John Lewis to make redundancies as major store changes announced August 13, 2024 Department store giant John Lewis is to cut more than 150 jobs as it unveiled a major restructuring plan to its partners. The company is to reduce its headcount by 153 roles, about one per cent of its current workforce, which it hopes to achieve by natural attrition and voluntary redundancies. The news was first [...]
Banksy: City of London moves art installation to Guildhall so it’s ‘properly protected’ August 13, 2024 The City of London has moved an installation from mysterious artist Banksy to protect it and allow the public to view it. On Monday, a City of London sentry box appeared with artwork, depicting piranhas in a fishtank, in the heart of the Square Mile, by Ludgate Hill. Commuters and onlookers were seen taking pictures [...]
Crest Nicholson shares slump as Bellway walks away from £720m takeover August 13, 2024 London-listed housebuilder Bellway has announced it will not make a firm offer to buy rival Crest Nicholson with the company stating that its “strong balance sheet” and land bank would be sufficient to fuel growth independently. Following the announcement Crest Nicholson’s shares slumped by just over 16 per cent to 221p per share. Bellway first [...]
What Paris should learn from London’s Olympic media legacy August 13, 2024 The 2024 Olympics are over and Parisians peeved at the general logistical chaos inflicted on them by the influx of tourists will be breathing an ‘ooh la la’ of relief. But, like the short-lived breakdancing event that has been axed for the 2028 Games, the actual sport is just a fleeting moment in the grand [...]
TikTok Olympics and the Snapchat Summer: How Paris 2024 went digital August 13, 2024 Whether it was a Peter Griffin Family Guy soundtrack on Rachael Gunn’s breaking routine or Henrik Christiansen on TikTok with his chocolate muffins, the Paris 2024 Olympic Games have been dominated by social media and digital experiences. Content has engaged audiences, sent moments viral and, at times, encouraged trolling – but Paris 2024 felt like [...]
London security on high alert ahead of Taylor Swift gigs August 13, 2024 Taylor Swift will return to the UK on Thursday for a string of five gigs at London’s Wembley stadium, putting the capital’s security services on high risk – particularly in light of the cancellation of her shows in Vienna after a foiled terrorist attack. “We are seeing very tense times,” Yair Daren, director of London-based [...]
London economy set for another Taylor Swift gold rush August 13, 2024 London is set to receive another gold rush this week as Taylor Swift returns for the second UK leg of her Eras tour. The global pop sensation, who has already dazzled London with three dates in June, will perform five more shows in the capital, which is expected to generate £108.5m for the city’s economy, [...]
Unicorn digital bank Oaknorth to award first dividend after bumper profit August 13, 2024 Digital challenger bank Oaknorth has agreed to award its maiden dividend to shareholders after the fintech unicorn enjoyed a jump in profit last year.
Two-thirds of alternative fund managers hit with fines over governance failures August 13, 2024 Two-thirds of alternative fund managers have been hit with fines or sanctions in the last two years due to governance failures, new research has revealed. Alternative funds managers, which focus on markets beyond stocks and bonds such as property, private equity and infrastructure investing, are increasingly under pressure to up their governance ability, Bovill Newgate [...]
Five fintechs on the verge of unicorn status August 13, 2024 The fintech sector is experiencing lightning growth, with a number companies on the brink of joining the coveted unicorn club – a title given to privately-held startups valued at over $1bn. According to recent data from Crunchbase, analysed by investment bank Panmure Liberum, a handful of fintech firms are leading the charge, with valuations upwards [...]