Neat Burger eyes further sites ahead of Canary Wharf opening February 10, 2022 Neat Burger is readying a Canary Wharf store after opening a flagship site in Bishopsgate last month. The plant-based group will open its site in the financial district on 16 February, as the chain hopes to entice office workers looking to make healthy choices. The brand has seen delivery orders in the Square Mile and [...]
Margate has seen the biggest jump in house prices since 2012 February 10, 2022 A seaside town in Kent has been identified as the area where prices have leaped the most in the last decade. Asking prices of homes in Margate have more than doubled on average since 2012, according to property site Rightmove. Prices now stand at an average of £294,209, more than £100,000 higher than they were [...]
WeWork Southbank space enters the market for almost £1bn February 9, 2022 One of the office sites leased to WeWork is being put on sale for nearly £1bn, which would be among the largest in London since the pandemic. One and Two Southbank Place is being put on the market by developer Almacantar for £935m, it was first reported by the Financial Times. The campus is being [...]
Chief exec of Co-op Food to take months off role to ‘spend more time’ with sons during exams February 9, 2022 The boss of Co-op’s convenience food business is to temporarily step away from her role to help her sons through their exams. Jo Whitfield, the chief executive of Co-op Food, will take time off for four months from May. Day-to-day responsibilities will be taken on by group CEO Steve Murrells. Co-op Food includes the operation [...]
MPs: Pubs need tax overhaul to thrive in post-pandemic recovery February 9, 2022 A cross-party report has urged the government to overhaul the tax system in order to help the pub industry recover from its pandemic woes. The All-Party Parliamentary Group on Pubs (Pubs APPG) heard from more than 15,000 publicans, consumers and sector bodies. The group examined the impact of the Covid pandemic on pubs and what [...]
Pandora sparkles as organic growth exceeds guidance February 9, 2022 Danish jewellery maker Pandora has recorded record revenue in its fourth quarter results, driving its share price up on Wednesday morning. The charm-bracelet manufacturer reported full year organic growth of 23 per cent compared to 2020, exceeding guidance. Its earnings before interest and tax margin grew 25 per cent, also higher than anticipated. Sales were [...]
Demand for office space soared last month as businesses feel more certain February 9, 2022 Business owners making enquiries about leasing office space exceeded pre-pandemic levels last month, in a boost for the revival of city centres. Demand was 54 per cent higher last month than in January 2021 and 15 per cent higher than in January 2020, just before the pandemic hit. The office sector had the strongest growth [...]
Surging rents ‘fanning the flames of cost of living crisis’ February 9, 2022 Rents have surged 8.3 per cent in a year, to the highest level they have been in 13 years. London rents have risen 11 per cent in a year as office workers have returned to the capital. Monthly rents are up £62 since the start of the pandemic, hitting an average of £969 a month, [...]
Share boost for Joules as boss warns of ‘severe’ cost increases February 8, 2022 Lifestyle retailer Joules saw its shares soar on Tuesday, although it warned of “the severe inflationary cost environment.” In interim results ended 28 November 2021, the Leicestershire-based company posted a pre-tax profit of £2.6bm. This was double the £1.3m profit in the comparable period last year. Revenue soared 35 per cent to £127.9m, up from [...]
WeWork partners with startup Upflex in flexible global workspace roll out February 8, 2022 Workspace provider WeWork is entering an exclusive partnership with coworking startup Upflex. The flexible space firm said on Tuesday that the deal will result in a combined network of more than 5,500 locations, with WeWork selling Upflex space to its members. WeWork announced it would also participate in Upflex’s Series A funding, alongside other investors. [...]
