London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
JD Sports: Why Peter Cowgill’s scandal-stricken exit was only a temporary blip in the brand’s race to the top May 9, 2023 JD Sports has no problem showing rivals how it’s done. This morning the ‘king of trainers’ kicked off its five year growth strategy, with a proposed acquisition of a leading French sports brand Courir, costing the brand a weighty £425m. As share price for JD Sports soared over three per cent this morning, it’s clear [...]
Purplebricks shares tank as estate agent warns of long road to profitability May 9, 2023 Purplebricks has warned investors that a return to profitability early next year was unlikely, as the online-only estate agency continues to mull a sale in efforts to take in some cash. Purplebricks’ share price was last trading down over 60 per cent after it revealed instruction levels in remained below last years levels, forecasted at [...]
House prices “under greatest pressure” in London and south east as rate hikes take their toll May 9, 2023 The average price of a home dipped slightly by 0.3 per cent in April but homes in the South of England and London remain "under the greatest pressure” as they face the most expensive property prices and borrowing costs.
Bring me sunshine! Retailers hit by grim April weather as economy held back by the rain May 9, 2023 Retailers continued to be bruised by soaring inflation and poor weather conditions in April, as the sector holds out hope for summer to give a much needed boost in sales. Data by the British Retail Consortium (BRC) showed that while retail sales rose slightly over five per cent during the month, overall inflation meant that [...]
Square Mile veteran set to chair medical cannabis company May 8, 2023 Kanabo Group, which creates medical cannabis, is set to announce on Tuesday that Ian Mattioli will become its new non-executive chairman.
UP THE JUNCTION: Why Clapham’s pubs seem to be recession-proof May 8, 2023 Few London neighbourhoods can stir up conversation like Clapham does. Known for its cringey nightclubs and spawning array of trendy coffee shops, the region has long served as a first home for junior account execs and recruiters arriving in the capital to begin their careers and get a taste of city life. It’s also got [...]
Butcher saved by former Asda boss resumes trade May 8, 2023 Farmison & Co will once again begin selling its upmarket meats this week as a consortium led by the former chief of Asda look to bring the embattled brand back to life, following its collapse and subsequent rescue deal last month. The luxury butcher, which trades to the likes of Harrods and Fortnum & Mason, [...]
FRC begins hunt for new boss as audit body advertises role with £330k salary (and to be able to work from both London and Birmingham) May 5, 2023 The boss of Britain’s audit regulator, the Financial Reporting Council (FRC) will need “credibility, integrity and capability” to enact “organisation change”; they can also expect to be paid £330k plus benefits for doing so. An advert for the next chief executive of the FRC, which will soon become ARGA confirms previous City A.M . reports [...]
Splashing the cash on cardboard cut outs of King Charles, mugs and quiche: The Coronation top sellers May 5, 2023 Celebrations for King Charles III’s Coronation appear to have already started with Brits stocking up on nostalgic and whimsical goods to prepare them for the extra Bank holiday weekend. Discount supermarket Lidl said sales of quiche and champagne have increased 33 per cent and 50 per cent respectively, as shoppers look to pay homage to [...]
