London’s FTSE 100 bounces despite GDP undershoot September 12, 2022 London’s FTSE 100 bounced today despite new figures revealing the UK economy is much weaker than expected. The capital’s premier index climbed 1.66 per cent to 7,473.03 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged 1.7 per cent to 19,513.87 points. Traders shook [...]
Online sales tax gets canned for its ‘complexity’ November 17, 2022 Jeremy Hunt has scrapped the online sales tax, moving away from plans to better support the high street. Following a consultation, the Chancellor decided to dump the tax, reflecting the concerns about the complexity of the move, as well as “creating unintended distortion or unfair outcomes between different business models”. The levy was designed to [...]
Tory MP arrested on suspicion of rape will not be suspended from party August 2, 2020 The Tory MP arrested over allegations of rape will not be suspended from the party, in a decision that will only be reviewed following a police investigation, the Conservative party said today. A spokesperson for the Conservative whips’ office said: “These are serious allegations and it is right that they are investigated fully. The whip [...]
Waterstones to reopen stores in England from Monday June 11, 2020 Waterstones will start to reopen its stores in England from Monday, after closing for nearly three months due to the coronavirus pandemic. The bookseller has outlined a number of measures to ensure the safety of customers and employees alike. Waterstones said given the varying size of branches, it may limit the number of customers shopping [...]
Brexit: UK announces plan to kill off Northern Ireland protocol, outrage and disbelief in EU capitals May 17, 2022 Foreign Secretary Liz Truss just announced the Government’s intention to introduce legislation “in the coming weeks to make changes in the [Northern Ireland] protocol”. She told the Commons: “As the Prime Minister said, our shared objective has to be to find a solution that commands the broadest possible cross-community support for years to come and [...]
Slow fashion: Retailers embrace second-hand clothing to draw in thrifty eco-conscious fashion lovers January 23, 2023 High street retailers are following in the footsteps of their online rivals, offering more second-hand clothes to lure in shoppers wanting to steer clear of fast fashion and hunt for bargains amid a cost of living crisis. The second-hand clothing market has exploded over the last decade to an estimated £6.5bn last year, largely thanks [...]
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
Boohoo set to swoop for bankrupt Oasis and Warehouse June 16, 2020 Online fashion giant Boohoo is set to announce the purchase of high street brands Oasis and Warehouse, which went bankrupt at the end of April. Sky News reported that the deal could be announced tomorrow when Boohoo releases its first quarter results. When the two brands collapsed into administration on 30 April, with 1,803 redundancies, [...]
Marks and Spencer set to be ejected from FTSE 100 for first time in 35 years September 3, 2019 Marks & Spencer is set to lose its place in the FTSE 100 list of the UK’s biggest companies tomorrow after 35 years, ending its long-held membership as one of 28 original firms. Read more: Marks and Spencer to shut seven stores for final time in restructuring The troubled retailer will drop down to the [...]
Mark Kleinman: This Post Office circus is obscuring the real drama February 29, 2024 The City's best connected columnist on the Post Office, confusion at the top of an insurer and why the Pru is looking at Hong Kong