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 [...]
Bitcoin cashback announcement ends in controversy for UK fintech Mode November 18, 2021 Major retailers Boots and Ocado have distanced themselves from an announcement claiming they would offer customers cash back in Bitcoin. Today London-listed fintech Mode announced it would be adding more than 40 UK retailers including Boots, Ocado and Homebase to its crypto cashback rewards scheme. However, in comments to City A.M. both Boots and Ocado [...]
Marks Electrical shines in half-year results following stock market debut November 18, 2021 Online electrical retailer Marks Electrical reported a 78 per cent boost to revenue in its half-year results, while also posting a lower profit.
Exclusive: Homebase among 40+ retailers to offer Bitcoin cash back November 18, 2021 Major UK retailers including Homebase plan to give online shoppers cash back in Bitcoin it has been claimed. Homebase is among more than 40 retailers which will be added to a crypto rewards scheme powered by London-listed fintech Mode, the company announced today. When UK customers make purchases at participating retailers their Mode wallet will [...]
Life Science raises £350m in over-subscribed IPO as it plots ‘Golden Triangle’ growth November 17, 2021 A real estate investment trust (REIT) Life Science has raised gross proceeds of £350m as it anticipates a stock market debut this week. New ordinary shares were issued at £0.01 each and Life Science has made an application for 350m shares to be admitted to AIM. The admission will make it the first London listed [...]
British Land boosts profits as rent collection improves and demand grows November 17, 2021 Commercial landlord British Land swung to a half-year profit on improved rent collection and higher value of its office spaces and retail parks.
Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]
City of London gives green light for new office tower as confidence in the Square Mile returns November 16, 2021 The City of London Corporation this afternoon approved plans for a new 24-storey office tower on Houndsditch in the Eastern Cluster, the Square Mile’s seventh tall building to be approved so far this year. The City’s Planning and Transportation Committee backed Brockton Everlast’s scheme, designed by architects AHMM, which will provide roughly 56,500 sq m [...]