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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M&S: City broker slashes share price target on lower profit prospects

January 10, 2025

Berenberg has downgraded its share price target for Marks and Spencer following lower estimates of long-term growth for the high street darling. The broker downgraded its price target from 410p to 384p, a cut of six per cent, due to a decrease in its profit estimate. “The potential for upside surprise now looks more limited [...]
M&S, Greggs and Sainsbury’s shares slide on shaky outlook for UK economy

January 9, 2025

Marks & Spencer (M&S), Greggs, Sainsbury’s and B&M shares have all slumped today after investors took fright at warnings of a slowdown in consumer spending over the next year. Aside from Sainbury’s, whose results will be announced on Friday morning, all the firms released solid earnings updates this morning, with M&S reporting an 8.7 per [...]
Canary Wharf life science hub appoints contractor to transform Elizabeth Line-linked site

January 9, 2025

Construction services organisation Morgan Sindall has been appointed lead contractor for a huge office-to-labs conversion in Canary Wharf. The plans for 17 Columbus Courtyard (17CC), which were approved by Tower Hamlets in 2023, will see the existing building transformed into a new state-of-the-art life science and technology hub. When the building is completed in 2026, [...]
London commercial property starts year strong with huge Baker Street let

January 9, 2025

A British-based property company has fully let a Baker Street office space at a significant premium to the estimated value in an excellent start to the commercial market in 2025. Derwent London has pre-let 204,300 sq ft of office space to five tenants at its 25 Baker Street W1 development, which will complete later in [...]
Tesco shares drop despite bumper Christmas trading

January 9, 2025

Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
Marks and Spencer shares plunge despite bumper results

January 9, 2025

Marks and Spencer shares plunged by eight per cent in early deals this morning as investors digested the company’s Christmas trading update. The food and clothing retailer told markets this morning that food sales increased 8.7 in the 13 weeks to December 28, and sales of its new Christmas products grew 14 per cent. This [...]
The femtech revolution is just getting started – but who are the real winners?

January 9, 2025

What is so revolutionary about femtech? A once-niche term that, since coined by entrepreneur Ida Tin in 2016, has become synonymous with the future of healthcare and technology. The concept quickly struck a chord with the broader healthtech landscape, tapping into an underserved market for women’s health. The industry has witnessed exponential growth over the [...]
Shein’s ‘evasive’ performance triggers fresh fury from campaigners

January 9, 2025

Human rights groups have launched fresh attacks on the fast fashion firm Shein after a representative of the firm repeatedly dodged questions from MPs over where it sourced materials for its clothing. During a Business and Trade Select Committee hearing on Tuesday, Shein’s London-based general counsel for EMEA, Yinan Zhu, repeatedly failed to give a direct answer [...]
UK hotel sector warns on inflation despite pre-Christmas boost

January 8, 2025

Occupancy rates at UK hotels rose last November in a pre-Christmas boost, but higher prices have again raised fears about inflation. The average occupancy rate of UK hotels rose from 76.6 per cent to 79.1 per cent in November year-on-year, while London also saw an increase from 79.6 per cent to 82.8 per cent in [...]
All change at Topps Tiles as sales return to growth and its chief retires

January 8, 2025

Topps Tiles reported a return to sales growth during the golden quarter driven by trade demand, while its chief executive Rob Parker announced his retirement from the firm after five years at the helm. Sales in the golden quarter were up 4.6 per cent year on year, while sales in the shorter festive period – [...]

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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