Kemi Badenoch not planning to announce big policies for two years January 9, 2025 Kemi Badenoch is reportedly not planning to announce big policies for the next two years as she plans to focus on rebuilding voters’ trust. The Conservative leader is said to have told her shadow cabinet on Tuesday that she has a “three-year plan” based on transforming her party’s fortunes following the July election defeat, according [...]
Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
Marks and Spencer shares plunge despite bumper results January 9, 2025 Marks and Spencer shares plunged by eight per cent in early deals this morning as investors digested the company’s Christmas trading update. The food and clothing retailer told markets this morning that food sales increased 8.7 in the 13 weeks to December 28, and sales of its new Christmas products grew 14 per cent. This [...]
Mark Kleinman: Ratcliffe’s cost-cutting results in Manchester Disunited January 9, 2025 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles Ratcliffe’s own goal, Shawbrook setting the tone and a FTSE 100 Doomsday clash over pay Ratcliffe’s cost-cutting results in Manchester Disunited Sir Jim Ratcliffe might not like to admit it, but 2024 [...]
Dear government: Ecommerce isn’t killing the high street, rigid thinking is January 8, 2025 To revitalise the high street, the government needs to stop thinking as ecommerce as the enemy, writes Jordan Sullivan.
Johnson Matthey wades into US activist campaign row January 8, 2025 Johnson Matthey has entered the public spat brewing over an activist campaign from its largest investor, attempting to reassure markets it has been taking concerns over its share price seriously. In a withering letter yesterday, US industrials investor Standard Investments slammed the chemicals group’s board for a “continued lack of urgency and incapacity” over its [...]
‘Untrue and defamatory’: Ian Rosenblatt hits back after troubled listed legal firm RBG ousted him January 8, 2025 Listed legal business RBG Holding, which has seen its shares drop to record low levels, has ousted the founder weeks after he called for the removal of the CEO
UK hotel sector warns on inflation despite pre-Christmas boost January 8, 2025 Occupancy rates at UK hotels rose last November in a pre-Christmas boost, but higher prices have again raised fears about inflation. The average occupancy rate of UK hotels rose from 76.6 per cent to 79.1 per cent in November year-on-year, while London also saw an increase from 79.6 per cent to 82.8 per cent in [...]
Hornby: Mike Ashley-advised toy train giant steams ahead after festive boost January 8, 2025 Hornby, the international toy company advised by billionaire Frasers Group founder Mike Ashley, reported a boost in sales thanks to a bumper festive season and first-time customer attraction. The international models and collectables group told markets today it witnessed a seven per cent surge in group sales for the third quarter ended 31 December. Group sales for [...]
All change at Topps Tiles as sales return to growth and its chief retires January 8, 2025 Topps Tiles reported a return to sales growth during the golden quarter driven by trade demand, while its chief executive Rob Parker announced his retirement from the firm after five years at the helm. Sales in the golden quarter were up 4.6 per cent year on year, while sales in the shorter festive period – [...]