Faberge boss eggs on UK to bring back tax-free shopping to lure back wealthy tourists August 3, 2023 The boss of Faberge has joined calls for the UK to scrap the so-called ‘tourist tax’, which a new study has claimed is costing the UK over £10bn a year. Faberge chief Anthony Lindsay has urged for the return of tax-free shopping after a recent study by the Centre for Economics and Business Research (CEBR) [...]
Fleet Street Quarter offers a blueprint for growth April 13, 2024 An ambitious pocket of the City with 2000 years of history is redefining how urban commercial centres can work in a climate challenged world, says Lady Lucy French In the age of climate change, the question is how can London rebuild in a way that creates sustainable economic growth? The answer could already exist within [...]
FTSE reshuffle: British Land booted off premier index while Ocado dodges demotion June 1, 2023 Online grocer Ocado has dodged relegation from London’s FTSE 100 while property firm British Land lost its coveted spot among the blue-chip stocks. Fashion retailer Asos also faced demotion from the FTSE 250 ranks, according to the annual review by data firm FTSE Russell. Ocado was expected to drop off the UK’s top index after [...]
Battersea Power Station opens doors to the public after decades since landmark closed October 14, 2022 After four decades out of action, London’s iconic Battersea Power Station is opening to the public today, as owners of the Grade II listed landmark hope to cement it as one of the capital’s top retail and leisure destinations. More than 60 shops and bars are opening today at the Art Deco development, including a [...]
Burberry shares plunge as it blames tourist tax for luxury slowdown November 16, 2023 Burberry hit out at the government's decision to scrap the tourist tax and revealed a six per cent loss year-on-year in profit.
Tube trips in shopping hotspots hit one million as people fall for Christmas frenzy December 7, 2022 Trips on the tube to key shopping centres have reached pre-pandemic levels, as the Elizabeth Line and Christmas rush boosts retail. More than one million entries and exits were recorded on 3 December at stations such as Oxford Circus, Knightsbridge and High Street Kensington, figures published today by Transport for London (TfL) showed. Tottenham Court [...]
Meet the man who’s kept Old Spitalfields Market moving for three decades April 18, 2024 Eric Graham is a market man to his bones. Andy Silvester meets the Londoner who keeps Old Spitalfields Market ticking.
British ISA plans thrown into doubt by Sunak’s election call May 24, 2024 A number of the government’s flagship City reform efforts including the roll-out of the British ISA and so-called Pisces private market have been thrown into doubt by Rishi Sunak’s gamble to hold an early election in July.
Mark Kleinman: Britishvolt or British Steel? A tough political call January 26, 2023 In his weekly column, Mark Kleinman writes on Britishvolt, British Steel, UK Finance and a potential new boost for London's IPO market
Tube strikes: Bosses warn of ‘hammer blow’ to London trade as dispute drags on September 26, 2023 Business chiefs have warned that rail strikes set to take place in next week will deal another “hammer blow” to trade in the capital as the cost of rail strikes on City businesses continues to rise.