Black Friday sales failed to boost retail footfall last month December 2, 2021 Black Friday sales failed to entice more shoppers out to UK retail destinations, according to the latest data. Footfall worsened slightly during November to 14.5 per cent below 2019 compared with being down 13.4 per cent on pre-pandemic levels in October, according to Springboard data. The month as a whole was impacted by a relatively [...]
Car retailer Cazoo expands into France and Germany following second-hand car boom December 1, 2021 European car retailer Cazoo has expanded into France and Germany, with the online company plotting to grow its inventory of cars. Cazoo now employs more than 3,800 people across the UK, France, Germany, Spain and Portugal, as it looks to expand its offer across the continent. The company has seen a revenue boom thanks to [...]
London’s Oxford Cannabinoid Technologies to launch twin US listing December 1, 2021 London-listed Oxford Cannabinoid Technologies (OCTP) is set to open a twin listing in the US to ensure investors have “easier access”. Investors were seemingly pleased with the move, as OCTP’s share price surged 17.9 per cent by mid-afternoon. Landing on the US’ OTC Equity Market under the ticker OCTHF, the cannabinoid pharmaceutical firm said that [...]
Gymshark to open first physical store on Regent St December 1, 2021 Online clothing retailer Gymshark has announced plans for its first physical store on Regent St, London. The fitness apparel firm will open its first physical bricks-and-mortar site at 165 Regent St, which boasts 180,000 square feet. The firm is eyeing an initial public offering over the next few years after racking at 17m customers across [...]
Crypto.com snaps up two exchanges from IG Group for $216m December 1, 2021 Crypto.com plans to purchase two exchanges from London-listed fintech IG Group in a $216m deal expected to close in the next six months.
Liontrust reveals roaring interim results as pre-tax profits jump 352 per cent December 1, 2021 Asset manager Liontrust saw profits soar in the first half of the year with assets under management now totalling £36.5bn.
West End landlord Shaftesbury posts smaller annual loss thanks to retail rebound November 30, 2021 West End commercial landlord Shaftesbury posted a smaller annual loss thanks to its hospitality and retail firm tenants rebounding after lockdown. “There has been great progress on Shaftesbury’s road to recovery in recent months,” chief executive officer Brian Bickell said in a statement yesterday. However, he cautioned that there was “still further to travel before [...]
Software giant GBG reports revenue climb as online security becomes top priority November 30, 2021 GBG, one of the UK’s largest listed software companies announced a strong first half performance across all three segments with organic constant currency revenue growth of 12.6 per cent to £108.7m.
Shop staff wary of abuse as mandatory mask rules return November 29, 2021 Retail voices have said shop staff must not be expected to be put in harm’s way as compulsory mask rules make a return tomorrow. Londoners will be legally required to wear a mask in shops and on public transport once more from tomorrow, in a bid to prevent the spread of the new Omicron Covid [...]
Central London only slightly busier amid Black Friday sales November 29, 2021 Central London was only ever so slightly busier thanks to Black Friday deals last week as retail chiefs noted fewer shoppers than pre-pandemic levels. Central London saw a 2.3 per cent boost to footfall week on week for the week beginning 21 November. Footfall in the area was down 22.3 per cent on 2019 levels, [...]