Spike in package holidays and foreign travel may be ‘rare positive legacy of pandemic’ October 11, 2022 Foreign holidays are back with a bang with 45 per cent of people going abroad in the last year. The latest study from travel agent association ABTA found the level of foreign travel in the last 12 months was equivalent to 70 per cent of that in 2019, pre pandemic. With coronavirus restrictions lifted, a [...]
West End has 109 per cent sales boost but retail leaders call for ‘urgent’ business reform October 10, 2022 West End retailers are calling for fresh support and radical reform to help continue their pandemic recovery. The organisation representing 600 outlets and hospitality firms in Bond St, Oxford St, Regent St and Mayfair announced the district is returning to pre-coronavirus levels, but that it still needs help to stop it faltering. The New West [...]
UK’s largest housing association Clarion told to improve by Ombudsman after failures on mould and pests October 10, 2022 The Housing Ombudsman has found multiple failures from the largest housing association in the UK, Clarion. Clarion showed “evidence indicative of wider service failures” in areas including damp and mould, pest control and complaint handling, in a report published this morning. The HO said when it came to mould, Clarion “did not have a sufficiently [...]
Amazon to invest £300m in UK network to ‘electrify and decarbonise’ October 10, 2022 Amazon is to invest more than £300m in its electric vehicle fleet for the UK in a bid to reduce carbon emissions. The technology and delivery giant announced more than 1billion Euros investment across Europe over the next five years, with a big chunk in Britain to “electrify and decarbonise” its transportation network. While already [...]
More than 100 arrests after environmental activists block central London October 10, 2022 The Met Police made more than 100 arrests after environmental activists blocked parts of central London this weekend. Campaigners from Just Stop Oil and Animal Rebellion were detained by authorities after protesting at landmarks including Westminster Bridge and Piccadilly Circus. Police arrested activists in Berwick Street who were intending to cause criminal damage, seizing items [...]
Watkin Jones’ investment chief announced as new executive director October 10, 2022 Property developers Watkin Jones announced a raft of board appointments, including a new executive director. Alex Pease has been promoted from chief investment officer to the top job after joining the company in 2010. He was responsible for helping to Watkins Jones floating on the London Stock Exchange in 2016, before taking on its its [...]
Student accommodation group Unite sell 99 per cent of beds and makes £71m Stratford acquisition October 10, 2022 Student accommodation group Unite has sold 99 per cent of beds for the academic year, as it makes a major acquisition in Stratford for £71m. The company reported an increase in the number of beds bought up from 94 per cent in 2021/22 to almost 100 per cent this year, as university returns to being [...]
Kyiv rocked by series of explosions in reported retaliation for Crimea bridge blast October 10, 2022 Ukraine’s capital Kyiv was hit by a number of explosions on Monday morning, as the Kremlin hit back in wake of the alleged sabotage of a bridge in Crimea. The blasts just after 8am in Kyiv hit near its old town and government offices, days after Russia blamed Ukraine for a huge explosion on a [...]
Trade minister Conor Burns has whip suspended over claims of ‘inappropriate behaviour’ October 7, 2022 The Conservatives have suspended the whip for Trade Minister Conor Burns MP over claims of “inappropriate behaviour” at the Party conference this week. A Whips’ Office spokesman told City A.M.:“We have suspended the Whip pending investigation into allegations of inappropriate behaviour earlier this week. “We take all such allegations extremely seriously. The Prime Minister has [...]
Credit Suisse offers to buy back $3bn of its own debt October 7, 2022 Beleaguered bank Credit Suisse has offered to buy back $3bn of its own debt. It announced this morning it was making a cash tender offer in relation to eight euro or pound sterling denominated senior debt securities. This comes amid doubts over the solidity of Credit Suisse, which have been mounting after a string of [...]
