Greggs predicts profit to bounce back to pre-pandemic levels as restrictions lift May 10, 2021 Bakery chain Greggs this morning said profit for the year is expected to beat expectations and return to pre-pandemic levels, as long as no further Covid restrictions are implemented. The firm said sales had recovered well in recent weeks as the “stay at home” order was eased, buoyed by a lack of competition from cafes [...]
Oil prices rise after critical US pipeline hit by cyber attack May 10, 2021 Oil prices climbed higher this morning after a major cyber attack forced the shutdown of a critical US pipeline, sparking fears of shortages. Brent crude was up 0.6 per cent, at $68.66 a barrel this morning, having risen 1.5 per cent last week. US West Texas Intermediate futures rose 0.5 per cent at $65.24 a [...]
Forget Cornwall, London should be the summer holiday destination of choice May 10, 2021 There’s nowhere in the world as vibrant as a central London street in the evening. People come from all over the world, to be with people from all over the world. A person born in Camden can sit outside a café next to someone who has just arrived from the airport to start a new [...]
Sadiq Khan unveils huge London tourism campaign after reelection May 10, 2021 Sadiq Khan has today pledged to launch the “biggest domestic tourism campaign the capital has ever seen” following his reelection as London mayor. In a speech at Shakespeare’s Globe this morning Khan will unveil the new Let’s Do London campaign in bid to kickstart the city’s economy as Covid-19 restrictions are eased. The domestic tourism [...]
Labour reshuffle: Former BoE economist Rachel Reeves named shadow chancellor May 10, 2021 Rachel Reeves has been named shadow chancellor after Anneliese Dodds was sacked from the role late on Sunday night. The move came as part of a reshuffle of Labour leader Keir Starmer’s top team after a host of miserable results in Thursday’s local and mayoral elections. Dodds, well-liked and a competent performer, failed to cut [...]
The City skyline is changing and will earn its keep as a world-leader May 10, 2021 The Government will this week set out whether England can take the next step in its roadmap for easing lockdown restrictions as expected on 17 May. The data seems positive, so we hope to see more people returning to the Square Mile soon for work, hospitality, shopping and everything else on offer – other than, [...]
BrewDog: Best in show May 10, 2021 BrewDog is reinventing what it means to be a modern British business. CFO Niall McCallum CA tells Laurence Eastham why purpose drives the Ellon-based beer maker’s success. This article first appeared in ICAS’ CA magazine. BrewDog is a great Scottish success story. The brewery and bar chain, founded in 2007 by James Watt and Martin [...]
Service sector confidence surges as vaccine rollout continues May 10, 2021 Service sector confidence soared to its highest level in more than a year last month as the UK’s continued vaccine rollout and the easing of lockdown restrictions boosted optimism. Confidence among businesses in the service sector hit a 14-month high in April after rising 1.36 points to 99.86, according to BDO’s latest services optimism index. [...]
UK business borrowing forecasts fall by £7bn on recovery hopes May 10, 2021 Forecasts for UK business borrowing have been slashed as the economy rebounds from the Covid-19 pandemic more quickly than anticipated. Banks are set to lend £19bn to British companies this year, up four per cent year on year but down from the £26bn forecast in February. Growth is set to slow further in 2022 to [...]
Rail disruption set to continue next week after cracks found in trains May 9, 2021 Travel chaos caused by safety checks after cracks were discovered in some high-speed trains is set to continue into next week, Brits have been warned. Robert Nisbet of the Rail Delivery Group said initial inspections of 183 trains taken out of service yesterday should be completed by the end of the day. But he warned [...]
