Student work app Stint delivers Pizza Express nationwide deal February 7, 2022 Student work app Stint has inked a nationwide partnership with Pizza Express. The app connects students with hospitality venues in need of more hands on deck for a few hours. The partnership follows a trial in London and Edinburgh. More than 120 Pizza Express restaurants will partner with the app, which claims to offer hospitality [...]
Rental stock concerns ahead of energy efficiency regulations for landlords February 7, 2022 Rental stock may be constrained in the coming years as a quarter of landlords have poor energy efficiencies, ahead of tougher tenancy regulations. Some 23 per cent of landlords said their properties were rated D or below, according to a report from Shawbrook Bank. The government is eyeing requirements to force landlords to improve their [...]
Consumer confidence drops further as cost of living concerns intensify due to skyrocketing bills February 7, 2022 Consumer confidence dropped further in the fourth quarter of last year as Brits concerns about the cost of living intensified. Skyrocketing bills resulted in UK consumer confidence falling one percentage point at the end of last year, to minus 11 per cent, according to the latest Deloitte Consumer Tracker. Cost increases for utilities and groceries [...]
More than 1,000 London buildings require emergency fire measures including waking watches February 6, 2022 More than 1,000 buildings in London necessitate emergency measures, including security patrols, because of fire safety defects, five years on from the Grenfell Tower disaster. A total of 1,149 buildings in the capital need measures including ‘waking watches’, according to the latest data from the London Fire Brigade, which was first reported by the Evening [...]
Private equity firms circle embattled retailer THG February 6, 2022 Troubled e-commerce retailer THG is being circled by private equity firms for a potential buyout. Representatives from Advent International have reportedly visited the firm’s Manchester headquarters while LA-based Leonard Green is understood to have also expressed an interest. Shares leapt 16 per cent on Friday following speculation about private equity interest in a Betaville blog [...]
Ivy owner Richard Caring steps away from battle for Corbin & King February 6, 2022 Ivy owner Richard Caring has signalled he has given up the chase for beleaguered restaurant group Corbin & King. The group behind celebrity haunts including The Wolseley entered administration last month, amid icy relations between Corbin & King’s founders and its majority shareholder. Restauranter Caring has said “at this moment, I am not intending to [...]
Mayor of London calls for register of overseas property ownership to tackle money laundering February 6, 2022 The Mayor of London has called for a register of overseas property ownership to crack down on London being used for international money laundering. Properties in the capital owned by overseas individuals and firms could be sheltering billions of pounds of undeclared funds, Sadiq Khan said. It comes as a report by cross-party MPs found [...]
Shoppers expected to cut back as country faces deepening cost of living squeeze February 4, 2022 January marked the eleventh consecutive monthly of like-for-like retail sales as shoppers have returned to London’s shopping hotspots. However, retail chiefs warned that the cost of living squeeze may soon curtail Brits’ spending habits. Total like-for-like sales, combined in-store and online, increased by +51.9 per cent in January, according to data from accountancy firm BDO. [...]
VAT freeze would create more than 286k new hospitality and tourism jobs, bosses say February 4, 2022 Hospitality bosses have urged ministers to halt a planned VAT rise this spring, claiming a retention could generate £7.7bn additional turnover in the next decade. Calls for a freeze have been reiterated by the British Beer and Pub Association, UKHospitality, the Tourism Alliance and the Association of Leading Visitor Attractions today. In a study organised [...]
Drinks sales boosted by office return as bars slowly recover from Omicron hit February 3, 2022 Drinks sold at pubs and bars in Britain edged closer to pre-pandemic levels, in levels not seen since last November. Average drinks sales by value in managed pubs, bars and restaurants for the week to Saturday 29 January were eight per cent below the same period in 2020. This was the first time the weekly [...]
