London businesses hold out hope for bumper Christmas trade November 18, 2021 Three in 10 businesses anticipate this Christmas will be their most successful in the past five years, according to exclusive data from Barclaycard. Some 54 per cent of firms said they felt neutral or optimistic about the UK economy, meaning worries rage on for many businesses across the city. However, Barclaycard’s fourth quarter barometer found [...]
Exclusive: Industry body warns against more stringent windfall tax August 11, 2022 Offshore Energies UK has warned against further tampering to the windfall tax, which it believes would hurt investor confidence.
Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
Government to pump £100m in new nuclear power plant January 27, 2022 Plans to build a new nuclear power station have received a boost after the Government announced £100m of funding to support its continued development. Ministers said the move aimed to attract further financing from private investors for the Sizewell C project in Suffolk. Unions welcomed the development as a step forward, but Unite urged the [...]
Is the party for fashion rental over? September 19, 2024 Fashion rental was once touted as the industry's next big thing, but has the lustre faded, asks Anna Moloney.
Used car prices continue to grow but record trend expected to stabilise March 3, 2022 The average price of a second hand car in the UK has continued to grow, reaching in February a record 31.9 per cent year-on-year and like-for-like increase. Even though it marks the 23rd consecutive record month of growth, the 0.6 per cent raise is the lowest increase registered since April 2021. According to Auto Trader’s [...]
Cazoo CFO steps down as company reports £243m half-year loss August 2, 2022 Cazoo has announced its chief financial officer Stephen Morana will step down at the end of the year as the company reported a half-year loss of £243m. Morana will be replaced in the fourth quarter of this year by Graphcore finance boss Paul Woolf. “I would like to thank Stephen for his notable contributions, including [...]
Consumer confidence teeters on brink of record low during coronavirus lockdown April 24, 2020 Consumer confidence plummeted at the beginning of April but held steady for the rest of the month as the UK adjusted to life under lockdown. The latest research showed that consumer confidence stayed at minus 34 points throughout the month, just five points above the record low reported in July 2008. The measure for the [...]
Oxford St still feeling side effects of Covid as footfall recovery lags behind March 30, 2022 Oxford St has struggled to return to its pre-pandemic glory with football down 46 per cent on pre-Covid levels. Overall, high street footfall levels were down 23 per cent in February, according to an RSM analysis of data from Datscha. International travel restrictions have dampened the numbers of shoppers in central London hubs. Northern shopping [...]
Christmas comes early: November consumer spending up 16 per cent from pre-pandemic December 7, 2021 Consumer card spending grew 16 per cent in November compared to the same period in 2019, with early Christmas shopping giving a boost to retail, hospitality and leisure, according to new data from Barclaycard.