Profit slashed at Mike Ashley-backed Hugo Boss September 10, 2025 Profit at the UK arm of Hugo Boss, which counts Mike Ashley’s Frasers Group as a major shareholder, has been slashed for a second consecutive year. The London-headquartered division of the German group has posted a pre-tax profit of £9m for 2024, down from the £16.8m it achieved in 2023 and £30.4m in 2022. New [...]
Princess Yachts back in profit but Rachel Reeves’ Budget forces job cuts September 10, 2025 A luxury yacht builder has surged back into profit and its sales jumped by more than £100m as hundreds of jobs were cut because of Chancellor Rachel Reeves’ Budget. Plymouth-based Princess Yachts has reported a revenue of £378m for 2024, up from the £276.3m it achieved in 2023, according to new accounts filed with Companies [...]
Eurosummer lives on as retail investors flock to the continent September 10, 2025 Turbulence created by US tariffs is continuing to be a boon for European investment, with retail investors flocking to the continent, writes Susannah Streeter.
Dunelm shares plummet despite ‘successful year’ September 9, 2025 Dunelm’s share price dropped more 10 per cent to 1,114p on Tuesday after profit growth slowed, despite reporting a rise in sales and market share gains. City broker Peel Hunt said the company’s “operational grip shone through”, with numbers as expected. “Outgoing CEO Nick Wilkinson hands over a business in great shape, demonstrating increased relevance [...]
Shopper confidence falls as Brits expect food inflation to climb September 9, 2025 Surging food inflation has dented Brits’ confidence at supermarkets, with many expecting food prices to climb even further, according to new data. Inflation at the grocers hit five per cent in the four weeks ended August 10, down from 5.2 per cent in the previous month but well above the wider UK rate of 3.6 [...]
Modella and HMV owner compete for Claire’s Accessories September 8, 2025 Modella Capital, the investor behind WH Smith’s UK acquisition the man responsible for rescuing HMV are locked in a battle to buy struggling high street chain Claire’s. Claire’s appointed administrators for its UK arm in August, just a week after it filed for bankruptcy in the US and entered administration in France. The company had been considering [...]
Brits losing out on hundreds of pounds in iPhone upgrades September 8, 2025 Brits who upgrade their iPhones are losing hundreds of pounds due to the rapid depreciation of big ticket tech items, according to new analysis. With the launch of the iPhone 17 set for Tuesday – holding a hefty price tag of £900 – those choosing to upgrade from old models will be met with a [...]
‘It’s not a fair fight’: HMV boss issues Rachel Reeves Autumn Budget tax demand September 8, 2025 Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV. Phil Halliday, in an up-coming episode of City AM‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers. The managing director added that businesses such as HMV are [...]
Bodycare: Full list of stores to close as 450 jobs lost September 5, 2025 High street health and beauty retailer Bodycare has collapsed into administration with the loss of 32 stores and around 450 jobs being made redundant. Nick Holloway, Chris Pole and Mike Leeds from Interpath have been appointed joint administrators to G.R. & M.M. Blackledge plc, which trades as Bodycare. Founded in 1970 on a market stall [...]
Retail sales see July boost but firms warn of tough winter ahead September 5, 2025 British retail sales rose more than expected in July, boosted by good weather and the UEFA Women’s Euros 2025 tournament. However, extensive revisions to previous months’ data have revealed a less volatile but ultimately slower growth picture for the year. The Office for National Statistics (ONS) today released its latest figures, showing that sales volumes [...]