Aviva and Allianz partner on £500m City office and retail development February 28, 2022 Aviva Investors and Allianz Real Estate have entered a partnership for a massive ongoing development in the heart of the City of London. The joint venture, 1 Liverpool Street and 101 Moorgate with a gross development value of around £500m, are central to the Crossrail development site in the Square Mile. “London is one of the [...]
Distribution giant Bunzl reports slip in profits despite boost in revenues February 28, 2022 Distribution giant Bunzl reported a slip in profits today despite revenues rising 1.7 per cent, as its food and retail divisions rebounded from a pandemic slow down.
Ukraine invasion hits global markets as £77bn is wiped off FTSE 100 in worst day in years February 25, 2022 Almost £77 billion was wiped off the value of London’s top 100 listed companies on Thursday as global markets plummeted following Vladimir Putin’s invasion of Ukraine. As fighting continues between Russian aggressors and Ukrainian defenders, traders across the world sold off shares as they tried to figure out the consequences. In London, the impact was [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 25, 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. BDO Accountancy and business advisory firm BDO has further strengthened its tax expertise with the appointment of two new partners. Joining the firm in London from Leyton, Radeep Mathew is set to focus on advising clients on issues around R&D [...]
IKEA to inject £1bn into London over the next three years February 24, 2022 IKEA is set to inject £1bn into London over the next three years, as it opens the doors to its first small store in Hammersmith. The Swedish furniture retailer, known for its large warehouse stores, is looking to branch out into city centres with a smaller, more accessible offering. The West London store, a quarter [...]
Stratford site sold for development of 380 new homes February 24, 2022 A site in Stratford, East London has been sold to Telford Homes in a project that will see 380 new homes. The site was sold by LCR, the Department for Transport (DfT) and HS1 Limited. Currently used as a bus layover and taxi rank, the site is situated on International Way. The site is located [...]
Three companies that are hiring this Spring February 23, 2022 Are you thinking about getting a new job, but you’re not entirely sure where to start? We know how daunting it can be, which is why we’re here to help as much as possible. If you’re on the hunt, then this is certainly a good place to start. We’ve hand selected three really great companies [...]
Metro Bank says turnaround plan is working after cutting losses to £245m February 23, 2022 Metro Bank has said its turnaround plan is working, despite losing £245.1m last year, after its revenues increased 17 per cent despite the economic impacts of Covid-19. The London retail bank said its efforts to cut costs and win over customers had started to work, after it set out its turnaround plan, to rejuvenate its [...]
Storm Eunice dampens retailers’ hopes for half term footfall boost February 22, 2022 Bad weather dampened high streets’ recovery last week with retail footfall dropping 3.8 per cent across the country. Retailers were hoping for a booming half term, however all three types of retail destinations – high streets, retail parks and shopping centres – marked a footfall drop. According to retail experts Springboard, Storm Eunice resulted in [...]
Hargreaves Lansdown records slump in profits as pandemic investment surge settles February 22, 2022 Retail investment platform Hargreaves Lansdown recorded a dip in profits for the first half of its financial year as the pandemic boom in trading volumes began to settle.