West End landlord Shaftesbury reaps rewards of London’s exploding rents May 24, 2022 West End landlord Shaftesbury has reaped the rewards of exploding rental growth in London, as its portfolio valuation swells as the new Elizabeth line is unveiled. The real estate investment trust raked in nearly £19m in rent in the six months to 31 March, as its offices, hospitality and leisure, retail and residential portfolio increases [...]
MPs amp up pressure to avoid placing London in Tier 3 when lockdown lifts November 25, 2020 The Prime Minister is facing mounting pressure from his own party to avoid placing London in Tier 3 when England’s lockdown lifts, over fears tough restrictions could cripple businesses in the capital. Reports of government plans to place London in the highest level of restrictions under the new tier system, set to be announced tomorrow, [...]
Exclusive: Huge rates hike for logistics warehouses as Amazon bill to rise more than £1m April 8, 2022 Occupiers of logistic warehouses are braced for a dramatic rates hike, data shared exclusively with CityA.M. has revealed. With e-commerce firms desperate to grab space, rents in the industrial and logistics sector have shot up. Rental growth means will see average increases of 18.7 per cent across the board on business rates payable from April [...]
Sainsbury’s shares slip as investors spooked by latest update July 2, 2024 Sainsbury's food sales have continued to grow with the supermarket gaining a boost from its one hour grocery delivery service and its Aldi price match scheme.
Bitcoin cashback announcement ends in controversy for UK fintech Mode November 18, 2021 Major retailers Boots and Ocado have distanced themselves from an announcement claiming they would offer customers cash back in Bitcoin. Today London-listed fintech Mode announced it would be adding more than 40 UK retailers including Boots, Ocado and Homebase to its crypto cashback rewards scheme. However, in comments to City A.M. both Boots and Ocado [...]
The Notebook: Neil Bennett on replacing himself with AI November 1, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of global co-CEO of H/Advisors, Neil Bennett. What to look out for at the AI Summit, from Elon to lip service I, or artificial intelligence, has been the talk of the town for quite some time now. The technology [...]
Nightcap: Cocktail group urges RMT to move rail strikes in exchange for free drinks November 25, 2022 The owners of UK cocktail group Nightcap have called on the union RMT to switch the rail strike dates in exchange for free drinks. Co-founders Sarah Willingham and Michael Toxvaerd – who own the likes of Cocktail Club, Barrio and the Adventure Bar Group – pleaded with the RMT to move their planned walkout from [...]
On the 200th birthday of the pint and after Euro 2024, let’s pour beer duty down the sink June 17, 2024 As you’re enjoying the Euro 2024 Championships in Germany don’t forget how much the taxman is hitting each and every pint you drink. So on the 200th birthday of the pint measurement it is time the political parties help us all out, on both sides of the bar, writes Emma McClarkin OBE, British Beer and [...]
Hargreaves Lansdown records slump in profits as pandemic investment surge settles February 22, 2022 Retail investment platform Hargreaves Lansdown recorded a dip in profits for the first half of its financial year as the pandemic boom in trading volumes began to settle.
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]