UK banks carry out sweeping branch closures as customers go digital August 22, 2025 Some of the biggest traditional banks have shut more than one in three of their UK branches over the past five years as they turn away from the high street and dash to bulk up their digital offerings. Data from the Office of National Statistics (ONS) shows the number of bank, credit union and building [...]
Business rates are a relic of a bygone era. Reform them to save the high street August 22, 2025 Business rates are sinking Britain’s high streets - inaction is no longer an option for the Chancellor, writes Shevaun Haviland.
WH Smith shares tumble after retailer admits accounting blunder August 21, 2025 Shares in WH Smith tumbled on Thursday after the newsagent and travel retailer admitted to an accounting blunder that has wiped tens of millions of pounds from its profits. The FTSE 250 firm said a “financial review” identified an overstatement of around £30m of expected headline trading profit in its North America division that was [...]
Eat, Drink, Sleep, Repeat: The best London and New York restaurants August 20, 2025 Our Toast the City judge Martin Williams gives his bi-weekly opinion on all things dining. This week he splits his time between London and New York. There has been a good amount of excitement in the hospitality sector as of late, with JKS and Dishoom both heading to America on expansion trails. Last weekend I, [...]
Can nostalgia save Topshop? August 20, 2025 With Topshop set to return to the high street next week, Becky Mailen asks whether nostalgia alone will be enough to save the brand.
Why Artillery Lane is the City of London’s most charming street August 20, 2025 Our Toast the City Awards are celebrating the City’s top spots and takes place this October. This week: the bars and restaurants of Artillery Lane and Passage. Broadgate’s skyscrapers are so tall and imposing that it can feel overwhelming casting your eye upwards. Head from here into the bowels of Victorian London by way of Artillery Lane, [...]
On this day in 1968: Moscow crushes the Prague Spring August 20, 2025 On this day in 1968, Alexander Dubček's experiments in "socialism with a human face" with the Prague Spring were met by the force of Moscow.
How the banking net zero fantasy ran out of gas August 20, 2025 Over the past year, the world’s biggest banks‘ net zero enthusiasm has quickly and quietly dried up. Top lenders have backtracked, diluted or outright abandoned their environmental, social and governance (ESG) policies. The return of President Donald Trump has been highlighted as a turning point for green finance with firms across the financial industry turning sour [...]
Monzo to follow Revolut and Klarna with launch of mobile service August 19, 2025 Monzo has become the latest fintech darling to expand its lifestyle reach with the firm exploring the development of mobile phone services. The London-based firm is looking to offer a Monzo-branded service to its over 12 million in account holders. The service would follow rival Revolut issuing plans in April to enter the mobile market [...]
Surging food inflation hits restaurant sales August 19, 2025 Food inflation is accelerating once again, eating into consumers’ pockets and pushing prices higher across the board. Inflation at the grocers hit five per cent in the four weeks ended August 10, down from 5.2 per cent in the previous month but well above the wider UK rate of 3.6 per cent. Real wage growth, [...]