Westminster council to give Oxford Street a glow-up in revitalisation effort October 11, 2022 Oxford Street is set for a revamp after Westminster council announced it would focus spending in the area on London’s main shopping drag – shelving projects to the north and south. “The Council’s capital funding… will now be directed to prioritise and deliver public realm improvements on Oxford Street itself,” the Council said yesterday. The once-glitzy street [...]
The 30 rising dealmaking stars – but only one of them is a woman October 11, 2022 A NEW ranking of London’s ‘rising star’ public market dealmakers includes only one women in its list of the capital’s top 30 youngsters. The list, compiled by financial intelligence firm MergerLinks, is based on the size of deals and their perceived financial complexity. Goldman Sachs’ Cara Pazdon is the only woman on the list. The City has [...]
London start-up founders reap rewards of almost £200m in loans October 10, 2022 London has received more start-up loan cash than anywhere else in the country after a decade of a programme supporting entrepreneurs. Founders in the capital have received £187.1m through the government backed Start Up Loan scheme, with businesses across the country being provided with loans and mentoring. The scheme has delivered more than 97,000 loans [...]
Letters: Flexible work? Flexible pay. October 10, 2022 [Re: Energy bills is Kwarteng’s first priority, then we must claw back our dismal productivity, Sept 12] Between the first and second quarters of this year, the UK had no productivity growth. Figures released by the Office for National Statistics (ONS) show that between the first three-month period in 2022 and the second, productivity in [...]
Every little helps: Tesco reboots ‘kids eat for free’ scheme amid cost of living pressures October 7, 2022 Tesco has announced it will be bringing back its Kids Eat Free scheme during the October half-term, as the cost of living crunch continues to batter Brits. The offer means parents can spend as little as 60p to claim one free child’s meal worth up to £3.25 when showing their Clubcard at checkout. To cover [...]
Victorian Plumbing bucks trend as bathroom retail sales surge October 6, 2022 Victorian Plumbing has defeated the trend amid a subdued bathroom market and lauded rising sales this year. In full year results, the AIM-listed firm said it was trading ahead of consensus market expectations, both revenue and earnings wise. Its second-half revenue was up around per cent on last year, with sales performing especially well in [...]
Pound unwavering after Fitch downgrades credit outlook October 6, 2022 Pound sterling is up marginally against the US dollar at around $1.136 on Thursday morning after a lowered credit outlook from Fitch. The ratings agency lowered its outlook for government debt to negative from stable, arguing the government’s latest growth could lead to a significant increase in fiscal deficits over the medium term.” Sterling plunged [...]
Kwarteng’s ‘mini budget’ sends mortgage bills soaring £1,500 October 4, 2022 The government’s mini budget has sent the average mortgage borrower’s bill soaring by £1,500 a year, new figures have shown, in a hike that has been dubbed a ‘Kwarteng premium’ by some brokers.
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
City of London defends redevelopment plans for Barbican October 3, 2022 A campaign group has slammed the “misinformed and misleading” data that has been used to justify demolishing two historic buildings in London’s Barbican. The City of London Corporation has submitted plans to demolish the Museum of London and adjacent office block Bastion House after raising concerns over the safety of the buildings. But a new [...]
