Canary Wharf owners look to sell stake in shopping malls as office portfolio struggles September 1, 2024 Canary Wharf's owners are reportedly in talks with third parties to sell a stake in its four underground shopping centres as the banking district's office portfolio struggles with working from home trends.
Easing inflation helps retail footfall in August despite riots August 30, 2024 Retail footfall in the UK was boosted by good weather and easing inflation in August, despite the effect of the violent riots which erupted earlier in the month. Total UK retail footfall fell by 0.4 per cent in August year-on-year, compared to an annual drop of 3.3 per cent in July, according to the British Retail Consortium (BRC). It’s [...]
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Future of Rosebank in doubt as UK drops challenge to judicial review August 29, 2024 The future of Britain’s largest untapped oil field, Rosebank, has been thrown in to doubt after the new government said it would not challenge a judicial review. The decision affects the field which is just off the Shetland Islands, as well as Jackdaw, another untapped site 150 miles east of Aberdeen. Legal challenges against the [...]
Quiz plots turnaround strategy after fashion chain swings to loss August 29, 2024 High street retailer Quiz has announced a turnaround strategy after swinging to a loss in its final year earnings, blaming cost-of-living pressures and cool consumer demand. The Glasgow-headquartered company booked a loss before tax of £6.7m, including a £1.5m non-recurring impairment charge, falling from a profit of £2.3m in 2023. Earnings before interest, tax, depreciation [...]
Cricket needs more like Flintoff so smaller nations must get financial support August 29, 2024 Andrew Flintoff’s Field of Dreams On Tour, the decline of Test cricket and whether a mooted hardship fund distributed by the ICC might just keep the red-ball game alive. You know when a broadcaster thinks it has a hit on its hands because it releases a series one episode at a time rather than in [...]
Square Mile and Me: James Uffindell on building Bright Network August 29, 2024 Each week we ask a City figure to take a trip down memory lane. Today, James Uffindell, CEO of Bright Network, takes us through his career.
Average Northerner to be £210,000 less wealthy as Labour urged to reform taxes amid fears of autumn raid grow August 29, 2024 New analysis from the Institute for Public Policy Research (IPPR) showed that the UK's tax regime is "driving regional inequalities" by taxing wealth and income at different levels.
When it comes to delivering growth, talk is cheap August 29, 2024 Keir Starmer might not have much in common with Liz Truss, but they both put the pursuit of economic growth at the heart of their plan for government.
Starmer’s civil service cronies set a dangerous precedent August 28, 2024 In appointing donors, yes-men and activists to senior roles, the Labour leader is undermining a cornerstone of our democracy: civil service impartiality, says James Price After years and years of criticising the Tories, Labour were meant to be different. We were told that they would be a breath of fresh air, restoring rectitude and ethical [...]