Virgin Wines returns to black as subscription sign ups soar July 25, 2024 Virgin Wines has returned to profitability despite a "challenging" backdrop, with its wine subscription service helping to offset its increased running costs.
Hammerson: Shopping centre giant hit with £500m loss after selling stake in Bicester Village July 25, 2024 British shopping centre giant Hammerson has taken a £500m loss on the £1.5bn deal to sell its share in the company behind Bicester Village, according to just-filed documents.
Square Mile and Me: Berry Bros CEO Emma Fox on retail, her career and wine July 25, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Berry Bros CEO Emma Fox, who is also executive director at The City Pub Group and formerly held senior roles at Halfords and Walmart Canada, takes us through her sparkling career What was your first job? Potato picker over the [...]
Mark Kleinman: Is troubled Burberry heading for a chequered flag? July 25, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]
Frasers Group: Four charts that show how Mike Ashley’s empire took over the high street July 24, 2024 Analysts are predicting Frasers Group will only continue to grow. Here’s four charts showing how it got there.
Profit cut at Mercury Prize and Official Charts owner despite BRIT Awards success July 24, 2024 The organisation behind the Mercury Prize and that co-owns the Official Charts Company saw its profit cut during 2023 despite the financial success of the BRIT Awards.
Diriyah: The Historic Heart of Saudi Arabia will Transform Urban Living July 24, 2024 Diriyah is one of a number of extraordinary giga-projects funded by Saudi Arabia’s Public Investment Fund. Mohamed Saad, President of Diriyah DevCo, tells Inside Saudi about the luxury residences and hotels that are being built in Diriyah, Diriyah’s Harrods activation and opportunities for international investors. Jack Dickens (JD) – Tell us about your role as [...]
Interactive Brokers is ready to shake up the UK trading market July 23, 2024 “Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told City A.M., “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]
Fuller’s pub chain optimistic on easing inflation and urges business rates cut July 23, 2024 Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
Irene Forte on success, sustainable skincare and scaling up July 23, 2024 Ambition A.M. meets Irene Forte, daughter of English hotelier Sir Rocco Forte and founder of Irene Forte Skincare to hear how she found her own recipe for entrepreneurial success. It is not hard to understand how growing up in the shadow of a successful parent can be overwhelming.That’s why Irene Forte, daughter of English hotelier [...]