Up-to-date coverage of the latest events in UK retail.
M&S set to lose its FTSE 100 place after 35 years
M&S is set to lose its place on the FTSE 100 today when the stock market closes this evening after 35 years of being on the list of the top 100 companies.
The struggling retailer will lose its blue-chip status and drop down to the FTSE 250 after its share price deteriorated following several years of tough trading conditions.
Next, JD Sports, Kingfisher and Primark owners - Associated British Foods - are the only general retailers left in the FTSE 100.
Hammerson set to offload stake in Bicester Village
Shopping centre operator Hammerson is set to offload its £1.9bn stake in designer outlet business Bicester Village as part of its ongoing cost-cutting initiative.
The property firm has a 39 percent share in Value Retail – the owner of Bicester Village – which also owns nine other shopping centre outlets across Europe totalling more than 1000 stores
Bicester Village in Oxfordshire attracts more than half of all Chinese tourists who visit the UK with discounted luxury and designer items from the likes of Mulberry and Gucci, according to The Times.