023 Ministers are “penalising” the UK’s investors by levying “baffling” taxes on holding British stocks, one of the UK’s top investment platforms said today.
Why British investors are pouring into US tech funds this year June 14, 2023 British do-it-yourself investors are pouring back into tech funds this year in a bid to cash in on a tech-fuelled market rally in the US and Asia.
Krispy Kreme plays down impact of UK rules on unhealthy foods May 16, 2023 The boss of Krispy Kreme doughnuts has shrugged off the impact of new UK regulations on unhealthy food in supermarkets, insisting that consumers could simply be “trained” to look elsewhere in shops for their sweet treats. Major retailers have been banned from placing high fat, sugar or salt items near prominent store locations such as [...]
Hargreaves Lansdown pledges to hike dividend after profit grew by 30 per cent despite market turbulence February 15, 2023 Investment platform Hargreaves Lansdown today pledged to hike its dividend after it successfully boosted its profits in the face of widespread market turbulence. The online trading platform, which is known for its index fund offerings, said it grew its revenues by a fifth (20 per cent) over the final six months of 2022 despite the [...]
Peel Hunt joins forces with rival brokers to launch retail capital markets and IPO investment platform February 2, 2023 Peel Hunt is set to launch a new independent retail investment platform alongside other brokers in the second half of 2023, as it seeks to broaden access to capital markets amongst retail investors. The investment bank will establish RetailBook as a new legal entity which will own and operate a deal platform based on Peel [...]
Ocado: Annual revenue dives to £2.2bn but up on pre-pandemic level as retailer sees strong festive trade January 17, 2023 Online grocery retailer Ocado saw its revenue dive to £2.2bn in 2022, down 3.8 per cent from the previous year, but up by 40 per cent on pre-pandemic levels in 2019. The online grocery delivery giant managed to claw back some growth with postive Christmas and New Year trading updates. It’s rivals Tesco and Sainsbury’s [...]
Exclusive: High Street queen Mary Portas says retail’s 2022 race to the bottom is finally over January 12, 2023 City A.M. sits down with the 'Queen of retail', or Madam High Street, retail consultant and broadcaster Mary Portas.
Staggering £25bn down the drain as 9 in 10 Brits plan to cut back in 2023 January 12, 2023 Close to £25bn-worth of discretionary outgoings in the “cut-back economy” may be lost this year as close to nine in 10 people plan to reduce their spending over the year ahead. More than a third of UK households are “financially distressed” and plan to cut back across most, if not all, of their non-essential spending, [...]
Aggressive institutional investors pushing into digital assets set to replace retail players January 10, 2023 Institutional investors are set to replace retail investors as the major holders of digital assets in 2023, according to new research shared with City A.M. today. More than 7 out of 10 of professional investors believe institutions will hold 60 per cent of digital assets within seven years, reversing the current status where institutions hold [...]