Council says it wants to rid central London of ‘candy and tat shops’ March 3, 2022 Westminster City Council has outlined its intention to rid central London’s Oxford Street of “questionable candy and tat shops” as a part of a £150m rejuvenation. Rachael Robathan, leader of the council, tonight said “Oxford Street is Europe’s hardest hit street” by Covid and that the decline will continue without a serious intervention. Footfall on [...]
‘How hard can it be?’ Metro Bank founder Anthony Thomson on the retail banking revolution September 7, 2023 Metro Bank and Atom founder Anthony Thomson talks to City A.M. about the retail banking revolution and why he won’t be stopping anytime soon.
London’s FTSE 100 drops after second big Bank of England rate hike September 22, 2022 London’s FTSE 100 plunged today after the Bank of England lifted interest rates 50 basis points for the second time in a row. The capital’s premier index fell 1.08 per cent to 7,159.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 2.05 per [...]
West End landlord points to new signings as proof of post-lockdown recovery December 6, 2021 West End landlord Shaftesbury has signed over 60 new retail and leisure brands since October 2020, in a vote of confidence for central London’s post-lockdown recovery Bosses said this interest highlights the speed of the West End’s recovery following the lifting of pandemic restrictions. Some 33 retail brands including American Eagle and Aerie have set [...]
Events group Ascential eyes break up and US listing April 11, 2022 London-listed media and events group Ascential has confirmed today it is exploring spinning off a section of its business, after reports that it was looking to float its digital assets in the US.
Asos shares jump after posting ex-Paddy Power boss to board January 13, 2022 Asos has posted the former boss of Paddy Power to its board today, in a move which helped pushed the retailer’s share price up over 10 per cent. The online retailer also announced this morning that it would be shifting to London’s main market, after two decades on the junior AIM index. Patrick Kennedy, who [...]
Bringing retail investors into the fold creates equality of opportunity from our wealth May 3, 2022 In the 1980s, one of the UK’s most high-profile flotations was the privatisation of the state-owned British Gas. The government’s “Tell Sid” 1986 advertising campaign attracted many of its 500,000-strong army of private investors. During the countdown to the British Gas shares sale, the government courted subscriptions from retail investors in every way imaginable – [...]
UK locks down amid largest rail strike in 30 years – Millions face disruption – Retail footfall slumps June 21, 2022 Train and London tube passengers continue to face travel chaos due to the biggest strike by rail workers for a generation. Brits are urged to work and stay at home today, as road congestion is widely expected. Bolt crashed earlier this morning following a surge in both demand and prices, while the National Rail Enquiries [...]
FTSE 100 close: Markets in the red as Bank of England hikes interest rates to 5.25 per cent August 3, 2023 London’s FTSE 100 stayed in the red through most of Thursday on a day which saw the Bank of England confirm a 14th consecutive interest rate hike of 25 basis points. The capital’s premier index was down 1.27 per cent by midday and closed at -0.51 per cent. The domestically-focused mid-cap FTSE 250 index, which [...]
Monzo ‘repeatedly failed customers’ by not sharing data, competition watchdog says July 26, 2022 The competition watchdog has accused Monzo of “repeatedly” failing its customers today after it found the digital lender had failed to share transaction data with people closing down their accounts.