Superyacht sales return as more billionaires splash out November 9, 2021 Superyacht sales are on the rise, coinciding with a growing number of billionaires able to splash out on the luxury cruisers, according to reports. The superyacht industry has this year significantly outperformed “any of the last 12,” superyacht brokers Fraser Yachts told The Times, which first reported the news. One possible reason for the rebound [...]
UK audit reforms and governance to be watered down after business backlash November 9, 2021 The UK’s reform package to overhaul corporate governance and auditing will be “scaled back” following pushback by businesses, according to reports. Officials working on the plans, which are being finalised, are expected to water down some of the proposals, the Financial Times reported. The reform package, which has been touted as the biggest overhaul to [...]
Prime central London growth forecast to outperform other areas November 9, 2021 Property group Savills has forecast Prime central London to grow eight per cent in 2022 as wealthy international buyers flock back. The market is anticipated to grow 23.9 per cent over the next five years while prime outer London will see a hike of 13.7 per cent. Growth in the market has been subdued because [...]
Ocado sees biggest sales jump from pre-pandemic levels November 9, 2021 Ocado has been dubbed one of the big winners from Covid-related changes to shopping. Its sales have grown 35.7 per cent, the strongest increase out of all supermarkets, according to the latest figures from Kantar. The retailer’s market share stayed flat at 1.7 per cent. “Generally, online has done fantastically well in the pandemic, the [...]
Locals fight plan to turn the Truman Brewery into a shopping mall November 9, 2021 Local residents continue to oppose plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane after developers won approval from the local council. The Save Brick Lane Coalition is close to raising the £10k needed to pursue legal action against Tower Hamlets Council with the aim of blocking [...]
No more dependency on Alstom and Siemens, urges rail regulator November 9, 2021 The Office of Rail and Road (ORR) has urged Network Rail to put an end to its dependency on French and German signalling system providers Alstom and Siemens. In a report published on 8 November, the regulator has urged the railway body to transform its approach to procuring and delivering signalling processes, widening its pool [...]
Baker & Spice in Belgravia, has a tried and tested day service – but what about its new dinner menu? November 9, 2021 Nestled in a quiet backstreet in Belgravia, Baker & Spice is a gourmet Mediterranean café and bakery that branched out to dinner service this September. It has a generous outdoor dining space equipped with heaters and blankets to ward off the autumnal chill and a small indoor dining room with cosy booths and tables for [...]
Bank of England to launch consultation on plans for a digital pound November 9, 2021 State issued digital currency promises to be the next big financial experiment as the UK’s Central Bank prepares to launch a consultation on the electronic pound. HM Treasury and The Bank of England have joined forces to explore issuing a digital currency backed by the UK’s central bank, known as a CBDC, and are planning [...]
Don’t make climate promises you can’t keep November 9, 2021 Company CEOs and governments have rushed recently to make “net-zero by 2050” promises. This is a very admirable sentiment but in reality, how many of those CEOs and leaders of government will be in their current positions in 2050? Likely zero. Promises are easy to make when making them is an easy way to carry [...]
Telecoms watchdog set to protect some 700 of London’s iconic red phone boxes November 9, 2021 Ofcom is set to protect some 5,000 of the UK’s iconic telephone boxes from closure, which could extend to more than 700 in London. The telecoms regulator will ensure that payphones in locations not covered by all four mobile networks, located at an accident or suicide hotspot, has had more than 52 calls made from it over the last year and whether exceptional circumstances mean [...]
