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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Swiss watch exports plummet after tariff uncertainty hits sales

June 19, 2025

Swiss watch exports fell significantly in May after anticipation of steep tariffs caused a downturn in the US market. Exports fell 9.5 versus May, according to new figures from the Federation of the Swiss Watch Industry (FH), reversing a recovery in sales that has been brewing since the start of the year. The market for [...]
Morrisons boosts sales amid looming ‘trolley wars’

June 19, 2025

Supermarket giant Morrisons has posted an increase in sales as it works to offload debt and compete in an ever-tougher sector. Like-for-like sales rose 3.9 per cent in the second quarter of the year, while total sales grew 4.2 per cent to £3.9bn. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.2 per [...]
Premier Inn owner Whitbread sees UK sales falter amid shake-up of pub business

June 19, 2025

Hospitality giant Whitbread has reported a downturn in UK sales amid a “challenging market backdrop” and a restructure of its pub and restaurant business. The Premier Inn-owner told markets this morning that overall sales in the UK fell five per cent in the first quarter of the financial year, driven by a 16 per cent [...]
Number of UK homes worth more than a million has doubled since 2019

June 19, 2025

The number of homes in the UK priced at £1m or above has doubled since the start of the pandemic as the housing market continues its upward march. Just over five per cent of homes for sale across the UK are now priced at over a million pounds, versus just under three per cent in [...]
Young Brits drive consumer confidence up while high-income households cut back

June 19, 2025

A confidence boost amongst Gen Z Brits drove an improvement in consumer confidence in June while wealthier households held back, according to new data. Overall confidence about the state of the UK’s economy improved to -38 in June, up from -36 in May, according to the British Retail Consortium (BRC). Brits’ confidence about their personal [...]
Sales of London mansions falter amid low confidence and non-dom exodus

June 19, 2025

The average price of London mansions fell further in May as buyers stayed away from the market amid a downturn in confidence. Average prices fell by 3.2 per cent year on year, according to data from Lonres, while transactions fell 35.8 per cent year on year. Transactions for homes over £5m fell 14.7 per cent [...]
Danish bakery Ole & Steen brews up success with buns on demand

June 18, 2025

International bakery Ole & Steen has reported a double-digit uplift in sales, boosted by online deliveries to business and consumers. Turnover grew five per cent last year after a strategy revamp, with revenue increasing to £36m from £34m in 2023. UK managing director Graham Hollinshead said the company has “firmly re-established [its] position as London’s [...]
House prices slump in April: ‘Supply is beginning to outweigh demand’

June 18, 2025

UK house prices fell in April as affordability issues constrain demand following the end of the stamp duty holiday in March. House prices fell 2.7 per cent month on month in April, according to the Office for National Statistics (ONS). Prices increased by 3.5 per cent to £265,000 in the 12 months to April 2025, [...]
AO World: Record earnings after Music Magpie acquisition

June 18, 2025

AO World has reported better-than-expected revenue growth after its acquisition of Music Magpie and an expansion in its membership scheme helped boost the figures. The electrical retailers told markets this morning that life-for-like adjusted profit before tax grew 32 per cent to £45m in the year ended March 31, above the top end of its [...]
Reeves to invest billions in a new housing bank for UK builders

June 17, 2025

The government has announced plans to create a new national housing bank to encourage private investment and boost housebuilders. It says the bank, which will provide £16bn of new public investment, will unlock over £53bn of private investment over the next decade and help to build hundreds of thousands of homes. The £16bn investment includes £10.5bn [...]

‘Drastic’ Dave to serve up new vision for Guinness maker Diageo

Six Nations in-game ads pave way for football to be split into quarters

London Sports Festival Returns to the Capital

By: Amber Murray

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