Rail fares to go up 3.8 per cent from March, adding to increasing living costs December 17, 2021 The Department for Transport announced today that from March rail fares will go up 3.8 per cent, 3.3 per cent less than the current price index (RPI) of 7.1 per cent. The government’s decision will add to the increasing costs of living, fuelled by a 5.1 per cent hike in inflation rates – the highest [...]
Rail passengers to be hit with largest fare hike in a decade August 18, 2021 UK train passengers can expect the largest fare rise in a decade. Increases are usually linked to the previous July’s Retail Prices Index (RPI) measure of inflation, which was confirmed as 3.8 per cent for July 2021 by the Office for National Statistics today. No announcement has been made on what will happen to fares [...]
Labour squeeze shows no signs of loosening before Christmas November 12, 2021 The ongoing labour squeeze shows no signs of loosening in the run up to Christmas, raising fresh concerns that usual festive activities could be scuppered. In the first week of this month alone, over 220,000 new job ads were posted in the UK, a historically high print since records began, according to the Recruitment and [...]
Pernod Ricard to acquire The Whisky Exchange September 21, 2021 Global drinks giant Pernod Ricard will acquire the online spirits retailer The Whisky Exchange. The drinks producer signed an agreement to acquire The Whisky Exchange – which also operates a trio of central London stores – for an undisclosed sum, it announced on Tuesday. The brands will collaborate on private sales and online auctions of [...]
Outlook 2022: Global economy December 7, 2021 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]
US stocks fall despite upbeat retail sales in June July 16, 2021 An unexpected rebound in retail sales was not enough to prevent falls among US stocks on Friday. The blue-chip S&P 500 dropped 0.22 per cent, while the tech-heavy Nasdaq fell 0.22 per cent. The Dow Jones lost 0.23 per cent during morning trading. The losses came as the US Labour Department released figures showing retail [...]
Soho’s revival was a boon for the capital – the al fresco revolution must continue November 29, 2021 Eating outdoors with the sun beating down may feel like a distant memory now the nights have drawn in and the mercury has dropped. But we must not forget the critical role al fresco has played safeguarding countless jobs during throughout the pandemic. And what a joy it has been to walk around the West [...]
City Corporation agrees let for the world’s very first ‘MONOPOLY LIFESIZED’ attraction May 11, 2021 The City of London Corporation has today (11 May) announced it will be hosting the world’s first ‘MONOPOLY LIFESIZED’ attraction within its building at 213-215 Tottenham Court Road. Hasbro, Inc and Gamepath (a new division of international theatre producer Selladoor Worldwide) have released the initial details of the ‘MONOPOLY LIFESIZED’ experience – which is due to open in London on 14 August 2021. The [...]
US markets shake off Delta variant jitters as investors seek to end volatile week on a high August 20, 2021 Wall Street shook off concerns that the rapidly spreading Delta variant of Covid could halt the global economic recovery from the crisis to end the week on a high. The blue-chip S&P 500 jumped 0.69 per cent to 4,436.26 points during early trading, while the Dow Jones added 0.5 per cent to 35,06776 points. The [...]
City barbers snip opening hours in absence of office workers January 25, 2022 Barbers in the City of London say their businesses will never be the same after the uptake of working from home. Businesses have suffered with the absence of City workers getting lunch break trims and after-work blow drys, all while having to pay London rent. Even with Omicron measures to ease this week, barbers said [...]