Thai chain Giggling Squid has a lot to laugh about as earnings grow November 12, 2018 Thai restaurant chain Giggling Squid has reported increased earnings as it continues to expand across the south of England, bucking the UK restaurant industry’s downward trend. The company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of £3.28m for the year to the end of March, up 54 per cent from last year, while [...]
Check it out: There’s a new Fortnum & Mason restaurant in the heart of the City November 12, 2018 Fortnum & Mason today opened a new restaurant and shop in the Royal Exchange in a move it said marks its commitment to London as a global financial capital. The restaurant will be the luxury department store’s first outlet in the City. In addition to its flagship Piccadilly location, which opened in 1707, the company [...]
European Union’s technology tax edging closer, says French finance minister Bruno Le Maire November 12, 2018 The European Union’s plan to tax internet giants such as Google, Amazon and Facebook is nearing completion, according to the French finance minister. The proposed three per cent technology levy would target multinational companies with global revenues of more than £660m a year, in a move that could raise £4.4bn a year across Europe. Bruno [...]
How London’s high streets can weather the brewing retail storm November 12, 2018 London rightly bears the distinction of being one of the world’s most attractive places to live and work. But with that label comes risks as well as opportunities – and often, trends that we see across the country play out far more dramatically when it comes to our capital. Take our latest research into the [...]
Five things we learned from the Premier League weekend: Lucky Arsenal, in-form Jordan Pickford, Fulham test Shahid Khan’s patience, Roy Hodgson’s gripes and Tottenham earn a breather November 11, 2018 There have been many occasions during Arsenal’s rollercoaster 16-game unbeaten streak when it seemed like the run was about to end and the 1-1 draw with Wolves on Sunday was certainly one of them. The match had every one of the hallmarks of Unai Emery’s short reign: a slow, ponderous first half, an improvement after [...]
City faces a Brexit ‘nightmare’ unless a deal is done by Christmas, says new lord mayor November 11, 2018 The new lord mayor of London has said banks and insurers will face an "administrative nightmare" unless a Brexit deal is secured by Christmas. Former Barclays executive Peter Estlin told the Sunday Times that there was a "huge amount" of anxiety in the City despite recent suggestions that the Prime Minister was closing in on a [...]
Amazon to stock iPhones for Christmas after promise to clamp down on fake Apple products November 10, 2018 Parents or partners of Apple fans will be able to turn to Amazon this Christmas to buy the latest iPhone for their loved ones. In the next few weeks, the online retail giant will start selling iPhones and iPads in the US, Europe, Japan and India, expanding its previously limited range of Apple products. However, customers [...]
Golden quarter could bring Christmas cheer to struggling British retailers November 9, 2018 Retailers might find seasonal cheer in an early Christmas present as experts predict a strong final quarter to the year. Sales in the sector are expected to tick up by two per cent year-on-year, according to analytics company Global Data. The increase will be driven by food and groceries, which are expected to grow 2.5 [...]
Iceland’s palm oil Christmas ad banned for being ‘too political’ November 9, 2018 Iceland has had to pull its eagerly-anticipated Christmas advert from the nation’s TV screens for breaching political advertising rules. The festive clip, which tells the story of deforestation caused by palm oil production through an animated short film about an orangutan, was made in a deal that Iceland struck with campaign group Greenpeace. However, the [...]
UK economy grows at fastest rate in two years but longer term growth subdued November 9, 2018 The UK economy grew at its fastest rate in two years in the three months to September after a strong summer. GDP grew by 0.6 per cent in the third quarter of the year, up from 0.4 per cent in the three months to July, the quickest economic expansion since the end of 2016, according [...]