Camden Market to operate one-way system as it prepares for June reopening May 29, 2020 The owner of Camden Market today outlined plans for a phased reopening of the north London shopping hotspot from 1 June. Landlord Labtech said the venue will reopen on Monday in line with the government’s plans to ease the coronavirus lockdowns for open-air markets and car dealerships. The canal-hugging tourist trap will implement a one-way [...]
Softbank Vision Fund boss doubles pay despite hefty loss May 29, 2020 Softbank has more than doubled the pay of its Vision Fund boss Rajeev Misra even as the mammoth tech fund dragged the Japanese company to a record loss last year. Misra pocketed 1.6bn yen (£12m) in total compensation for the year to March, more than twice as much as he earned in the previous 12 [...]
Live events sector awaits re-start as uncertainty prevails May 29, 2020 | City Talk ‘Sorry, this event has been postponed – we will let you know when we have a new date confirmed’: business event calendars have been decimated by blanket cancellations and re-arrangements over the past 10 weeks. Uncertainty continues to haunt the events market, particularly for larger gatherings, despite the gradual easing of coronavirus lockdown measures.The UK’s [...]
UK entrepreneurs rally behind the national response to COVID-19 May 29, 2020 | City Talk Entrepreneurs are typically good at acting fast, spotting opportunities and responding to a dynamic market, so it comes as no surprise that many are responding to the ongoing COVID-19 situation by taking decisive action. As they try to determine the impact of the crisis, they’ve had to react quickly to safeguard employees and the future [...]
Bella Italia owner in talks over sale that could save 6,000 jobs May 29, 2020 The owner of high street restaurant chains Bella Italia and Cafe Rouge is in talks with multiple parties over a potential sale of the business, just days after it seemed to be on the brink of collapse. The development, which was first reported by the Telegraph, comes after the Casual Dining Group, which also owns [...]
London business confidence rises but gloom remains as lockdown eased May 29, 2020 London business confidence picked up slightly in May as the government lifted coronavirus restrictions, but firms grew gloomier across the country as a whole. The business barometer from Lloyds showed that London business confidence rose eight points on its gauge to minus 20. This was nonetheless close to a record low after sentiment plunged in [...]
Sunak set to tell employers to contribute to furlough scheme payments May 29, 2020 Chancellor Rishi Sunak is expected to tell employers today that they will have to start contributing to the government’s massive furlough scheme which is paying the wages of millions of UK workers. Sunak will say companies must pay between 20 per cent and 30 per cent of the costs of the programme – the centrepiece [...]
SIG confirms £150m raise plans as firm swings to loss May 29, 2020 Building products supplier SIG this morning confirmed plans to raise £150m from a share issue after the firm swung to a loss in 2019. The company said that investment firm Clayton, Dubilier and Rice (CDR) had agreed to invest £85m into SIG, and would take two board seats as a result. The announcement initially prompted [...]
Eurozone on brink of deflation as price growth slows to 0.1 per cent May 29, 2020 Eurozone inflation dropped to a four-year low of just 0.1 per cent in May, data has shown, as the coronavirus pandemic put the single-currency bloc perilously close to deflationary territory. In an early estimate, the European Union’s statistics body said Eurozone month-on-month inflation was just 0.1 per cent as energy prices plunged. Core inflation, which [...]
Property firm Capco in talks to buy major stake in rival Shaftesbury May 29, 2020 Property development firm Capital & Counties (Capco) today confirmed it is in discussions to snap up a 23.6 per cent stake in rival Shaftesbury. The two firms own swathes of neighbouring property in the West End and the talks have sparked further speculation of a merger. The discussions, first reported by React News, are centred [...]