Delays at Heathrow, Stansted and Gatwick airports as global IT outage grounds over 4,000 flights July 19, 2024 A global IT outage has wreaked havoc on air travel and caused the cancellation of over 1,000 flights worldwide on Friday - with the number expected to climb as the day progresses.
Rail strikes: Time for the government to bang some heads together November 30, 2022 Government has continued to claim rail strikes are a private discussion - but it's time for them to muscle in and find a deal
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
‘Jewel in the crown’: Elizabeth Line’s Bond Street station formally opens October 24, 2022 The Elizabeth Line’s long-awaited Bond Street station opening has taken place, dubbed the “jewel in the crown of the West End’s” transport link. Crossrail’s latest new station will relieve congestion in the heart of London’s shopping district, giving more access to Oxford Circus. Its opening takes place ahead of the 6 November launch of extensions [...]
Dunelm: Savvy shoppers cash in on later winter sales as online purchasing booms April 20, 2023 Dunelm shoppers looking to bag a bargain were boosted by a delayed winter sale, with online purchases seeing another post-pandemic bump. The London-listed retailer reported sales of £432m up from £399m in the same period compared to last year. Dunelm attributed the moving of its Winter sale into the third quarter – compared to the [...]
WH Smith swings back to profit as retailer eyes global expansion November 10, 2022 WH Smith is back in the black after footfall to airports and railway stations returned this year, following the opening up of society post-Covid. The high street staple posted group profit before tax of £63m for the year to the end of August, compared to a loss of £116m it booked the year previously. WH [...]
Tenants will have to ‘accept higher rents’ June 16, 2024 “Tenants are just going to have to accept higher rents as there’s no property available”, a fund manager told City A.M.
Jeremy Hunt to sign ‘milestone’ financial services agreement with EU June 27, 2023 Chancellor Jeremy Hunt will today sign a long-awaited deal with the European Union on improving regulatory cooperation for financial services, in a move that Hunt said will boost the City as a “global financial services hub”. Hunt and EU financial services commissioner Mairead McGuinness will sign a Memorandum of Understanding (MoU) at the European Commission [...]
“We live well, we sleep well, we eat well”: Why Sofitel’s boss is leaning into its French heritage July 18, 2024 “We know how to live life” Maud Bailly is on a mission to give Sofitel a new lease of life as a global luxury marker – with a very French identity Maud Bailly could be doing anything. In her glittering career she’s worked in the French finance ministry and the French Prime Minister’s office. She’s run a [...]
Marks and Spencer’s chairman Archie Norman: Plans to ease post-Brexit trade ‘overbearing and baffling’ January 26, 2023 Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”. Norman, who is also an ex-Conservative MP, has urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern [...]