EU property giants make €1.6bn move for London’s Globalworth April 14, 2021 Czech CPI Property Group and German real estate company Aroundtown SA have confirmed a €1.57bn cash offer for London-listed Globalworth Real Estate Investments this morning. The offer will go through CPI-owned Zakiono, giving the Cyprus-incorporated company 2.8m shares – which represents around 1.28 per cent of the company. CPI and Aroundtown currently hold 113.8m Globalworth [...]
Tracking tech firm Buddi homes in on £500m London float April 13, 2021 A British tech firm that makes trackable wristbands is gearing up for a £500m stock market float in London. Buddi, which was founded by serial entrepreneur Sara Murray, has appointed Zeus Capital to oversee a listing later this year. The company produces wristbands that can be worn by vulnerable people. The bands can be connected [...]
Revolution Bars sees profits hammered by lockdown restrictions April 13, 2021 Cocktail bar group Revolution Bars has reported losses across the board this morning, as its profits were hammered by lockdown restrictions. In the first half of 2020, enjoying just a few months before the pandemic forced lockdown restrictions, the group raked in £81.2m in total sales. With lockdown restrictions only easing yesterday, the group has [...]
‘It’s the best city in the world’: Punters flock back to the Square Mile as lockdown eases April 12, 2021 Shoppers, pub-goers and those desperately in need of a haircut descended on the City of London today as lockdown restrictions eased. Today marks the first major change in the lockdown restrictions England has been living with since early January. Pubs gardens are now open, as well as restaurants with outdoor space and non-essential retail, although [...]
YO! food chain to partner with WH Smith as high streets reopen April 12, 2021 Asian food chain YO! is set to trial a partnership with WH Smith this month, bringing to-go food to stores as high streets begin to reopen today. The move signals the food group’s expansion into on-the-go food and away from sit-in dining, as it also has similar partnerships with Sainsbury’s, Co-op, Tesco’s and David Lloyd Leisure [...]
City of London starts to reopen as Government eases lockdown restrictions April 12, 2021 | City Talk The City of London Corporation has today (12 April) announced a string of events across the Square Mile, which will mark the reopening of some of its most iconic institutions and businesses, including non-essential retail, outdoor hospitality and leisure. As the Government’s roadmap to ease lockdown restrictions in England reaches its second step, Lord Mayor [...]
South West London homes grow in demand as end of lockdown nears April 12, 2021 High-end homes in South West London have grown in demand in the first quarter of this year, according to estate agent Benham and Reeves. As the end of lockdown nears, the leafy suburbs of the capital have seen a one per cent increase in interest by high-end homebuyers in the £2m and over range. “We’re [...]
London Love Affair: New campaign launches to bring public back to the capital April 12, 2021 As a further easing of lockdown restrictions helps London inch back to normality, a new campaign has been launched calling for the public to rekindle their love for the capital. The London Love Affair campaign, launched by the Central London Alliance, London Chamber of Commerce and Industry and Integrity International Group, features classic London street [...]
MPs back Prince Philip statue on The Mall in London April 11, 2021 Prince Philip is set to be commemorated with a statue along The Mall in London, after the idea gained cross-party backing by MPs. The Mall already has statues of Queen Elizabeth The Queen Mother alongside a statue of her husband King George VI. The Sunday Telegraph reports that Prime Minister Boris Johnson and Labour leader [...]
COP26: Is the City ready for its leading role in the fight against climate change? April 10, 2021 Windows were smashed at Barclays headquarters this week by climate activists who urged the bank to cut its climate destructive investments. Last week campaigners painted the Bank of England (BoE) black in a bid to raise the alarm on the institution’s funding of Big Oil. Where money goes within the City is under more scrutiny [...]