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 [...]
Letters: Support for small businesses December 2, 2022 [Re: Exclusive: Business rates hike a ‘ticking time bomb’ for London economy, Mayor warns, November 29] The nation’s small and independent retailers are often described as the backbone of our high streets because of their important role in local communities and how much they contribute. While it’s rarely an easy environment for small businesses to [...]
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
Brexit adds £200 to Brits’ food bill, LSE study finds December 1, 2022 Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found. UK consumers paid a £5.8bn price tag in additional grocery costs, over the two years to the end of 2021, a study from the London School of Economics has found. As low-income households fork [...]
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
Winter of discontent: Platform staff join rail workers with more strikes in December November 30, 2022 Station platform workers have piled on more pressure to the British public before Christmas announcing a series of strike days in mid-December. Members of the TSSA union will join railway colleagues on the picket line as part of a long-standing dispute over salaries and jobs. Avanti West Coast workers will walk out on 13, 14, [...]
Rail strikes: Time for the government to bang some heads together November 30, 2022 Government has continued to claim rail strikes are a private discussion - but it's time for them to muscle in and find a deal
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
London not ‘hottest’ cannabis market in Europe but hope lies in CBD November 29, 2022 The UK government should capitalise on its efforts in medical cannabis research if it wants to keep up with the budding market growing across Europe. The country currently has the second-largest cannabis market in Europe, behind only France, and worth around $150m (£125m), according to a white paper by investment bank Bryan Garnier today. The estimated value is far [...]
FTSE 100 lifted by investors cheering HSBC Canada arm sale November 29, 2022 London’s FTSE 100 was boosted today by investors pouring into HSBC after it confirmed it has ditched its Canadian business for £8.4bn. The capital’s premier index jumped 0.51 per cent to 7,512 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.55 per cent [...]