Labour promise to replace business rates with property taxes April 9, 2024 Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders April 9, 2024 Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting.
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Shell looking at “all options” on “undervalued” London listing April 8, 2024 Wael Sawan, the head of the largest company on the FTSE 100, described London as an "undervalued location".
Sports Direct ramps up London presence as Mike Ashley’s Frasers backs physical retail April 8, 2024 Frasers Group plans to open two Sports Direct stores in both London Westfield shopping centres, as the retail behemoth continues to back physical retail
European Green Transition hits London Stock Exchange on rare metal hopes April 8, 2024 The self-described ‘green economy asset developer carries a market capitalisation of £14.5m.
Sadiq Khan’s London Growth plan is based on optimism (and little else) April 8, 2024 Sadiq Khan's grand plan for London is based on an optimistic fantasy of what a Labour government will bring, writes Eliot Wilson.
Majestic saves Vagabond’s wine bars – but one London branch to shutter April 5, 2024 Retailer Majestic Wines has bought Vagabond Wines out of administration, saving nine of its wine bars from closure.
Wet weather puts a dampener on footfall recovery in March April 5, 2024 The Easter bank holiday weekend was not enough to help significantly drive footfall in March, as wet British weather put another dampener on high street recovery.