Jimmy Choo: The shoes I still haven’t designed, and my fight to save London’s creative industry June 7, 2023 The name Jimmy Choo might remind you of Carrie Bradshaw’s shoe infatuation on Sex and the City – “No!” she cried in one episode, dropping her stilettos off the edge of the Staten Island Ferry. “My Choos!” What it’s unlikely to remind you of is the City of London. But Jimmy Choo has always lived [...]
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
Bitcoin and Ethereum claw back losses in wake of SEC action over Binance and Coinbase June 7, 2023 Bitcoin has clawed its way back to start the day at just under $27k - up more than 4% over 24 hours, with Ethereum up 3%.
Long-time Diageo boss Sir Ivan Menezes dies aged 63 June 7, 2023 Sir Ivan Menezes, the long serving chief of drinks giant Diageo, has died aged 63, following a short illness. The Indian-born business leader passed away days after he was rushed into hospital for emergency surgery, for medical issues including a stomach ulcer. Menezes joined Diageo at its creation in 1997 and held many senior positions [...]
FTSE 100 close: Markets close lower as housebuilders weigh on index June 7, 2023 Strong morning bumps for Primark-owner Associated British Foods and BT were offset by a slump for housebuilders today as the FTSE 100 closed marginally lower. A slump in trading for housebuilders kept movement on London’s flagship index subdued, with the index closing lower. Housebuilders were down after figures from Halifax showed a first annual fall [...]
One more for the road: Pub group mounts further expansion plans June 7, 2023 City Pub Group has snapped up a total of 52 per cent of shares in Mosaic Pub and Dining Group – taking its portfolio of up market pubs to 52 sites across London, Wales and the South of England. The pub group, which owns the popular Chelsea haunt The Phene, first bought stakes in the [...]
House prices: London and south east falling faster than rest of the country June 7, 2023 London house prices have fallen by more than the national average, according to new data, with the south east also hit hard
The Notebook: Gavin Poole on AI, London’s esports crown and virtual reality skills June 7, 2023 The Notebook is where interesting people say interesting things. Today, it’s Gavin Poole, chief executive of Stratford tech hub Here East. Friend or foe? Why we should avoid snap calls on the future of artificial intelligence Last week, almost every front page of our national newspapers quoted the ‘AI pioneers’ warning us that AI advancements [...]
CBI: Rishi Sunak refuses to say business body will be back in the room June 7, 2023 The Confederation of British Industry survived a confidence vote on its future yesterday, after members voted in favour of the scandal-hit lobbying organisation’s transformation plan. However, overnight the Prime Minister Rishi Sunak suggested that may not be enough for the body to be invited back into key meetings on business policy with the government. Matters [...]
EV transition could be fast-tracked by more than a decade if people buy second hand, says report June 7, 2023 The UK’s EV transition could be fast-tracked by over a decade if the country makes more use of the second-hand electric vehicle (EV) market, a new report shows. Research from the Green Finance Institute found that accessing the used EV market could boost uptake in the UK by as much as 17m, should barriers including [...]