Another London-listed firm heads for private hands in £100m sofa deal October 24, 2023 ScS, a sofa chain, is to go private after a takeover by an Italian furniture retailer - the latest firm to leave the London Stock Exchange
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
FTSE 100 live: London ends week deep in the red on back of Israel-Gaza war, borrowing and retail figures October 20, 2023 London’s FTSE 100 ended the week deep in the red following disappointing retail figures and falling but still very high, public borrowing stats. The capital’s premier bluechip index was 1.31 per cent down by the close, at 7,401.30, while the FTSE 250, which is more aligned with the domestic market, dropped to 0.9 per cent, [...]
“You’ve got one job”: Investors wants answer on London Stock Exchange outage October 20, 2023 Investors are looking for a “quick answer” today after the London Stock Exchange was hit by a technical incident which halted trading in hundreds of smaller stocks on Thursday. Normal trading has resumed on the bourse this morning after trading at the smaller end of the market was curbed by the incident yesterday, although bigger [...]
Port charges making decarbonisation ‘uneconomical’, says rail freight boss October 19, 2023 The boss of one of the UK’s biggest rail freight operators has bemoaned high loading charges levied by ports as “uneconomic” for the sector.
FTSE 100 close: Israel Gaza war concerns weigh down London markets again October 19, 2023 London's FTSE indexes dipped in opening trade on Thursday as continued concern over possible escalation in the Middle East left investors feeling cautious.
TfL and Westminster join forces with business to lure shoppers back to The Strand October 19, 2023 A new taskforce will be set up to boost footfall to London's historic Strand district after home working trends hit retailers.
Green light given for new Tower Hill sustainable tower as demand for office space rebounds October 19, 2023 The green light has been given for a new sustainable office building in Tower Hill, as demand for space in the Square Mile continues to rise.
Disinterest in trade jobs could see UK miss out on £98bn of growth, B&Q boss warns October 19, 2023 B&Q's owner stressed the importance of training up people in trade roles such as plumbing and electrics to address the shortfall.
Stansted boss: Scrap the ‘tourist tax’ to keep London competitive October 18, 2023 The boss of London Stansted Airport has called on the government to scrap the so-called tourist tax in order to keep London competitive.