Battersea Power Station to open next month with new shopping and office destinations September 1, 2022 The office and retail development at Battersea Power Station will open to the public next month, almost 40 years since the iconic building closed. The South-London development will open on 14 October, project owners revealed on Thursday. Around 100 shops, restaurants and bars have bagged space at the development, while big names Apple and IWG [...]
Jacob Rees-Mogg picked as ‘favourite’ for business secretary by Truss August 31, 2022 Jacob Rees-Mogg has been pinned as the favourite for business secretary by Liz Truss, as the Conservative leadership race reaches its final stretch. Sources close to Truss told The Financial Times that Rees-Mogg is the frontrunner for the job, saying his economic views were in line with hers. Truss is anticipated to emerge victorious against [...]
Central London office demand roars back to life as West End occupancy booms August 31, 2022 Central London office take-up has rebounded back to pre-pandemic levels this year and has even surpassed the ten-year average. Occupancy in the heart of the capital bounced back to pre-Covid levels during the 12 months to the end of 2022’s second quarter, according to data from real estate advisor CBRE. Take-up for offices hit 12.7m [...]
Cake Box shares sink after warning profits could be sliced by cost pressures August 31, 2022 Cake Box has warned full year profitability could be “significantly below current market expectations” as the cake maker battles inflationary cost pressures.
Pubs and restaurants face ‘widespread business failure’ in absence of energy bill support August 30, 2022 Pubs and restaurants are facing “widespread business failure” in the absence of government support as energy bills swell, hospitality chiefs have said. In a letter to ministers, UKHospitality has warned that tens of thousands of jobs could be lost as the UK enters the colder months, as businesses are hit with increasing headwinds. Writing to [...]
Gopuff to boost UK focus as rapid grocery app prepares to leave Spain August 30, 2022 Rapid delivery platform Gopuff intends to amp up its focus on the UK as it departs Spain, in an endeavour to close in on profitability. The start-up is intending to slim its operations, a source familiar with the matter told Bloomberg yesterday. However, the UK is one of the platform’s fastest growing markets, with revenue [...]
Iceland boss: Absence of government support on energy bills risks job losses and bankruptcy for firms August 23, 2022 Iceland boss Richard Walker has called on ministers to issue more support for businesses struggling with sky-high energy bills. Without a price cap on businesses’ energy bills, smaller firms would surely collapse, the supermarket’s managing director told CityA.M. An absence of further support for businesses was “really serious,” as the colder months approach, Walker said. [...]
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent August 23, 2022 Pub landlords are facing an “extinction” this winter as a majority of operators said they feared being forced to shut down in the coldest months. Some 65 per cent of publicans said they were likely to close over winter, despite a lucrative Christmas period free of Covid restrictions, when surveyed by industry title The Morning [...]
Co-op appoints Shirine Khoury-Haq as first female chief in 159 years August 23, 2022 The Co-op has appointed its former chief financial officer and interim boss Shirine Khoury-Haq as group CEO. The group’s former boss Steve Murrells, stepped down in May following the company’s annual general meeting. Murrells took the reins of the supermarket as CEO in March 2017, following a five year stint heading the company’s food business. [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
