LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility September 26, 2022 LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
Frasers set for further MySale bid after former chairman offloads stake September 26, 2022 Frasers is set to table another cash offer for Aussie fashion marketplace MySale after a top shareholder made an “irrevocable commitment” to offload his stake to the retail group, handing it 48 per cent control.
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Acquire ethically sourced gemstones for your business September 23, 2022 Looking for quality items for your jewellery business? London Diamond & Emerald Fine Jewellery could be for you. Hosting certified diamonds, emeralds, rubies, sapphires and coloured gemstones, London DE has been providing both business and retail markets with precious rocks and bespoke jewellery since 2013. The company specialises in Colombian emeralds and operates its subsidiary [...]
London’s FTSE 100 drops after second big Bank of England rate hike September 22, 2022 London’s FTSE 100 plunged today after the Bank of England lifted interest rates 50 basis points for the second time in a row. The capital’s premier index fell 1.08 per cent to 7,159.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 2.05 per [...]
Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]
Exclusive: The City’s best-known headhunter on decades in the midst of the action September 22, 2022 One of London’s biggest executive search companies, Anthony Gregg Partnership, is celebrating its 20th year in business this week. Time for City A.M. to sit down with chief executive Tony Gregg to look back on the last two decades as he opens up about what the anniversary means to him and to hear what the Square Mile insider [...]
Lidl now highest-paying supermarket in UK with £39.5m investment in staff salaries September 22, 2022 Discount giant Lidl has committed £39.5 in salary increases to its store and warehouse staff, becoming the highest-paying supermarket in Britain. The retailer is increasing hourly rates from £10.10 to £10.90 outside the capital, and within London, hourly wages will go up to £11.30 and £11.95 inside the M25. , Some workers are set to [...]
HMV back in the studio as High Street giant returns to making music for first time in 43 years September 22, 2022 HMV said this morning it will return to making records for the first time in more than four decades. The High Street giant is launching its own music label. The entertainment retailer, which runs 115 stores across the UK, has signed Newcastle-based singer-songwriter India Arkin to the new label, called 1921 Records. The label has [...]