Could global cities be the cause of, and solution to, climate change? December 14, 2021 Homer Simpson once famously said: “here’s to alcohol: the cause of, and solution to, all of life’s problems”. To paraphrase Springfield’s most famous resident, we could say a similar thing about big cities and climate change. Big cities are often seen as part of the problem regarding climate change, responsible for high levels of greenhouse gas [...]
Boohoo coughs up £72 million for new Soho office April 13, 2021 Boohoo has bought a new office in Soho in London’s West End for £72m, which will house approximately 600 staff. The office, located at 10 Great Pulteney Street, will become home to all London-based product, marketing, technology and central support teams, and offer flexible working for Boohoo staff. In an update this morning, Boohoo said [...]
Taylor Wimpey orders increase by £500m despite 2020 pandemic hit January 14, 2021 Taylor Wimpey saw orders increase by £500m despite the housing market shut down, its annual performance review revealed this morning. Despite the house builder suffering during 2020, with housing completions falling nearly 40 per cent, the company started 2021 with an order book valued at £2.7bn, as opposed to their £2.2bn orders for 2019/20. “Looking [...]
B&Q owner Kingfisher signs £550m credit deal linked to sustainable targets June 2, 2021 Kingfisher has signed a £550m three-year credit deal that will see it benefit from a lower interest rate on the loan if it delivers specific targets to help tackle climate change. Kingfisher, which also owns Screwfix, has updated its climate change targets to reduce emissions by 2026 in a way that will not contribute to [...]
Soho House mulls $3bn New York listing amid IPO boom February 25, 2021 Private members’ club Soho House is the latest company reportedly mulling a New York listing with a valuation of up to $3bn. Soho House, which operates 27 clubs around the world, first considered a Wall Street listing in 2018. This time round the company has hired JP Morgan and Morgan Stanley and is looking to [...]
Sir Philip Green’s office furniture up for sale as administrators flog Arcadia assets after collapse March 22, 2021 Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire. Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house. Arcadia collapsed into administration last year, putting 13,000 [...]
Taylor Wimpey reinstates dividend as profit falls two-thirds March 2, 2021 Housebuilder Taylor Wimpey today said that it would reinstate its dividend after a year in which profit before tax at the firm fell 68 per cent. Having cut its dividend when the coronavirus forced it into site closures in the second quarter, the FTSE 100 company said it would pay out a final dividend of [...]
Markets bracing for tough week: China trade slows as zero-Covid policy has disastrous impact on economy May 9, 2022 With China continuing to pursue its zero-Covid policy the restrictions in Shanghai are having a chilling effect on economic output there, as well as port activity, or rather the lack of it, as container ships continue to sit off the Chinese coast waiting to be unloaded. This morning’s China trade data for April only serves to reinforce [...]
House prices fall as sellers hope to beat tax deadline January 18, 2021 Average property prices fell by nearly £3,000 this month (-0.9 per cent) as sellers tried to temp buyers to squeeze in a sale before the end of the stamp duty holiday. Despite their efforts sellers are unlikely to beat the stamp duty deadline, according to Rightmove, as it typically takes more than four months to [...]
The whisky-maker putting the ‘fun’ in Non-Fungible October 13, 2021 Glenfiddich is putting the “fun” into non-fungible, with NFTs you can drink. The pioneering single malt whisky brand is partnering with BlockBar, a new platform for buying, collecting and trading non-fungible tokens (NFTs) related to luxury wines and spirits. The service will launch next week, with the sale of limited edition Glenfiddich NFTs: fifteen unique [...]