London Collections: Men – the lowdown on the latest menswear trends June 4, 2015 The Breton Stripe is a summer classic. Get the long-sleeved T-shirt from Ralph Lauran at mrporter.com, £110, the chinos from AMI at mrporter.com, £155, the Steve McQueeninspired shades from Persol at davidclulow.com and the “Classic Batchel” shoulder bag from The Cambridge Satchel Company, £130, cambridgesatchel.com Sketches: Emma Hopkins LC:M – aka London’s men’s [...]
LondonMetric embarks on £26m shopping spree at Marks & Spencer June 2, 2015 LondonMetric said yesterday that it has snapped up a portfolio of five M&S Simply Food stores for £26m, as it boosts its exposure to the booming convenience market. The FTSE 250 retail and distribution warehouse speciality said the acquisitions come on top of a recent letting of 11,300 sq ft to M&S for 20 years [...]
Best of the Brokers for 3 June 2015 June 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Deutsche Bank initiated coverage of Britvic at “hold” with a 750p price target. The broker said the same three drivers of the investment case in 2005 apply in 2015: a top line driven by innovation, strong cost management and some hope on [...]
New Look sales, profits rise despite “competitive” market June 2, 2015 New Look's new parents will be pleased with the fast fashion's latest set of results, showing the turnaround under Anders Kristiansen continuing to stabilise a previously struggling business. The figures Revenues were up 3.4 per cent to £1.4bn for the year to March 28, as like-for-likes climbed four per cent and UK like-for-likes rose 5.1 [...]
Dunelm founder Bill Adderley sells majority of his stake in Marks & Spencer May 31, 2015 Bill Adderley, the billionaire founder of homeware retailer Dunelm, has sold most of his shares in Marks & Spencer three years after building up a stake to become the firm’s largest private shareholder. Adderley has sold two thirds of his three per cent stake in M&S, telling the Sunday Times that there were “a couple [...]
B&M eyes more stores as sales jump by a third May 28, 2015 Bargain retail chain B&M has hiked its store expansion targets after reporting a near 30 per cent jump in revenue in its first year as a public company. The company, which sells everything from toys to electrical goods and furniture, yesterday said sales jumped 29.5 per cent to £1.6bn in the year to 28 March, [...]
City Moves for 29 May 2015 | Who’s switching jobs May 28, 2015 EC Harris The natural and built asset design and consultancy firm has appointed James Crawley as an associate partner in its development management and consultancy team. Based in Leeds, he joins from Calderdale Council. Crawley has also held roles at Muse Developments and M&G Real Estate. OM Asset Management Trevedi Tewari has been appointed head [...]
Cable Bay looks set to strike for in-form Hills at Haydock May 28, 2015 BILL ESDAILE PREVIEWS THE BEST OF THE WEEKEND’S RACING ACTION MY WEATHER forecasting days are numbered; my dreams of becoming the next John Kettley shattered. A week ago I guessed at what the ground was going to be like at Haydock two days later and my assumption that it would be soft proved to be [...]
David Cameron refuses to be drawn on timeline for an EU referendum during negotiations in Riga May 22, 2015 Talks in Riga over the UK's position in Europe were merely "scratching the surface", David Cameron said today, and refused to be drawn on the timing of an EU referendum. Read more: Spencer – EU referendum must not be rushed "I will not give time lines and deadlines and a running commentary on the referendum plans," [...]
David Cameron fires starting gun for grand bargain with Europe May 22, 2015 Newly re-elected Prime minister David Cameron will hold his first talks with European Union leaders today, as he attempts to renegotiate the terms of Britain's membership in the bloc ahead of a referendum in 2017. "Today I will start discussions in earnest with fellow leaders on reforming the EU and renegotiating the UK's relationship with [...]