Salter owner Ultimate Products forecasts lower earnings after ‘disappointing’ spring May 10, 2024 Salter owner Ultimate Products has lowered its full-year earnings forecast after a disappointing Spring hit sales.
Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’ May 9, 2024 Luxury department store Selfridges is to make around 70 redundancies at its London head office.
Profits cut at Monsoon and Accessorize owner as demand for children’s clothes falls May 9, 2024 A drop in demand for children's clothing saw profits fall at the owner of Monsoon and Accessorize.
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal May 9, 2024 Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).
3i Group ups dividend as Action’s ‘remarkable growth’ continues May 9, 2024 Private equity giant 3i Group upped its dividend as its full year results were boosted by the "remarkable growth story" of Dutch retailer Action.
Boohoo struggles continue with earnings and sales down – and losses mounting May 8, 2024 The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.
The Notebook: Where are retail investors putting their money? May 8, 2024 Victoria Scholar takes the Notebook pen to talk retail investors, Ozempic's fat profits, and the UK's inflation forecast.
How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland May 7, 2024 Miu Miu has managed to create a brand which taps into to the Chinese fashion trends Gen Z shoppers are looking for.
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
Natwest bonus scheme planned for Tell Sid shareholders May 6, 2024 Natwest shareholders will be awarded bonus shares if they hold onto its stock for more than a year, plans for the sale of the government's stake in the bank have indicated.