Anti-Brexit campaigners descend on Westminster to demand second referendum June 23, 2018 Thousands of anti-Brexit campaigners are expected to descend on central London today on the second anniversary of the referendum. The People's Vote march is due to start at 12pm today, as tens of thousands of people will walk from Pall Mall to Parliament Square as remainer groups continue to demand a second referendum on the [...]
UK’s largest apprenticeship provider Learndirect snapped up by training firm DTS June 23, 2018 Training firm Learndirect has today been sold to education company Dimensions Training Solutions (DTS) in a deal which could save 1,000 jobs, according to reports today. It ends months of uncertainty over Learndirect's future after the company's training services were given a poor rating by Ofsted. Learndirect has also suffered from government cuts to adult [...]
We owe it to the next generation to show leadership June 22, 2018 | City Talk The morning after I attended the Mansion House Banquet, my young daughter asked me what the meeting was about, and what did I think? I explained it was about the Lord Mayor of London hosting an annual dinner for bankers and merchants, and when lots of speeches are made, and where the Chancellor can make [...]
House of Fraser CVA approved June 22, 2018 House of Fraser's creditors are have agreed to a rescue plan which will result in 31 store closures. Creditors including landlords and suppliers met to vote on the company voluntary arrangement (CVA) today, and have passed the proposal with no amendments. “The approval of the CVAs is a seminal moment in House of Fraser’s history," [...]
Pod takes down mini-bond posters over concerns of misleading potential investors June 22, 2018 Food-to-go operator Pod has taken down posters inviting customers to purchase mini-bonds from the company after concerns were raised that they could be misleading. The company has today opened its mini-bonds up to the public, with a goal of raising at least £200,000 to support expansion. But in the run-up to the launch, the company [...]
House of Fraser CVA approved June 22, 2018 House of Fraser's creditors are have agreed to a rescue plan which will result in 31 store closures. Creditors including landlords and suppliers met to vote on the company voluntary arrangement (CVA) today, and have passed the proposal with no amendments. “The approval of the CVAs is a seminal moment in House of Fraser’s history," [...]
Shares in BP and Shell rise as Opec agrees to raise oil supply by 1m barrels per day June 22, 2018 Oil output is to rise by 1m barrels per day after Opec reached a deal today. Shares in London-listed oil companies including Shell and BP rose on the news. The group of 14 oil-producing countries reached an agreement after meetings in Vienna today, according to reports. Meetings are set to continue into Saturday, when Opec [...]
Mercedes-backed ViaVan launches weekly subscription following London launch June 22, 2018 Mercedes-backed ride sharing service ViaVan has launched its own weekly subscription service following on from its successful launch in London. The subscription, called ViaPass, starts at a launch price of £35 for a limited time only. New takers will also have access to four free shared rides daily for seven days, up to a value [...]
Pure Gym buys Soho Gyms to bulk up London presence June 22, 2018 Pure Gym has snapped up the 10-strong London Soho Gyms chain and will convert all the branches to the Pure format. The addition of the Soho portfolio, which includes sites at Tower Hill and Farringdon, will bring the number of Pure sites in London up to 59. Pure charges significantly less than Soho, with a [...]
House of Fraser landlords, lawyers and property advisers slam ‘disappointing’ CVA vote June 22, 2018 Landlords have been left disappointed after House of Fraser's CVA was passed today, with some even considering legal action. Creditors threw a lifeline to the department store chain by approving rescue plans that will result in half of the retailer's sites being closed. Possible legal challenge Two advisers to a group of the affected landlords [...]