John Lewis comes under fire for lack of affordable housing in first build-to-rent scheme March 8, 2023 John Lewis has faced pushback over its first build-to-rent development after the leader of Ealing council accused the firm of “bullying” and raised concerns about the lack of affordable homes for locals in the area. Peter Mason, leader of Ealing council, took to Twitter to slam the retail group about the possibility of it not [...]
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
Rail strikes expected to spill into Wednesday June 21, 2022 Following a day of extreme disruption caused by rail and tube strikes, passengers should brace themselves for travel chaos to spill into Wednesday. Around 60 per cent of train will run tomorrow due to a delay to the start of services as signallers and and control room staff are not doing overnight shifts. Londoners were [...]
Former Bank governor Mark Carney: City needs to lead world once again on green finance June 4, 2024 In a speech at a Deloitte event, Carney said the UK has "traditionally led" on international financial developments but warned "it hasn't been leading as much of late. It had other things on its mind."
Former TV boss succeeds Ultimate Products’ founder as chief executive February 8, 2024 A former TV boss has been named as the new chief executive of Ultimate Products after its founder stepped down.
Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’ May 9, 2024 Luxury department store Selfridges is to make around 70 redundancies at its London head office.
FTSE 100 close: Bank of England interest hike piles more pain on markets June 22, 2023 The much scrutinised Bank of England’s interest rate hike by half a point to five percentage points today, piled the pressure on London markets. London opened far lower in anticipation of the rate hike and continued in the red following the announcement, which marked the 13th straight rise from the bank and took interest rates [...]
Storm Eunice dampens retailers’ hopes for half term footfall boost February 22, 2022 Bad weather dampened high streets’ recovery last week with retail footfall dropping 3.8 per cent across the country. Retailers were hoping for a booming half term, however all three types of retail destinations – high streets, retail parks and shopping centres – marked a footfall drop. According to retail experts Springboard, Storm Eunice resulted in [...]
Christmas sales were a moment of reprieve as high streets play whac-a-mole February 2, 2023 Even the biggest retailers were severely dented by the pandemic, strikes, inflation and rising energy costs. It might be a game of whac-a-mole, but the high street is ready for another year, writes Richard Curry.