Bermondsey Reach: Wittington Investments to snap up Southwark development with 300 flats March 25, 2022 Some 300 apartments are being planned for a site in Southwark that reportedly has a £135m development value. The 1.3 acre site has received planning consent for 312 residential flats and more than 20,000 sq ft of retail and commercial floorspace. Centerbridge and Argon Capital have appointed advisors from CBRE and KALMARS on the sale [...]
Bar Council chief hits out at critics who say lawyers are enabling Vladimir Putin’s regime March 25, 2022 The head of the Bar Council has claimed lawyers are being unfairly criticised as “facilitators and enablers” of Vladimir Putin’s regime. Speaking at a service at Temple Church last night, Mark Fenhalls QC, chair of the body that represent barristers, hit out at critics of the lawyers who have worked for those with links to [...]
‘Isolated status’ of Hong Kong pushes half of European firms to consider their exit March 25, 2022 Hong Kong’s pandemic-induced “isolated status” has pushed half of European businesses in the financial hub to consider packing up their bags, according to a new report. With firms unable to keep hold of staff, the city’s “ongoing ‘Zero-Covid’ strategy has come at a very high cost for Hong Kong’s business community,” the European Chamber of [...]
Lidl to create 1,200 new warehouse jobs by 2025 for Luton distribution centre March 25, 2022 Lidl will create more than 1,200 new warehouse jobs by the end of 2025 as construction on a new distribution centre nears completion. Construction was started on a new Regional Distribution Centre (RDC) in Luton last year, which boasts 1.2m sq ft. Now, the discount retailer is looking to fill roles at the warehouse. Team [...]
UK flight compensation to be slashed under post-Brexit government plans: from £220 to £57 March 25, 2022 UK flight compensation rules could be slashed out, consumer champion Which? warned today. Under new government plans, passengers could see their refunds go from £220 to £57, saving airlines hundreds of thousands of pounds per year. “Ripping up current compensation rules for UK flights would be a huge blow for passenger rights and embolden airlines [...]
Exclusive: Carbonplace and Climate Impact X team up for carbon credit scheme March 25, 2022 Carbonplace and Climate Impact X have teamed up on a pilot scheme to lower entry barriers for carbon credits trading.
Wickes revenue surges past £1.5bn as DIY chain acknowledges cost of living crunch March 25, 2022 Wickes has reported revenue has hit £1.53bn after rising 14 per cent last year. Like-for-like sales were up 12 per cent on 2020 and 18.6 per cent on 2019, as lockdown shoppers turned to DIY projects. David Wood, chief executive, said the company expected to continue outperforming the market. Wickes was “well-placed to capitalise on [...]
Russia is serious about accepting Bitcoin for oil and gas, says senior lawyer March 25, 2022 Russia is giving serious consideration to accepting Bitcoin in exchange for its gas and oil exports, a senior lawmaker has claimed.
Medical cannabis facility headed for Kent following $100m investment March 25, 2022 A medical cannabis facility is headed for Kent, thanks to a record $100m investment by GW Pharmaceuticals. The new owner of the British pharma firm, Jazz Pharmaceuticals, will build factory at its existing site at Kent Science Park in Sittingbourne, The Times first reported. Following the $7.2bn takeover, more than 100 new, “highly skilled” jobs [...]
United Utilities says inflationary pressures will offset higher revenues this year March 25, 2022 The UK’s largest water company, United Utilities, has said it expects its higher revenues, which expects to post as part of its financial results in May, will be offset by higher costs, linked to mounting inflationary pressures. The Warrington headquartered utility said current trading is in line with expectations for the financial year ending on [...]
