British entrepreneur Mike Lynch gears up to fight US extradition attempt February 8, 2021 Mike Lynch, the British businessman facing accusations of fraud, will this week fight attempts to extradite him to the US. Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related to the 2011 acquisition of his former software firm Autonomy by tech giant Hewlett Packard. Following the sale, HP wrote [...]
Window shoppers flock back to Central London as footfall jumps on lockdown fatigue February 8, 2021 Window shoppers flock back to Central London as footfall jumps on lockdown fatigue
Franco Manca owner The Fulham Shore in talks over restaurant expansion February 8, 2021 Franco Manca owner The Fulham Shore said it is in negotiations for many sites across the UK as it gets ready to restart its expansion plans as soon as lockdown restrictions are lifted. The firm has been able to secure discounts on new sites, with the coronavirus pandemic enabling it to acquire new restaurants at [...]
Around 2,450 high street jobs lost as Boohoo buys Arcadia brands at ‘discount price’ February 8, 2021 The sale of Dorothy Perkins, Wallis and Burton to Boohoo has put 2,450 jobs at risk, as all of the Arcadia brands’ physical stores are set to close. Deloitte, which was appointed as administrator to Sir Philip Green’s collapsed retail empire, announced today that Boohoo has bought the brands’ digital assets for £25.2m. All 214 [...]
Boohoo buys Arcadia brands Dorothy Perkins, Wallis and Burton February 8, 2021 Online fashion giant Boohoo has bought Arcadia brands Dorothy Perkins, Wallis and Burton out of administration in a £25.2m deal. Boohoo has bought the brands’ e-commerce and digital assets and associated intellectual property rights. The deal does not include the retailers’ physical stores and the brands will become online-only. All 214 Dorothy Perkins, Wallis and [...]
Central London retail investment doubles as fresh brands swoop on empty high street stores February 5, 2021 Less established brands swooped on discounted central London property in the final quarter of last year, as the collapse of former high street stalwarts has prime space up for grabs. Total central London retail investment in the fourth quarter of 2020 reached £475m, more than double the volume reported in the final three months of [...]
Cheers: Substantial meal rule to be scrapped when pubs reopen February 5, 2021 The rule that punters have to order a substantial meal with their pint is reportedly set to be scrapped when pubs reopen later this year. The prime minister will allow restrictions on pubs to be simplified after the full lockdown is lifted. Under the tier system that was in place before the latest national lockdown, [...]
Retailers ‘desperate’ for roadmap out of lockdown as sales continue to fall February 5, 2021 Retailers “desperately” need the government to provide details on a roadmap out of lockdown in order to plan for recovery after the pandemic, experts said as sales continued to fall. The Prime Minister has previously said the government will publish plans to lift lockdown restrictions in the week of 22 February, with easing not expected [...]
UK house prices dip in January as market boom begins to ‘run out of steam’ February 5, 2021 UK house prices dipped last month, the latest data showed, in the first indication that the property market boom could be running out of steam. Average house prices across the UK fell 0.3 per cent in January compared to December, dropping to £251,968. Experts said the month-on-month drop – the steepest since the first lockdown [...]
Remote working ‘could cost UK economy up to £95bn a year’, report finds February 4, 2021 Remote working could cost the UK economy up to £95bn a year, according to a new report analysing the benefits of office environments. Research commissioned by commercial landlord Landsec found that face-to-face working boosts productivity and innovation and sparks investment in residential and commercial property, business events, meetings and travel. The report found that the [...]
