Khan urges government to ‘get a grip’ on cost of living crisis February 5, 2022 Mayor of London Sadiq Khan has called on the government to “get a grip” on the cost of living crisis, after energy prices were confirmed to rise by £700 this year. A new energy price cap coming into effect in April will see customers paying an average of £700 more a year. With runaway inflation, [...]
Shares dive for Joules after stake acquisition talks with Next called off September 14, 2022 Joules’ shares have been further subdued after it confirmed it is no longer in discussions with Next acquiring an equity stake in the lifestyle group. The ailing retailer’s share price was down around twelve per cent in early afternoon trading on Wednesday, following an announcement the day before. Shares were down by 33 per cent [...]
Labour to announce review to ensure more start-ups list in London June 15, 2022 Labour will tomorrow launch a review that aims to ensure that the UK is the best place in the world for start-ups, with the party wanting more to go public in London. Shadow chancellor Rachel Reeves has enlisted former Tory Treasury minister, and renowned economist, Lord Jim O’Neill to “explore how to ensure start-ups can [...]
Lidl to invest £4bn in British food businesses in a move it claims will provide its suppliers with ‘security’ and ‘certainty’ January 30, 2023 Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans. Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019. Lidl GB had committed to a £15bn investment in the British food industry between [...]
Heatwave continues: Britain prepares for scorching temperatures as rail, retail and airports face disruption July 19, 2022 Brits are set to face temperatures of up to 41c today which is likely to be the hottest day on record. The country is struggling to cope with the extreme temperatures, with Luton Airport temporarily grounding all flights yesterday due to the heat, which melted a part of the tarmac. London’s transport network continues to [...]
FTSE 100 funds bled £2bn in June, but who is losing out? July 22, 2024 UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Cazoo racked up debts of over £260m as it collapsed into administration July 16, 2024 Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Menzies cancels share listing as Agility takeover goes ahead August 5, 2022 Edinburgh headquartered aviation firm John Menzies has cancelled plans to list more of its shares on the London Stock Exchange. The cancellation comes after the aviation struck a deal with Bidco, a subsidiary of Kuwaiti logistics company Agility, through which it agreed to buy the newly issued shares. The agreement comes after Menzies’ board in [...]
Soaring inflation and recession fears trigger UK dealmaking slowdown June 6, 2023 Mergers and acquisitions in the UK tumbled sharply in the first three months of the year as recession fears and rapid rate hikes spooked dealmakers, official figures have revealed today.
Central London continues to feel impact of Plan B measures January 10, 2022 Central London has suffered another blow to its recovery as shoppers stay away from the city’s retail hotspots. Footfall in the West End and other areas dropped by more than a quarter (25.6 per cent) last week compared to the week before. “With employees continuing to work from home the drop in footfall in Central [...]