A lack of loyalty eats into Deliveroo and Just Eat’s market share October 17, 2024 This morning’s Deliveroo results position it for long term growth reflecting the evolving demand for takeaways amid shifting consumer behaviour. A six per cent increase in Gross Transaction Value (GTV) in its Q3 update comes as competition and changing market conditions continue to create challenges across the industry, with rivals such as Just Eat Takeaway [...]
Travel inspo – the top travel destinations for 2025 October 17, 2024 As travel continues to evolve for millennials and gen Z, some surprising gems are topping the list of must-go-to destinations for next year. This list, compiled by Amex Travel, offers some great inspiration for your next escape from an increasingly dark and dreary London, featuring everything from vibrant cities to secluded beaches and dramatic scenery. [...]
HS2 back on track: Troubled line will run from London Euston after all October 17, 2024 The government is reportedly planning to reverse its decision to scrap the northern leg of HS2, extending the high-speed rail line from London Euston to Crewe. Having originally planned for the project to cost £37.5bn in 2009, the government’s latest estimation in Febuary this year ballooned to anywhere between £72bn and £98bn. Private talks involving [...]
Barclays: Government must do more to to help green finance October 17, 2024 Barclays has urged the UK government to prioritise three core actions to accelerate its transition and green finance efforts. As part of a report released alongside the Transition Finance Market Review, the bank warned that the country’s path to decarbonisation requires urgent policy and regulatory changes. Today’s report urged the importance of a national transition [...]
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]
UK house prices surge as cooling inflation gives rise to lower borrowing costs October 16, 2024 House prices in the UK rose by 2.8 per cent against the backdrop of the lowest inflation for three years and prospect of interest rates coming down further. The UK average according to the Office for National Statistics sat at £293,000 in the year to August 2024, though London prices are typically higher. This marked [...]
CBI says it has financial backing for return of flagship summit October 16, 2024 The Confederation of British Industry (CBI) has insisted it will have financial backing for its annual flagship summit next month as it returns for the first time since the group nearly collapsed last year.
Support for innovation is needed in Budget warns pharmaceutical industry October 15, 2024 The Association of the British Pharmaceutical Industry (ABPI) has called on Rachel Reeves to prioritise research and development (R&D) investment in the coming Labour Budget to unlock the potential of the UK life sciences sector. The APBI’s pre-Budget submission stressed the importance of maintaining and increasing public R&D funding to increase the UK’s attractiveness as [...]
Workspace: Lettings strong but occupancy declines with clients vacating October 15, 2024 Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
‘Super sewer’ boss hails opening of wastewater network October 14, 2024 London’s long awaited ‘super sewer’ opened today, marking a major milestone in efforts to protect the River Thames from sewage pollution. Designed to handle storm overflows, the Thames Tideway Tunnel opened its gates today, capturing 589,000 cubic metres of sewage within 24 hours during heavy rainfall in September. The 25km ‘super sewer’ has a total [...]
