The chairman of Marks and Spencer has delivered a stark warning about the United Kingdom’s capability to combat cyber threats, revealing the retailer sought assistance from the US Federal Bureau
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Luxury timepiece retailer Watches of Switzerland has posted record revenues of £1.65 billion, yet shares tumbled 8 per cent following warnings about US tariff impacts on profit margins. The company’s
Marks & Spencer is poised to file an insurance claim of up to £100 million following a recent cyberattack that severely disrupted its operations. The retailer’s main insurance policy, facilitated
The economic repercussions of rising tariffs on apparel sourced from overseas loom large for retail giants like JD Sports, Nike, Adidas, and New Balance. With US tariffs climbing to over
British consumer confidence has hit its lowest point in 11 months, plunging 40 points since the summer general election, according to the latest British Retail Consortium (BRC) survey. The monthly
British retail prices experienced a notable decline this month, driven by substantial discounting in furniture and fashion sectors, though the overall rate of price decreases has begun to moderate. Shop
Hornby, the renowned model railway manufacturer, has reported a remarkable 23 per cent increase in December sales year-on-year, demonstrating the enduring appeal of traditional toys in today’s digital age. The
British government policies, rather than traditional market forces, will emerge as the primary driver of food inflation throughout 2025, according to leading City analysts at Shore Capital. The investment firm’s
The United States has witnessed a surge in corporate bankruptcies, reaching levels not seen since the aftermath of the 2008 global financial crisis. The stark reality of elevated interest rates
British businesses are showcasing remarkable optimism for 2025, with fresh survey data revealing that 70% of companies anticipate increased turnover in the coming year, marking a significant rise from 62%
The renowned doughnut manufacturer Krispy Kreme has fallen victim to a significant cybersecurity breach, causing widespread disruption to its online ordering systems since late November. The incident, which has materially
British employers’ demand for staff has plummeted to its lowest level in four years this November, as Chancellor Jeremy Hunt’s recent Budget tax increases cast a shadow over the pre-Christmas
British retailers are steeling themselves for what industry experts predict will be a restrained festive trading period, with mounting concerns over household energy costs and housing expenses weighing heavily on
Next, the popular UK retailer, is set to achieve its raised profit guidance despite wider economic concerns within the retail sector, according to analysts at Shore Cap. In a research note, the bank highlighted Next's positive outlook on the UK consumer environment, which it described as "more benign" but with significant uncertainties.
