Advertising posters for fashion house Burberry high above buildings in Knightsbridge in London, United Kingdom. Image: Mike Kemp/In Pictures (Getty Images) British luxury fashion giant Burberry is having a tough time. Shares of Burberry plummeted 16% during early afternoon hours after the company reported dismal first quarter earnings in which it warned of a slump...
Tag: finance
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Foreign Direct Investment: UK grows as Europe declines
Hywel Ball, EY UK Chair, said: “The UK recorded a rise in inward investment projects last year, outperforming most other countries in Europe. There were standout performances for certain regions including London, Scotland and the West Midlands, however, investment across the country continues to be uneven. “Our survey shows that global investors are confident in...
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6 things UK Prime Minister Keir Starmer wants to fix in his first month
Relations with nations and regions The new prime minister has immediately embarked on a tour of Britain’s devolved nations to seek a “reset” of relations with the first ministers of Scotland, Wales and Northern Ireland. Discussing the four-nations tour at his press conference Saturday, Starmer said he wanted not just to meet the first ministers...
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UK fashion shoppers ditch supermarkets for trendier rivals
GlobalData apparel analyst Alice Price said consumers are becoming more discerning over fashion purchases, leading them away from supermarkets, which are generally seen as less fashionable options. Credit: Shutterstock. Between 2021 and 2023, the UK’s ‘Big Four’ supermarkets’ share of the country’s apparel market fell 1.6ppts from 8.4% to 6.7%. GlobalData said the rising cost...
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Online gambling UK: Did pandemic fuel casino revenues? – London Business News | Londonlovesbusiness.com
New data has revealed that the UK is projected to be in the world’s top two online gambling nations in 2024, with estimated revenue of £11.01 billion from online gambling. Using data sourced from Statista, Japanese Online Casino Guide analysed the projected 2024 online gambling revenue for 61 countries. The countries were then ranked from...
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EY UK Attractiveness Survey 2024
‘No room for complacency’ warns EY Hywel Ball, EY UK Chair, comments: “The UK achieved a strong performance for FDI last year, driven by a resurgence in tech investment and impressive annual growth in sectors such as business services. Significantly, this has also been strategically valuable investment, with UK FDI generating a greater number of...
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United Kingdom International Remittance Business Report 2024: Total Inbound and Outbound Remittance to Reach $17.93 Billion in 2028 – Startups are Entering the Market to Serve the African Diaspora
Dublin, April 10, 2024 (GLOBE NEWSWIRE) — The “United Kingdom International Remittance Market Business and Investment Opportunities – Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q1 2024” report has been added to ResearchAndMarkets.com’s offering. The international inbound remittance market in United Kingdom has increased...
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Frasers Group snaps up performance brand WIT Fitness
Performance brand WIT Fitness describes itself as a brand for the training-obsessed. Credit: Skynesher – Getty Images. Frasers Group‘s head of acquisitions James France told Just Style: “We are pleased to have acquired the assets and IP of WIT Fitness, a globally recognised CrossFit and fitness performance brand.” He added the acquisition brings another elevated...