Plus500 to smash forecasts as retail trading continues to boom October 4, 2021 Booming retail trading volumes prompted trading platform Plus500 to raise its income and profits forecast ahead of analysts’ expectations for the year today. In a trading update, the London listed platform said revenues and earnings will come in far ahead of forecasts after “further positive momentum” in the third quarter of this year. An uptick [...]
Growers warn leek supply will be exhausted by April as Therese Coffey tells Brits to eat turnips February 24, 2023 Growers are warning of a leek shortage that will see British-grown supplies exhausted by April. High temperatures and a lack of rain, followed by a period of cold weather, are being blamed for creating the “most difficult season ever”. Supermarkets are already limiting the sale of tomatoes and other fruit and vegetables because of a [...]
Week ahead: Bumper week of economic data to jolt the City April 10, 2022 The City will be eyeing a raft of flagship economic announcements this week that will send ripples throughout London’s top indexes. The capital’s premier FTSE 100 index registered a strong week last week, gaining 1.75 per cent. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, shrank [...]
Airline bosses call on government to rule out more border closures January 24, 2022 Airline bosses have called on government to rule out the introduction of border closures even if a new Covid-19 variant emerges, as the UK begins to put the pandemic behind it. Government last week brought an end to so-called Plan B restrictions, which saw self-isolation rules and work from home guidance scrapped. With signs of [...]
Who’s next? Retail boss Simon Wolfson urges Government to learn lessons of truck driver shortage September 29, 2021 Next boss Lord Wolfson has urged ministers to relax immigration rules to alleviate a crisis in “warehouses, restaurants, hotels, care homes and many seasonal industries.” The retail titan said that the current shortage of truck drivers was “foreseen, and widely predicted” and said Government needed to learn from its failure to act. The firm upgraded [...]
Summer shoppers hesitant to return to high streets as footfall down 34% on pre-pandemic levels August 6, 2021 High street footfall in July was down by one third on the same month in 2019, before the pandemic, showing businesses still have a long way to go in rebuilding lost trade. High street footfall declined by 34.6 per cent in July compared to 2019, 1.2 percentage points below last month’s rate, according to data [...]
Learn the right lessons from Australia’s barmy shutdown December 3, 2021 It is hard to say whether history will look warmly, or otherwise, on Australia’s response to the Covid-19 pandemic. When the virus first emerged, the country shut down – and shut down hard. It is only in recent weeks that even Aussies, of whom there are so many in London, were even able to contemplate [...]
Our housing system needs to find flexibility in how we use undeveloped brownfield land March 1, 2022 The housing crisis is an oft used term to describe a wide array of problems facing Britons. There’s cladding problems, safety problems, access problems and affordability. But the common denominator is the lack of alternative housing stock. For those struggling to access social housing lists, those in need of emergency accommodation, or even students in [...]
Boris Johnson urges people to get back to the office October 6, 2021 Boris Johnson has called on people to return to their offices and ditch remote working, with the Prime Minister urging young people to embrace traditional working patterns. Johnson said in his keynote Conservative party conference speech today that a “productive workforce” only comes from “face to face meetings and water cooler gossip”. The government has [...]
Queen Elizabeth II: A front-row view to almost a century of history September 8, 2022 Her Majesty Queen Elizabeth II has passed away after a lifetime that has seen everything from World War II to the Covid-19 pandemic. City A.M. look back at the extraordinary events she lived through as Queen of the United Kingdom and the Commonwealth. 1952: Elizabeth becomes Queen following the death of her father, George VI, [...]