Use strength in services to break UK’s low growth trap, think tank urges December 4, 2023 The UK needs to capitalise on its position as a "services superpower" to help break its "toxic combination" of low growth and high inequality, a top think tank has warned.
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
YSL splashes out record rent on Bond Street as luxury sector shrugs off cost of living concerns April 23, 2023 Luxury goods company Kering is set to pay a record rent for the UK, after agreeing a lease for Bond Street’s Yves Saint Laurent store. Market sources told The Sunday Times that Kering will cough up £13m a year for the six-storey West London store, beating Ralph Lauren’s previous record of £11m. The luxury group [...]
Marshalls to cut 250 jobs as housebuilding slump takes toll July 31, 2023 Building products supplier Marshalls is axing around another 250 jobs and closing a factory in Scotland after sales dived due to a housing market slowdown. The group said the cuts come as part of plans to save £9 million a year, which will see it shut a factory in Carluke in South Lanarkshire, while also [...]
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
FuturePlus Selected by Atlas FM to Consolidate and Improve Sustainability Practices across UK Sites June 13, 2023 The facilities management company is using the FuturePlus platform to engage its employees, clients and suppliers, and improve its social and environmental impact Sustainability and ESG management and reporting platform FuturePlus has been chosen by Atlas FM, a leading UK facilities management company, to help change its approach to sustainability and social impact. Over the [...]
House building craters to weakest level in 14 years amid Bank of England interest rate rises July 6, 2023 The Bank of England’s series of aggressive interest rate hikes to pull back raging inflation is wreaking havoc on house building, dealing a blow to first time buyers hoping to get on the property ladder any time soon, a closely watched survey out today shows. According to S&P Global and the Chartered Institute of Procurement [...]
Klarna swoops in to buy collapsed rival Laybuy August 21, 2024 Buy-now pay-later (BNPL) giant Klarna has snapped up its collapsed rival Laybuy after the Kiwi fintech folded into receivership earlier this year, City A.M. has learned.
Babcock: British defence giant awarded £120m submarine deal supporting 250 jobs November 28, 2023 Since the Russian invasion of Ukraine, and more recently, the Israeli war with Hamas in Gaza, defence firms like Babcock have seen their order books increase
We need a government to match the private sector’s energy and radicalism April 16, 2024 One thing the government was not light on yesterday at the Innovate Finance Global Summit was advice. Everyone has it. That’s a good thing. Panel discussions were loaded with genuinely interesting ideas about strengthening London’s competitive advantage in fintech. Those that had “made it” were offering advice on corporate governance to those still in the [...]