By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

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Marston’s in ‘strong’ position as pub chain outperforms market

October 9, 2024

Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
Pasta Evangelists: From ‘pasta le disaster’ to £40m turnover

October 9, 2024

After conquering London's pasta takeaway scene, Pasta Evangelists has set its sights on the restaurant industry.
Shares in spirits companies drop after ‘tit-for-tat’ Chinese brandy tariff

October 8, 2024

Shares in international drinks companies fell this morning after China slapped an anti-dumping tariff on brandy imports from the EU, escalating trade tensions. The move from China came only days after the EU imposed a tariff of 45 per cent on Chinese electric vehicles for the next five years. The European Commission called it an “abuse” of [...]
Mike Ashley’s Frasers bets big on brick-and-mortar with 1m sq ft of new shopping malls

October 8, 2024

Mike Ashley-owned Frasers group has announced the acquisition of over one million square feet of retail space across three shopping centres in a huge new bet on physical retail. The shopping centres – in Exeter, Maistone and Gloucester – have a combined annual footfall of almost 17 million visitors and 1.015 million square feet. The [...]
The ‘battle for value is on’ at UK grocers as supermarkets push discounts

October 8, 2024

Higher spending at supermarkets over the last month has been driven by sales of discounted goods as grocers compete to bring financially-stretched customers through their doors, according to fresh data. Grocery price inflation increased slightly to two per cent during the four weeks to 29 September, up from 1.7 per cent last month, according to [...]
Vistry shares plunge after builder warns on profit

October 8, 2024

Vistry shares plunged around a third in early deals this morning after the company issued an unscheduled profit warning. The share price has since stabilised, but it remains down by just over 24 per cent. The group has warned that its profit will be £80m lower than expected this year due to issues with some [...]
Unite Students: Record demand for beds amid university housing shortages

October 8, 2024

Unite Students has reported strong growth and nearly-full student accommodation blocks amid record demand from students and still-constrained supply. Unite told markets this morning that like-for-like rental growth was 8.2 per cent and occupancy was 97.5 per cent for the 2024/25 academic year. The firm retained its guidance and said it expected rental growth to [...]
Oasis tickets and discounts ensure September spending doesn’t slide away

October 8, 2024

Retail sales in the UK have held up despite a dip in confidence, driven by widespread discounts and a spike in entertainment spending after Oasis‘ tickets went on sale. Consumer card spending increased 1.2 per cent year on year in September, after returning to growth in August, according to data from Barclays. Discounting pushed spending [...]
Mulberry founder suggests LVMH could be the right buyer for the brand

October 7, 2024

Mulberry founder Roger Saul has suggested that French luxury behemoth LVMH could be the right company to step in and aid the struggling brand after it rejected an offer from Mike Ashley’s Frasers group last week. Saul, who launched the brand in the 70s before leaving in 2002, told This Is Money that Mulberry was [...]
Wine sellers in ‘bleak’ alcohol duty tax burden warning

October 7, 2024

Four of the UK’s biggest wine sellers have said that upcoming changes to alcohol duty will lead to price rises in a “bleak” warning to their customers. Majestic, Laithwaites, The Wine Society and Cambridge Wine Merchants are amongst the wine businesses who together launched a poster campaign against changes to the excise duty. Excise Duty [...]

Center Parcs: UK pension funds in talks for stake in holiday giant

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The Italy holiday taking in amazing skiing and a lesser-visited city

By: Amber Murray

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