Shoplifting increases at UK supermarkets as police admit cuts mean they must prioritise other crimes February 1, 2019 Shoplifting in supermarkets at England and Wales increased by over seven per cent between 2014 and 2017, according to new figures. Police in England and Wales investigated a combined 78,110 shoplifting incidents in 2017, up from 72,423 in 2014, according to the Press Association (PA). Read more: Court rules in favour of Asda workers' equal pay claim [...]
Interim Debenhams chair shortlisted for Moss Bros role February 1, 2019 The interim chair of Debenhams could be in line for the role of chair at suit retailer Moss Bros. According to Sky News, Terry Duddy has been shortlisted as a potential successor to current Moss Bros chair Debbie Hewitt, who will step down from her role later this year. Duddy took on the chairman role [...]
Leave.EU and Arron Banks’ insurance firm fined £120,000 for illegal marketing February 1, 2019 The Brexit campaign Leave.EU and Arron Banks’ firm Eldon Insurance have been fined a combined £120,000 for unlawful marketing. The Information Commissioner issued the fines and said it would audit both organisations over their handling of personal data. The ICO found the campaign and the insurer were “closely linked” and that customers’ details were illegally used [...]
Sale of airline Norwegian fell through because of Brexit, chairman says February 1, 2019 A sale of airline Norwegian Air Shuttle fell through last year amid Brexit uncertainty, the company has revealed. Chairman Bjorn Kise said that he and chief executive Bjorn Kjos, who is also a major shareholder, were onboard with a plan to sell the company to an unnamed bidder before Christmas. Read more: Budget airline Norwegian takes [...]
Opinion: Sadiq Khan should be careful what he wishes for when it comes to rent controls in London February 1, 2019 The recent news that Mayor of London Sadiq Khan is moving ahead with plans to impose rent controls on London’s housing market comes as no surprise. Khan’s been contemplating regulation for some time and it featured in his 2016 pre-election manifesto, but nearly three years later, we still haven’t actually seen a concrete policy. Khan [...]
Proportion of home owners in UK rises slightly but average first-time buyer age remains high February 1, 2019 The number of people in England that own a home has increased slightly in the last financial year, according to the annual English Housing Survey. The report, published by the government, shows that 64 per cent of people owned a house in 2017-18, one per cent up on the data from the year before. However [...]
Property of the Week: Leinster Gardens, the HQ of Andreas Papadakis’ publishing house Academy Editions goes on sale February 1, 2019 Faithful followers of fashion in interior design and architecture will have heard of Academy Editions. Leinster Gardens, Bayswater, £7.95m Back in the 1970s, it published over a thousand influential books and magazines dedicated to architecture and the decorative arts, drawing artists like Roy Lichtenstein, David Hockney and Charles Jencks to the Bayswater headquarters of the [...]
EU approves visa-free travel for Britons in no-deal Brexit but sparks diplomatic scuffle over Gibraltar February 1, 2019 Downing Street has welcomed EU plans to let UK citizens travel to the continent without a visa even in the case of a no-deal Brexit, but contested a description of Gibraltar as a British “colony” made in the same announcement. EU ambassadors agreed today Britons travelling within the the Schengen area of 26 EU member [...]
Deutsche Bank returns to annual profit but fourth quarter loss disappoints investors February 1, 2019 Deutsche Bank returned to full-year profit in 2018 for the first time in four years but fourth quarter losses further spooked investors, sending shares down. Germany’s biggest lender reported annual profit of €341m (£299m), an improvement on the €735m losses of 2017 but well below average analyst forecasts of €422m. In the fourth quarter, the [...]
Oddbins falls into administration for the second time in eight years February 1, 2019 Oddbins today became one of the first high street casualties of 2019, as news emerged that the off licence’s owners have fallen into administration for the second time in eight years. Administrators Duff & Phelps confirmed that the companies behind Oddbins and a string of high street alcohol stores are now insolvent. Read more: Oddbins set [...]