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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UK office market fails to keep up with European upswing in property values

November 13, 2024

The value of commercial property has risen for the first time since mid 2022 in Europe, although the UK office market bucked the trend and failed to show gains. Overall, property values rose by 0.63 per cent in the third quarter of 2023, following eight consecutive quarters of decline. European property prices have been hit [...]
Struggles continue at Asda as new owner looks to turn around supermarket giant

November 12, 2024

The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]
Arthouse cinema chain Curzon acquired by Fortress

November 12, 2024

UK arthouse cinema chain Curzon has been acquired by US-based Fortress Investment Group The deal, which has been agreed for an undisclosed sum, includes the firm’s cinemas, film distribution company and online streaming service. It’s the latest acquisition of a UK company by a US buyer, with a strong dollar and low British valuations attracting [...]
Astrazeneca: FTSE 100 giant shrugs off China worries with profit upgrade

November 12, 2024

Pharmaceuticals giant Astrazeneca has reported double-digit sales growth on higher demand and said it remains committed to China despite the detention of a high-ranking staff member there. The FTSE 100 firm told markets this morning that total revenue rose 19 per cent to $39.2bn (£30.6bn) in the first nine months of the year. The London-listed [...]
Harrods faces major Christmas strike as staff demand inflation-busting festive bonus

November 11, 2024

London’s iconic department store Harrods is facing the prospect of major strike action by its staff over the critical Christmas period. Hundreds of staff, who are members of the United Voices of the World (UVW) union, will vote on strike action in December over what they have described as “poor working conditions” and their festive [...]
Burberry braced for Moncler takeover as staff given heads up

November 11, 2024

Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London stores being given a heads up on the deal, according to reports. Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both [...]
NHS supplier Kainos reports revenue drop after lower public investment

November 11, 2024

London-listed software provider Kainos has reported a drop in revenue amid a tough trading environment and delays to public investment after the general election. Kainos, which is a key supplier to the NHS, reported revenue of £183.1m in the first half of the year, down five per cent year on year. Profit before tax rose 11 per cent [...]
London Heathrow Airport set for busiest year ever after record October

November 11, 2024

London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers. “This year has been [...]
Pizza Pilgrims’ co-founder on creating the perfect base for strong growth

November 8, 2024

Pizza Pilgrim's co-founder Thom Elliot has hospitality in his veins. In just over a decade, he and his brother James have gone from growing up above a pub in Cornwall to opening their 25th pizzeria this November.
Festive advertising set to reach record high this Christmas

November 7, 2024

Corporate spending on advertising is set to reach a record high this Christmas as brands look to cash in on consumers’ appetite for festive storytelling. Companies are set to spend a record £10.5bn in the UK on advertising over the Christmas season, according to industry trade body the Advertising Association and data provider WARC. Many [...]

Nine in ten hospitality job switchers quit the sector

Alpine boss confirms four potential buyers, including Mercedes, for F1 team

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Amber Murray

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