Sale of swimming pools and paddleboards skyrocket by 200 per cent as heatwave intensifies July 20, 2022 There has been an increase in sales of swimming pools by more than 210 per cent due to the heatwave. Lee Bagnall, CEO of GO Outdoors, shared with City PM this morning that over the past week his company has seen sales of outdoor living equipment soar, in response to the current heatwave that’s sweeping [...]
Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
Brits turn to ice cream, paddling pools, BBQs and fans as temperatures set to break record today July 17, 2022 Sales of paddling pools and fans are soaring and ice cream is set to break a record for the amount bought in a single week as Brits prepare for more heat with temperatures continuing to rise. With an “amber” extreme heat warning in place for much of England and Wales today, tomorrow and Tuesday, Tesco [...]
Watches of Switzerland hails ‘tremendous’ growth as profits hit £126m July 7, 2022 Boss of luxury goods retailer Watches of Switzerland said it had been a “tremendous” year for the firm today as it reported a 98 per cent jump in pre-tax profits for the full year.
Currys commits to price freeze as full year profits jump July 7, 2022 Electrical retailer Currys committed to a price freeze on dozens of products today as it reported a jump in profits to £126m for the full year.
Exclusive: ‘Government must give clarity on Venture Capital Trusts’ or risk jeopardising start-up growth, says industry chief July 5, 2022 The government risks jeopardising funding for early-stage UK startups if it fails to provide clarity on the future of the venture capital trust (VCT) regime, an industry chief has warned today.
Global Britain spreads its Brexit wings as UK retailers plan to expand overseas with EU and Australia favourites July 5, 2022 A range of British retail giants is eyeing to expand internationally as they are seeking to spread their wings amid a bounce-back in activity following the pandemic. Experts at real estate advisory firm Colliers said demand for UK locations from international firms has also lifted higher as shopper demand remains resilient despite fears over cost-of-living [...]
Shoppers offered shares: WeShop races towards IPO as British tech star launches world’s first community-owned e-com platform July 4, 2022 The world’s first community-owned social ecommerce platform has gone live, offering shoppers shares in the group every time they make a purchase. The new platform, launched by British tech star WeShop is launching itself, plans to give away up to 90 per cent of its business to shoppers, and aims to list on the Nasdaq [...]
Hospitality crisis: Fewer pubs in England and Wales than ever before with less than 40,000 for first time on record July 4, 2022 Fresh analysis that sheds light on the ruinous impact of the pandemic and soaring business costs shows this a.m. that there are fewer pubs in England and Wales than ever before. The total number of pubs dropped below 40,000 during the first half of 2022, a fall of more than 7,000 since a decade ago. [...]
High Street footfall nosedives by staggering 25 per cent with London commuters and foreign travellers not returning June 27, 2022 High street footfall fell 25 per cent in May, from the previous month, according to RSM UK’s analysis of the latest data from Datscha, published this morning. London continues to be hit by hybrid working with less workers commuting into the city, and international and business travel is still not back at full capacity. Whereas [...]
