Is the UK economy on the mend following Budget fallout? February 26, 2025 The economy is only slightly larger than it was at the time that Labour took office, while GDP per head actually fell in the second half of last year.
Hammerson: Bicester Village sale hits earnings February 26, 2025 British shopping centre giant Hammerson has reported a drop in earnings due to the impact of portfolio sales despite an overall rise in rents and occupancy. Despite higher rents across its portfolio, Hammerson’s rental income fell to £189m during the year, down nine per cent year on year. Hammerson attributed this to the impact of [...]
Turnbull & Asser: The King’s tailor who hasn’t made a profit since 2015 February 24, 2025 High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has also supplied clothes for James Bond films, has racked up another pre-tax loss to extend its run without a profit to nine years. Turnbull [...]
Ferrari merchandise sales soar 400% after Hamilton F1 move February 24, 2025 Ferrari merchandise sales have jumped nearly 400 per cent off the back of Lewis Hamilton’s move to Maranello for the 2025 Formula 1 season. Data shared with City AM demonstrates the huge global appeal the seven-time world champion enjoys with F1 fans. In the days following Ferrari’s 2025 season launch earlier this month, Ferrari merchandise [...]
Consumer confidence rises in February but cost-of-living crisis ‘far from over’ February 21, 2025 Brits’ confidence rose in February, fueled by better personal finances and a brighter outlook on the general economy. However, confidence remained down on last year. GfK’s index measuring changes in personal finances during the last year rose three points to -7, seven points better than February 2024. The major purchase Index rose three points to [...]
Green shoots? UK retail sales beat expectations in January February 21, 2025 Brits returned to the shops in January as discount spending fueled the first monthly rise in retail sales volumes since last August. Retail sales volumes rose 1.7 per cent in January, following a fall of 0.6 per cent in December, according to the ONS. Analysts had expected growth of just 0.3 per cent. This was [...]
Standard Chartered shares hit ten-year high ahead of results February 20, 2025 Shares in Standard Chartered climbed to a ten-year high as the bank geared up to post its annual results on Friday. City analysts have pencilled in a full-year profit before tax of $6.2bn (£4.9bn), with the bank expected to pocket $983m (£780m) in the fourth quarter, down on the $1.1bn (£872m) posted in the fourth [...]
Rachel Reeves must act now to save pubs, City broker warns February 20, 2025 Peel Hunt has become the latest broker to issue a warning that British pub culture is at risk due to structural pressures and tax hikes. Hospitality was the biggest driver of economic growth in both November and December, according to the latest government figures. But tax rises in the October budget “halted and reversed a [...]
Arsenal cash in on Champions League return with record revenue February 19, 2025 Arsenal’s return to the Champions League and lucrative new sponsorship deals boosted the club’s revenue by 32 per cent to a record £616.6m last year. The £150m increase came from improved matchday, broadcast and commercial revenues and puts Arsenal behind only Manchester City and Manchester United for income in the Premier League. But £256m of [...]
UK government should be more like Trump, says top entrepreneur February 19, 2025 The government’s tax squeeze on businesses and ministers’ lack of private sector experience shows that the “political system is broken” in the UK, a top entrepreneur has claimed. Edward Lovett, founder of luxury online auction house The Collecting Group, launched a damning assessment of the business environment in Britain under Labour, telling City AM that [...]