Pure Gym buys Soho Gyms to bulk up London presence June 22, 2018 Pure Gym has snapped up the 10-strong London Soho Gyms chain and will convert all the branches to the Pure format. The addition of the Soho portfolio, which includes sites at Tower Hill and Farringdon, will bring the number of Pure sites in London up to 59. Pure charges significantly less than Soho, with a [...]
House of Fraser closure vote looms as politicians fear jobs cuts and end to iconic stores June 21, 2018 Politicians and landlords fear thousands of job losses and the death of beloved high street stores ahead of House of Fraser’s vote on store closures tomorrow. The struggling retailer’s creditors will decide tomorrow whether to approve a company voluntary arrangement (CVA), which will result in 31 of the 59 House of Fraser stores closing down. [...]
Ocado shares rise as it is dubbed the ‘Microsoft of retail’ June 20, 2018 Shares in online grocer Ocado climbed more than six per cent in early trading today, after a broker called it the "Microsoft of retail". The newest entrant to the FTSE 100 was the top riser this morning, leading the way in the All-Share index as well as the blue-chip benchmark. The boost came after analysts [...]
Wimbledon’s roof and a new City skyscraper boost Severfield’s profit June 20, 2018 Severfield, the UK's largest structural steel group, announced a jump in profit this morning, boosted by major projects for clients including Wimbledon, Tottenham Hotspur FC and a new City skyscraper. The figures In the year to 31 March, underlying pre-tax profit climbed 19 per cent to £23.5m. Revenue was up five per cent to £274.2m. [...]
Ocado shares rise as it is dubbed the ‘Microsoft of retail’ June 20, 2018 Shares in online grocer Ocado climbed more than six per cent in early trading today, after a broker called it the "Microsoft of retail". The newest entrant to the FTSE 100 was the top riser this morning, leading the way in the All-Share index as well as the blue-chip benchmark. The boost came after analysts [...]
Asda and Sainsbury’s bosses Roger Burnley and Mike Coupe grilled by MPs over merger June 20, 2018 The chair of a select committee has told Asda's boss to "get real" and stop talking "baloney" in a grilling over the supermarket's merger between Asda and Sainsbury's this morning. Asda's Roger Burnley and Sainsbury's boss Mike Coupe appeared in front of the the Environment Food and Rural Affairs (EFRA) committee, which has launched an [...]
London restaurants Albion, Parabola and Lutyens close as Sir Terence Conran and Peter Prescott venture folds June 20, 2018 Another string of restaurants in London have closed after the company Prescott & Conran went into administration. Albion, a British cuisine restaurant in Clerkenwell, closed today, as did Lutyens in Fleet Street and Parabola in Kensington. Another restaurant in the portfolio, Covent Garden's Les Deux Salons, closed in March. Today Duff & Phelps announced that [...]
FTSE 100 ends the day 100 points down despite Rolls-Royce gains June 15, 2018 The FTSE 100 ended the day down more than 100 points as trade war fears reared their head again. After Donald Trump confirmed he will slap tariffs on $50bn worth of Chinese goods, London's blue-chip index closed down 131.9 points at 7,633.9. Global market sentiment was low today, but the FTSE performed particularly poorly due [...]
Iceland Food rules out deal with Amazon as Food Warehouse attracts new customers June 15, 2018 Iceland's boss has ruled out a deal with Amazon, telling City A.M. that "we don't want anything to do with them". The retailer reported steady sales growth this morning, as it eyes expansion into sites left vacant by the recent wave of store closures and grows its online business. But managing director Tarsem Dhaliwal said [...]
Shuffleboarding bar London Shuffle Club to open permanent home in Shoreditch June 14, 2018 We thought a new axe-throwing venue was going to be this week's weirdest leisure news, but it seems we were wrong. Something called shuffleboarding is, apparently, taking the party crowd by storm and it has a new location not far from the City. Shuffleboarding is, according to London Shuffle Club, a "hot a nd popular [...]
