Demand for e-commerce space to drive rental growth in London boroughs October 21, 2021 Dark kitchens and grocers could create 12m square foot of last mile logistics space requirements by 2025. Knight Frank has found that there will be an increasing need for spaces for same-day delivery firms, like Amazon, as well as ghost kitchens. A demand for urban logistics units has sharply driven down vacancy rates in urban [...]
BDO faces FRC investigation over audit of collapsed construction firm October 21, 2021 Accountancy firm BDO is being investigated by the UK accounting regulator over its audit of collapsed construction company NMCN. The Financial Reporting Council confirmed on Thursday it was examining the BDO’s audit of NCMN’s financial statements and its final set of accounts before it filed for administration on October 4. BDO resigned as the group’s [...]
Form Ventures closes £30m new fund to support startups navigating regulated sectors October 21, 2021 Venture capital firm Form Ventures, which aims to help startups navigate regulatory and policy issues as they scale, has today closed its second fund at its target size of £30m. British Business Bank was the fund’s cornerstone investor and was joined by several notable backers including Isomer Capital and Draper Espirit. Form plans to invest [...]
Woman convicted after assaulting TfL officers who wanted her to wear mask October 21, 2021 A woman has been sentenced to a 12-month community order after she assaulted two Transport for London’s (TfL) Transport, support and enforcement officers in December 2020. The defendant, Keia Williamson, was accused of being verbally abusive to officers after being asked to comply with the Covid-19 safety measures that required people travelling on the London [...]
Half term: Brits to inject £4.5bn into economy with Halloween staycations October 21, 2021 Families will inject £4.5bn into the economy with half-term staycations this month. Just under half of UK families will take a short break this half-term, according to the Travelodge Holiday Index. The hotel chain found London topped the list as most popular city and Halloween-themed destination. Those looking to enjoy Halloween on a staycation can [...]
Women plan boycott of clubs after police investigate reports of spiking via injection October 21, 2021 London women have said they will boycott nightclubs following reports of spiking via injections while venues called on the Home Office to open an inquiry. Nottinghamshire police received a dozen reports of spiking via an injection, rather than contaminated drinks, since September. Police forces are also investigating reports in Glasgow, Exeter, West Yorkshire and the [...]
Boris Johnson says ‘we need to move pretty fast’ on fixing Northern Ireland Protocol October 21, 2021 Boris Johnson has today underlined the urgency needed to fix the Northern Ireland Protocol, saying “we need to move pretty fast” to strike a deal with the EU. Johnson, on a visit to Northern Ireland, labelled the post-Brexit treaty as “not coherent with the Belfast Good Friday Agreement”. Negotiations over the implementation of the protocol [...]
Oil hits three year high before falling back October 21, 2021 Brent Crude oil hit a three-year high at $86.10 a barrel on Wednesday night, before falling to $83.51 the following day. The price has risen over 60 per cent this year, supported by a slow ramp-up in supply and a global coal and gas shortage which has driven a switch to oil for power generation. [...]
COP 26: Modi will attend UK climate conference October 21, 2021 India’s Prime Minister Narendra Modi will go to the COP26 climate conference in Glasgow. The country’s environment minister Bhupender Yadav confirmed his upcoming attendance to Reuters on Thursday. This follows weeks of uncertainty about his participation. Yadav said, “PM is going to Glasgow.” The news will be welcomed in Downing Street, after snubs from both [...]
Gymshark director buys majority share in HERA October 21, 2021 Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Richardson has taken the position of executive chairman at the fashion firm, which aims to grow into a £100m label over the next three to five years. In his new position, Richardson will oversee company strategy, create significant [...]
