Frasers founder Mike Ashley snaps up stake in UK’s largest listed residential landlord January 7, 2026 Fraser’s founder Mike Ashley has secured a slice of an FTSE 250 property firm in a multi-million-pound bet on the future of UK rental housing. The UK billionaire has acquired a 3.1 per cent interest in the UK’s largest listed residential landlord in the private rented sector, Grainger, through a high-stakes financial move known as a spread bet. The [...]
Waterstones books Rothschild as IPO plans ramp up January 7, 2026 The owner of Waterstones is preparing to appoint Rothschild to advise its multibillion-pound flotation later this year, offering the clearest sign yet that London could turn the page on a dire run of form if it edges out New York for the listing. Elliott Management, which owns Waterstones and its US sister Barnes & Noble, [...]
Christmas grocery shopping hits fresh high while Brits make budget trimmings January 7, 2026 Brits splashed out on groceries in the run-up to Christmas but watched their budgets more than ever, as own-brand products and cut-price veg caught the eyes of shoppers. Festive grocery sales increased by 3.8 per cent on the previous year, as Brits spent a record £13.8bn on Christmas supermarket shops amid moderately easing retail inflation [...]
British shoppers turn to AI as London high street sales falter January 7, 2026 As our beloved high streets grapple with rising business costs, decaying consumer confidence and yet another bout of tax uncertainty, AI agents are reshaping how consumers shop. A report published by the Information Commissioner’s Office (ICO) warns that that so-called ‘agentic AI’, a quasi-autonomous form of artificial intelligence, could shift from novelty to norm within [...]
Majestic Wine blames Reeves’ tax hikes as profit slashed January 7, 2026 Majestic Wine has blamed Rachel Reeves and her tax policies for its profit almost slashing in half during its latest financial year. The Watford-based business said the “economic environment became more challenging” during the 12 months to 31 March, 2025, especially after the general election and the Chancellor’s first Budget. The chain added that these [...]
FTSE 100 Live: Stock rally cools; Oil tumbles amid Trump tensions January 7, 2026 Good morning and welcome back to the City AM liveblog. The London stock market has opened on a dimmer mood with morning with both the FTSE 100 and FTSE 250 trading into the red. The blue-chip index was hit by the falling price of oil with major stock losses across energy giants Shell and BP. [...]
Next shares rise after Christmas shopping frenzy January 6, 2026 Next shares jumped on Tuesday after the high street staple toasted another frenzied Christmas shopping period. The FTSE 100 group’s stock soared as much as 5 per cent to 14,265 pence, with shares now up by almost a fifth over the past six months after it hailed a 10.6 per cent jump in fourth-quarter full [...]
Jaguar Land Rover sales tumble after cyber attack disruption January 6, 2026 Sales at Tata-owned Jaguar Land Rover tumbled in the last quarter of the year after a massive cyber attack wreaked havoc with the carmaker’s production plans. Wholesale volumes were down by more than 40 per cent to 59,200 in the three months to the end of December, while retail sales slumped 25 per cent to [...]
Phillips 66 Limited agrees to acquire Lindsey Oil Refinery assets January 5, 2026 Agreement follows Prax Lindsey Oil Refinery Limited’s liquidation and is pending completion subject to satisfaction of closing conditions. Key facilities to be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site. Investment will strengthen the Humber Refinery, boost domestic energy security, ensure continued supply of quality fuels to the UK and help secure UK jobs.
Knight Frank appointed for bumper Brighton Palace Pier sale January 2, 2026 Knight Frank has been instructed on the sale of Brighton Palace Pier, two months after the Grade II-listed landmark’s owners revealed their plans to offload the amusement park amid a barrage of economic headwinds. The Brighton Pier Group appointed the property giant to seek a buyer for the coastal attraction, which its operator said in [...]