London has bounced back before and it will do again as Covid-19 rules are dropped January 24, 2022 After a tough economic winter, the lifting of the Government’s Plan B restrictions is a much-needed boost for many Square Mile businesses that rely on footfall traffic from neighbouring offices. These businesses have faced exceptionally difficult trading conditions during the pandemic, with the reintroduction of guidance to work from home last month yet another disappointment. [...]
Pi Labs unveils $90m fund to target ‘proptech’ startups March 8, 2022 London-based venture capital firm Pi Labs has unveiled a new $90m fund today as it looks to supercharge its investment into real estate tech startups.
As London faces off threats to its global status, Dubai is waiting in the wings March 21, 2022 Since the result of the 2016 Brexit referendum on our future in the world and beyond the single market, one of the issues which has caused most angst and speculation has been the status of London as one of the world’s greatest financial centres. With the end of free movement of goods, services and people, [...]
Week ahead: City eyes cladding bill impact on house builders’ bottom lines April 24, 2022 Signs of the negative impact of the government turning to home builders to fix the cladding crisis is likely to draw City traders’ gaze in a week of jam packed corporate and economic announcements. London’s capital FTSE 100 index dipped 0.78 per cent to 7,521.68 over the last week, while the mid-cap domestically-focused FTSE 250 [...]
Debt campaigners sound alarm over Deliveroo’s Klarna tie-up October 12, 2022 Debt campaigners have sounded the alarm over a “worrying” partnership between Deliveroo and buy-now pay later firm Klarna today which they claim could land cash-strapped Brits in mounting piles of debt.
Hotels cashed in on scorching summer but face gloomy winter freeze August 30, 2022 British hotels cashed in last month during a scorching heatwave, but the industry fears its profits will freeze up as the UK prepares for bleak economic times. Holiday destinations across the country had a record-breaking summer with a new survey showing more than 77 per cent occupancy in July compared to 73 in June. This [...]
Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space July 7, 2021 London’s Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in a post-pandemic investment for both retail and hospitality. The 15,200 sq ft space at 70 Oxford Street, part of the redevelopment of the area, is a prime capital spot for a bar looking to capitalise [...]
Plan B: Central London footfall to plummet with businesses in the lurch December 9, 2021 Central London footfall is anticipated to shrink to 50 per cent below 2019 levels following the government’s move to plan B Covid restrictions this winter. Areas like the West End are currently 20 per cent less busy than pre-pandemic levels, with retail experts at Springboard predicting the gap to widen further. Office workers were told [...]
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
Abu Dhabi is booming. We checked into the Shangri-La to get the lowdown April 4, 2023 Abu Dhabi is booming, so Olivia McEwan checked into one of the best hotels to get the lowdown THE WEEKEND: The Shangri-La Qaryat Al Beri occupies a private stretch of beach on the Khor Al Maqta canal, positioned to offer views over the main island of Abu Dhabi from each of its 213 rooms. Its [...]