GDP growth falls short of expectations, inching 0.1 per cent higher in October December 10, 2021 The UK’s economic growth inched just 0.1 per cent in October, according to the latest figures. The figure remains 0.5 per cent below its pre-pandemic level, the Officer for National Statistic found, falling short of economist and analyst expectations after experts had forecast a 0.4 per cent increase. Construction and hospitality were among the hardest [...]
London dominates hiring hotspots in the UK July 23, 2021 Six of the UK’s top ten hiring hotspots are in London showing that the capital’s jobs market is roaring back to life, according to new research published today. Figures from the Recruitment and Employment Confederation shows Brent has the fastest rate of job posting growth in the UK, rising 3.7 per cent to 4,616 over [...]
Profits fall at The Restaurant Group after £559m Wagamama merger March 15, 2019 The Restaurant Group has posted a drop in profits for last year as well as warning of falling like-for-like sales, but said its controversial takeover of Wagamama will prove “transformative”. Read more: Like-for-like sales fall at The Restaurant Group despite Wagamama boost The figures Adjusted profit before tax slipped eight per cent year on year [...]
FRP Advisory reports dip in insolvency jobs as government measures stave off corporate collapses May 14, 2021 FRP Advisory reported a drop off in restructuring appointments in the last financial year as government financial aid protected many businesses from collapse during the Covid pandemic. The professional services firm, which plans to pay a dividend for the year, said the number of insolvency appointments it secured in the last 12 months was down [...]
Arch-Brexiter Wetherspoons boss Tim Martin pushes for work visa for EU pint pullers June 2, 2021 Brexit-backing Wetherspoon pubs boss Tim Martin has added his name to the list of those wanting to relax work visa rules for EU migrants. Martin, who toured the country’s Wetherspoons pubs espousing the benefits of a hard Brexit, says that the UK should make it easier for lower-skilled EU workers to relocate here. His comments [...]
Why a cruise to the Norwegian Fjords is a journey through time July 11, 2022 At heart, I am a Victorian explorer. A century-and-a-bit late, I often find myself seeking out the new frontiers of my spirit era, so a week-long cruise from Amsterdam to the Norwegian fjords onboard Holland America Line’s new flagship, Rotterdam, is just the ticket. Gliding serenely between steep cathedrals of towering rock to the soundtrack [...]
Tory central London MP calls for fresh package to support the West End June 22, 2021 A Conservative central London Tory MP is today calling for a fresh package of economic support to help the capital’s post-Covid economic recovery, with specific measures for the West End. Cities of London and Westminster MP Nickie Aiken today used a 30-minute parliamentary debate today to call for a removal of the £2m business rates [...]
Deliveroo’s fresh funding round brings valuation to over $7bn ahead of IPO January 17, 2021 Food delivery startup Deliveroo has secured $180m in new funding, pushing its valuation to over $7bn ahead of its long-awaited float. The Series H funding round was led by Durable Capital Partners and Fidelity Management & Research and indicates the strong demand from investors ahead of its IPO. The British unicorn is preparing for a [...]
Topps Tiles puts in resilient performance despite lockdown closing stores March 31, 2021 Topps Tiles saw revenue grow in the first half of its 2021 financial year despite the recent coronavirus lockdown closing its stores and halting its commercial work. In the 26 weeks ending 27 March, the tile specialist saw revenues of £103.6m, down slightly from £106m during the same period in 2020. In the first [...]
Exclusive: London workers flood back to the office ahead of freedom day July 15, 2021 Workers in London are already returning to the office in their droves ahead of the lifting of all Covid restrictions on 19 July. Research shared exclusively with City A.M. by Land Sec shows 70 per cent of London office workers are already coming into the office at least one day a week. Read more: So [...]