National World: Yorkshire Post and The Scotsman owner agrees £65m takeover December 18, 2024 Shareholders in National World, the media group whose titles include Yorkshire Post and The Scotsman, are set for a bumper pay day as a takeover deal which values it at over £65m was agreed. Irish media group Media Concierge, which currently holds a 26 per cent stake in National World, first tabled an offer worth [...]
Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
Southeastern boss: Success is not about public or private ownership December 18, 2024 City AM chats with Southeastern Railway's chief Steve White on Covid-19, Labour's reforms and his plans to bring down costs.
Brexit hit to UK trade not as bad as first thought December 18, 2024 The negative impact Brexit had on UK trade may have been softened by big firms adapting to EU barriers, fresh research from a top London university has shown. A report from the Centre for Economic Performance, linked to the London School of Economics, found that “in the short run, aggregate trade proved moderately resilient” to [...]
London rents rise again as house prices hold: ‘It is nothing short of brutal’ December 18, 2024 Rents in London have continued to show double-digits rises despite a stablisation in the housing market and lower mortgage rates. Average UK private rents increased by 9.1 per cent in the 12 months to November 2024, with rents in London up 11.6 per cent, according to the latest ONS figures. Propertymark chief Nathan Emerson called [...]
Eastern City BID December 18, 2024 The Eastern City Business Improvement District (BID) enhances London’s iconic areas like Aldgate, Bank, Monument, and Liverpool Street by improving public spaces, supporting businesses, hosting events, and promoting arts and culture. Funded by a levy on local businesses, the BID reinvests in local projects, fostering a vibrant environment for work and leisure. Established in 2022, [...]
Red Bull: Leeds United minority owner set to increase football investment December 18, 2024 The energy drinks brand already has a minority stake in Leeds but has an option to increase it.
Build a new town in London December 18, 2024 The government has committed to building new towns with at least 10,000 homes but where should they go? London is the obvious place, says Jonathan Seager If you were asked to picture a new town in England, what comes to mind? Some of the better-known settlements established in the mid-20th century may well feature – [...]
Why Canary Wharf has just topped the list of UK retail destinations December 18, 2024 The phrase ‘London retail’ tends to conjure up images of crowds on Oxford Street, boutiques in Marylebone or Chelsea, maybe a Westfield. Green Street, however, has just rated Canary Wharf as the number one retail destination in not only London, but the UK as a whole. Canary Wharf is certainly having a good year: In [...]
DCMS fear rugby future as £30m in taxpayer loans expected to be written off December 18, 2024 The government could be forced to write off nearly £30m of taxpayers’ money loaned to sports bodies, clubs and the arts during the Covid-19 pandemic. The figures, revealed today by the National Audit Office, provide a stark update on the £474m aid package provided by the Department of Culture, Media and Sport. Rugby union was [...]