Bank Holiday shopping: High streets anticipate Easter weekend footfall boost April 16, 2022 High streets are set to receive a footfall boost over the Easter weekend as shoppers make the most of good weather. Retail insight firm Springboard has forecast footfall will rise 6.2 per cent week on week, across all retail destinations. A spike on Saturday will see footfall lifted some 13.3 per cent, from the week [...]
Power stations could be paid to switch off during Queen’s Platinum Jubilee celebrations April 14, 2022 The National Grid could have to pay for power generators to turn down energy supplies during the Queen’s Platinum Jubilee celebrations.
Partygate: Junior minister resigns after PM given police fine April 13, 2022 Junior justice minister Lord David Wolfson has quit the government for “repeated rule-breaking” in Downing Street in what is the first ministerial resignation after Boris Johnson was handed a police fine yesterday. Wolfson said in a resignation letter to the PM that “the scale, context and nature” of the breaches of Covid rules by the [...]
First Tory MP calls for Johnson to quit after receiving Covid fine April 13, 2022 The first Conservative MP has called for Boris Johnson to resign after he received a fine from the Metropolitan Police for breaking his own Covid restrictions. Amber Valley MP Nigel Mills today said Johnson’s position is no longer tenable and that “I don’t think a Prime Minister can survive or should survive breaking the rules [...]
Rishi Sunak considered resigning over partygate fine – but settled for an ‘unreserved apology’ April 13, 2022 Embattled chancellor Rishi Sunak considered resigning over partygate but settled for an apology instead. The second in command to Boris Johnson was issued with a fixed penalty notice over lockdown breaches this week, plunging his political ambitions into chaos. It is understood, according to The Times, he discussed his political future with his inner circle [...]
Renewables generated more power than gas and coal amid record wind turbine performance April 13, 2022 Renewables provided more power over the first three months of the year than gas and coal, according market specialist EnAppSys.
Ted Baker: US private equity firm Sycamore will join formal sales process for fashion chain April 13, 2022 Ted Baker has given confirmation that New York-based suitor Sycamore will take part in a formal sales process. The retailer had previously rejected a number of bids from the US private equity firm, claiming their proposals had significantly undervalued the high street fashion chain. The announcement does not mean that Sycamore will certainly throw its [...]
Rishi Sunak’s weak stomach for a scandal could spell the end for Johnson April 13, 2022 When Boris Johnson catapulted a young upstart from Treasury minister to Chancellor of the Exchequer, he likely envisaged Rishi Sunak would be pliable and amenable to his insatiable desire for spending rather than the thin-skinned thorn in his side.
Johnson says sorry for breaking his own Covid rules as he vows to stay as PM April 12, 2022 Boris Johnson has apologised for breaking his government’s Covid rules to attend his own work birthday party in 2020 and has vowed to stay on as Prime Minister. The PM, chancellor Rishi Sunak and Carrie Johnson were all handed Fixed Penalty Notices by the Metropolitan Police today for a lockdown-busting work birthday party in Downing [...]
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]