September Surge: Bus journeys at post-Covid high as return to office gathers pace September 8, 2021 The Tube saw more than a million ‘taps’ this morning and bus use topped Monday’s record post-Covid high as the return to the office continued apace. Tube taps were up more than 20 per cent on last week before 8am, and 25 per cent up on last week between 8 and 9am. And bus use [...]
Dame Cressida Dick to stay on as Met police chief – report September 8, 2021 Embattled Met Police Commissioner Dame Cressida Dick is set to be offered a two-year extension to her tenure, according to a report this afternoon. The Evening Standard this afternoon reported Home Secretary Priti Patel is preparing the offer that will keep Dick in post until 2024. The Commissioner has been the subject of criticism in [...]
London’s rental crash bottoms out as landlords see first signs of recovery September 8, 2021 The decline in London’s residential rent market appears to have bottomed out, with the latest average rent figures suggesting a return to positive territory in the near future. The average London rent was tracking as low as -9.4 per cent year-on-year in January, but that figure has now recovered to just -3.8 per cent. And [...]
Reports: Share profits could be in Tory tax crosshairs September 7, 2021 Stock market investors could be in line for a tax hike, according to reports this afternoon. The Government is expected to announce sweeping changes to National Insurance later today in the House of Commons as part of attempts to fill a gaping hole in the nation’s post-pandemic finances. But one source told The Sun that [...]
House prices continue climb but signs of slowing begin to show September 7, 2021 House prices increased to another record high in August but the pace at which they are climbing is slowing. Monthly growth sat at 0.7 per cent in the month just gone, leaving prices up 7.1 per cent year on year, according to the Halifax House Price Index. The latter figure is down from 7.6 per [...]
Gambling firms pledge to create 5,000 apprenticeships in labour push September 6, 2021 Gambling firms this morning committed to the creation of 5,000 apprenticeships as the sector look to shore up the labour force. The Betting and Gaming Council (BGC) announced its own ‘Plan for Jobs’ amid concern across the UK business world at what could become long-standing labour shortages. The BGC represent and regulate everything from online [...]
McColl’s share price falls after cash call comes up short August 31, 2021 McColl’s shares were down more than four per cent in early trading Tuesday after an attempted cash call came up slightly short. The convenience store had been looking to raise around £35m-worth of finance to expand its partnership with takeover-target Morrisons. The firm had hoped an open offer would raise £5m of the figure, but [...]
Groupon wrapped on knuckles by CMA for consumer experience August 9, 2021 The UK’s competition watchdog has given voucher scheme operator Groupon a warning over its treatment of customers. Refunds and replacement items were sometimes replaced by so-called credits, according to the Competition and Markets Authority. Groupon has pledged to “cooperate fully.” The watchdog said: “The CMA has found evidence that Groupon does not always provide customers [...]
UK Manufacturing PMIs: Staff and parts shortages sees recovery begin to slow August 2, 2021 The UK manufacturing upturn remained solid in July but failed to hit the heights of previous months as supply chain and labour constraints began to snarl up production lines across the country. The manufacturing Purchasing Managers’ Index stood at 60.4 last month, down from previous highs in May of 65.8. Read more: UK jobs market [...]
The Hundred: Rowdy fans see Lord’s authorities ditch BYOB policy August 2, 2021 Lord’s isn’t just the home of cricket – it is also cricket’s most liberal venue when it comes to bringing in your own drinks. Test matches at Lord’s are famous for picnics and the sound of champagne corks popping just after the clock strikes midday. That policy – allowing fans to bring in a small [...]