Stansted’s February recovery exceeds November’s but remains behind pre-Covid levels March 11, 2022 Stansted’s owner MAG Airports has reported the airport’s recovery levels in February have surpassed those registered in November. The group said that after the UK Government removed all travel restrictions under the ‘Living with Covid’ plan, passenger numbers reached 1.15m, a 3190.9 per cent surge compared with the same period last year. Levels, though, remained [...]
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.
FTSE 100 close: BT and Burberry slump to bottom of London index as easyJet regains ground May 18, 2023 London’s FTSE 100 kicked higher this today, driven by retailers offsetting a sharp sell off in BT shares after it said it will shed 55,000 workers over the next decade. The capital’s premier index jumped 0.25 per cent to 7,742.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
City Moves: Who’s switching jobs in the Square Mile? May 26, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Vue International Cinema operator Vue International has poached its new chief operating officer (COO) from fashion retailer Urban Outfitters. Claire Arksey, who has previously held senior operational roles at Superdry, Reiss and Ted Baker, oversaw nearly 270 stores [...]
JD Sports’ chair steps down after City watchdog fine for covert car park meeting May 25, 2022 JD Sports’ executive chairman Peter Cowgill is to step down from his role with immediate effect, the sportswear brand has announced. The London-listed retailer said it had opted to accelerate a separation of the roles of chair and chief executive. Cowgill’s departure follows JD Sports and its rival Footasylum being slapped with fine worth almost [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Gradual recovery: Central London shows signs of return to the office September 13, 2021 Central London has begun to show signs of a return to the office, but the capital’s retailers and attractions are yet to reap the benefits of a complete footfall recovery. Londoners marching back to the office has seen footfall levels lift 4.2 per cent, but foot traffic as a whole has slumped 7.8 per cent [...]
Sadiq Khan proposes £10m London tourism cash pot to lure back visitors February 16, 2022 London mayor Sadiq Khan has proposed a £10m tourism investment pot, to be used to lure people back to the capital. Some £3m will be pumped into Khan’s £6m ‘Let’s Do London’ campaign, which City Hall claims has pulled £70m back into the city along with 280,000 visitors. Another £7m will then be used for [...]
Tesco chairman accused of inappropriate behaviour, Guardian reports May 9, 2023 The Tesco chairman John Allan has been accused of alleged inappropriate behaviour relating to four women, according to reports in the Guardian. Allan, the newspaper claims, allegedly touched the bottom of a senior female Tesco staff member in June 2022, at the firm’s annual general meeting (AGM). He also allegedly touched the bottom of a [...]