Frenkel Topping revels in surging revenues powered by acquisition spree April 25, 2022 Frenkel Topping Group (Frenkel) has rebounded from the pandemic with booming revenues and soaring profits, following a flurry of acquisitions.
McColl’s warns of ‘softer’ trading as newsagent continues rescue talks April 25, 2022 McColl’s has acknowledged “softer trading” as customers hold back on spending while the chain continues to try secure a financial lifeline from partners. Shares tumbled some 50 per cent in early trading on Monday morning, after the retail firm gave an update on its rescue deal talks. In a trading update on Monday, the convenience [...]
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
British Land sells off £694m stake in Paddington Central to Singapore state-fund April 25, 2022 British Land has sold off a majority stake in its London Paddington Central assets to Singaporean sovereign wealth fund GIC. The London-headquartered firm, one of the largest property developers in the UK, will wrap up its majority ownership over the next three months, British Land confirmed in a regulatory filing today. The state-backed fund will [...]
Business body calls for closer UK-US trade ties April 25, 2022 ONE OF Britain’s largest business groups will join growing calls for an ambitious trade deal between the US and the UK. The British Chambers of Commerce chief Shevaun Haviland will say that trade is vital to the UK’s economic recovery after Covid-19 when she speaks at an event later today. A cross-Atlantic trade deal has [...]
Priti Patel’s single minded focus on the Channel has let talent leave our shores April 25, 2022 Immigration is an issue which cuts through. We have seen this with the firestorm following the announcement about how future migrants crossing the Channel will be diverted to Rwanda. The Home Office has pursued it with distinctive single-mindedness, precisely because of its political pull. One of the most powerful slogans of the Brexit referendum campaign [...]
UK house prices hit ‘hat-trick’ new high, climbing more than £5.5k since March April 25, 2022 The average price of a home has hit its third record high in just three months, as spiralling costs dampen the hopes of Londoners looking to climb the ladder. Prices have jumped 1.6 per cent since March – the equivalent of £5,537 – to £360,101 on average across the UK, according to Rightmove today. With [...]
The Square Mile’s efforts on sustainability must be grounded in real action – not claims April 25, 2022 Earlier this month, the City saw the familiar banners and heard the recognisable chanting of Extinction Rebellion, who made their way across the Square Mile. Protests like theirs have become commonplace globally. Whether you agree with their tactics or not, it is impossible to deny that their actions reflect a shift in the public mood. [...]
Small businesses suffer unprecedented cost assault in sign of more economic woe April 25, 2022 Swelling costs are eating away at small businesses’ margins in a sign that a key engine of the UK’s recovery is beginning to stall, reveals fresh research published today. Nearly nine in 10 small businesses have experienced an uptick in their operating costs, squeezing their room to combat what is expected to be a weaker [...]
CBI president: UK needs to tap into fintech’s ‘flotilla of benefits’ April 25, 2022 The UK needs to tap into “a flotilla of benefits” on offer from the country’s world-beating fintech sector, the president of Britain’s top business group will urge today at a gathering of the City’s biggest and brightest minds. Lord Bilimoria, president of the Confederation of British Industry (CBI) and a cross-party peer, will stress to [...]
