Boohoo opens first owned factory in ‘new chapter’ amid international market challenges January 26, 2022 As Boohoo opens its first owned factory in Leicester, the company will be hoping to take a positive step forward after a miserable two years. The fast fashion retailer said its new 32,000 sq ft factory in Thurmaston Lane, Leicester, was “proof of its commitment to the city of Leicester and ethical British manufacturing.” The [...]
Wolseley owner Corbin & King goes into administration amid icy tensions with shareholder January 26, 2022 The firm behind high-end London restaurants including the Wolseley and the Delaunay has fallen victim to the pandemic and entered into administration. Administrators from FRP have been appointed for Corbin & King, it was reported last night. Daily operations will not be impacted and restaurants will continue trading. Hospitality venues in the capital have struggled [...]
Advertising watchdog upholds complaints over Oatly ads for ‘misleading’ environmental claims January 26, 2022 The advertising watchdog has upheld four complaints over an Oatly marketing campaign. The Advertising Standards Authority (ASA) has upheld four out of five issues raised by a campaign from the oat drink firm. Viewers had raised concerns over two television adverts, a sponsored Facebook post, a sponsored Twitter post and two press adverts. The adverts [...]
Pets at Home hikes profit guidance as it outlines mitigations for inflationary pressures January 26, 2022 Pets at Home has upgraded its profit guidance in the wake of rising revenues. In a trading update for the 12 weeks to 30 December, the pet care business posted total Group revenue growth of 5.8 per cent to £319.4m. It said group like-for-like revenue was up 8.7 per cent compared to 2020. In comparison [...]
City barbers snip opening hours in absence of office workers January 25, 2022 Barbers in the City of London say their businesses will never be the same after the uptake of working from home. Businesses have suffered with the absence of City workers getting lunch break trims and after-work blow drys, all while having to pay London rent. Even with Omicron measures to ease this week, barbers said [...]
Met chief Cressida Dick confirms police will investigate Downing Street parties January 25, 2022 The Metropolitan Police is to investigate allegations of lockdown rule-breaking parties at Downing Street. Scotland Yard’s commissioner Dame Cressida Dick told members of the London Assembly that police will probe claims of parties held at Number 10. It comes after the police force has previously stated it would not investigate retrospective reports of breaches. Police [...]
London residents’ council tax bill hits almost £5bn a year January 25, 2022 London homeowners and renters have had to pay almost £5bn in council tax bills a year, according to new research. According to one of the capital’s estate agents, Benham and Reeves, said Londoners had paid £1.2bn more per year compared to five years ago. The average resident in the city pays £1,374 in council tax [...]
Cake Box shares recovering after plummeting when blogger found accounts errors January 25, 2022 Sweet-treat maker Cake Box lost almost a fifth of its market value after errors in its annual report were spotted by a blogger. In a post over the weekend, blogger Maynard Paton identified mistakes in the company’s 2021 annual report. Its share price slipped 18 per cent, to 267p yesterday. However, on Tuesday morning its [...]
Marston’s Christmas sales disappoint but restrictions lifting will enable ‘some semblance of normal trade’ January 25, 2022 Marston’s misses out on bountiful Christmas but signs show consumer confidence ‘rebuilding’ Pub operator Marston’s has joined other hospitality chains in reporting a disappointing Christmas trading period, with sales dipping. In a trading update for the 16 weeks to 12 January 2022, total like-for-like sales were down 3.9 per cent compared to the 2019 financial [...]
Gorillas goes global as delivery firm enters Frichti acquisition talks January 24, 2022 Instant delivery firm Gorillas announced it is entering acquisition talks with French delivery titan Frichti. Frichti is one of the first rapid delivery start-ups to have hit profitable operations after launching in 2015. If Gorillas were to acquire its French counter-part, Gorillas would be able to strengthen its foothold in France. It has already opened [...]
