FTSE 100 Live: Ineos suspends huge chemicals plants in Hull, B&Q owner shares surge Markets Good morning from the City desk at City AM. Follow along here for all our coverage of the latest London Stock Exchange updates along with UK business news and analysis of the key trends shaping investor sentiment. Here’s a summary of some of our top headlines this morning: The liveblog has ended.No liveblog updates yet. [...]
Fast fashion copyright battle continues as Shein granted appeal against Temu Lawsuit Fast fashion retailer Shein has been granted permission to appeal against rival Temu in a first-of-its-kind copyright battle in the UK. A judge confirmed in a hearing on Monday that Shein can challenge a judgement handed down last month in the Court of Appeal. The judge said there were “compelling reasons” for the court to [...]
Shein shapes up for cut-price IPO as dominance slows Retail Shein will list in Hong Kong this week in a cut-price initial public offering following two previous failed attempts in London and New York. The Chinese retailer will begin trading in Hong Kong on Tuesday in a debut set to value the firm at around $27bn (£19.8bn), about a quarter of its highest private-market valuation. [...]
The Danish retailer plotting to outsmart ‘unsentimental’ Modella Capital August 25, 2026 On the modern-day British high street, a Scandinavian shop featuring maze-like aisles, quirky homeware and bags of licorice near the till is not quite a reinvention of the wheel. But Mikkel Grene, chief executive of Danish homeware retailer Søstrene Grene, believes his business can go toe-to-toe with Ikea and Flying Tiger for pride of place [...]
As it happened: Stocks rally; US to unveil ‘economic D-Day’ Iran sanctions August 24, 2026 Welcome back to the City AM liveblog. The FTSE 100 rallied on Monday afternoon following a brief slump in the early afternoon. Wier, Airtel Africa and Intercontinental Hotels Group led the index’s risers while Autotrader and Melrose Industries dragged on the index. The attention of investors is trained on the other side of the Atlantic, [...]
Western Europe’s Fashion E-commerce Market Matures, Representing 20% of Online Consumer Spending as Gen Z Drives momentum July 30, 2026 Second-hand platforms and value-focused retailers are disrupting Western Europe’s fashion market, which accounts for nearly one-fifth of online spending
H&M misses sales target as cost-cutting leaves retailer understocked June 25, 2026 H&M slumped to lower than expected sales and profit as the retailer warned that its cost-cutting drive is leaving some stores unable to keep up with demand. The Swedish-listed firm took 54.8bn kronor (£4.2bn) in sales in the three months to the end of May, flat year on year. Its operating profit jumped by 11 [...]
‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months June 23, 2026 Retailers have criticised the government for failing to move fast enough on closing a tax loophole that they say favours fast-fashion importers like Shein and Temu. High street businesses had been urging the government to bring forward its planned end to the “de minimis” regime, which exempts imports worth less than £135 from paying tax. [...]
UK risks becoming ‘dumping ground’ for Temu and Shein, retailers warn June 23, 2026 The UK risks becoming a “dumping ground” for online fast-fashion giants like Shein and Temu once a European crackdown on those firms comes into effect, leading retailers have warned. High street firms including Primark and Accessorize told City AM they risk facing tougher rivalry from foreign fast-fashion sellers if the UK does not clamp down [...]
Retailers ramp up pressure on Reeves to scrap tax break for e-commerce rivals May 27, 2026 Retailers have urged Rachel Reeves to “revitalise the high street” by speeding up plans to close a tax break which they say unfairly favours Chinese e-commerce rivals. High street giants like Next, M&S and Primark have urged the Chancellor to impose a £2.60 flat fee on small parcels to rebalance a system which they say [...]