Tube trips in shopping hotspots hit one million as people fall for Christmas frenzy December 7, 2022 Trips on the tube to key shopping centres have reached pre-pandemic levels, as the Elizabeth Line and Christmas rush boosts retail. More than one million entries and exits were recorded on 3 December at stations such as Oxford Circus, Knightsbridge and High Street Kensington, figures published today by Transport for London (TfL) showed. Tottenham Court [...]
Moonpig customers purchasing cheaper gifts and ‘hesitating’ due to Royal Mail strikes December 7, 2022 Shoppers hunting for birthday and anniversary presents are forking out for cheaper options and hesitating to send cards due to postie walk-outs, Moonpig’s boss has said. Ongoing disruption from Royal Mail strike days was “clearly not helpful” to the greetings cards business, CEO Nickyl Raithatha told CityA.M., as customers expected deliveries on specific days. Customers [...]
December strikes: Who’s walking out when and how will it affect you? December 6, 2022 December is set to be a month blighted by industrial strife, with everyone from nurses and posties to train drivers and security staff to walk out. With inflation reaching a 41-year high at an eye-watering 11.1 per cent, thousands of workers have voted to down tools and ask for a real-term increase in pay. As [...]
‘Thousands of jobs at risk’: Bar bosses despair over fresh Christmas rail strikes December 6, 2022 Pub and bar bosses were last night left despairing over a slew of fresh strike dates, which fall over Christmas. Rail union RMT announced three more days of walk-outs on Monday night, with workers set to strike from 6pm on Christmas Eve to 6am on 27 December. Industrial action had already been planned on 13, [...]
RMT announces three more days of rail strikes over Christmas December 5, 2022 The union RMT has announced three more days of strike over Christmas as it put Network Rail’s offer to its members with the recommendation to reject it. Workers are set to walk out from 6pm on Christmas Eve to 6am on 27 December. This will be in addition to the planned industrial action on 13, [...]
London venues warn they will haemorrhage sales if rail strikes go ahead this Christmas December 5, 2022 London restaurants have warned they will haemorrhage sales should planned railway strikes go ahead this month, as union bosses rejected a new pay offer over the week. Searcys champagne bar and restaurant chain, which has venues at the Gherkin and St Pancras International station, said it was worried it would take a 30 per cent [...]
Capital People: Meet the Bond Street watch dealer serving Daniel Craig and the uber-rich December 2, 2022 London watch dealer Raj Jain has an interesting backstory, having bought and sold rare, antique and luxury watches in both the UK and Mumbai since the 1980s. An industry stalwart, he has been based in London’s fabulous and famous Bond Street area for almost three decades with a watch shop that’s “like a museum” but [...]
John Lewis seals £500m deal with Abrdn to enter rental property market December 2, 2022 John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]
Asos interim chief financial officer steps down December 2, 2022 Asos is set to continue its search for a new finance boss, after its interim chief financial officer (CFO) announced her exit today. Katy Mecklenburgh, who will leave the online retailer in around six months, is set to join London-listed IT group Softcat in 2023. The outgoing interim chief had only held the role since [...]
City Moves: Who’s switching jobs in the Square Mile this week? December 2, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Heathrow Express Heathrow Express has appointed a new director and business lead, who rejoins after a three-year hiatus. Daniel Edwards previously led the Heathrow VIP commercial team before becoming head of retail categories. Edwards, who launched its [...]