Footasylum share price halved after second profit warning in a year September 3, 2018 Shares in Footasylum have plummeted this morning after the company said it will make a loss in the first half of the year. The sportswear retailer said that squeezed margins and higher investment costs would weigh on earnings for the full year, while revenue is now expected to be below market expectations. Shares fell 47 [...]
First-time buyers swoop in during summer lull August 30, 2018 First-time buyers jumping onto the property ladder rose to an eight-month high in July, as hopeful homeowners took advantage of the housing market’s traditional summer slump. Roughly 30 per cent of all house sales were made to first-time buyers in July, rising from 23 per cent in the same month last year, according to new [...]
Change is coming. Are you ready to reinvent yourself and your business? August 28, 2018 You can't keep good people down. That’s the takeaway from Usain Bolt’s decision to hang up his running shoes and don his football boots with Australian club the Central Coast Mariners. He used his 32nd birthday last week to practice with the club for the first time and, in so doing, reinvents himself from an [...]
Feeling thirsty? London is getting 20 new drinking fountains at train stations and shopping hotspots August 28, 2018 The summer heatwave might be nought but a distant memory now, but if the capital sees the sun again this side of Christmas Londoners will be thankful for 20 new water fountains coming to train stations, shopping centres and museums around the city. Four of the Mayor of London's watering holes (we don't mean pubs) are [...]
Welcome to the 2017 edition of Giving magazine August 24, 2018 We proudly present the fourth edition of Giving, City A.M.’s annual magazine about world philanthropy and giving trends both inside and outside of London. Every year, as Christmas gets closer and the days grow shorter, family, friends and colleagues come together, and parties and presents are at the top of our minds. Simultaneously, feelings of [...]
High up in the Himalayas, a brave Laura Ivill undergoes yoga’s most drastic cleansing routine… August 13, 2018 In the foothills of the Indian Himalayas, high above the Ganges, I’m sitting with yogi Sandeep Agarwalla. We both have our fingers in our ears and are making the sound of a bee – a practice called brahmari. Around us, butterflies and birds are flitting from tree to tree in the warm winter sunshine. It’s [...]
Retailers under pressure as the online revolution causes profit warnings to double to seven-year high | City A.M. July 22, 2018 The number of FTSE-listed companies issuing profit warnings rose by 13 to 58 in the second quarter, an increase of 29 per cent compared to the same period last year, according to an EY report published today. The rise was led by the retail sector of the FTSE index, where profit warnings for the first [...]
World Cup 2018: England are laying their ghosts – from penalty shoot-outs to bogey teams – to rest one by one in Russia July 8, 2018 Gareth Southgate is certainly no Ebenezer Scrooge and this endless summer could not be further removed from the wintry backdrop of A Christmas Carol, but there is something of Charles Dickens’ redemptive tale about England’s voyage into the last four of the World Cup. Just as Scrooge is transformed by visits from three ghosts, this [...]
Best ethical homeware brands in the UK: Fast fashion is a much-known scourge, but should we now look at the ethics of our furnishings? July 5, 2018 Did you know that the global fashion industry is on track to consume over a quarter of the world’s annual carbon allowance by 2050? Stella McCartney does and she’s been travelling the world with sailing wonderwoman Dame Ellen MacArthur shouting about it for the last couple of years now. Perhaps that’s why so many more [...]
Philip Morris UK MD Peter Nixon interview: How Britain can go smoke-free July 2, 2018 After tobacco giant Philip Morris International made a bold commitment to push for a "smoke-free world" earlier this year, City A.M. sat down with Peter Nixon, PMI's managing director for the UK and Ireland. Q. As a tobacco company, why have you been so vocal about trying to eliminate smoking? A. It’s the right thing [...]