Clipper confirms £947m takeover offer by GXO logistics February 20, 2022 Clipper Logistics has confirmed it is being courted with a £947m takeover offer by suitor GXO, a US logistics giant.
Westminster Council: West End to receive millions in recovery support fund February 1, 2022 Westminster Council is to inject millions of pounds into reviving the borough’s hospitality industry. Within a £190m investment to support the area, the council has announced a dedicated £1m to recruit waiters, baristas and bar staff, it said yesterday. Some £150m is to be used to redesign the Oxford Street district and make Strand Aldwych [...]
London markets boosted by bullish Omicron outlook December 7, 2021 Investors continue to be bullish about the Omicron variant posing little threat to the global recovery from the pandemic, lifting London markets today. The capital’s premier FTSE 100 index shot up 1.13 per cent to 7,314.33 points during the first hour of trading. The mid-cap FTSE 250 index, which is more aligned to the health [...]
London ensnared by global market turmoil as recession jitters spread May 19, 2022 The City was ensnared by a global market sell off today driven by investors ditching stocks over fears soaring inflation will tip major economies into recession. Britain’s biggest companies shed around £40bn today. London’s premier FTSE 100 index tumbled just under two per cent, taking its total losses for the year so far to nearly [...]
Lorry driver strikes could exacerbate supply chaos September 6, 2021 Lorry drivers at two companies supplying convenience stores and construction firms have threatened to strike amid ongoing supply chain disruption. Any industrial action would intensify the supply shortage chaos affecting sectors already hit by a shortfall of HGV drivers, union bosses warned. Drivers working for Booker Retail Partners voted unanimously for strike action while drivers [...]
JP Morgan snaps up Old Street property for £181m October 5, 2021 The Great Ropemaker Partnership has announced the sale of 160 Old Street, EC1, to a fund advised by JP Morgan Global Alternatives for £181.5m. The fund comes under the management of JP Morgan’s alternative investment arm which has $191bn in assets under management. The Old Street property was comprehensively refurbished while under the management of [...]
Mulberry warns it will swing to a loss as coronavirus hits handbags March 24, 2020 Luxury fashion brand Mulberry has become the latest brand to warn on the impact of the coronavirus on trading, as it anticipates losses in the second half of the year. The brand said it would suspend payouts to shareholders as recent trading in its stores, particularly in the UK, had been severely impacted by the [...]
What are the top FTSE 100 stocks to keep an eye on as the index begins to recover? March 22, 2022 Two years ago today, the FTSE 100 index closed at 5,190 points, after its 32% covid-19 pandemic-induced crash since 17 January 2020. But even as the Russia-Ukraine war rages, the UK’s premier index is back to 7,405 points, only slightly down from its 7,611 February high. And with oil, inflation, and interest rates rising, value investors are now [...]
London business confidence increased in August August 31, 2021 Business confidence in London increased four points during August to 41 per cent, as the city looks to recover from the pandemic. Companies in the city described higher confidence in their own business prospects month-on-month, up 14 points at 43 per cent, according to the latest business barometer from Lloyds Bank Commercial Banking. Businesses’ optimism [...]
London markets dip as Darktrace continues to tumble November 12, 2021 Cambridge-based cybersecurity firm Darktrace continued to tumble today, dragging London markets down with it. The capital’s premier FTSE 100 index dipped 0.49 per cent to 7,347.91 points, while the mid-cap FTSE 250 lost 0.07 per cent, falling to 23,557.52 points. Darktrace plunged over four per cent during morning exchanges, extended a brutal period for the [...]