By: Amber Murray

Retail Reporter Amber Murray is a reporter at CityAM, covering retail, luxury and property stores. Prior to CityAM, she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at [email protected]

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High interest rates and the election dampened London prime property market

July 12, 2024

It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the dip in demand, as buyers waited for certainty and stability before investing in property. “A lot of buyers postponed plans due to a combination of [...]
Red Sea disruption hits sales at Poundland owner Pepco

July 11, 2024

Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.
Barratt: Capacity to build new homes, but not enough land to build on

July 10, 2024

Barratt is one of the UK's top builiders, but it has struggled to grow this year.
London tech scale-up Unmade acquired by clothes manufacturer Hi-Tech Apparel

July 10, 2024

The deal, valued at 10 times the company revenue, will see Unmade, which is working to solve fast fashion's problems though tech-enabled customised clothing on demand, work with Hi-Tech to automate the fashion industry.
Travis Perkins appoints non-exec as new boss

July 10, 2024

Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]
Is UK housing back on track? London estate agent Winkworth’s sales are on the up

July 10, 2024

Winkworth Estate Agents have announced a boost in sales figures after a two years of falling sales amid a tight housing market. The company expects pre-tax profits for the year to be in line with market expectations of £2.4 million, and announced a shareholder dividend of 3p per share to be paid for the second [...]
Travel to Asia and the Americas drives strong Hostelworld results

July 10, 2024

Hostelworld has reported a period of strong growth thanks to strong demand for international travel.
JD Wetherspoon: Tim Martin on a ‘gradual recovery’ and Reeves’ plans for pubs

July 10, 2024

Labour costs have increased by £164m in this financial year compared to 2019, while energy, repairs and interest costs have risen by £28m, £38m and £16m respectively.
Dyson to cut up to 1,000 jobs in the UK as firm looks to cut costs

July 9, 2024

"We have grown quickly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future. As such, we are proposing changes to our organisation, which may result in redundancies,” chief executive Hanno Kirner said.
Mulberry makes surprise chief executive change amid luxury spending struggles

July 9, 2024

The luxury brand has suffered this year as wealthy shoppers continued to slow their spending.

Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’

Royal Ascot worth £140m to UK economy

The best places to eat sandwiches in Lisbon, from bifanas to pregos

By: Amber Murray

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