London’s FTSE 100 kicks higher ahead of Truss energy package September 8, 2022 London’s FTSE 100 kicked higher today after new prime minister Liz Truss launched an around £130bn cost of living support package. The capital’s premier index climbed 0.33 per cent to 7,262.06 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.36 per cent to [...]
Travel abroad is too pricey, so don’t look down on London tourists – join them September 8, 2022 If you live West, then go East. If you live North, travel South. This is a new experience for most Londoners. East Londoners are more likely to visit Rome than Richmond; and Notting Hill residents are more familiar with the Balearics than Battersea.
Gymshark to open doors of first physical store on London’s Regent St next month September 7, 2022 Gen Z sportswear retailer Gymshark is set to make its venture into physical retail this autumn, revealing the opening date of its Regent St flagship. The online brand is to open up shop at 165 Regent St on Saturday 1 October, after huge success over the last few years. Gymshark store on Regent Street will [...]
WH Smith high street sales lower than pre-Covid levels after Funky Pigeon hack September 7, 2022 WH Smith has said its high street arm has been impacted by a cyber security issue with its greetings cards business, denting sales. The stationery seller said its high street business was performing in line with expectations. Sales stood at 80 per cent of 2019 revenue for the 26 weeks to 27 August 2022, following [...]
Bed Bath and Beyond CFO falls to his death in New York after mass closures and layoffs September 5, 2022 The chief financial officer of American retailer Bed Bath & Beyond Inc fell to his death from a New York skyscraper. Gustavo Arnal, 52, who previously worked as CFO for London-based cosmetics brand Avon, died on Friday in wake of the company closing stores and laying off workers. New York police responded to reports he [...]
Andy Murray backed Castore scores £750m valuation September 4, 2022 Andy Murray backed clothing brand Castore has been valued £750m as the firm looks to compete with the likes of Nike and Adidas.
Sunday Sitdown: Grind’s CEO on conquering America with his cult coffee chain September 4, 2022 Londoners may recognise the Grind coffee brand. There are currently eight branches around the capital and a 15,000 sq ft roastery in Bermondsey. Despite a hit to cafe revenues during the pandemic, the company is taking its business model across the pond as City A.M. can reveal today Grind has ambitious plans to conquer the [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City A.M. reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
Battersea Power Station to open next month with new shopping and office destinations September 1, 2022 The office and retail development at Battersea Power Station will open to the public next month, almost 40 years since the iconic building closed. The South-London development will open on 14 October, project owners revealed on Thursday. Around 100 shops, restaurants and bars have bagged space at the development, while big names Apple and IWG [...]
London’s FTSE 100 edges lower as economic gloom knocks risk appetite August 31, 2022 London’s FTSE 100 posted a damp day today driven by economic gloom hitting investors’ risk appetite. The capital’s premier index dropped 1.05 per cent to 7,284.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.45 per cent to 19,063.75 points. A recent string [...]