‘Disastrous’: London airports slam UK Government’s tourist tax August 16, 2023 Bosses at three leading UK airports have warned the government that its so-called ‘tourist tax’ is already making Britain a less appealing tourist destination. Senior figures at London City, Heathrow and Gatwick argued that the return of airside VAT-free shopping would be critical for the sector to finally shake-off Covid-19 and keep pace with international [...]
The Square Mile and Me with Rowland Thomas on the energy of the City and its changes over time July 20, 2023 Each week we ask a City figure to take a trip down memory lane. Today, it’s Rowland Thomas, Close Brothers property finance managing director What was your first job? At the local greyhound kennels spreading sawdust on the training runs. I was accidentally paid double rates – £1 instead of 50p per hour – which [...]
Dr Martens: Top bosses miss out on bonuses after ‘disappointing year’ June 12, 2024 The top bosses at iconic British shoe maker Dr Martens will not be paid their bonuses after the brand suffered a "disappointing year" as its pre-tax profit was slashed.
The Square Mile and Me: Asif Aziz on turning London’s neglected spaces into eclectic landmarks October 5, 2023 Entrepreneur Asif Aziz – CEO of Criterion Capital and the operator of the London Trocadero and a host of London landmarks – has made the capital his playground What was your first job?When I was still in school, I was intrigued by the London property market. My first ‘real’ job was at Morgan Grenfell Laurie [...]
Home REIT starts suing its own tenants as shareholders and regulators circle May 7, 2024 The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.
King Charles takes part in first Trooping the Colour ceremony as monarch June 17, 2023 The King has received the official birthday wishes of the nation during his first Trooping the Colour ceremony as monarch. Pomp and pageantry were on display during the military spectacle where the most prestigious regiments in the British Army honoured their Colonel in Chief by parading to mark his anniversary. Charles had deputised for Queen [...]
The Countdown for City Giving Day 2023 Begins August 17, 2023 The countdown has officially begun for City Giving Day, the City’s biggest annual celebration of charity, philanthropy and giving. With just under six weeks to go until the big day, a host of exciting events have been announced, hosted by City businesses across the Square Mile these include a brand-new live online auction to “Knit [...]
UK house prices: Growth down while rents soar by their highest in seven years March 22, 2023 Private rent paid by tenants in the UK rose 4.7 per cent in the 12 months to February 2023, up from 4.4 per cent in the 12 months to January 2023, according to the Office for National Statistics which also reported that house prices increased 6.3 per cent in the same period. Annual private rent [...]
Why the prospect of a Shein listing is dividing the City of London May 22, 2024 Shein's plans to reportedly float on the London Stock Exchange have been seen as a welcome boost in some quarters. But the Chinese founded fast-fashion giant is posing difficult questions for the City, writes Charlie Conchie
AstraZeneca: Britain’s biggest FTSE firm drafts plans to spin off Chinese business – reports June 19, 2023 AstraZeneca, London’s biggest listed company, is looking at plans to spin off its Chinese businesses to protect it from geopolitical tension, according to a report. Citing people familiar with the situation, the Financial Times said the British-Swedish drugs giant has been in talks with bankers for several months. When contacted by the PA news [...]