Designer exports from the capital set to soar on the back of London Fashion Week September 19, 2016 London's high-end fashion brands are in high demand – and London Fashion Week is expected to boost exports even further. According to the Department of International Trade, the sales of UK designer clothes have grown by 20 per cent in the last decade and are now worth between £2.5bn and £2.9bn. As a whole, the UK [...]
Watch out ice cream: Frozen yoghurt maestros Sloane Brothers launch first site outside of London September 19, 2016 City summer staple Sloane Brothers Frozen Yoghurt is taking the battle against ice cream a step further with the opening of its first parlour outside of London. The Brick Lane-based froyo makers have opened their second site in Nottingham's Intu Victoria Centre. Sloane Bros focuses its frozen yoghurt toppings on classic British biscuits and desserts, and sources [...]
Kingsfisher is looking for a new London headquarters September 19, 2016 Kingfisher is looking for a new London headquarters, it has emerged, which is set to boost the commercial property market after the difficulties facing the sector following the Brexit vote. According to the Telegraph, the retailer behind B&Q and Screwfix is looking for a HQ of 300,000 square feet, and has appointed Cushman & Wakefield to find the [...]
Stride Gaming share price rises as online bingo group hits the jackpot and profits forecast to rise nearly two-thirds September 19, 2016 Online bingo group Stride Gaming's stock shot up more than 12 per cent this morning on news that the company's full-year profits will be above expectations and rise by almost two-thirds. Stride Gaming is anticipating a full house for the year ended 31 August, with net gaming revenue up 69 per cent to "not less [...]
Diageo weighs London job cuts to boost profits September 18, 2016 Drinks giant Diageo – owner of Guinness and Smirnoff brands – is finalising plans to slash jobs at its London headquarters. A review of staffing at offices in Park Royal, northwest London, is expected to significantly reduce the 1,500 headcount, though the axe is expected to fall across Diageo’s operations around the world. A productivity programme [...]
Online retailer Hut Group set to announce Ideal acquisition September 18, 2016 Online retailer Hut Group is poised to announce the takeover of an American dieting and sports nutrition company. The digital retailer is expected to announce the deal for Ideal Shape in the coming days, Sky News reported. Read more: The Hut Group eyes acquisitions after securing £210m loan Hut Group reported group sales of £334m, [...]
Mmmm: Doughnut company Krispy Kreme prepares for London float September 18, 2016 Doughnut company Krispy Kreme is progressing with its plans for an initial public offering (IPO) in London. The UK arm of the American company, which is controlled by private equity firm Alcuin Capital, is planning to float on the London Stock Exchange next month. Read more: Premier listing: Fund manager plots London Stock Exchange flotation The float, [...]
City Pub Company says cheers to AIM listing as sales rise by a third September 16, 2016 Quaint pub group City Pub Company has announced its intention to float on the London Stock Exchange's junior market late next year, while revenues at the firm have risen by a third. The figures Sales at City Pub Company rose by 36 per cent to £12.1m in the first half of the year, up from £8.9m in the same period [...]
London is the healthiest region in the UK with the highest number of cyclists and the best BMIs September 16, 2016 If you're someone who's been lured into the world of London Park Runs or has become addicted to the capital's latest healthy food pop-ups – you're not alone. London is the healthiest region in the UK, according to data from healthcare provider Simplyhealth and YouGov. Nearly half of adults living in London have a "healthy" body [...]
Whisky galore: Scotch exports rise for first time since 2013, but Brexit concerns weigh heavy on industry September 16, 2016 Scotch was used to prop up bars a little more worldwide last year as global export volumes grew for the first time since 2013 – though the industry is still hesitant on the challenges of Brexit. Volumes of Scotch, which already adds £5bn to the UK's economy, shipped overseas grew by 3.1 per cent over the first [...]