Saudi Arabia reportedly eyes up £2bn stake in Selfridges, Gucci owner denies interest March 22, 2024 Saudi Arabia is reportedly eyeing up a £2bn stake in Selfridges as the department store chain's co-owner faces insolvency, while luxury goods giant Kering has denied the claim that it is interested in the store.
Retail sales flat as rainy February puts shoppers off the high street March 22, 2024 The figures were actually slightly stronger than expected by analysts, who predicted a 0.4 per cent fall.
FTSE 100 today: London markets to open higher, riding the global rally wave March 22, 2024 Asian markets track Wall Street's uptrend. Apple shares fell 4.1 per cent amid legal issues, and the Chinese yuan hit a four-month low. Reddit's stock soars 48 per cent on debut. Focus shifts to key events like UK retail sales and Fed Chair Powell's speech for monetary policy clues.
Telegraph takeover: Could Yorkshire Post owner National World win race as it declares itself ‘the best’? March 21, 2024 National World, the owner of titles such as the Yorkshire Post and The Scotsman, has stepped up its interest in buying the Telegraph.
Next gains on soaring FTSE as Lord Wolfson says it’s been a ‘long time’ since such a positive outlook March 21, 2024 Next topped the FTSE 100 on Thursday, as it once again beat market expectations and trumped rivals amid a challenging period for UK retailers.
How Sir Richard Branson’s Virgin Group makes money and what it’s worth today March 21, 2024 City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Next: High street champion trades ahead of expectations again March 21, 2024 Next has traded ahead of expectations again, reporting record pre-tax profit of £918m during the full year.
The must-read column: Kleinman on the City March 21, 2024 The City's best-connected columnist on the Telegraph, the new football regulator and the NatWest share sale
FTSE 100 today: London markets set to mirror global rally, focus on BOE policy decision March 21, 2024 Asian markets mirrored Wall Street's rise, spurred by the US Federal Reserve's maintained rate-cut plans, while gold hit record highs. New Zealand entered technical recession. Now, attention is on the Bank of England's policy decision, especially any signs of increased talks about potential rate cuts.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.