Derwent’s Baker Street project enters next phase as rent collection picks up May 6, 2021 Derwent London’s ambitious mixed-use Baker Street project entered the next phase as construction firm Erith won the contract on the scheme. Erith beat other companies to the £3m deal, which will involve knocking down existing buildings on Baker Street, George Street and Blandford Street. The news comes as the property giant presented its first quarter [...]
Trainline posts £100m loss as sales drop through the floor May 6, 2021 Trainline has reported a huge £100m loss for the year as lockdown restrictions sent sales plummeting. The company reported an operating loss of £100m compared to an operating profit of £2m the previous year, as net ticket sales plummeted 79 per cent to £783m. The FTSE 250 firm’s revenue dropped 74 per cent from £261m [...]
Crunch time for Mayor of London candidates as polls across the capital open May 6, 2021 Today is the day that Londoners will visit polling stations across the capital to vote for the next Mayor of London. Polling stations are open from 7am to 10pm and if you are in the queue at 10pm, you will still be able to vote. The count will begin tomorrow at 9am and continue throughout [...]
‘Light at the end of the tunnel’ for Superdry after reporting return to growth May 6, 2021 Superdry sees “light at the end of the tunnel” after reporting a return to revenue growth in the fourth quarter, boosted by its ecommerce division. In a trading statement Superdry said it had been “substantially impacted” by the pandemic with group revenue for the full year down 21 per cent year-on-year to £556.6m. However the [...]
Britain’s mayors need more teeth to succeed in creating jobs and wealth May 6, 2021 On Thursday, seven English city regions will vote in the metro mayoral elections, including West Yorkshire for the first time. These are showcase elections with candidates setting out their bold visions and plans for the future of the cities. Mayors play a critical role in our cities. They are able to use hard and soft [...]
US backs plans to waive intellectual property rights for vaccines May 6, 2021 US President Joe Biden has backed plans to temporarily waive intellectual property rights for Covid-19 vaccines in a bid to boost supply for developing countries. The Biden administration threw its support behind the plans, which were proposed by India and South Africa which claimed the patents had been an obstacle. The plans had previously been [...]
Shopper numbers surge as stores reopen but retail footfall lags behind pre-pandemic levels May 6, 2021 The number of shoppers visiting UK retail destinations surged last month as non-essential stores were able to reopen for the first time in months. However, despite the spike caused by the lifting of lockdown restrictions, retail footfall in April remained 32.7 per cent lower than pre-pandemic levels in 2019. It was an improvement from the [...]
Mayor of London election: Beware the capital’s slide into a one-party city May 6, 2021 Most major election campaigns have trademark moments or themes that leave an indelible image on the electorate and become a part of the public’s collective memory. The 2019 General Election will be remembered as the Brexit election and for Boris Johnson’s “Get Brexit Done” slogan. In the 2016 London mayoral election there was Zac Goldsmith’s [...]
Alastair Campbell: Back from the brink May 6, 2021 Alastair Campbell has used his experience of mental ill health as a platform for awareness and advocacy. He reveals his strategies for managing and supporting wellbeing. This article first appeared in ICAS’ CA magazine. There’s a section in Alastair Campbell’s recent book Living Better in which he suggests a journalist should have written that his [...]
Demand for food delivery helps Uber narrow losses in the first quarter May 5, 2021 Uber said it saw continued demand for its food delivery business in the first quarter but bookings in its ride-hailing division were flat on the previous quarter. The company delivered revenue of $2.9bn in the first quarter but took a $600m hit to account for a settlement relating to the classification of its UK drivers. [...]
