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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Most retailers will hike prices in response to Reeves’ NI Budget raid

January 15, 2025

Two thirds of CFOs have said their business will be forced to raise prices as a result of higher wage bills, according to a new survey. Around 70 per cent of respondents to the survey, which looked at the attitudes of CFOs at 52 retailers, were “pessimistic” or “very pessimistic” about trading conditions over the [...]
UCL expands footprint in One Canada Square

January 14, 2025

UCL School of Management has announced it will expand its facilities at Canary Wharf as the financial services hub continues to diversify its offering. The UCL school at One Canada Square, which offers undergraduate, postgraduate, executive and PhD programmes, will occupy two additional floors on levels 48 and 49 for staff, teaching and learning spaces. [...]
Card Factory: Shares ‘should rise rapidly’ after successful Christmas

January 14, 2025

Shares in Card Factory rose more than five per cent after the retailer reported festive growth ahead of the wider market. Revenue rose 4.7 per cent in November and December, driven by a higher average spend on sweets and toys. Total sales for the 1 months ended 31 December, 2024, reached £506.6m, up 6.2 per [...]
Surging gold price helps pawnbroker Ramsdens to record profit

January 14, 2025

Ramsdens has delivered a record profit thanks to the surging gold price and demand for its pawnbroking services. The retailer, which offers financial services as well as pawnbroking, told markets this morning that revenue rose 14 per cent in the year to September 30, to £95.6m from £83.8m in 2023. Gross profit rose 13 per [...]
Ocado shares surge after online grocer reports record-breaking year

January 14, 2025

Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado [...]
JD Sports shares plunge after retailer warns on profit

January 14, 2025

JD Sports shares plunged more than 12 per cent this morning after the company issued a profit warning. The FTSE 100 giant forecast full year profit before tax at between £915m and £935m, down from its previous estimate of £955m to £1.035bn. This morning, the retail giant told markets sales fell 1.5 per cent across November [...]
EG Group: From a Bury service station to a $13bn IPO

January 14, 2025

EG Group is set to end 24 years as a private company with a $13bn float on the New York Stock Exchange, according to reports. Co-founder of EG Group and current non-executive, Zuber Issa, told the Sunday Times that “the road map is starting now” on an IPO, with the float expected to complete this [...]
UK consumer confidence may struggle to ‘ride out’ uncertainty

January 13, 2025

Consumer confidence ended 2024 on a high, but analysts have warned that it might not be able to ride out a wave of economic uncertainty this year. Confidence was at its highest since April 2021 in December, according to Yougov’s and CBRE’s monthly consumer confidence survey. Business activity, optimism about the future, and perceptions of [...]
Why are returns on residential property falling in the UK?

January 13, 2025

The amount of money sellers are making from residential property in the UK has shrunk to its lowest level in a decade, as a years-long boom in house prices slows, according to new figures. After years in which London property has delivered bumper returns for investors and homeowners, the slowdown has been felt most acutely [...]
Property analysts forecast strong spring as stamp duty deadline looms

January 10, 2025

Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Bentley Continental GT review: Luxury coupe with a sporting side

By: Amber Murray

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