JD Sports’ chair steps down after City watchdog fine for covert car park meeting May 25, 2022 JD Sports’ executive chairman Peter Cowgill is to step down from his role with immediate effect, the sportswear brand has announced. The London-listed retailer said it had opted to accelerate a separation of the roles of chair and chief executive. Cowgill’s departure follows JD Sports and its rival Footasylum being slapped with fine worth almost [...]
British Land unveils £3.6bn green neighbourhood project for Canada Water May 25, 2022 British Land, one of the UK’s largest property developers, has today unveiled a £3.6bn plan to build a 53-acre town centre in Canada Water alongside Aussie pensions giant AustralianSuper. The regeneration project will include up to 3,000 new homes, as well as more office space – which expected to host 20,000 workers amid London’s post-pandemic [...]
David Mitchell on acting, cancel culture and why the internet is evil May 25, 2022 On 15 March 2020, David Mitchell took a bow following what he reckoned was the best performance yet of The Upstart Crow, the West End version of Ben Elton’s sitcom about William Shakespeare. The next day the country went into lockdown. “I found the pandemic pretty bleak, really”, says the comedian and panel show host. [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Crossrail LIVE: First Elizabeth Line train departs after hundreds of excited Londoners wait for hours at Paddington May 24, 2022 The first Elizabeth line train from Paddington through central London departed on time at 6.33am carrying hundreds of excited transport enthusiasts. A crowd of people gathered outside Paddington station in an attempt to to be on the first Elizabeth line train when services begin at 6.30am. There were around 300 people waiting at 6am. Colin [...]
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
West End landlord Shaftesbury reaps rewards of London’s exploding rents May 24, 2022 West End landlord Shaftesbury has reaped the rewards of exploding rental growth in London, as its portfolio valuation swells as the new Elizabeth line is unveiled. The real estate investment trust raked in nearly £19m in rent in the six months to 31 March, as its offices, hospitality and leisure, retail and residential portfolio increases [...]
Strong B&Q earnings rebuild investors’ risk appetite to kick off week May 23, 2022 Investors picked up their risk appetite again during the opening trading day of the week as B&Q owner Kingfisher helped mend market sentiment. London’s premier FTSE 100 index jumped 1.67 per cent to 7,513.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.56 [...]
US issues final Brexit warning to UK not to take unilateral action as American delegation visits Dublin and Belfast May 23, 2022 The UK government has been warned by a delegation of US politicians not to unilaterally remove the Northern Ireland Protocol as such a move “will not work”. Democratic Congressman Dan Kildee urged Foreign Secretary Liz Truss to engage in face-to-face negotiations with Brussels to resolve the outstanding issues. It comes as the bipartisan US congressional [...]
US private equity titan Sycamore abandons bid for Ted Baker May 23, 2022 Private equity giant Sycamore has pulled out of the race to snap up iconic fashion firm Ted Baker.