Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.
Burberry shares plunge as it blames tourist tax for luxury slowdown November 16, 2023 Burberry hit out at the government's decision to scrap the tourist tax and revealed a six per cent loss year-on-year in profit.
Black Friday sales due to drop by a quarter as cash-strapped Brits hold off for Christmas November 16, 2023 Overall, the proportion who do not intend to buy at all has increased from 39 per cent last year to 56 per cent.
Asda slashes debt as value range sales surge November 15, 2023 Asda has reduced its debt pile from £4.2bn to £3.9bn, according to its third quarter results, thanks to “strong cash generation” at the UK supermarket. The ‘Big Four’ grocer, said that during the term like-for-like sales, excluding fuel, increased by 2.8 per cent to £5.4bn compared to the same period last year. Food like-for-like sales [...]
St James’s Place shares bounce as bosses mount defence of paypackets November 15, 2023 Shares in St James’s Place have bounced today after the firm mounted a defence of its bosses’ paypackets following a small revolt at its annual meeting in May.
Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
Insolvencies jump 18 per cent in October as high rates squeeze firms November 14, 2023 The number of firms going bust in England and Wales has jumped yet again as the higher-for-longer interest rate environment continues to put pressure on businesses and consumers.
Even as Signa struggles, Selfridges is still the beacon of Oxford Street retail November 14, 2023 We shouldn't write off the department store, it's what the 'experience economy' was built on, writes Anna Moloney.
Hammerson in talks to sell £1bn stake in owner of Bicester Village November 13, 2023 British shopping centre giant Hammerson is reportedly in advanced talks to sell its £1bn stake in Value Retail, owner of Bicester Village, the luxury retail complex.
Avon launching first UK stores in its 137-year history amid global retail push November 13, 2023 The group is opening an initial tranche of beauty outlets in the UK within the next two months