British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
Trainline seeks Whitehall reassurance as rival ticketing app spooks businesses February 6, 2022 Trainline’s bosses have been fretting over a possible government-funded ticketing competitor, saying it could destroy the business. The group has reportedly sought reassurance from Whitehall that ministers’ plans to create a new ticketing app will not undermine its business, the Sunday Telegraph reported. According to Peel Hunt analyst James Lockyer, after a meeting where Trainline’s [...]
Khan urges government to ‘get a grip’ on cost of living crisis February 5, 2022 Mayor of London Sadiq Khan has called on the government to “get a grip” on the cost of living crisis, after energy prices were confirmed to rise by £700 this year. A new energy price cap coming into effect in April will see customers paying an average of £700 more a year. With runaway inflation, [...]
Shoppers expected to cut back as country faces deepening cost of living squeeze February 4, 2022 January marked the eleventh consecutive monthly of like-for-like retail sales as shoppers have returned to London’s shopping hotspots. However, retail chiefs warned that the cost of living squeeze may soon curtail Brits’ spending habits. Total like-for-like sales, combined in-store and online, increased by +51.9 per cent in January, according to data from accountancy firm BDO. [...]
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
Shoppers flock to Oxford St in West End’s busiest week since last November February 3, 2022 The West End has enjoyed busiest week since November 2021 following the easing of Covid restrictions last month. In the first full week since plan B measures eased, areas including Covent Garden and Oxford St, saw a return of shoppers. Footfall hit 79 per cent of pre-pandemic levels, the highest seen since last autumn, before [...]
Green shoots of recovery for UK high streets after Omicron measures ease February 3, 2022 The lifting of plan B restrictions spurred the UK back to shopping destinations but January footfall dropped on December levels. According to the latest footfall insight data from Springboard, footfall worsened slightly in January over the month as a whole, to 20.8 per cent below pre-pandemic levels. This was compared to footfall that was down [...]
Middle-class favourite Ocado leads FTSE 100 higher February 2, 2022 London markets climbed this morning as middle-class favourite and online supermarket Ocado leads the FTSE 100 higher. The capital’s premier FTSE 100 index added 0.47 per cent to reach 7,571.48 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, gained 0.72 per cent to hit 22,327.31 [...]
Amazon adds 25,000 workers amid e-commerce boom February 2, 2022 Amazon added 25,000 British workers to its payroll last year as booming demand for e-commerce led to a surge in recruitment at fulfilment and sorting centres.
British Land splashes £157m on London warehouses amid logistics investment boom February 2, 2022 Real estate investment firm British Land has snapped up three warehouses in Wembley as it looks to tap into soaring demand for logistics hubs across London.