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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Asos to cut 200 jobs at head office as it battles cheaper fast fashion rivals

September 25, 2024

Asos is planning to chop 200 roles from its head office as it looks to restructure its business in the face of mounting difficulties post-pandemic due to intense competition from cheaper rivals, according to reports. Asos said that current set-up was “no longer suitable for today’s business priorities and context… We need to move faster [...]
Prime property in London ticks down amid Starmer ‘plans to penalise wealth’

September 25, 2024

Demand for prime property ticked down in the third quarter of the year as buyers returned to ‘wait-and-see’ mode ahead of the Autumn budget. The prime property market has been up and down this year; buyers held back ahead of the July election but returned to the market over summer. Now they nervously await potential [...]
Tortilla revenue slumps after cutting ties Deliveroo, but there’s no sign of regret

September 25, 2024

Tortilla’s revenue has slumped after the decision to remove itself from takeaway platform Deliveroo, but the company showed no sign of returning to the platform and said it was focused on expansion in continental Europe instead. Like-for-like deliveries fell by 10.3 per cent in the 26 weeks ended 30 June. Tortilla said the decision to [...]
Lower costs help Co-op return to profit

September 25, 2024

The Co-op said this morning that lower costs had helped the company return to profit in the first half of its financial year. Profit before tax grew to £58m in the first half of 2024 from a loss of £33m in the same period last year. The company, which also operates a funeral service, legal services, [...]
Deliveroo partners with Not On The High Street in boost for small retailers

September 24, 2024

Deliveroo has partnered with e-commerce distributor Not On The High Street to provide personalised gifts on demand in the latest expansion of the on-demand service’s shopping offering. The partnership, which Deliveroo has said could see gifts on customers’ doorsteps in as little as 25 minutes, will allow users to order from 15 independent small brands [...]
Luxury stocks ‘bask in the glow’ of a Chinese equity stimulus

September 24, 2024

Luxury investors breathed a sigh of relief this morning after the People’s Bank of China announced an array of economy-boosting policies, including £84bn of liquidity support for equities. High-end European stocks were a sea of green, with French luxury fashion house LVMH up 4.2 per cent, Hermes up 4.3 per cent and Kering up 4.3 [...]
Vet service Animalcare reports positive results after balance sheet “transformation”

September 24, 2024

International veterinary pharmaceutical and services business Animalcare has reported a “transformation” in its balance sheet after two sales worth £27.7m, as well as a boost in revenue. The AIM-listed, York-based company told markets this morning that its revenue rose by five per cent to £36.9m, from £35.2m in the first half of 2023. Underlying earnings [...]
Card Factory shares plummet despite first interim dividend in five years and ‘resilient’ results

September 24, 2024

Shares in personalised gift and party supply business Card Factory have slumped despite the return of its interim dividend after a revenue boost. The company announced the recommencement of an interim dividend of 1.2p, “demonstrating commitment to delivering progressive returns to shareholders”. However, its share price fell by nearly 20 per cent in early trades. The [...]
AG Barr boosts dividend as Rubicon and Irn Bru sales grow

September 24, 2024

Drinks business AG Barr has reported a strong set of half-year results thanks to higher demand for its core soft drinks offering despite weak summer trading conditions and a dip in revenue from its cocktail arm. Barr, which owned the Irn Bru and Rubicon brands, reported a 5.2 per cent increase in revenue to £221.3m [...]
Tall tails: The story of a city couple, a Siberian cat and a litter box

September 23, 2024

When entrepreneur Aneisha Soobroyen adopted her Siberian cat Boo, the last thing she expected was never-ending stomach issues stinking up the litter box.

‘Drag on prosperity’: Next boss demands planning system overhaul in rallying cry for growth

Sawe and Adidas London Marathon record could see athletes jump from Nike

Why awe-inspiring Anguilla is the Caribbean’s best-kept secret

By: Amber Murray

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