Joe Biden could favour Ireland travel corridor over London-New York link – reports November 27, 2020 The aviation industry is facing a race against time to set up a travel corridor between London and New York amid fears that President-elect Joe Biden will favour an air link with Dublin instead. There had been hopes that a quarantine-free corridor between London and New York would be in place by Thanksgivings, but these [...]
UK house prices remain stagnant as no-deal Brexit looms August 30, 2019 UK house prices grew at less than one per cent for the ninth month in a row in August, Nationwide figures revealed today, prompting calls for Boris Johnson to slash stamp duty. The value of homes did not grow between July and August, Nationwide’s House Price Index found. Read more: London commuter belt house prices [...]
Gap looks at closing stores in the UK and rest of Europe October 22, 2020 American fashion retailer Gap is considering closing stores in the UK and some other European countrie. The clothing chain is trying to save cash while dealing with a sales slump brought on by the Covid-19 pandemic and competition from fast-fashion companies such as H&M and Zara. The San Francisco-based company, which had 129 Gap brand stores in Europe [...]
CBD revolution: A Covid-proof industry seek the green light December 23, 2020 Even the most prosperous companies have had their work cut out for them this year, as the pandemic hit the global economy, spurring volatility on an unimaginable scale. Yet, in the often-paradoxical world of business, some industries have emerged from the crisis in a favourable position. And it looks like cannabis is among them. 2020 [...]
UK taxes could rise by more than £40bn, says IFS October 13, 2020 The UK is set for years of higher debt and taxes as it recovers from the dual hit of the pandemic and Brexit, according to a leading think tank. The Institute for Fiscal Studies (IFS) published its annual Green Budget in association with investment bank Citi today, and warned that taxes will have to rise [...]
Dunelm sales jump as lockdown fuels interest in homewares January 14, 2021 Dunelm recorded a jump in sales in the weeks leading up to Christmas despite the closure of its stores, as lockdown measures continued to fuel an interest in home improvements and interior decorating. The retailer said total sales were up 11.8 per cent in the 13 weeks to 26 December, driven by “buoyant” consumer demand [...]
Number of UK workers on furlough falls to 6.8m August 21, 2020 The number of UK employees on furlough fell from highs of almost 10m to 6.8m at the end of June as the coronavirus lockdown eased and staff returned to work. The latest government statistics showed that the number of people being paid through the coronavirus job retention scheme dropped sharply in June as some businesses, [...]
Exclusive: Meet London’s sustainable fashion wizards who are on a mission to make soil sexy November 23, 2021 Far from providing a pivotal road map, COP26 has at least uncovered a few tangible solutions for multiple industries to move forward. For the first time ever, fossil fuels have been noted and added to the final agreement, albeit rather half heartedly, with a little help from India and China. Another key take-away was the [...]
Ten Entertainment revenue slumps amid Covid ‘confusion’ January 21, 2021 Bowling alley chain Ten Entertainment today forecast a sharp decline in revenue for the full year as coronavirus lockdowns and confusion over changing restrictions battered sales. The London-listed firm said it expected total sales to fall 60 per cent to £36.3m in 2020 after its venues were forced to close for roughly half the year. [...]
BoE keeps rates steady and dampens expectations of imminent change March 18, 2021 The Bank of England has held interest rates at 0.1 per cent and its bond-buying programme at £895bn, thereby diminishing expectations of changes in the immediate future, with the next announcement not until 6 May. The BoE’s Monetary Policy Committee (MPC) voted unanimously to keep rates at record-low levels. Analysts expected today’s decisions to be [...]