‘His pledge is in tatters’: Khan slammed over tube strikes as London faces £62m hit October 2, 2023 Greater London Authority’s Conservatives have slammed Sadiq Khan ahead of fresh disruption on London’s tube network this week, as the mayor’s commitment to halting industrial action during his tenure comes back to haunt him. “Sadiq Khan pledged that there would be zero strikes under his mayoralty but he has the worst strikes record of any [...]
‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
While you were working from home, the City kept going on haphazard casual hours September 27, 2023 The split between office workers only in the office half the week, and hospitality staff in every day has created a cultural divide down the middle of London, writes Claire Campbell
Facebook owner Meta shells out £149m to break London Regent’s Place lease September 26, 2023 Facebook owner Meta Platforms surrendered one of its two buildings at Regent’s Place, paying £149m at the end of September to break the lease. Property developer British Land revealed that the end of the lease will result in post interest savings of 0.6 pence for the half year. The £149m fee was first reported by [...]
Tube strikes: Bosses warn of ‘hammer blow’ to London trade as dispute drags on September 26, 2023 Business chiefs have warned that rail strikes set to take place in next week will deal another “hammer blow” to trade in the capital as the cost of rail strikes on City businesses continues to rise.
County Championship: What to watch out for in final round September 26, 2023 This week sees the final round of County Championship cricket matches, and relegation, promotion and titles are all on the line. Two teams across Division One and Division Two will be crowned champions while two teams will drop down from the top tier and two teams will climb into the main league. Here’s what to [...]
Crypto AM Summit and Awards – the nominations are in! September 25, 2023 There are only 15 days to go until the Crypto AM Summit and Awards, and all the nominations are now being weighed up by the judges.
Activist investor Kelso takes stake in ‘undervalued’ retailer The Works September 25, 2023 Activist investor Kelso has snapped up a stake in arts and crafts retailer The Works today and said it will look to “restore the intrinsic valuation of the firm” after a slump in its share price over the past five years.
Asos: All eyes on pandemic poster child’s turnaround results September 24, 2023 Investors will turn their focus to online retailer Asos’s trading update on Tuesday to see if the digital fashion store has shown signs of a rebound, following its ongoing turnaround plan and bid to pick up the pieces after a post-pandemic lull. Asos was once the poster child of pandemic success, at its height buying [...]
Here’s when Wilko will close its final stores following collapse September 22, 2023 Wilko is to shut the doors of its last remaining stores on Sunday October 8 as the collapse of the historic retailer comes to a close. The hardware and furnishings retailer tumbled into administration last month after it came under pressure from weak consumer spending and debts to suppliers. The retailer will shut its final [...]