Empty stores on Oxford Street rise by a fifth in six months June 10, 2021 The number of empty stores on Oxford Street has risen by nearly a fifth since the start of 2021, as pandemic-led lockdowns took a toll on the high street. Some 17 per cent of stores on London’s most famous street have closed since January, according to research by Property Week. Among the most famous and [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
itim Group plans to float in London as Justin King joins board June 8, 2021 Itim Group plc has announced its intention to float on London’s AIM market, capitalising on structural shifts in the retail sector as coronavirus restrictions ease. The retail software as a service (SaaS) company is seeking to raise between £10 million and £12 million in an IPO. WH Ireland will act as sole broker and the [...]
Warm weather and half-term tempts shoppers back to the high street June 7, 2021 The number of shoppers in retail destinations rose by 11.6 per cent last week, with a combination of warm weather, a bank holiday and half-term tempting punters back to the high street. The number of shoppers on the high street rose by 17.4 per cent last week, according to the latest data from Springboard, while [...]
Sir Martin Sorrell’s ad agency terminates office leases to go fully hybrid June 7, 2021 London-based S4 Capital, the advertising agency run by Sir Martin Sorrell, has terminated several office leases as staff are being encouraged to adopt fully flexible hybrid working practices. The advertising guru, who resigned from his previous firm WPP in 2018, said creativity is not being lost by the arrangements. “We always knew that our people, [...]
Winemaker Gusbourne necks strong revenue despite hospitality restrictions June 7, 2021 Winemaker Gusbourne has reaped the benefits of lockdown wine nights this past year, despite the hospitality group battling lower trading sales. The group’s net revenue rose by 28 per cent to £2.11m, up from £1.65m the year before the pandemic pushed people’s social lives to their sofas. The winemaker’s share’s lifted 1.22 per cent in [...]
Foreign investors now own 66 per cent of London-listed shares, data shows June 7, 2021 Foreign investors have upped their stake in British industry this year to a record 66 per cent, extending the global ownership of London-listed stocks. Investors in 107 countries were identified in new analysis of UK shareholder registers by investor relations consultancy Orient Capital. Foreign holdings of UK shares have risen steadily over the last decade, [...]
Exclusive: Government set to take ‘gentle’ approach to get people back to the office June 4, 2021 The government is set to take a “gentle” approach in getting people back to the office this summer, with working from home advice also expected to be scrapped on 21 June if the roadmap goes ahead as planned. Government sources told City A.M. that ministers will not take a hardline approach to get people back [...]
3 Companies that are actively hiring in London right now June 3, 2021 As we all start returning to a normal, covid-free life, a lot of us may start looking to make some changes. Especially when it comes to our careers. For the last 18 months or so, we’ve all been doing our best to keep our heads above water, but now feels like a great time to [...]