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Retail

  • Mortgage approvals rise as rates cool – but the housing market is not out of woods yet

    January 4, 2024

    According to the latest reading from the Bank of England (BoE) net mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November. 

  • Selfridges co-owner’s luxury Alpine villa targeted in row over unpaid taxes: reports

    January 4, 2024

    Austrian real estate tycoon Rene Benko, the co-owner of Selfridges, faces losing his alpine home after tax authorities placed a security on it to cover years of allegedly unpaid taxes.

  • Scotch maker Artisanal Spirits snaps up US whiskey brand as it plots expansion

    January 4, 2024

    Premium whiskey maker, the Artisanal Spirits Company, has snapped up a US alcohol brand as it looks to grow its presence in America.  The London-listed firm told markets this morning it entered into an agreement to acquire US based Single Cask Nation.  Artisanal Spirits Company is best known for its Scotch Malt Whisky Society, a [...]

  • Next does it again: Profit forecasts upgraded for FIFTH time in a row

    January 4, 2024

    Next has raised its profit guidance for the fifth time in a row thanks to a bumper Christmas trading period. 

  • Brewdog boss James Watt says IPA movie is coming to the big screen

    January 3, 2024

    “It has been so exciting to work with such talented people on the script of this amazing new movie: Underdogs: The Rise Of BrewDog. 

  • JD Wetherspoon boss Sir Tim Martin: ‘Dry January becoming minor cult’ while pubs struggle

    January 3, 2024

    The boss of JD Wetherspoon, Sir Tim Martin, has said that Dry January is turning into a “minor cult”, as publicans across Britain brace for a slow month of trade.  Sir Tim, who fronts the popular budget boozer, told City A.M that people have “always overindulged at Christmas and then tried to compensate in January”. [...]

  • Marks and Spencer’s success is not a ‘flash in the pan’, analysts cheer

    January 3, 2024

    M&S's success will not be a “flash in the pan”, analysts have said as the retailer is crowned one of the top stock picks of 2024. 

  • Brits blow record £13bn in supermarkets as inflation cools

    January 3, 2024

    Brits spent a record £13.7bn in supermarkets during December, as grocery inflation continues to show signs of cooling.

  • Kids these days: Young partygoers most likely to go non-alcoholic

    January 3, 2024

    Young people are the biggest consumers of low and no-alcohol drinks, with almost half of 18 to 24-year-olds now occasionally or regularly opting for them, a survey has suggested. Some 44% of the youngest age group of drinkers now consider themselves to be either occasional or regular drinkers of full alcohol alternatives, up from 31% [...]

  • What next at Next? Retailer to update on Christmas trading

    January 2, 2024

    Retail investors across the UK will be eyeing up Next’s festive trading update as they attempt to figure out how good or bad the Christmas period was for the sector.

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