Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms February 8, 2024 Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, the Rolex seller said group revenue declined by one per cent to £397m in the third quarter, and in the UK and Europe it fell [...]
British American Tobacco slumps to £15.7bn loss as higher impairment charge on US brands wipes out profit February 8, 2024 British American Tobacco has said the size of its writedown on the value of its US brands has increased to £27.3bn.
Gaucho and M owner delivers juicy growth again despite consumer fears February 8, 2024 THE RESTAURANT group behind Gaucho and M consolidated a bumper post-pandemic year in 2022 with double digit profit growth in 2023
Prices in China fall at fastest rate since 2009 as risk of persistent deflation looms February 8, 2024 Plummeting food prices were the main drag on inflation, with prices falling 5.9 per cent year-on-year. Pork prices fell over 17 per cent.
Wielding pitchforks and flinging cow dung, the EU is beholden to angry farmers February 8, 2024 Caving into romanticised notions of the ancient farmers' ways of old won't give us the modern, climate-friendly agriculture we so desperately need.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
Mark Kleinman: His weekly column on Arrival, the CBI and Rishi’s latest wheeze February 8, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. To travel well, it’s said, is better than to arrive. Try telling that to shareholders in Arrival, the New York-listed (would-be) electric van manufacturer, whose journey hitching a ride since it [...]
Hiring this February? You’ll be more successful if you understand the priorities of today’s talent February 8, 2024 Chances are, some of the most talented people in your organisation are looking for a new job right now. You might even be looking for one yourself. After all, February is renowned for being a busy month for recruiting staff as managers take advantage of new hiring budgets granted at the start of the year. [...]
Bank urged to ‘release brake pedal’ as starting salary inflation drops to 34-month low February 8, 2024 Starting salary inflation slipped to its slowest rate since March 2021 and was comfortably below the series average
Labour’s plans for workers’ rights must ‘strike balance’, experts warn February 8, 2024 Labour’s plans to beef up workers’ rights must “strike a balance” between the needs of firms and staff, bosses and experts have told CityA.M.
