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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Gen Z are leading the way on luxury spirits

November 27, 2024

For a generation who famously do not drink as much as their parents or grandparents, unlocking the spending habits of Generation Z on alcohol occupies a remarkable amount of brands’ time. For spirits brand Diageo, who own brands like Johnnie Walker whiskey and Don Julio tequila, the answer can be found in the post-pandemic shift [...]
Pets at Home: Shares crater after retailer predicts slow growth in ‘subdued market’

November 27, 2024

Animal care retailer Pets at Home described the market as subdued due to cautious consumers, and said it will grow more slowly than expected in the next six months – despite a big hit from the Budget. Shares fell more than 10 per cent in early trades, with the retailer’s share price now down nearly [...]
Tesco Clubcard and Sainbury’s Nectar schemes do help consumers, regulator says

November 27, 2024

A year-long probe into UK supermarkets’ pricing practices has found “very little” evidence that shoppers are being treated unfairly with loyalty programmes such as the Tesco Clubcard scheme and Sainsbury’s Nectar points. The Competition and Markets Authority (CMA) probe, which has been ongoing since November last year, investigated whether supermarket loyalty schemes cause inflation by faking the [...]
Mitchells & Butlers: All Bar One operator set for £100m Budget tax hit

November 27, 2024

All Bar One owner Mitchells & Butlers has become the latest hospitality business to warn of higher costs due to the tax changes outlined in Labour’s inaugural Budget at the end of October. The group made the comments within its full year results release for the year to 28 September 2024, which was published this [...]
London’s commercial property market to keep growing as staff ordered back to the office

November 26, 2024

The green shoots which sprang up earlier this year in London’s commercial property market look set to continue into 2025, with real estate companies looking at a “cyclical growth opportunity”. London-listed property development firm Helical reported a minor recovery in the value of its property portfolio after several years of market uncertainty this morning. Its [...]
Compass: European deals on the cards as growth accelerates

November 26, 2024

Catering company Compass has reported double-digit growth in 2024 as it looks to grow its presence in Europe. Compass told markets this morning that underlying revenue grew by 10.6 per cent, to $42.2bn (£33.6bn) in the year ended 30 September, up from $38.1bn last year. Underlying operating profit grew 16.4 per cent year on year, from $2.6bn [...]
AO World: Double-digit growth ahead of musicMagpie deal

November 26, 2024

Electrical retailer AO World has announced double-digit growth in retail revenue and operating profit as it continues its “laser focus” on cost and efficiency ahead of its acquisition of musicMagpie. Business-to-consumer retail revenue grew by 13 per cent year on year in the six months ended 30 September from £339m to £382m, AO World told [...]
Retail chief warns about return of inflation after tax-raising budget

November 26, 2024

The chief of the British Retail Consortium (BRC) has warned that tax-raising measures announced in the latest government may lead to the return of inflation in the UK. Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month. Shop price [...]
Khan unveils plan to make housing affordable for key workers

November 25, 2024

Mayor Sadiq Khan has launched a consultation on plans to make housing more affordable for Londoners. Khan has proposed rents based on 40 per cent of key workers’ average household incomes, with rent rises potentially linked to wage growth. The proportion of a key worker’s income needed to cover rent on a median one-bedroom property [...]
Black Friday: Amazon workers to strike on one of busiest retail days of the year

November 25, 2024

Amazon workers in more than 30 countries, including the UK and US, will strike this Black Friday in a protest against the labour practices of the tech giant. The strike, coordinated by the Make Amazon Pay campaign, is the fourth consecutive year of organised action. Protests will also take place in major cities in dozens [...]

British firm Stellanor snaps up data centre amid scramble for AI capacity

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The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Amber Murray

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