Mark Kleinman: If Britain is open for business, prove it August 8, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Volvo: Record-breaking year for car maker as UK sales near £2bn August 7, 2024 Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.
Full list of Carpetright stores saved by Bensons for Beds after collapse August 7, 2024 Almost 20 Carpetright stores have been snapped up by Bensons for Beds following the firm’s collapse last month. Carpetright was rescued out of administration in July but with the loss more than 1,500 jobs. The major carpet and tiling retailer, which is headquartered in Essex, was snapped up by rival Tapi for an undisclosed sum. At [...]
Exclusive: Tories spent £10m exploring scrapped Natwest retail offer August 7, 2024 The Conservative government spent around £10m exploring a now-scrapped plan to sell part of its stake in Natwest to retail investors, with the bank footing most of the bill, City A.M. can reveal.
Spectrum Brands: Profit slashed at Russell Hobbs, George Foreman and Remington owner despite sales surge August 6, 2024 Profit at the UK arm of the group behind Russell Hobbs, George Foreman and Remington was slashed during its latest financial year despite its sales surging by almost £80m. Spectrum Brands, which has its UK base in Manchester, has reported a pre-tax profit of £3.3m for the 12 months to September 30, 2023, according to [...]
Audemars Piguet helps fuel booming UK luxury watch market as sales surge August 6, 2024 The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted a revenue of £72m for the 12 months, up from £58.7m. Newly-filed documents with Companies House also show that its pre-tax profit increased from £3.4m [...]
Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]
UK retail sales pick up as summer finally heats up August 6, 2024 Retail sales returned to growth in July after the long-awaited summer boost for retail finally arrived along with the warmer weather. Total retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor [...]
Yum: KFC and Pizza Hut owner surges back into the black August 5, 2024 Yum! Brands, the owner of KFC and Pizza Hut surged back into the black last year after a bumper year for its brands.
Prada hails ‘outstanding’ UK sales amid luxury struggles August 5, 2024 The UK arm of Prada has hailed its "excellent" and "outstanding" performance despite the wider slowdown in luxury sales.