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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‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing

September 10, 2024

A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]
Grocery inflation stabilises, but Brits still concerned about shopping costs

September 10, 2024

Grocery inflation has returned to its downward trend but nearly two thirds of Brits remain worried about the rising cost of their shopping, according to fresh data. Annual grocery price inflation in the four weeks to 1 September fell to 1.7 per cent, down from 1.8 per cent in the previous four-week period, according to [...]
Mountain Warehouse to open 50 new sites after bumper profit

September 10, 2024

Mountain Warehouse is set to open another 50 stores next year as part of a rapid expansion plan after achieving a bumper profit last year. The new stores will take the outdoor leisure retailer’s total to around 370 stores across nine countries, according to the Times. It has already opened 20 new stores in the [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise

September 10, 2024

Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]
Inspecs: Eyewear maker ‘optimistic’ for the future despite revenue cut

September 10, 2024

Sales at eyewear manufacturer and distributor Inspecs have been cut after being hit by inflation and competitor acquisitions. However, the company added it remains optimistic about the future. The firm’s revenue for the six months ended 30 June, 2024, was down 7.3 per cent from £111.2m to £103m, compared to the same period in 2023, [...]
Competition watchdog takes interest in Carlsberg-Britvic merger

September 10, 2024

The competition watchdog announced this morning that it had opened the first stages of an investigation into the tie-up between Carlsberg and rival drinks brand Britvic. Danish brewing giant Carlsberg agreed to acquire the British soft drinks maker for £3.3bn in July, in a significant push into the UK non-alcoholic drinks market. The CMA has [...]
From Pizza Express to Channel 4: Who is Luke Johnson, Revolution Bars Group’s new chair?

September 9, 2024

After a lengthy restructuring process that included £12.5m in emergency funding, Revolution Bars has appointed Luke Johnson as its new chair. The former Pizza Express and Channel 4 chairman provided £3m of the financing and owns a 20 per cent stake in the company. He will replace outgoing chair Keith Edelman, whose nine years in the role [...]
Unite Students faces legal action over rats, mould and rubbish in flats

September 9, 2024

Hundreds of students across the country have demanded rent refunds from the UK’s biggest accommodation provider, citing problems ranging from rat infestations to dirty flats. Flat Justice, a not-for-profit tenants’ rights group, is currently leading multiple cases against Unite Students for blocks in London, Oxford, Coventry, Liverpool and Birmingham. A spokesperson for Flat Justice said [...]
Revolution Bars brings in industry veteran Luke Johnson to replace long-standing chairman

September 9, 2024

Revolution Bars has announced the appointment of well-known investor Luke Johnson as non-executive chairman of the struggling business. Johnson will replace Keith Edelman, who has served as chairman for the last nine years. Earlier this month, the pub and bar chain completed a comprehensive restructuring plan designed to steer the business back to profitability, which [...]
Bulmers and Tennent’s owner C&C reports revenue dip after IT issues

September 9, 2024

Drinks company C&C, which owns brands Tennent’s and Bulmers, has said earnings in the first half of its fiscal year have been “in line with expectations” as the group continues to recover from the software issues it experienced last year. The FTSE-250 firm said it expected net revenue to fall by three per cent for [...]

Aston Martin F1’s Stroll plays down questions over team principal Newey’s future

Luke Littler face trademark is ‘smart move’ but ‘not silver bullet’, say experts

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

By: Amber Murray

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