Five graphs that explain the UK economy ahead of GDP, inflation and unemployment data April 10, 2024 The great challenge for the UK economy is to restore some degree of growth following a very sluggish 2023.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits April 9, 2024 The club has refused to supply Sports Direct - and its former owner Mike Ashley - with its upcoming replica kit, as it now has an exclusive retail arrangement with JD Sport.
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal April 9, 2024 Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
The Very Group hires former Fenwick boss as new chief April 9, 2024 The Very Group has appointed the former boss of department store chain Fenwick as its new chief executive.
HSBC to book $1bn earnings hit from sale of business in Argentina April 9, 2024 HSBC has agreed to sell its Argentina business in a move that will see the bank book a $1bn (£800m) pretax loss in its first-quarter earnings.
How I left my rugby career to make best-selling sausages with my brothers April 9, 2024 Plenty of entrepreneurs have interesting stories about how their business got off the ground. Olly Kohn’s, however, is remarkable even by those standards.
Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low April 9, 2024 Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.
FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.