Bargain bin: Topshop’s former Oxford Street site on sale for £420m May 2, 2021 For years it was the jewel in the crown of Sir Philip Green’s retail empire. But with the collapse of Arcadia last November, the former home of Topshop on Oxford Street is now on the market for a cool £420m. Marketing materials seen by The Times suggest the property will offer a “new age retail [...]
US economy grows rapidly in Q1 as consumer spending drives recovery April 29, 2021 The US economy grew by an annualised 6.4 per cent rate in the first three months of the year as the world’s largest economy roars back into life. It was the second-highest figure for one quarter since 2003. Read more: Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ Much of the recovery [...]
Uber sees “green shoots” of recovery as recruitment spree gets into gear April 29, 2021 Uber are planning to hire an additional 20,000 drivers across the UK this year as the firm sees the first signs of an economic recovery. The firm’s Northern and Eastern Europe boss Jamie Heywood, who is based in London, told City A.M. that “green shoots” are “coming through exceptionally strongly” as lockdown restrictions loosen. Read [...]
New: Mishcon de Reya plot IPO by end of the year April 28, 2021 Law firm Mishcon de Reya is set to float on the London Stock Exchange later this year after the firm’s partners voted to explore an IPO today. The IPO would see every member of staff become a shareholder in the listed business, the London-HQed outfit confirmed. Read more: Sign up to three daily City A.M. [...]
COP26: Public backs Government climate drive but some fear the cost April 28, 2021 The British public back moves to ‘go green’ but a third fear efforts will hit them in the pocket, new polling reveals today. More than half of both the public and MPs, who were also polled, believe climate change should be top of the Government’s agenda – regardless of the Covid-19 pandemic. But knowledge of [...]
The City View podcast, with Bulb’s Hayden Wood April 26, 2021 This week Andy Silvester speaks to Bulb founder and CEO Hayden Wood, the renewable energy company that now supplies almost one-tenth of UK homes and is seen as the fastest growing firm in Europe. Andy and Hayden talk about Bulb’s growth, the challenges of managing in a pandemic, and what more the Government can be [...]
Guardiola joins Klopp in criticising plans for Super League April 20, 2021 Manchester City boss Pep Guardiola has criticised plans for a European Super League this afternoon, joining a growing wave of criticism from the highest tiers of football. Guardiola’s City are one of 12 clubs confirmed to be a part of the new ‘closed shop’ Super League. But the Spaniard this afternoon said “sport is not [...]
Bankers appointed to find buyers for Rugby World Cup commercial rights April 20, 2021 The Rugby World Cup could be set for a commercial shake-up with City bankers now working with rugby’s governing body. Jefferies and Rothschild have been appointed by World Rugby to appraise their fundraising options after a year disrupted by Covid-19, Sky News’ Mark Kleinman has reported. Sources told Kleinman that the body would speak to [...]
Podcast: The City View, with Michael Dugher April 19, 2021 This week Andy Silvester is joined by Michael Dugher, the Chief Executive of the Betting and Gaming Council. A sector always in the spotlight, the £7bn+ industry is going through a Government review which will shape the future of gambling.
Retail and food magnate behind Selfridges and Primark dies aged 80 April 13, 2021 W. Galen Weston, the retail and food businessman behind Selfridges Group, Fortnum & Mason and Primark, has died aged 80. Weston passed away peacefully yesterday after a long illness, his family announced today. “My father’s greatest gift was inspiring those around him to achieve more than they thought possible,” said his son Galen G. Weston, [...]