Louis Vuitton: Sales and profit slashed amid luxury spending slowdown June 20, 2025 A continued slowdown in luxury retail spending saw sales at the UK arm of Louis Vuitton slashed by almost £90m and profit tumble during 2024, it has been revealed. The fashion powerhouse has reported sales of £488.2m for its latest financial year, down from the £575.2m it achieved in 2023. New accounts filed with Companies [...]
B&M swaps one tax haven for another June 19, 2025 B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]
Holly Tucker: I was lost after leaving Not On The High Street June 19, 2025 Holly Tucker, founder of retail behemoth Not On The High Street, tells us about leaving her business and setting up anew in this week's Square Mile and Me.
Three Decades of AIM: celebrating growth, jobs and Opportunity June 19, 2025 Since 1995 AIM has helped more that 4,000 firms raise over £130bn of capital and helped launch household names like Jet2 and Fever-tree, says city minister Emma Reynolds This year marks the 30th anniversary of the London Stock Exchange’s Alternative Investment Market (AIM) — a milestone that offers a moment to reflect on the transformative [...]
Smart data is a £27.8bn opportunity for the UK June 19, 2025 The launch of the Smart Data Group marks a pivotal moment in unlocking the UK’s data-driven growth, turning trusted data-sharing into a £27.8bn engine for innovation, competition, and empowered consumers, says Paul Scully The UK’s competitive edge depends on its ability to innovate. Just last week, at London Tech week, Nvidia CEO Jensen Huang described [...]
Mark Kleinman: Poundland buyer bargains on a revival June 19, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Poundland buyer bargains on a revival Anyone for a bargain? Buying a chain of pound shops for a price lower than that of the goods it sells must feel like a pretty appealing deal for Gordon [...]
TACO investors: Don’t bet too much on Trump-always-chickens-out trade June 18, 2025 Investors betting on Trump climbing down may be too optimistic, writes Hargreaves Lansdown's Susannah Streeter in today's Notebook.
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Oxford Street plan to ban taxis and buses gets green light June 17, 2025 Plans to pedestrianise Oxford Street have received a green light after a consultation found seven in 10 Londoners supported the move. Buses and taxis will be banned between Orchard Street and Oxford Circus up to Great Portland Street – almost a mile of London. “This is a hugely significant development for central London,” Leader of [...]
Secure Trust Bank taps Labour donor tied to cronyism scandal as new boss June 17, 2025 An ex-Treasury director who was at the heart of Labour’s “cronyism” scandal has been tapped to take the helm at specialist lender Secure Trust Bank. Ian Corfield, who also spent nearly a decade as chief commercial officer of New Day, will replace retiring chief executive David McReadie. Corfield stepped down from his civil servant role [...]