Turnbull & Asser: The King’s tailor who hasn’t made a profit since 2015 February 24, 2025 High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has also supplied clothes for James Bond films, has racked up another pre-tax loss to extend its run without a profit to nine years. Turnbull [...]
Rachel Reeves urges financial services to back emerging markets February 20, 2025 Rachel Reeves has met with top financial services firms to urge them to work with development institutions and within “emerging markets”. The Chancellor met with firms including Aviva, HSBC and Schroders in Canary Wharf today, as she called on industry leaders to seize on growth opportunities and shore up London as a leader in development [...]
Standard Chartered shares hit ten-year high ahead of results February 20, 2025 Shares in Standard Chartered climbed to a ten-year high as the bank geared up to post its annual results on Friday. City analysts have pencilled in a full-year profit before tax of $6.2bn (£4.9bn), with the bank expected to pocket $983m (£780m) in the fourth quarter, down on the $1.1bn (£872m) posted in the fourth [...]
How should Pisces be regulated? February 20, 2025 The regulator is swinging its eyes at private markets, should investors be worried? Asks Edwin Richards The Private Intermittent Securities and Capital Exchange System (Pisces) is the FCA’s answer to private companies working with privately run platforms to exchange shares. The FCA’s aim is to create a regulated market for trading shares in private companies. [...]
Arsenal cash in on Champions League return with record revenue February 19, 2025 Arsenal’s return to the Champions League and lucrative new sponsorship deals boosted the club’s revenue by 32 per cent to a record £616.6m last year. The £150m increase came from improved matchday, broadcast and commercial revenues and puts Arsenal behind only Manchester City and Manchester United for income in the Premier League. But £256m of [...]
Galentine’s craze spotlights an unmined market: Singles wanting fun February 19, 2025 Hospitality's embrace of Galentine's shows welcome goodwill towards financially punished singles, writes Susannah Streeter.
Club L London almost triples in size as it targets international expansion February 18, 2025 Fashion retailer Club L London is targeting international expansion after almost tripling its sales and headcount over a two-year period. The Manchester-headquartered company achieved a turnover of £44.4m for the 14 months to 31 March, 2024, newly-filed accounts with Companies House have revealed. The latest sales figure comes after Club L London’s turnover stood at [...]
Auto-deleting emails forces us to ask, what is the FCA trying to hide? February 17, 2025 The FCA's plan to auto-delete emails is an exercise of managing reputation, not standards, writes Eliot Wilson.
Small business confidence plunges to post-Covid low February 17, 2025 Small business's confidence in London has plummeted to record post-Covid lows, with some sectors standing an all-time low
Almost 300 pubs closed last year ahead of cost rises February 17, 2025 The British Beer and Pub Association warned that urgent Government action is needed to avoid more “completely avoidable” closures.