London’s billionaire home buyers market doubled last year January 4, 2022 The London market for multi-millionaire and billionaire home buyers doubled during 2021, with Russian and Chinese buyers set to inject new energy into the market this year. According to a survey from Beauchamp Estates, in 2021 there were 32 sales for London homes with price tags topping £15m, compared to 17 sales in 2020. Over [...]
Elizabeth Holmes found guilty of four counts of fraud after Theranos blood testing scandal January 4, 2022 Theranos founder Elizabeth Holmes has been found guilty of conspiring to defraud investors. A jury in California found Holmes guilty on four of 11 counts, including conspiracy to commit fraud against investors and three counts of wire fraud. Holmes was accused of knowingly misleading investors over her blood testing start up, lying that her technology [...]
Apple becomes first company to hit $3n market value January 4, 2022 Apple became the first company to reach a $3tn stock market value, before slipping slightly at the end of the day on Monday. The Silicon Valley titan hit a record high of $182.88, placing Apple’s market value just above $3tn yesterday. The stock ended the session up 2.5 per cent at $182.01, with Apple’s market [...]
Savile Row tailor placed into liquidation as quest for buyer fails January 4, 2022 The parent company behind London’s iconic men’s tailor Gieves & Hawkes has been put into liquidation after failed attempts to woo potential buyers. FTI Consulting and R&H Services have been appointed as joint liquidators for the 250-year-old brand, alongside its sister brands Kent & Curwen and Cerutti, according to The Times newspaper. The newspaper reported [...]
Hospitality venues ‘pretty full’ minister says, defending current level of government support December 28, 2021 A government minister has suggested the hospitality sector does not require additional financial aid as restaurants appear “pretty full”. The hospitality industry has called for help including VAT and business rates relief following waves of cancellations this month as fears over the Omicron Covid variant grew. Ministers have also urged the public to be cautious [...]
Over 100 Brits denied entry at Austrian airport after Covid rule change December 28, 2021 An Austrian airport has refused to allow more than 100 British tourists entry into the country for failing to adhere to new Covid rules. Some 110 tourists were caught out at the weekend at Innsbruck airport by a new rule requiring a negative PCR test within 48 hours, according to police. New rules came into [...]
Nightclubs to ‘make up for lost time’ as New Year’s Eve given green light December 28, 2021 Clubs and bars have welcomed the government’s decision not to introduce any fresh Covid curbs in England until the new year. Nightclubs have been forced to shut in Northern Ireland, Wales and Scotland, in a bid to tackle skyrocketing cases of the Omicron Covid variant. However, in England, ministers have said the scientific evidence does [...]
Twitter users ‘disgusted’ with John Lewis after dismissal of seasonal workers December 28, 2021 John Lewis came under fire yesterday after choosing to dismiss temporary workers ahead of Christmas sales owing to a lower than expected demand. The retailer was called out by a mother on social media, after her son was hired to in a warehouse to prepare online orders. Temporary staff were told on 23 December they [...]
West End calls for ‘tangible relief’ as footfall hit by Omicron messaging December 22, 2021 Footfall was down 27 per cent on 2019 levels in the West End yesterday, despite the crucial build up to Christmas. Although footfall was up 10 per cent compared with the previous week, businesses have struggled to see the Christmas shopping momentum they anticipated this year. The West End has been hit by messaging to [...]
Tighter Covid rules in Wales will take pubs ‘into sub-viable trading’ December 22, 2021 Additional Covid restrictions from Boxing Day “will only make matters worse” for pubs and restaurants, the Welsh hospitality sector has cautioned. UKHospitality Cymru has warned. No more than six people will be allowed to meet in a group in pubs, cinemas and restaurants from 26 December, it was announced on Wednesday. What’s more, two metre [...]
