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FTSE rises as pound sinks to 10-week low in opposition to greenback

London’s high index inched greater because the pound sank to its lowest for 10 weeks.Sterling has been on a downward path over the previous week amid recent hypothesis from analysts that the Bank of England will pause current rate of interest rises after its...

Luxury market not ‘totally immune’ to retail woes, Watches of Switzerland says

Watches of Switzerland has mentioned the luxurious market just isn't “totally immune” to the cost-of-living squeeze affecting the broader retail sector, because it reported a dip in gross sales in its newest quarter.The multinational Rolex vendor mentioned its major shopper demographic has been typically...

Rolex vendor Watches of Switzerland says luxurious watch demand outpacing provide

Demand for luxurious timepieces “continues to outpace supply”, retailer Watches of Switzerland mentioned, as years-long ready lists for its most in-demand timepieces bought even longer, regardless of it elevating costs.Higher costs, alongside a continued rise in gross sales volumes, helped the enterprise report income...