Savile Row label Hackett hails international success as profit rockets February 4, 2025 International success has helped up-market Savile Row clothing label Hackett almost quadruple its profit during its latest financial year as sales surged. The London-headquartered chain has reported a pre-tax profit of £3.8m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The figure comes after Hackett posted a pre-tax [...]
Dear developers, no one actually wants all these retail units February 4, 2025 Big retail units may appeal to developers' fantasies about what towns could be. But they need to focus on actual demand, writes John Andrews.
FCA threatened with legal action over Shein London listing plans February 3, 2025 A human rights group has threatened the Financial Conduct Authority with legal action if it green-lights Shein's London Stock Exchange float
Speedy Hire shares slump to all-time low after profit warning February 3, 2025 Shares in Speedy Hire have slumped to a new all-time low after it issued a profit warning, blaming an economic downturn affecting firms. The Newton-le-Willows company told the London Stock Exchange this morning that its recent trading had been impacted by a slowdown in demand so far in 2025. The tools and equipment hire business [...]
City of London approves major new skyscraper January 31, 2025 The City Corporation has approved a 54-storey skyscraper on the doorstep of UK’s busiest station as demand for office space continues to grow in the capital. The site at 99 Bishopsgate, which will become one of the tallest towers in the Square Mile, is set to provide a minimum of 1.2m sq metres of office [...]
FCA sets out plans to open up bond market to retail investors January 31, 2025 The Financial Conduct Authority (FCA) has set out plans to slash “red tape” around the corporate bond market today in a bid to open up the asset class to retail investors and wealth managers. In consultation plans shared with City AM, the watchdog said it would look to coax more listed companies into issuing debt [...]
Pembroke VCT boss Andrew Wolfson: ‘New founders aren’t blaming Brexit’ January 30, 2025 Pembroke VCT boss Andrew Wolfson has backed brands like TALA and Pasta Evangelists. He tells us the wisdom he's picked up along his career.
The Capitalist: Pedicabs, WH Smith and HMRC hang-ups January 30, 2025 Pedicab politics, the demise of WH Smith and taxman ghostings: catch up on the latest gossip in this week's edition of The Capitalist.
Will the public miss WH Smith if it disappears from the UK high street? January 30, 2025 YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. Here, he looks at the future of WH Smith. News broke last week that WH Smith was looking to sell its UK high street stores. The company told the London Stock Exchange that it intended to become [...]
Mark Kleinman: Are Barclays pay rows a mere historical relic? January 30, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles pay rows at Barclays, how WH Smith is clinging on and a floating debate for Monzo Are Barclays pay rows a mere historical relic? There was a time when Barclays and public [...]