Travelodge enjoying recovery as Brits go budget for beds May 9, 2022 Travelodge has reported a strong recovery from the impact of the pandemic and expects to benefit from the growing number of ‘staycation’ breaks. The hotel chain reported a 1.8% increase in revenue in the last quarter of 2021 compared with 2019, to £185 million. Revenue for the year was down by 23% compared with 2019, [...]
Aussie investors are poised for a UK green investment splurge, says National Australia Bank exec May 9, 2022 Australian firms are readying a further splurge of investment into the UK to capitalise a boom in renewable energy and infrastructure projects, according to a top National Australia Bank executive.
CBI teams up with Indian counterpart to get trade deal ‘over the line’ May 9, 2022 Britain’s biggest business group will team up with its Indian counterpart to “push the UK-India trade deal over the line,” it announced today. The Confederation of British Industry (CBI) and Confederation of Indian Industry (CII) have jointly launched a commission to boost industry collaboration between the two countries. A free trade agreement between Britain and [...]
London economy squeezed by inflation grip in sign of looming UK-wide slowdown May 9, 2022 London’s economy is being choked by intensifying inflationary pressures in a sign that the rest of the UK is headed for a period of weaker growth, reveals a fresh survey released today. Concerns about a reduction in consumer spending in response to the worst cost of living crunch in 30 years has pushed London business [...]
Coy consumer ‘raises the risk’ of UK recession May 9, 2022 The risk of the UK being thrown into a recession is building, according to closely watched forecasts published today that chime with the Bank of England’s recent contraction warning. Households leaving their £180bn pandemic savings war chests largely untouched in the face of greater uncertainty “raises the risk of recession,” according to new forecasts by [...]
London cabbies need to give up an antiquated system holding our economy back May 9, 2022 Have you tried to get an Uber in central London recently, and, upon seeing the price just thought “may as well get a black cab”? At least that way, you skip the hassle of trying to find your designated Toyota Prius and can simply hail a driver from the street. But the cost and expense [...]
Stephen Poloz on the volatility disrupting the global economy May 9, 2022 This article first appeared in ICAS’ CA magazine. The era of global volatility is demanding rigour and quick thinking from finance professionals. Stephen Poloz, former Governor of the Bank of Canada, charts a course through the noise. The title of Stephen Poloz’s book, The Next Age of Uncertainty, is a wink to a formative text in his [...]
Letters: What’s wrong with renting? May 9, 2022 [Re: We should be creating a Right to Build not reviving more Thatcherite dreams, May 5] Elena Siniscalco is right to criticise the right-to-buy policy, and not just because it reduced both rented housing stock and increased house prices across-the-board: the policy was also one of the main underlying causes of the 2008 crash. The [...]
Lack of properties in London’s poshest postcodes sees rental prices soar May 9, 2022 The cost of renting a property located in one of London’s most prestigious postcodes has jumped 28.3 per cent over the previous year, due to a shortage of rental properties and booming demand. There are now 50 per cent fewer rental properties hitting the market than before the pandemic, new figures from LonRes show. The [...]
Finger lickin’ good: Quorn teams up with KFC for European expansion May 9, 2022 Quorn has teamed up with KFC to expand into European markets as the demand for meat-free alternatives boom across the world.
