Sainsbury’s profits dip as supermarket giant battles to keep prices low November 3, 2022 Sainsbury’s has posted subdued half-year profits, after taking a hit to keep prices competitive for customers and boost pay for staff. The supermarket giant, which also owns Argos, said underlying pre-tax profit dipped eight per cent to £340m over the half-year to 17 September , compared with the same period last year. It had previously [...]
Simpson’s Tavern: Crowdfunder raises nearly £20K in less than 24 hours November 2, 2022 A crowdfunding campaign to save Simpson’s Tavern has raised almost £20,000 in just 24 hours since it began in earnest. Simpson’s, which has sat off Cornhill since 1757 and become a City institution, has been served a winding up petition as a result of rent arrears accrued during the pandemic. Whilst many landlords have chosen [...]
No strike? Still no service! Wednesday’s Tube walkout bleeds into Thursday as rail action cripples London commuter belt March 16, 2023 London commuters vented their anger as Wednesday’s Underground strike continued to cause disruption throughout Thursday morning. People going to work faced fresh difficulties this morning following yesterday’s industrial action by RMT and Aslef union workers, with stations closed up until 7am, as the service was regulated.. As of Thursday at midday, none of the Bakerloo, [...]
Gatwick: Britain’s second-busiest airport boosted by new airlines and station revamp March 21, 2024 The international hub near Crawley, West Sussex, said it had returned to traffic levels of 94 per cent of what it was in 2019 - in July and October.
Yü Group smashes expectations as renewed customer contracts soar November 28, 2022 Business energy supplier Yü Group smashes revenue expectations as it posts record monthly bookings. In a trading update, Yü said revenue, adjusted EBITDA and operational cashflow was anticipated to significantly exceed current market expectations for the year to 31 December. Record average monthly bookings from new and renewed customer contracts over the last three months has resulted [...]
Hedonistic thrills and cosmopolitan grandeur in Rhodes August 15, 2022 THE WEEKEND: Can’t decide between a culture break or a beach holiday? Rhodes offers both! This Greek island has historic sites reaching back to antiquity, and sundrenched beaches that slip into a dazzling, clear blue sea. From the cheap, hedonistic thrills of Faliraki nightclubs to the cosmopolitan grandeur of Rhodes’ medieval Old Town, there’s something [...]
Deliveroo is 50 per cent down on its offer price — can its first capital markets day turn the tide? November 29, 2023 Deliveroo is now 50 per cent down on its offer price after a return to dining out and Brits clamping down on takeaways knocked the firm off its perch.
The Square Mile and Me: The Lord Mayor on Christopher Wren, the Old Dr. Butler’s Head and why he admires Willie Purves January 26, 2023 Every week we dip into the memory back of the City's great and good. This week it's the Lord Mayor of the City of London, Nicholas Lyons.
Tier 3 restrictions could be ‘nail in the coffin’ for London’s restaurants November 23, 2020 London’s chefs and restaurateurs reacted with fury and confusion today over the government’s plans to replace lockdown with a new three tier system. As shop owners and even sports stadiums prepare to start welcoming guests again, those working in hospitality say the industry has been hung out to dry, with some fearing a wave of [...]
Deliveroo shares slide as £1.9bn reported revenue fails to bolster market confidence in food delivery favourite March 16, 2023 Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market [...]