Burberry shares crater after luxury goods profit warning January 12, 2024 Burberry now expects adjusted operating profit for the financial year ended 30 March 2024 to be in the range of £410m to £460m.
Fortnum and Mason heralds ‘resurgence of shopping in real life’ as it sells 700k packets of posh biscuits January 11, 2024 Fortnum & Mason sold over 700k packets of posh biscuits over Christmas, as shoppers traded up over the festive period.
PS5s and perfumes boost seasonal sales at The Very Group January 11, 2024 Christmas ales at retailer The Very Group were boosted by the popularity of games consoles and perfumes, it has been revealed.
Election uncertainty to squeeze London IPO market again as listings slump to 13-year low January 11, 2024 Elections in the UK and US are set to squeeze the initial public offering (IPO) market again this year after new floats in London cratered to a 13 year low in 2023, EY has said. The London Stock Exchange saw just 23 new firms listing on the market last year, a 49 per cent slide [...]
Whitbread: Premier Inn owner keeps beating rivals as London hotel occupancy soars January 11, 2024 Whitbread said overall food and beverage sales for the third quarter was at £187.9m, lower than the previous two quarters
London Heathrow airport has its busiest ever December as transatlantic travel booms January 11, 2024 Heathrow reported its busiest ever December this year, driven by booming demand for transatlantic travel and a bumper Christmas.
Tesco: Britain’s biggest supermarket raises profit guidance as shoppers trade up over Christmas January 11, 2024 Britain’s biggest supermarket Tesco has upgraded its profit guidance for the year off the back of a strong Christmas performance.
Marks and Spencer: Good Christmas gives retailer a ‘spring in its step’ as food sales rocket to £2bn January 11, 2024 Marks and Spencer has maintained its guidance for the year after it racked in over £2bn in food sales over the Christmas period.
Ed Warner: Ratcliffe’s Manchester United deal is Christmas gift that keeps on giving January 11, 2024 Our columnist on the British billionaire's big bet on his boyhhod football club.
Worst corporate jargon of the week: Touch base January 11, 2024 It's January and finally time to 'touch base' with everyone you said you would in December. Join City A.M. in taking a stand.