Interest Rates

BoE holds interest rates at 4.75%

The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…

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How China and ‘memory makers’ are shaping luxury retail trends

The global luxury retail market is at a turning point, navigating economic shifts, evolving consumer preferences, and new growth opportunities.…

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Today’s news in brief-12/12/24

Central Group’s executive chair Tos Chirathivat admitted to overpaying in hindsight for Selfridges and other European luxury department stores as…

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Selfridges co-owner admits £4bn price was ‘too high’

Tos Chirathivat, the executive chair and CEO of Thai family conglomerate Central Group, said in a conversation with The Financial…

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Bank of England cuts interest rates to 4.75%

The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The…

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Castore swings to pre-tax loss of £28.8m despite sales surge

British sportswear brand Castore has reported a pre-tax loss of £28.8m for the year ended 4 February 2024 after previously…

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Today’s news in brief-16/10/24

Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from…

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Inflation falls to lowest rate in over three years

UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This…

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Today’s news in brief-14/10/24

Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the…

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Sainsbury’s chief calls for Budget action on consumer confidence

Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this…

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