London businesses gather to celebrate six months of Elizabeth line November 21, 2022 London businesses have gathered to celebrate the Elizabeth line’s impact on the capital almost six months after its opening. Data published by Transport for London (TfL) showed that almost 70 million trips have been made on the line since 24 May. “In just six short months we’ve seen more than 60 million journeys along the [...]
Harrods sees £15m drop in business rates assessment as retail undergoes dramatic revaluation November 21, 2022 More than half a million retail properties across England and Wales have now been revalued with new rateable values, which will be used to calculate business rates liabilities from 1 April 20023 to 31 March 2026, having been published showing a fall of 10 per ccent overall for the sector. The Valuation Office Agency, an [...]
Healthy goals: England captain Harry Kane invests in low-calorie doughnut firm November 14, 2022 England football captain Harry Kane has invested an undisclosed sum of cash in a low-calorie doughnut firm, CityA.M. can exclusively reveal. Urban Legend, which offers health-conscious shoppers a range of non high fat, sugar, salt baked goods, has added the sport star to its list of investors. The brand has secured £10m investment in its [...]
Things to do in London this weekend October 28, 2022 Last chance for London Literary Festival Talks and events largely with a climate focus are taking place at the Southbank Centre this weekend. It’s your last chance to attend, as the annual festival wraps up this Sunday. £ Various venues, until 30 October Comic Con Returns Michael Sheen, Tom Sturridge and Andy Serkis are a [...]
‘Commercial fact’ M&S may leave Oxford St location if not able to raze Art Deco store October 25, 2022 Plans to demolish a flagship M&S store come as Oxford St is “failing” within the retail sector, the supermarket’s lawyer told a landmark public inquiry this morning. M&S is embroiled in a battle with heritage campaigners over plans to raze its Art Deco store in the West End, with ambitions to create a new 10-storey [...]
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]
Ashley vs Cowgill: Has Sports Direct boss had the last laugh in retail rivalry? September 20, 2022 NEWS of Mike Ashley’s departure from Frasers also signals the end of one of retail’s most tempestuous rivalries, after JD Sports’ boss Peter Cowgill exited his own sportswear giant earlierthis year. After decades of high street tussle, the two retail titans have now both relinquished their roles behind two of the country’s largest athleisure brands. [...]
Sports Direct owner Frasers makes re-entry into FTSE 100 September 13, 2022 Sports Direct owner Frasers has made a return to the London Stock Exchange’s FTSE 100. The retailer re-joined the blue-chip index on Tuesday, according to its new chief executive officer Michael Murray. In a LinkedIn post, the CEO said the “significant milestone reflects the strength of our strategy and the strong performance that Frasers Group [...]
Michael Murray: Frasers ‘increasing efforts’ to reach out to City investors September 12, 2022 The new boss of Frasers has pledged to repair relations between the retailer and the City. In an interview with The Financial Times, Michael Murray said the Sports Direct owner was “definitely going to be increasing its efforts” to reach out to investors. The retailer was presently recruiting for an investor relations manager, as well [...]