Property giant British Land set to publish first-half results November 13, 2017 First-half results from the property development company British Land will be unveiled this week, giving a significant look at the London property market amid Brexit uncertainty. Key details to be published include the occupancy rate and average lease length, which stood at 98 per cent and 8.3 years in the last financial year. These are [...]
Lufthansa seeking to make equivalent of 22,000 jobs redundant June 15, 2020 German flag carrier Lufthansa is looking to make the equivalent of 22,000 full-time roles redundant as it seeks to restructure after the coronavirus crisis. The airline said that it was aiming to have made agreements with workers’ representatives by 22 June. The job cuts, which will impact 600 pilots, 2,600 cabin crew members and 1,500 [...]
Netflix subscriber numbers fall short as Covid-19 lockdown boost fizzles October 20, 2020 Netflix tonight posted the weakest new subscriber numbers in four years as streaming competition increased, lockdowns eased and live sports returned to television. The company added 2.2 million paid Netflix subscribers globally during the quarter to 30 September, missing Wall Street’s target of 3.4 million. Earnings per share also landed below analyst expectations at $1.74. [...]
High street stalwart Boots mulls more than 200 possible store closures May 28, 2019 Boots, Britain’s largest chain of chemists, looks set to become the latest victim of high street turmoil as its US owner eyes several hundred store closures. Walgreens Boots Alliance (WBA), the pharmacy retailer's US parent, is reportedly looking at bringing down the shutters on more than 200 Boots outlets across the UK over the next [...]
Drayton Manor: Wet British summer sees profit dip ahead of iconic ride’s replacement June 13, 2024 Theme park Drayton Manor has suffered a drop in profit following a year plagued by high costs, soggy weather and dwindling visitor numbers - but there's hope a new-look roller coaster could change its fortunes.
Property industry reacts to planning system overhaul August 6, 2020 The government has launched a consultation on England’s planning system, as it seeks to slash red tape for new developments. In the planning White Paper, published this morning, the government said it wanted to cut the number of planning cases that are overturned at appeal by creating a “clearer, rules-based system”. Every area will have [...]
Made in Dagenham: Hollywood real estate firm to build new east London film studios November 3, 2020 A Hollywood real estate firm that owns studios where classics such as Citizen Kane and Gone With the Wind were filmed will invest £300m in a major new production complex in east London. Hackman Capital Partners (HCP) will take control of the construction of Eastbrook Studios, a new film and TV hub spread across more [...]
The City View: Xavier Rees of Havas London on the value of creative ideas in the office August 20, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Havas London CEO Xavier Rees. The ad land boss offers his thoughts on the return to work, the value of creative ideas in the office, and why he’s changed the company’s articles of association to become a “B Corp”. Andy also looks at [...]
Lloyds Bank unveils quarterly dividends payments amid pension pay row May 16, 2019 Lloyds Bank has announced plans to pay dividends quarterly from next year ahead of a potential shareholder revolt at today’s AGM. The bank said the move, beginning in the first quarter of 2020, would allow its 2.4 million shareholders to be paid more regularly and efficiently. Read more: Lloyds Banking Group: Q1 results analysis The [...]
Moss Bros gears up for crucial summer season after sales bump May 15, 2019 Moss Bros started 2019 with a bump in sales, the men’s tailoring giant revealed today, as it looks to recover from a spate of profit warnings in the upcoming summer selling season. The menswear firm, which was founded in 1851, reported a 1.5 per cent rise in total sales for the business from the end of January to [...]