The Debate: Should London’s suburbs be spikier? October 17, 2024 A housing crisis and London’s relatively flat skyline have prompted calls for building taller (or ‘spikier’) in the suburbs. Growth bros on Twitter are desperate for London to “densify”, i.e. cram more buildings into a smaller space by building taller structures or extending current buildings upwards. Yet London’s outer regions are typically flat with parks, [...]
Starmer hands councils millions for housebuilding on brownfield sites October 15, 2024 The Government has committed £68m to unlocking brownfield sites in 54 local authorities as it looks to deliver on its election promise of 1.5 million homes by 2029. Around a sixth of councils will receive money to turn neglected land into new homes, which the government have said will “transform local communities and help families [...]
Fenwick: John Lewis rival slumps into the red and cuts jobs October 15, 2024 Department store chain Fenwick slumped back into the red and cut jobs as it battled the cost-of-living crisis and a “changing retail environment”. The Newcastle-headquartered business has reported a pre-tax loss of £28.3m for the year to 26 January, 2024, having previously made a pre-tax profit of £57.1m in the prior 12 months. Newly-filed accounts [...]
Is reckless Reeves about to open the door to the next financial crisis? October 15, 2024 Rachel Reeves’ plan to change the fiscal rules to redefine debt reveal a Chancellor dangerously out of her depth, says Andrew Griffith A flurry of briefings suggest that the Chancellor is rolling the pitch to change the fiscal rules or the definitions of debt within them. These are the same thing: the ‘golden rule’ of [...]
The UK is an economic powerhouse – and we should know October 14, 2024 Brits should be less British about boasting about the strengths of our economy and our enduring spirit of entrepreneurialism, creativity and innovation, says Saker Nusseibeh It is a common characteristic of our national discourse to err towards the negative. An inclination to see, but not celebrate, what this country already does so well. Perhaps it [...]
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Mondelēz: Sales pass milestone at Cadbury owner but profit melts October 10, 2024 Sales at the owner of brands such as Cadbury, Toblerone and Oreo surged past the £2bn mark in 2023 but its profit was slashed, it has been revealed. Uxbridge-headquartered Mondelēz UK, which is part of the wider Mondelēz International group, has reported a turnover of £2.21bn for its latest financial year, up from the £1.95bn [...]
The View from The Shard remains troubled despite ‘positive’ outlook October 10, 2024 The company behind the viewing gallery at The Shard remained in the red for a fourth consecutive year despite it its revenue continuing to rise. The London attraction has reported a pre-tax loss of £678,839 for 2023, according to newly-filed accounts with Companies House. The total comes after the firm also posted a pre-tax loss [...]
Stefano Cantino: Who is Gucci’s new boss tasked with turning the luxury brand around? October 9, 2024 First Mulberry, then Burberry, and now Gucci – reshuffles at the very top of luxury businesses are definitely in vogue. Gucci, owned by Kering, has announced the appointment of Stefano Cantino as its new chief executive. He will take over from interim boss Jean-Francois Palus on 1 January 2025. Much like Mulberry and Burberry’s new [...]
Pensioner pessimism drags on consumer confidence ahead of Budget October 9, 2024 Just one in six consumers think that the economy will improve over the next year while half think it will get worse, according to Which?