Check it out: There’s a new Fortnum & Mason restaurant in the heart of the City November 12, 2018 Fortnum & Mason today opened a new restaurant and shop in the Royal Exchange in a move it said marks its commitment to London as a global financial capital. The restaurant will be the luxury department store’s first outlet in the City. In addition to its flagship Piccadilly location, which opened in 1707, the company [...]
Farming supplier Carr’s Group milks profit jump and raises dividend November 12, 2018 Agricultural and engineering firm Carr’s saw a five per cent spike in share prices this morning after it reported a huge increase in profits and a boost in revenue in its full-year results today. The figures Carr’s revenue rose 16.5 per cent year-on-year to £403.2m. Profit before tax soared 45.2 per cent to £16.6m compared to the full-year [...]
Victoria & Abdul star: More TV shows should be set in London November 12, 2018 Streaming giants Amazon Prime Video and Netflix should explore producing more shows set against the backdrop of London, said Victoria & Abdul star Ali Fazal. Fazal, who starred as the companion of Queen Victoria, played by Oscar-winning actress Dame Judi Dench in the 2017 film, told City A.M.: “London is one of the greatest cities in [...]
UK distilleries on the rise as craft spirit craze continues November 12, 2018 The number of distillery businesses in the UK soared 30 per cent in a single year as demand for craft spirits grows, according to figures published today. Distilleries rose in number from 131 in 2016 to 170 in 2017, reflecting an increased appetite for unusual flavours and local spirits produced by boutique distilleries. Accountancy firm [...]
All Saints profits hit by retail storm November 11, 2018 Fashion brand All Saints has seen its profits plummet as online shopping continues to take its toll on high-street fashion retailers. The company’s underlying profits fell by more than half to £10.6m because of property losses and a drop in in-store sales. Sales rose eight per cent to £327m in the year to February. But [...]
Alibaba’s record-breaking Singles Day sales hit $10bn in first hour November 11, 2018 Online retail giant Alibaba today smashed records for the largest shopping day on the planet, making sales of over $1bn (£770.5m) in just 85 seconds. The sales came during Singles Day, the world’s largest online retail festival. Alibaba’s total sales hit $10bn after one hour and had reached over $24bn after 16 hours. The festival's sales eclipse the estimated [...]
Turkey gave Khashoggi tapes to European countries, says Erdogan November 11, 2018 Turkey has shared recordings related to the death of Saudi journalist Jamal Khashoggi with Germany, France and Britain, President Tayyip Erdogan said yesterday. Khashoggi, a prominent critic of Saudi Prince Mohammed bin Salman, was killed in the Saudi Arabian consulate in Istanbul in October. Erdogan has stated the murder was ordered by the “highest levels” [...]
Break the chain: Spotify backers fund estate agent Nested November 11, 2018 An estate agent that helps homeowners buy their next property chain-free has received £120m from the backers of Spotify, Betfair and Revolut. Nested gives homeowners a cash advance of up to 94 per cent of their property’s value, allowing them to buy a new home before completing a sale. The rest of the value is [...]
Beazley hit with $105m hurricane costs November 8, 2018 Lloyds of London insurer Beazley today said it expects costs of roughly $105m after a series of natural disasters in the US and Asia. Beazley said the payouts following hurricanes Florence and Michael and typhoons Jebi and Trami are in line with expectations. But the insurer, which covers a range of areas including kidnapping and [...]
Watch out for Brexit scammers, says UK financial regulator November 8, 2018 Scammers might seek to take advantage of uncertainty around Brexit to trick unsuspecting Brits, the Financial Conduct Authority (FCA) warned today. The regulatory said consumers should beware of unexpected calls, emails and text messages, and told consumers never to hand over their debit card pins. The warning came as part of a notice advising consumers [...]