City A.M. TV: Market Snapshot May 17, 2021 In today’s video we examine the question of whether or not Bitcoin provides any insight into the global equity market direction.
It’s all over: Debenhams’ 243-year history ends today as final 28 stores close for good May 15, 2021 Today, Debenhams is to shut its doors for the final time in its 243-year history. The historic department store chain will close its remaining 28 stores across the UK for good tomorrow after the company collapsed amid the fallout of the coronavirus pandemic. It closed 21 other sites across the UK for the final time [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
Amazon to create 10,000 UK jobs this year May 14, 2021 Amazon today announced that it would create 10,000 new jobs in the UK in 2021 as the online giant expands its workforce in the country. It said that it would also invest £10m over three years to train up 5,000 of its staff using its “Career Choice” programme. The firm has partnered with the British [...]
The High Street wants you – let’s take this next step safely May 14, 2021 After months of shuttered doors, it’s been heartening to see Britain’s high streets, town centres and retail parks buzzing again. But as much as we all want to get life back to normal, we also all want to stay safe. None of us want to squander the progress we’ve made in suppressing the virus – [...]
The Works ‘encouraged’ by post-lockdown sales but warns of ongoing uncertainty May 14, 2021 Arts and books retailer The Works said sales have been “very encouraging” since most of its stores reopened, but warned it is too early to judge whether the spike is due to pent up demand or “strong underlying performance”. The high street chain said online sales have reduced since its branches reopened but that they [...]
Morrisons offers lockdown entrepreneurs chance to sell products in stores May 13, 2021 Morrisons has launched a scheme to offer UK entrepreneurs the chance to sell their products in store and online as more consumers look to support small and local businesses. A record number of new businesses were set up last year – rising 13.25 per cent to 772,002 – as budding entrepreneurs used lockdown to focus [...]
Carphone Warehouse, Currys PC World and Dixons Carphone to disappear in huge Currys rebrand May 13, 2021 Electricals retailer Dixons Carphone has revealed plans to rename all its UK and Ireland shops as Currys as part of a major rebrand. The group said Currys PC World, Carphone Warehouse, Team Knowhow and Dixons Carphone will all become Currys by October, with a new Currys website also set to be launched. It will see [...]
Residential landlord Grainger confident in future of London’s ‘attractive’ rental market May 13, 2021 Residential landlord Grainger said it is confident in London’s ability to bounce back from the coronavirus pandemic, despite slumping rental prices in the capital. The FTSE 250 developer said this morning that its “conviction in London’s rental market remains”. “As a leading city, London will continue to be an attractive location to live in and [...]
Burberry reinstates dividend at pre-pandemic levels as sales bounce back following lockdowns May 13, 2021 Burberry shareholders will receive a payout equal to pre-pandemic levels after the luxury retailer reinstated its dividend, following strong recovery in its core markets. The designer brand said this morning that it will reinstate its full-year dividend at 2019 levels of 42.5p “on the back of strong cash generation”. In the year ended 27 March [...]