British retail sales unexpectedly drop in December

• Shares of Cartier owner Richemont jump 16% as sales rise in December quarter

  Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
  
  CNBC - 1d

• We're buying more of this retail stock that's showing positive sales momentum

  The company is having a nice fourth quarter, according to a note published by Truist on Friday.
  
  CNBC - Jan. 10
• 

  Greggs shares drop on sales slowdown

  UK bakery chain blames ‘subdued high street footfall’ for weaker earnings
  
  Financial Times - Jan. 9
• 

  December sales provide little cheer for retailers

  Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.
  
  BBC News - Jan. 7
• 

  UK retail sales growth ‘minimal’ in final quarter of 2024, data shows

  BRC survey suggests consumers stayed cautious during what is usually busiest time of year
  
  Financial Times - Jan. 7
• 

  Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

  Electric vehicle sales are growing globally overall, despite Tesla's recent slump.
  
  Wired - Jan. 4

• Apple offers rare iPhone discounts in China as foreign smartphone sales drop

  Apple Inc. has kicked off the new year with iPhone discounts in China, underlining the challenges facing the tech giant in one of the world’s most populous countries.
  
  MarketWatch - Jan. 3

• Tesla's annual sales drop for the first time in a decade

  Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.
  
  CBS News - Jan. 2
• 

  BYD, Chinese EV Peers Post Record Sales for December

  Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.
  
  The Wall Street Journal - Jan. 1

More from Financial Times

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  US Supreme Court upholds divest-or-ban law targeting TikTok

  Unanimous decision puts future of popular video app in hands of Donald Trump
  
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  Charlwin Mao, the RedNote founder welcoming ‘TikTok refugees’

  A sudden surge of US users on Xiaohongshu, also known as RedNote, could threaten China’s Great Firewall
  
  Financial Times - 4h
• 

  Gilts post best week since July after run of poor economic data

  Investors increase bets the Bank of England will be more aggressive in cutting rates as FTSE 100 hits record high
  
  Financial Times - 5m
• 

  Wanted: a clear governing philosophy for Labour

  School and workers’ rights reforms jar with the government’s stated growth mission
  
  Financial Times - 1h
• 

  The bond markets vs Donald Trump

  There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investors
  
  Financial Times - 6h

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  The fine stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.
  
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  CNN Ordered to Pay at Least $5 Million for Defaming Security Contractor

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  I.R.S. Commissioner to Quit as Trump Takes Office

  The president-elect has said he plans to nominate Billy Long, a former Republican congressman, to the role.
  
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• Supreme Court upholds TikTok ban, but Trump might offer lifeline

  Although President-elect Donald Trump could choose to not enforce the law, it's unclear whether third-party internet service providers will support the app.
  
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