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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Vinted mulls share sale that could value platform at £3.8bn

July 31, 2024

Vinted has reportedly contacted investors about a share sale which could value the company at as much as £3.9bn.
Wickes: Brits still holding back on big-ticket items as DIY goods preferred

July 31, 2024

Wickes reported a mixed set of results for the half of the year, with consumers still unwilling to spend on big-ticket items but happy to buy DIY retail goods. Overall group sales fell by 3.4 per cent in the 26 weeks to June 29 at the London-listed company. Revenue in the second quarter fell by [...]
Just Eat: Brits lead the way for takeaway giant as revenue dips

July 31, 2024

Brits willing to shell out cash on takeaways fuelled Just Eat in the first half of the year, but negative growth in north America and southern Europe led to a dip in revenue overall. Total revenue dropped by one per cent at the takeaway giant year on year in the first half of 2024, while [...]
GSK: Pharma giant raises guidance after second quarter sales give shot in the arm

July 31, 2024

London-listed pharma giant GSK has raised its guidance after a strong second quarter beat market expectations, boosted by its cancer and HIV portfolio. Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year. Core operating profit at the pharma company rose by 18 per cent on [...]
Greggs: Sausage roll-co breathe sigh of relief with ‘no plans’ to raise prices in 2024

July 30, 2024

Greggs has confirmed there are no plans to raise prices for the rest of the year, as London sausage roll-loving commuters breathe a sigh of relief. Chief executive Roisin Currie confirmed the news this morning are previous price increases of 5p for products were driven by wage increases, she said. The bakery boss added that [...]
WPP: Ad giant names former BT boss Jansen as new chair to navigate AI challenges

July 30, 2024

Advertising giant WPP has appointed the former BT boss Philip Jansen as its new chair after a long search for a steady hand to help it navigate a difficult time. The rise of AI has caused upheaval within the industry, as it must adjust to a new set of tools which can replace many of [...]
Selfridges chief quits in surprise move for struggling retailer

July 30, 2024

The chief executive of Selfridges has unexpectedly quit, having been in the job since the start of the pandemic. Andrew Keith, who joined in 2020, will leave the company that owns the famous flagship London store to pursue new ventures in Autumn this year. He has been operational as CEO for three-and-a-half years, having been [...]
Games Workshop: ‘Exciting times’ as Warhammer-maker posts best-ever results

July 30, 2024

Warhammer maker Games Workshop has reported its best-ever set of results as revenue grew by 11.1 per cent to £494.7m for the 53 weeks ended June 2.
Greggs: Bakery chain on a roll as sales up once again

July 30, 2024

Greggs' total sales for the 26 weeks to June 29 reached £960m, crediting the boost in numbers to a partnership with Uber Eats and the roll-out of its evening trade plan.
We’re (not) lovin’ it: McDonald’s posts first sales drop since 2020

July 29, 2024

Fast-food giant McDonalds posted a global sales drop of one per cent year on year in the three months to the end of June.

Interest rates set to be held as Bank backs ‘defensible strategy’

Sir James Dyson buys 50 per cent stake in top flight English sport club

Pairing wine with spicy food at London restaurants KOL and Gunpowder

By: Amber Murray

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