Harvey Nichols profits down but weaker sterling stimulates sales December 18, 2016 A £29 million revamp of the luxury retailer’s flagship store in Knightsbridge has eaten into the store’s profits, taking them down to £2.6m in April from £5.4m the year before. Harvey Nichols has radically re-imagined its most famous London outlet, in a project that has resulted in the entire menswear section being closed for 10 [...]
Average Christmas booze spend is 51 per cent tax December 18, 2016 UK households are paying 51 per cent tax on the alcohol they buy in the lead up to Christmas, according to industry body, the Wine and Spirit Trade Association. The association says the average household will buy 5 bottles of wine, 3 bottle of spirits, 2 bottles of sparking wine, 2 bottles of port, 12 [...]
Outgoing IoD Director-General warns against immigration restrictions December 18, 2016 A LARGE swathe of British industry could be forced to shut down without a regular influx of low-skilled labour continuing after Brexit according to the IoD’s outgoing director Simon Walker. Speaking to The Sunday Times, Walker has argued strongly against restricting low-skilled immigration to the UK, just weeks before he is due to take up [...]
Is Lloyd’s of London set for sunnier climes? December 18, 2016 MALTA has emerged as one of the possible sites for the European base of Lloyds of London should the UK lose passporting rights after Brexit. The insurance giant wants to establish contingency arrangements should the UK lose the current level of access to the EU’s market for financial services. A spokesperson told City AM last [...]
