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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LSL: Mortgage and valuation giant bounces back on restructure and activity picking up

September 18, 2024

LSL Property Services, one of the largest providers of mortgage and valuation services, has reported significantly improved results due a company restructuring and improved sentiment in the housing market. Revenue rose by 18 per cent year on year, from £72.5m to £85.4m, while underlying profit rose by 354 per cent year on year, from £3.2m [...]
MJ Gleeson: Planning setbacks hit profit

September 18, 2024

Housebuilder MJ Gleeson has blamed planning setbacks in the UK for a decline in operating profit. Overall revenue at Gleeson rose by 5.2 per cent from £328.3m to £345.3m, although profit before tax fell by 21.3 per cent to £24.9m. The company – split into a land division and homebuilding division – said that Gleeson [...]
M&C Saatchi: ‘Significant improvement’ in profitability as problems ease

September 18, 2024

Ad agency M&C Saatchi said that cost-saving measures had contributed to a much-improved performance in the first half of the year, adding that it was “excited” about the future. The company told markets this morning that revenue grew by six per cent in the six months to 30 June, with 12.9 per cent growth in [...]
Khan on the pedestrianisation of London’s streets: ‘Watch this space’

September 17, 2024

The Mayor of London Sadiq Khan announced plans to pedestrianise Oxford Street earlier this week, which he said will revitalise the area and bring customers back. It’s the second time the Mayor has tried to pedestrianise the street, which welcomes some 500,000 visitors a day, with his last attempt in 2018 blocked by Westminster council. [...]
Neurodiversity in business: There’s a ‘generational shift’ underway

September 17, 2024

When Dan Harris set up the charity Neurodiversity in Business (NIB) just two years ago, he wanted to create change in an area that hasn’t moved as quickly as other human rights movements. “I set up NIB because I wanted to change the world that my little boy… will be growing up in,” he explained. [...]
Henry Boot: Property developer announces higher dividend as market recovers

September 17, 2024

Property developer and investor Henry Boot has announced a five per cent rise in its interim dividend on good sales and a better outlook for the property market. Its the second time the developer has upped its dividend this year – in March, it proposed a final dividend of 4.40p, an increase of 10.0 per [...]
Pret grows globally as £1 in every £4 now spent outside the UK

September 17, 2024

Pret a Manger may be a London lunchtime staple but it has made a firm push for international growth, with over a third of its stores and a quarter of its sales now in international markets. In its half-year results, the sandwich and coffee chain said its sales grew by 10 per cent year on [...]
Kingfisher shares soar: B&Q owner sales dip as customers shun ‘big-ticket’ items

September 17, 2024

B&Q owner Kingfisher has reported a “resilient” set of results after a series of profit warnings last year, but weaker sales in France continued to weigh on profit. According to its half-year earnings for the six months ended 31 July 2024, sales fell by 1.8 per cent overall, to £6.75bn from £6.9bn, while gross profit [...]
Deliciously Ella acquired by Swiss firm as it looks to expand

September 16, 2024

Healthy snack company Deliciously Ella has been acquired by the Swiss firm Hero Group for an undisclosed sum. Deliciously Ella founders Ella Mills and Matthew Mills, who is chief executive of the brand, will remain with the company “as they lead the next stage of growth”, Hero said. The couple said: “We are both incredibly [...]
West End: Tourist tax ‘disadvantage’ costs retailers hundreds of millions

September 16, 2024

Retail business in London missed out on a projected £220m in the first half of 2024 due to the ongoing effect of the so-called tourist tax, despite continued growth in international visitor numbers. The number of international visitors to London was three per cent above pre-pandemic levels, but spending in the West End fell nearly [...]

Iceland boss calls for profit cap on energy firms as prices surge

Clubs like Chelsea won’t be able to hide from regulator scrutiny

We road test RDR, Star Wars Outlaws and Fallout 4 on Switch 2

By: Amber Murray

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