Coronation: Sixty-two million pints to be poured at UK pubs, but City might miss out May 2, 2023 Pubs across the UK are bracing for an influx of visitors to celebrate the coronation of King Charles III this week, with some trade groups suggesting the sector could see a multi-million pound boost from increased sales. UK pubs will see a £120 million boost as people flock to pubs during the bank holiday weekend, [...]
UK retail giant set to ditch central London office space amid job losses May 1, 2023 John Lewis is looking to cut its office space by over 50 per cent after the company seeks to drastically cut costs benefiting from a loose hybrid working approach. The John Lewis Partnership, which also owns Waitrose, first announced its plans to move offices last year, waiting until the lease of its current Victoria HQ [...]
Coronation: How much will it be worth to the West End? April 30, 2023 Retail and hospitality businesses across London’s West-End are gearing up for a £50m boost during the Coronation weekend, as a flock of tourists will help temporarily relieve inflationary and cost of living woes. According to figures from New West End Company, which represents 600 retail, restaurant, hotel and property owners spanning from Bond Street to [...]
Printworks: London nightlife venue to become offices as new plans revealed April 28, 2023 The Printworks London nightlife and culture venue in Canada Water is to become a net-zero office space, new architectural plans have revealed. British Land, the commercial property owners behind Printworks, have unveiled an ambitious repurposing project for the land, which was formerly a printing press, and is the last major unconverted industrial building in central [...]
FTSE 100 live: No Friday feeling for London index as banks follow Natwest to dip into negative territory April 28, 2023 London’s blue chip FTSE 100 index was trading flat, down 16 points at 7,815.94, as banks led the fall in the last day of trade before the May bank holiday. Despite better than expected profits Natwest shares fell 5.58 per cent. Michael Hewson chief market analyst at CMC Markets said: “When NatWest reported its full-year [...]
HMV to reopen flagship London Oxford Street store after ‘dramatic turnaround’ under new owner April 28, 2023 Music and entertainment giant HMV will reopen its flagship London store on Oxford Street after four years, in wake of a “dramatic turnaround” under new ownership. The move comes after the company fell into administration in 2019, shuttering its store on the high street, partially due to the increase in streaming, which dented physical sales [...]
IN PICTURES: Flags, robes and specialist merch – how Londoners are preparing for the Coronation Weekend April 28, 2023 London retail is set for a big boost from the coronation, according to figures released today by the New West End Company. The company, which represents 600 retail and hospitality businesses in the West End, forecasts that sales over the Coronation Weekend will hit £50m. Total footfall is predicted to reach 1.75m, 24 per cent [...]
Cazoo drives towards profitability after year of chaos April 27, 2023 Cazoo, the online car retailer, reported a boom in gross profit, increasing from £3 million to £14 million in the first three months of 2023, following a year of instability. The London-headquartered, but New York-listed, firm, however, reported an 11 percent dip in revenues, down to £247 million. But markets reacted well to the firm’s [...]
Post-Brexit visa rules hurting London tourism industry, Sadiq Khan warns April 27, 2023 The mayor has called on the government to ease travel rules around European school children, language students and hospitality, construction and retail workers.
London: Shot in the arm for West End as Uniqlo UK boss says Covent Garden is the place to be April 27, 2023 Fashion chain Uniqlo said it was committed to London after opening its second store in six months. Alessandro Dudech, chief operating officer at Uniqlo UK said the company regarded it as honour to be opening a store in Covent Garden. He said it was an area of London with “cultural and retail heritage”. He added: [...]