Revolution Beauty plots US expansion as sales soar November 24, 2021 Revolution Beauty's half year results have been lifted by surging demand for makeup amid the worldwide lifting of lockdown restrictions.
Asia sales and Covid-19 unlocking boost luxury retailer Mulberry November 24, 2021 The Covid-19 unlocking and booming sales in Asia have boosted luxury fashion retailer Mulberry, reveal new figures released today. Income at the London-listed retailer climbed 34 per cent to over £65m, up from £48.9m in the same period last year. Profits jumped to £10.2m, largely driven by the sale of shop leases in France. UK [...]
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Hambro Perks looks to be first out of the gate with £150m London SPAC listing November 23, 2021 VC firm Hambro Perks has today announced it is targeting a listing of up to £150m in London via a special purpose acquisition vehicle (SPAC), in what could make it the first out of the gate since the City watchdog overhauled blank-cheque listing rules. Hambro Perks Acquisition Company – the name of the SPAC – [...]
Telecom Plus: Shares soar despite decline in profits in crisis-hit industry November 23, 2021 Shares in Telecom Plus have rocketed 11.57 per cent despite falling profits amid expectations of a 10 per cent growth in customers.
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
London recovery: West End busier than week before as shoppers get into Christmas spirit November 22, 2021 Central London was busier last week than the previous week, as shoppers got into the festive spirit. Shopping destinations including Oxford Street and Regent Street saw an 8.3 per cent boost to footfall, in the week beginning 14 November. In a further endorsement for the City’s rebound, London’s office hubs were also busier than the [...]
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]