Shop ’til you drop: High street stores to stay open until 10pm after lockdown March 26, 2021 High street stores will be allowed to stay open until 10pm when they reopen next month. Non-essential retailers should be given the opportunity to extend opening hours to trade between 7am and 10pm every day except for Sunday, the government has said. The extension is intended to help reduce footfall, ease transport pressures and make [...]
London’s £10m+ home market is booming in these postcodes despite lockdown pause October 14, 2020 The market for homes worth more than £10m has boomed this year with total sales eclipsing £1bn despite the shutdown of the industry during the coronavirus lockdown.
Fashion giant Forever 21 files for bankruptcy September 30, 2019 Forever 21 has filed for Chapter 11 bankruptcy, becoming the latest retail chain to fall victim to challenges on the high street. The global fashion brand has requested court protection from creditors in the US, joining more than 20 other retailers which have filed for bankruptcy in the last two years. Read more: Retail sales [...]
Nobu and Hakkasan delivery app Supper to raise £5m to expand high-end restaurant platform across London April 6, 2021 Premium London restaurant delivery app Supper, which counts Nobu, Hakkasan, Zuma and Hide among its clients, has launched a £5m funding round to expand across the capital. The takeaway platform, which has described itself as the “Michelin star Deliveroo”, will raise £1.5m through private equity investment firm Growthdeck as part of the fundraise. Supper, which [...]
UK house prices surge to record high in September November 18, 2020 UK house price growth accelerated in September, driving average property prices in London and across the UK to a record high. House prices across the UK increased by 4.7 per cent to £245,000 in the year to September, up from three per cent growth in August. London’s average house prices hit a record high of [...]
Covid restrictions drive online food shopping to record high as customers eat in to help out February 2, 2021 Online grocery shopping hit a record 14 per cent share of the UK grocery market in January, as customers bought more food to enjoy from home. The growth was boosted by a 229 per cent year-on-year rise in online spending by retired households. Supermarkets saw sales growth accelerate to 12.2 per cent in the last [...]
All bets car off: Lamborghini enjoys most profitable year ever despite Covid-19 March 19, 2021 Lamborghini enjoyed its most profitable year ever in 2020, despite coronavirus restrictions and a two-month shutdown of its Italian factory during the pandemic. The luxury car retailer delivered 7,430 vehicles in 2020, generating a record turnover of €1.61bn. Although sales were slightly lower than in 2019, Lamborghini sold more expensive, customised supercars, sending profits soaring. The [...]
Before the Open: Late US tech selloff set to act as a drag on European open April 15, 2021 US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day lower, while the Dow and Russell 2000 finished higher on the day. Despite the mixed close the S&P500 and Dow still managed to post new record highs. Coinbase finished its first day of trading, closing [...]
Mears built up sturdy revenue last year, dipping only nine per cent May 12, 2021 Housing and care provider group Mears built up a sturdy revenue of £805.8m last year, dipping only nine per cent, but was still struck by profit losses like most firms in 2020. The group, which manages and maintains 17,000 homes for local and central governments, reported £15.2m worth of losses of £15.2m, for the year [...]
Travis Perkins restarts Wickes demerger process as profit slumps March 2, 2021 Travis Perkins has recommenced the process to demerge its Wickes home improvement business, the company said on Tuesday. The group had put the process on hold at the start of the pandemic in March last year. CEO Nick Roberts believes it is the right time for Britain’s biggest seller of building materials to restart the [...]