Marks & Spencer’s top 10 festive favourites: slow-cooked turkey, shortbread snow globes, light-up gin and shapewear to hold it in! January 12, 2023 Marks and Spencer saw a record Christmas trade during the latest festive period, with a record £80m sales alone on 23 December, the last Friday before Christmas. Incoming CEO Stuart Machin can also take comfort in a 7.2 per cent rise in the clothing and home category to £3.6bn. But it was the retailer’s Christmas [...]
The Traitors US lands in UK very soon – here’s everything we know January 12, 2023 The Traitors was the surprise TV hit of the Christmas season and now fans are delighted that the show will return this month. The original BBC series is available to watch on iPlayer still and was presented by Strictly Come Dancing presenter Claudia Winkleman. The psychological ‘Whodunnit?’ show saw celebrities pitted against each other. Each [...]
This isn’t just a good Christmas: M&S retains ‘top turkey’ title as festive sales spike January 12, 2023 Once-troubled M&S continues to deliver positive news to investors with turkey sales helping give the firm a healthy Christmas period
Asos’ UK sales slip as analysts warn firm has a “mountain to climb” January 12, 2023 Pandemic darling Asos reported a further decline in UK sales this morning, with the fast fashion flagship’s boss insisting the firm was making good progress on a turnaround plan. UK sales slipped eight per cent year on year in the four months into December 31, with the firm blaming “weak consumer sentiment.” Fast fashion firms, [...]
Tesco: Bumper Christmas sales will put shares in the spotlight this morning January 12, 2023 TESCO enjoyed a bumper Christmas period, it told markets this morning, with like-for-like sales up nearly 8 per cent despite bruising economic headwinds. The supermarket told markets this morning it had seen customers switching to Tesco across December. The boost meant revenues hit a cool £19.7bn in the UK and Ireland for the quarter to [...]
Exclusive: High Street queen Mary Portas says retail’s 2022 race to the bottom is finally over January 12, 2023 City A.M. sits down with the 'Queen of retail', or Madam High Street, retail consultant and broadcaster Mary Portas.
London holding off UK recession but businesses sweat over inflation January 12, 2023 London appears to be withstanding the UK’s wider economic decline, with businesses hiring at a record pace and expecting their finances to fatten up over the coming year, a new survey out today reveals. The capital’s jobs market is running at red hot levels, according to the London Chambers of Commerce and Industry’s (LCCI) latest [...]
FTSE 100 close: JD Sports springs London flagship index to 2018 high January 11, 2023 London’s FTSE 100 index leapt to its highest level since 2018 in afternoon exchanges in the City today after a series of strong retailer earnings signalled the UK consumer is holding up well amid the cost of living crunch. The FTSE 100 index climbed 0.99 per cent to 7,770 points, while the domestically-focused mid-cap FTSE [...]
On the right track? Rail boss optimistic but blames RMT for stalled talks after rejecting pay deal January 11, 2023 The RMT recommending its members vote against Network Rail’s improved offer hasn’t helped negotiations progress, the company’s chief negotiator Tim Shoveller told MPs today. Union members walked out between 6pm on Christmas Eve and 6am on 27 December as well as throughout last week after they rejected a 9 per cent pay offer. As part [...]
Mirror Group owner Reach’s shares tumble as it axes 200 jobs in £30m cost savings drive January 11, 2023 Daily Mirror and Express publisher Reach is to axe 200 jobs as part of major cost-cutting following a slump in advertising revenue. Shares in Reach plummeted by a quarter on Wednesday morning after a downbeat update from bosses. The company told staff would be cutting further roles across all parts of the business as it [...]