Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
West End braces itself for Black Friday spending boost November 23, 2023 Retailers in London are bracing themselves for the start of the Christmas spending period as a swarm of bargain hunting Brits are set to hit the West End this Black Friday. Unseasonable weather in both the summer and autumn battered the majority of retailers’ earnings over the first and second quarter of the year, so [...]
The Notebook: Victoria Scholar on the ever-changing appetites of retail investors November 23, 2023 Where the City’s big thinkers get things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor analysing retail investors' appetites.
Pubs raise a glass to Hunt’s alcohol duty freeze and rates relief November 22, 2023 The UK's struggling pub sector has said it was "extremely pleased" with the news that alcohol duty will be frozen and business rates relief has been extended.
Natwest: Hunt plots ‘tell Sid’ sale of remaining government stake November 22, 2023 Hunt has revealed the government will look to offload its remaining stake in Natwest to retail investors over the next year as part of a bid to boost participation in public markets.
Kingfisher shares sink six per cent after B&Q owner’s profit warning November 22, 2023 B&Q owner Kingfisher has once again lowered its profit guidance for the year as its French arm continues to struggle.
The Notebook: Susannah Streeter on Jeremy Hunt, Dua Lipa and the advent of the YIMBYs November 22, 2023 In today's Notebook, Susannah Streeter talks the autumn statement, the NIMBY-YIMBY pipeline and the need for ISA reform.
Westfield exec makes fresh calls to scrap tourist tax ahead of Autumn Statement November 21, 2023 The chief operating officer of Westfield Group, has said reinstating the tourist tax would have a “ripple effect” on London’s economy.
AO World raises guidance again as it returns to profit despite falling revenues November 21, 2023 Electrical retailer AO World has raised its profit guidance despite revealing a fall in revenue, according to a trading update published this morning. The online group, which calls Frasers Group its largest shareholder, said a decision to stamp out unprofitable sales led to a 12 per cent dip in revenue during the interim. But adjusted [...]
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?