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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Hospitality firms are bracing for the return of inflation

November 21, 2024

October’s inflation figure has worried hospitality firms. While it is not too far above target – 2.3 per cent versus the sweet spot of two per cent – and one month does not constitute a trend, it has exacerbated concerns companies already had about the future of their industry. There are two reasons hospitality is [...]
Bond Street moves into third for world’s most expensive retail spot

November 20, 2024

Bond Street has leaped-frogged Tsim Sha Tsui in Hong Kong to take bronze in a list of the world’s most exclusive retail streets. The shift bucks bucks fears about the decline of brick-and-mortar retail on the high-street and the so-called tourist tax, which has faced campaigners’ calls for scrappage. The average rent on Bond Street [...]
London rents rise again as Savills warns of double-digit UK increase

November 20, 2024

Analysts have warned rents are being pushed to unsustainable levels amid another yearly jump and concerns there is no natural plateau in sight. The average UK private rent rose by 8.7 per cent in the year to October, up from 8.4 per cent in the year to September, according to the ONS. The increase was [...]
J20-maker Britvic boosted by non-alcoholic shift before Carlsberg deal

November 20, 2024

A shift towards healthier drinking patterns has driven Britvic to new heights this year ahead of its acquisition by Carlsberg. Britvic told markets this morning revenue in the year to September 30 increased 9.5 per cent to £1,89bn. Adjusted earnings before interest and tax (EBIT) increased 15.2 per cent to £250.9m, while EBIT margin increased 60 basis [...]
Crest Nicholson: Housebuilder pivots away from low-margin affordable homes

November 20, 2024

Housebuilder Crest Nicholson has said it will trade away from low-margin sites – like affordable homes – as it looks to shore up its balance sheet after a tough year. Crest told markets this morning, it built 1,873 homes in the year ended October 31, of which 45 per cent were affordable – just under the [...]
Analysts say Frasers ‘was right’ about Mulberry as it faces long road to recovery

November 19, 2024

Analysts have painted a grim picture for the future of British luxury fashion brand Mulberry, which announced its half-year results this morning. It implied job cuts with talk of “streamlining” the business, and told markets that retail sales and revenue dropped 17 per cent and 19 per cent, respectively. Its share price fell 10 per [...]
Why a 24 per cent drop in insolvencies is not all it seems

November 19, 2024

At first glance, the Government’s new figures on insolvencies appear cheery, with the number of companies going bust over the last year down 24 per cent, from 2,293 to 1,747. But analysts have suggested figures may have more to do with falling interest rates than the general health of the economy, in addition to warning [...]
Are job cuts on the horizon at struggling luxury giant Mulberry?

November 19, 2024

Struggling luxury brand Mulberry has announced it will streamline and rebuild the business as its profit continues to fall, signalling possible job cuts. Mulberry told markets this morning that UK retail sales fell by 14 per cent in the six months to September 28. Sales in Asia fell 31 per cent, while group sales overall [...]
Revolution Beauty struggles with excess stock as turnaround on horizon

November 19, 2024

Revolution Beauty reported another drop in revenue after a tricky few years, although it is eyeing 2025 for a resurgence with its ‘core’ groups of brands. Group revenue fell 20 per cent, driven by the “planned simplification of the product portfolio and the discontinuation of unproductive SKUs [stock]”, Revolution said. It said revenue growth from [...]
Imperial Brands’ bet on e-cigarettes and ‘next generation’ products bears fruit

November 19, 2024

Tobacco giant Imperial Brands has reported a dip in revenue despite double-digit growth in its electronic cigarettes division and growth in its traditional tobacco division. The company told markets this morning that net revenue from tobacco and ‘next generation’ products rose 4.6 per cent in the year ended September 30. Adjusted earnings per share rose [...]

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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