LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility September 26, 2022 LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
London’s shopping destinations seeing ‘first sign’ of hit from plan B measures December 13, 2021 Retail destinations have started to see the impact of the government’s latest Covid messaging, after a drop in central London footfall last week. Footfall fell three per cent in central London shopping destinations and 5.3 per cent in the capital’s office hubs last week. Last week, the Prime Minister outlined fresh measures to tackle the [...]
M&S doubles down on plans to demolish Art Deco Oxford St store August 21, 2022 M&S is doubling down on its plans to demolish its flagship Marble Arch store, as its CEO describes a trip to Oxford St as “dismaying.” The supermarket is embroiled in a battle with heritage campaigners over plans to raze its Art Deco store in the West End. M&S says the store has “asbestos throughout,” and [...]
England’s 28 day lockdown will actually only last 27 days as restrictions lift next Wednesday November 24, 2020 England’s national lockdown will last one day shorter than expected, with restrictions set to lift at 0.01am next Wednesday. Announcing the nationwide measures last month, Prime Minister Boris Johnson said the restrictions would last 28 days starting 4 November, as the government scrambled to curb a spike in infections across the country. However, the restrictions [...]
Klarna boss: My three conditions for an IPO – and no, I won’t tell you where November 7, 2023 The boss of Klarna has said he has “three tick boxes” for the firm ahead of a public listing, all of which have now been met, as the Swedish fintech looks to revive its plans for a blockbuster IPO as soon as next year.
Editorial: Heathrow is the gateway to London – it needs to swing itself open June 29, 2022 DURING the pandemic, the travel industry long claimed they should be treated differently. The ensuing chaos at airports, then, was the fault of the government for failing to do so. Heathrow was given special consideration by the Civil Aviation Authority, who allowed it to increase landing fees by more than 50 per cent to £30.19 [...]
The Square Mile’s reputation as a no-go zone on weekends needs to be overhauled October 10, 2022 We must seize this once-in-a-generation opportunity to redefine the Square Mile, just as the Elizabeth Line is connecting more people to the City than ever before.
Shopping centre owner Hammerson sees profits surge as footfall recovers pre-Covid levels July 28, 2022 Property developer Hammerson today said its adjusted earnings had more than doubled on last year, as higher rents as a result of the UK and Europe’s economic from Covid bolstered the shopping centre owner’s business. The London headquartered property investor said its adjusted earnings had increased 154 per cent year on year, after its like-for-like [...]
An online sales tax would be a small hassle for Amazon, but a hard blow for our shops June 21, 2022 The Treasury is considering whether to introduce an online sales tax (OST) as a “means to rebalance the taxation of the retail sector between online and in-store retail”. A decision is expected in autumn – probably as part of the Chancellor’s Budget. If the government has any sense, it will run a mile from taking [...]
FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]