Londonmetric boss: Property market is a ‘long way from functioning normally’ November 23, 2023 Londonmetric has said the commercial real estate sector is still a long way from functioning normally, despite high demand for logistics.
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
Young’s adds City Pub Group to growing empire in £162m deal November 16, 2023 Young's will add 50 pubs and more than 200 hotel rooms, with the group also reporting demand in London now higher than pre-pandemic
Could this last-minute reservation app help fix London hospitality’s no-show problem? November 15, 2023 Ambl, which now has 600,000 downloads, was launched last year by former financial sales worker Aaron Solomon after he struggled to find a table to entertain clients.
Small pubs at risk of closure next year without business rates relief, Fuller’s boss warns November 13, 2023 The chief executive of Fuller’s, Simon Emeny, has said that an extension on business rates relief could be the difference between some small pub businesses handing back their keys next year or remaining open. Speaking to City A.M, ahead of the autumn budget next Wednesday, the frontman for the near 200 year old pub business, urged [...]
Over £6,000 wiped off average house price in last four weeks November 13, 2023 The average price of a home coming on the market fell by more than £6,000, month-on-month, in November, according to Rightmove.
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]
Naked Wines shares dive as it ousts boss and warns of falling revenues November 7, 2023 Naked Wines shares plunge after it slashes revenue forecasts and dumps chief executive
ABF: Rita Ora collaboration helps Primark owner’s revenues hit almost £20bn November 7, 2023 Primark owner Associated British Foods (ABF) has continued to rake in hefty profits despite the cost of living crisis, with group revenue for the full year rising 16 per cent to £19.7bn. The owner of the budget fashion brand said that revenues at its retail arm rose 17 per cent to £9bn as customers flocked [...]
Legendary London restaurateur Jeremy King to reopen iconic Simpson’s in the Strand November 6, 2023 Legendary London restaurateur Jeremy King is to re-open Simpson's in the Strand alongside the Savoy Hotel as he looks to regain his place at the top table of London hospitality.