UCL expands footprint in One Canada Square January 14, 2025 UCL School of Management has announced it will expand its facilities at Canary Wharf as the financial services hub continues to diversify its offering. The UCL school at One Canada Square, which offers undergraduate, postgraduate, executive and PhD programmes, will occupy two additional floors on levels 48 and 49 for staff, teaching and learning spaces. [...]
Fortnum & Mason to ‘limit price rises’ as it battles surging costs January 14, 2025 Iconic London store Fortnum & Mason has vowed to limit increasing prices in the wake of tax rises by the Labour government. The retailer, which can trace its roots back to 1707, has said the outlook for its operating costs in 2025 “remains challenging”. The company pointed to inflation, labour costs, tax increases, raw materials, [...]
Innocent Drinks slashes loss after overcoming ‘challenging year’ January 14, 2025 Innocent Drinks has slashed its pre-tax loss after it recovered from a “challenging year”, it has been revealed. The London-based brand, which is owned by Coca-Cola, has reported an operating loss of £3.7m for 2023, according to delayed accounts filed with Companies House. The results, which were filed long after the initial deadline of 30 [...]
Naked Wines CEO: How to choose the right bottle of wine January 14, 2025 Meet the chief executive "fighting" to turn around Naked Wines, which enjoyed huge success during the pandemic but has been struggling since.
Card Factory: Shares ‘should rise rapidly’ after successful Christmas January 14, 2025 Shares in Card Factory rose more than five per cent after the retailer reported festive growth ahead of the wider market. Revenue rose 4.7 per cent in November and December, driven by a higher average spend on sweets and toys. Total sales for the 1 months ended 31 December, 2024, reached £506.6m, up 6.2 per [...]
‘We hope this is not goodbye’: Partridges to close iconic London store after 53 years January 14, 2025 Independent family-run food store Partridges is to close its iconic London location after 53 years. The company is to shutter its fine food store in Duke of York Square, Chelsea, on 2 February. Partridges confirmed that its location in Gloucester Road, Kensington, will continue to trade as usual and that a new store will open [...]
Trouble for B&M as millions wiped off value despite huge pay day January 14, 2025 Despite reporting increased sales and a huge dividend of more than £150m, shares in B&M plunged in the aftermath of its latest trading update last week. Shares in the Liverpool-headquartered discount retailer slumped from 360p to 316p following the publication of its third quarter results. B&M’s price has hardly recovered in the days since, with [...]
Ocado shares surge after online grocer reports record-breaking year January 14, 2025 Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado [...]
JD Sports shares plunge after retailer warns on profit January 14, 2025 JD Sports shares plunged more than 12 per cent this morning after the company issued a profit warning. The FTSE 100 giant forecast full year profit before tax at between £915m and £935m, down from its previous estimate of £955m to £1.035bn. This morning, the retail giant told markets sales fell 1.5 per cent across November [...]
Protein Works set for ‘epic milestone’ as sales pass £50m January 13, 2025 Protein Works is gearing up to achieve an “epic milestone” as its sales broke through the £50m barrier for the first time. The Cheshire-headquartered business is on the verge of selling 400 million protein shakes worldwide as it revealed its turnover hit £50.7m in the year to 31 August, 2024. The latest turnover total for [...]