FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
ABF: Rita Ora collaboration helps Primark owner’s revenues hit almost £20bn November 7, 2023 Primark owner Associated British Foods (ABF) has continued to rake in hefty profits despite the cost of living crisis, with group revenue for the full year rising 16 per cent to £19.7bn. The owner of the budget fashion brand said that revenues at its retail arm rose 17 per cent to £9bn as customers flocked [...]
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.
I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
How Brits (and businesses) fell in love with the humble retail park September 20, 2023 On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.
H&M West End: Flagship London store starts recycling drive with ‘clothes ready to be loved again’ September 14, 2023 Fast fashion retailer H&M is to sell secondhand clothes at its Regent Street flagship store from October — offering items that are “ready to be loved again”. The Swedish clothing giant will feature a range of clothes and accessories from H&M and beyond as part of its “pre-loved” initiative. The industry has been under mounting [...]
FTSE 100 close: London up as markets digest unemployment, wages and pensions data September 12, 2023 London's FTSE 100 started Tuesday morning up, as markets digest fresh figures on unemployment and wage growth, pensions and grocery inflation
ABF: Primark owner raises profit outlook as womenswear added to click and collect trial September 12, 2023 Primark's owners ABF have bumped up profit guidance again after the value retailer's online shopping trials proved successful
Primark results: ABF investors to see if digital push paid off September 11, 2023 Primark owner ABF is set to publish its full year update tomorrow, with investors keen to see if the budget favourite will continue to impress.
Retail shares may rise as profit upgrades boost investor confidence August 21, 2023 Retail shares could shoot up over the coming months despite recessionary headwinds, reports from City analysts suggest. Analysts at Peel Hunt said the market was “undervalued,” following a season of profit downgrades issued by major UK retailers that sent investor conference sinking. Many retailers were hit hard by red-hot inflation which led consumers to be [...]