Boohoo: Prettylittlething crashes into the red as Mike Ashley battle continues Retail Fresh light has been shone on Boohoo’s financial struggles amid its ongoing battle with billionaire Mike Ashley. The financial performance of some of the Manchester-headquartered group’s most well-known brands have been revealed including Prettylittlething crashing into the red and sales being slashed at Nastygal. While Boohoo reports its group results to the London Stock Exchange, [...]
National World: Shares in Yorkshire Post and The Scotsman owner surge after £56m takeover offer Business Shares in National World, the media group whose titles include Yorkshire Post and The Scotsman, have surged to their highest level in more than a year after a takeover offer with over £56m was revealed. Irish media group Media Concierge, which is London-listed National World’s largest shareholder with a 26 per cent stake, has tabled [...]
Gordon Ramsay: Why celebrity chef’s restaurant empire is backing London hospitality The boss of Gordon Ramsay’s restaurants empire has opened up about why the celebrity chef is launching new sites at the top of the City of London’s tallest building next year. In May it was announced that the group, which already includes more than 50 sites, had leased around 30,000 sq ft across four floors [...]
Police carry out ‘controlled explosion’ at US embassy in London’s Nine Elms November 22, 2024 A “controlled explosion” has been carried out by Metropolitan Police officers outside the US embassy in Nine Elms, London. It followed reports of a suspicious package outside the embassy. The police said in a statement: “We’re aware of speculation online about an incident in the vicinity of the US Embassy in Nine Elms. “Cordons are in place in the area as a [...]
Workspace: London flexible office firm’s profit up despite low occupancy rates November 22, 2024 Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
Layla film review: a bold tale of London and LGBTQ love November 21, 2024 Layla film review and star rating: ★★★★ Independent film Layla begins with a Pride event that will look familiar to all those sceptical of Rainbow Capitalism. Bilal Hasna plays the title character, a British-Palestinian non-binary drag queen who lands a gig performing for a delivery app company. When a high paying show turns out to [...]
Family-run coach firms reeling from inheritance tax overhaul November 21, 2024 While there are a handful of national players, around eight in ten small and medium sized coach operators in Britain are family-owned.
TV firm founded by Jake Humphrey and David Coulthard back in the black November 21, 2024 Whisper Films, the TV production company co-founded by broadcaster Jake Humphrey and former F1 driver David Coulthard, returned to the black during its latest financial year as its turnover jumped. The business, which was also set up by BAFTA-winning CEO Sunil Patel, has posted a pre-tax profit of £4.3m for the 12 months to 31 March, [...]
Homeowners face massive inheritance tax hike after Budget hit November 21, 2024 London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Great Britain triathlon star Alistair Brownlee retires November 21, 2024 Alistair Brownlee might have done more than any other British athlete when it comes to leaving his sport in a better place than he found it. The 36-year-old has announced his retirement from triathlon after a glittering 18-year career gilded by two Olympic gold medals and a host of major titles. When Brownlee started competing, [...]