FTSE 100 live: London rallies as Arm soars on US debut and Warhammer maker’s share price rises September 15, 2023 London’s FTSE 100 enjoyed a strong end to the week, as the global stocks rally continued with a stable showing from Wall Street and an improvement in China. The capital’s premier bluechip index ended the day well at over 7,30 points, more than 0.6 per cent up, having reached a high of 0.89 per cent [...]
M&S turned it around and is now in FTSE 100. Here’s why John Lewis is so far off September 14, 2023 The John Lewis Partnership has had a torrid day, following an announcement it will push its turnaround plan back by two years. It’s the latest bit of bad news that has seen it fall further behind rival Marks and Spencer, whose high street revival recently raised its profit outlook after pivoting towards clothing and homeware. [...]
H&M West End: Flagship London store starts recycling drive with ‘clothes ready to be loved again’ September 14, 2023 Fast fashion retailer H&M is to sell secondhand clothes at its Regent Street flagship store from October — offering items that are “ready to be loved again”. The Swedish clothing giant will feature a range of clothes and accessories from H&M and beyond as part of its “pre-loved” initiative. The industry has been under mounting [...]
FTSE 100 close: London lower on disappointing GDP data September 13, 2023 This comes after the UK economy shrunk by more than expected in July, with all sectors of the economy starting to come under pressure following Bank of England interest rate hikes.
St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
City groups call for action to prevent government rail fare hike September 12, 2023 Ticket prices could shoot up eight per cent if the DfT uses the same metric as it did this year to calculate the increase.
FTSE 100 close: London up as markets digest unemployment, wages and pensions data September 12, 2023 London's FTSE 100 started Tuesday morning up, as markets digest fresh figures on unemployment and wage growth, pensions and grocery inflation
Wickes on track to hit guidance for year despite near 40 per cent fall in profit September 12, 2023 Wickes has said it continues to trade in line with expectations after recording a 0.7 per cent uplift in revenues to £827.7m, despite a near 40 per cent slide in profits before tax. The London-listed DIY and home improvement retailer was bolstered by sales in its Do It For Me (DIFM) offering, with sales up [...]
Wilko shuts first stores today as administration unfolds September 12, 2023 Wilko will shut its first group of shops on Tuesday as the dramatic collapse of the high street chain takes shape. The historic retailer will shut 24 stores across the UK in the first phase of closures, with hundreds of workers at the shops set for redundancy. It comes a day after administrators confirmed all [...]
Rail strikes: Transport secretary and unions haven’t met this entire year September 12, 2023 Rail strikes continue to frustrate commuters but ministers are still refusing to step in to the middle of the dispute