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Christmas

Mortgage approvals reach highest level since 2007 thanks to interest rate cut
By City AM
The property market has started the year off on the 'front foot', according to the CEO of a specialist lender, as mortgage approvals reached the highest level in 15 years
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Welsh retail sector boosted with a surge in footfall in January
Retail & High Street
However, the Welsh Retail Consortium said the outlook remains challenging
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Pattinson Estate Agency sees 'flying start' to 2025 after year of expansion
Company Results
The North Tyneside company has also published accounts for 2023 in which profit dropped following a year of investments
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Creo Medical boosted with first pilot with a health board in Wales
Tech
Creo Medical is piloting its groundbreaking technology with Aneurin Bevan University Health Board
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Gloucester Quays shopping centre hails 'record year'
Retail & High Street
The retail destination was boosted by Black Friday and a busy Christmas trading period
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º£½ÇÊÓƵ retail footfall sees first January increase since 2016 as shoppers delay Christmas spending
By City AM
Retail footfall rose year on year in January for the first time since 2016, due to Brits delaying festive spending in favour of discounted goods in the new year sales
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Entrepreneur Ian Watson looks back on 10 years and £1m of grants through family trust
People
The Watson Family Charitable Trust has helped a range of local and overseas causes since it was launched in 2015, sparking a celebratory event hosted by Muckle LLP
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Aldi to create 1,600 new jobs in º£½ÇÊÓƵ after 'best ever' Christmas sales
By City AM
The discount grocer is set to create 1,600 new roles this year as it expands its store presence in the º£½ÇÊÓƵ, while its rivals slash jobs following a higher national insurance bill
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Mulberry 'neglected to connect' with º£½ÇÊÓƵ shoppers, says boss
Retail
Andrea Baldo said moving forward the company would focus less on China and close 12 stores across its Asian estate
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Crew Clothing to open 20 new stores across the º£½ÇÊÓƵ in 2025 after strong Christmas sales
By City AM
The fashion retailer has revealed plans to expand further after adding 15 new stores in 2024
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North East business life: key charity, award and community events of the weeks
People
Companies and organisations featuring in this week's round-up include Salesfire, TechNExt, Banks Mining, True Potential and Vertu Motors
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New 'LaplandManchester' Christmas experience could bring 1,200 jobs to Cheshire each year
Economic Development
The Lapland Christmas experience, which will be based in Macclesfield, will begin from winter 2025/26
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Marston's reports record Christmas Day sales amid strong festive quarter for º£½ÇÊÓƵ pub chain
By City AM
The pub chain said like-for-like sales in the 16 weeks to 18 January were up 2 per cent, reflecting "strong trading over the festive period"
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Gear4Music turns up revenues over key Christmas trading period
Company Results
The retailer said it had generated positive momentum in a "challenging consumer environment"
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The real reason investors are worried about retail's Christmas results
By City AM
If you were to judge the health of the retail market solely from the last two weeks of festive trading results, you would think the market is in rude health. But that would be a significant departure from the actual sentiment in the market
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Royal Mail owner returns to profit ahead of Daniel Kretinsky's takeover
By City AM
The owner of Royal Mail - International Distribution Services (IDS) - is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion
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Fortnum & Mason vows to limit price rises despite 'challenging' outlook for London store
By City AM
The iconic retailer, which has been trading for over 300 years, said the outlook for its operating costs in 2025 remains "challenging" but is keen to limit passing on cost increases to customers
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Booths hails record Christmas as ‘Waitrose of the North’ sees biggest ever single day sales
Food and Drink
Sales of cheese and pigs in blankets were up
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Ocado Retail celebrates record-breaking year driven by strong Christmas sales
By City AM
Ocado Retail reported a record-breaking year as it boomed before Christmas
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Air fryers, Playstations and LEGO help Very Group to 'strong' Christmas and Black Friday results
Retail & High Street
Group hails 'exceptional sales in home and toys, gifts & beauty categories'
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Card Factory posts 6.2% sales boost after successful Christmas trading
Retail & High Street
The retailer's performance was also buoyed by the opening of 32 new stores and expanded ranges
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Heathrow Airport sets new passenger record after bumper Christmas 2024
By City AM
A bumper Christmas helped Heathrow Airport notch a record number of passengers in 2024, but the airport is already setting its sights on fresh heights for 2025.
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Cornwall firm goes into liquidation owing almost £1m
Insolvency and Administration
Summercourt Travel Limited was declared insolvent in the fortnight leading up to Christmas
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Marks and Spencer shares plunge despite strong Christmas trading update
By City AM
Marks and Spencer shares dropped eight per cent as the retailer revealed its Christmas trading update, which showed food sales growth of 8.7 per cent in the 13 weeks to December 28, with sales of its new Christmas products up 14 per cent
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