Brent Cross shopping centre taken over in £200m deal May 12, 2025 London’s Brent Cross shopping centre is to come under the full control of Hammerson after a £200m deal to buy out Aberdeen was confirmed. Hammerson, which currently owns 41 per cent of the landmark shopping centre, will raise its stake to over 90 per cent by acquiring units from the Aberdeen UK Shopping Centre Trust. [...]
Burberry’s share price jumps as tariff war cools May 12, 2025 Burberry’s share price jumped this morning after news of a US-China tariff deal boosted luxury stocks across the world. The luxury giant’s share price rose more than six per cent in early trades. It has risen nearly 20 per cent in the last month. The boost, which comes just ahead of Burberry’s yearly results on [...]
Investors pin hopes on Burberry’s recovery amid China and US trade upheaval May 11, 2025 Investors are hoping Burberry can restore confidence in its turnaround efforts, as the brand weathers major trade disruption in China and the US and an under-pressure luxury market.
Historically sunny spring to set UK retailers up for a bumper quarter May 10, 2025 The UK’s sunniest spring on record has encouraged Brits into brick and mortar stores in a much-needed boost for Britain’s struggling retailers. Britain experienced its sunniest April ever in 2025, while Wales, Scotland, and Northern Ireland each recorded their second sunniest. The effect has been to loosen wallets and “encourage shoppers to head out to [...]
Santander rejected £11bn Natwest bid for UK business May 9, 2025 Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business. [...]
Soho House: New venue reveals opening date after long delays May 9, 2025 A new opening date has been revealed for the UK’s latest Soho House location which has been beset by long delays. The private members’ club, which is listed on the New York Stock Exchange, is now targeting October as the launch month for its new venue in Manchester. The new location will be based at [...]
Champagne Lanson sales fail to fizz as prices rise May 9, 2025 Champagne Lanson suffered a sharp drop in its UK sales in 2024 as drinkers turned their backs on bars and restaurants amid the cost-of-living crisis. New accounts filed with Companies House show the brand’s turnover was slashed from £45.2m to £35.5m last year while its pre-tax profit also fell from £1.7m to £819,000. The champagne [...]
M&S will ‘need to go on a charm offensive’ to win customers back May 8, 2025 Analysts have warned that Marks and Spencer (M&S) faces an uphill battle to win back customers when it has dealt with its ongoing cyber attack. The high street darling told markets it had suffered a “cyber incident” at the end of April. Around £1bn has been wiped off its market value since 1 April, and [...]
How did Next become an online shopping behemoth? May 8, 2025 A better-than-expected set of first-quarter results from Next this morning has highlighted its growing reputation as an online fashion platform. Online sales, which account for around 30 per cent on overall sales, grew by 8.9 per cent in the UK and 29.6 per cent internationally. Internet-based sales have been a bigger driver of revenue over [...]
Next warns impact of tax hikes could hit sales May 8, 2025 High street bellwether Next has upgraded its full-year profit guidance after better-than-expected sales, but warned consumer confidence will slow sales in the second half of the year. Next told markets this morning that total full price sales rose 11.4 per cent year on year in the 13 weeks to April 26. The sales boost, which [...]