Barclay brothers receive offers over £1bn for Ritz Hotel March 4, 2020 Sir Frederick Barclay, the billionaire co-owner of the Ritz, has received bids for the 114-year-old hotel exceeding £1bn, according to reports. Press Association said that Frederick Barclay, who owns the Mayfair hotel with his brother David, will not accept a lower offer. The twin brothers, who bought the Grade II listed property for £75m in [...]
Worst investment return in history? Bloomberg bows out of Presidential race March 4, 2020 Billionaire Michael Bloomberg has suspended his presidential campaign after spending more than $500m on advertisements. Bloomberg, one of the world’s richest men, dropped out after failing to win any of the key Super Tuesday Democratic primary states yesterday. He did, however, claim victory in the territory of American Samoa. Instead, it was former Vice President [...]
Volkswagen signs three year electric vehicle home charging partnership with Centrica March 4, 2020 Volkswagen has agreed a three-year partnership with energy supplier Centrica to roll out electric vehicle home charging hardware across the UK. The deal comes after Volkswagen’s commitment to introduce 80 electric and plug-in hybrid models by 2025, with estimated sales of up to 3m a year by that date. In the summer the firm will [...]
PM backs Priti Patel following fresh allegations March 4, 2020 Prime Minister Boris Johnson has said he is “sticking by” home secretary Priti Patel, in the wake of fresh allegations of bullying. Speaking during Prime Minister’s Questions today, Johnson said any claims would “of course” be investigated. But he praised Patel as an “outstanding” home secretary who was “delivering change”. She is currently facing the [...]
Virgin Atlantic CEO takes 20 per cent pay cut on coronavirus fears March 4, 2020 Virgin Atlantic chief executive Shai Weiss will take a 20 per cent pay cut between April and June as the world’s airlines continue to be battered by the coronavirus outbreak. The rest of the executive team have agreed to a 15 per cent decrease as the Sir Richard Branson-backed airline battles the slump in demand [...]
Londoners can step it up to tackle the homelessness crisis March 4, 2020 Sleeping on a cold, wet pavement is not a fate anyone should have to face in the fifth wealthiest country in the world. And yet, 4,266 of our fellow citizens were recorded doing just that on a given night last autumn, according to government figures published last Thursday. Each person counted is living through the [...]
Covid-19: Govt to pay sick leave from first day of illness March 4, 2020 Boris Johnson has announced that statutory sick pay will be paid from the first day workers take off in an attempt to encourage people to stay away from work if they are unwell. The decision, which was revealed at Prime Minister’s Questions today, means that workers will no longer have to wait four days before [...]
Lego builds sales with Star Wars and Harry Potter kits March 4, 2020 Lego built sales growth last year, defying the shrinking toy market, as shoppers snapped up Star Wars and Harry Potter themed kits. Revenue jumped six per cent last year to 38.5bn Danish krone (£4.48bn), up from three per cent the previous year, putting it ahead of Barbie owner Mattel and Hasbro, the maker of My Little [...]
Music in Offices Casual Come and Sing March 4, 2020 | Sponsored A chance for some informal singing with some of the City’s best musicians! Join Music In Offices’s Phil Wilcox and Rob Garland for an evening of music making and a chance to sing some of your favourite tunes whilst keeping well lubricated from drinks in The Counting House! Date: Monday 30th MarchTime: 6.00pmVenue: Counting House, [...]
Vortex Jazz Club March 4, 2020 | Sponsored Vortex’s monthly residency continues for a big band initiated by bassist Calum Gourlay, known for his great work with Thelonious, an award-winning solo album and more. Date: Sunday 29th MarchTime: 7.45pmVenue: Vortex Jazz Club, 11 Gillett Square, London, N16 8AZ Get 50% off on ticket prices for first 20 people. Email tessa@tessamarchington.com to obtain the code.