Higher prices anticipated in approach to Christmas October 27, 2021 Retail bosses have warned once more that consumers will feel the pinch of price rises in the run up to Christmas. Consumer prices have been projected to rise up to 20 per cent over the next few weeks, according to the Salesforce Shopping Index. This is due to worker and raw material shortages. Food inflation [...]
Arden Partners share price soars after Ince takeover declared October 26, 2021 Stock broker Arden Partners has announced a £10m ($13.8m) all-share takeover by professional-services firm Ince. The deal is based on a premium of 40.5 per cent to Arden’s closing share price of 22 pence on the Latest Practicable Date “This deal is an important strategic development as it secures Arden’s position as an attractive adviser [...]
Ocado Zoom workers call to be made dependent contractors October 26, 2021 Ocado drivers have demanded the grocer bring in couriers in house on restructured contracts. Drivers in Acton, West London said they wanted to be employed as Limb B workers – dependent contractors – as it was a “flexible employment model that works perfectly for the ad hoc, on demand business.” In a letter to board [...]
Calls for at least £15bn funding for remediation works to tackle cladding crisis October 26, 2021 The government has been called on to announce more funding to tackle the cladding crisis at tomorrow’s Budget. Law firm Irwin Mitchell also called for measures including giving leaseholders up-front government funding for remediation works, with no repayment obligation. While the government has announced £5bn to address the issue so far, the sum required is [...]
Ikea snaps up former Topshop Oxford St flagship for £378m October 26, 2021 IKEA has bought the former Topshop flagship store for £378m on Oxford St. The 214 Oxford St store was formerly owned by Arcadia, before the demise of fashion brands Topshop and Topman. Now, the Swedish-origin furniture giant is set to open up in autumn 2023, after the site was bought by Ingka Investments, the investment [...]
Drift to office slows as workers put off by Covid concerns October 26, 2021 A return to the office has appeared to have stalled as London’s office hubs marked a drop in footfall last week. Retail experts Springboard found that footfall declined by 4.2 per cent in areas in central London dominated by offices in the week beginning October 17. The ‘Back to the Office’ benchmark metric suggests that [...]
Covid passports could cost venues up to £2bn in lost turnover October 26, 2021 Vaccine passports could drive Covid infections if people are more inclined to visit poorly ventilated pubs instead of larger venues, according to a leaked government impact assessment. Concerns about the policy – recently adopted in Scotland- are set out in a report written by the Department of Digital, Culture, Media and Sport [DCMS] and seen [...]
Home sales set to hit highest level since 2007 October 26, 2021 The housing market is set to hit the highest level of sales since 2007, with 1.5m sales forecast for 2021. According to the Zoopla September House Price Index (HPI), combined market activity is set to amount to £473bn in transaction values this year. This is a £95bn hike on 2020. House price growth is currently [...]
BrewDog announces plans for flagship site at former Eurostar terminal October 25, 2021 BrewDog has outlined plans to open a 26,500 sq ft flagship site on the former Eurostar terminal at Waterloo, in what it called one of biggest projects yet. The Scottish craft brewer said on Monday it will launch a two-floor venue next summer. The site will be kitted out with a pub, pop-up food truck, [...]
Central London office take-up hits highest level since 2019 October 25, 2021 Central London office take-up has reached its highest level since the end of 2019, according to real estate advisor CBRE. According to CBRE’s analysis of deals in central London, take up of office space has seen another increase for the third consecutive quarter. For the third quarter, some 2.7m sq ft was taken on, with [...]
