London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Wall Street dips after Fed minutes affirm low interest rates for longer April 7, 2021 Wall Street dropped towards the end of trading, as traders digested the latest update from the Federal Reserve latest’s meeting. The Dow Jones, and Nasdaq indexes are currently down by 0.06 and 0.07 per cent respectively, while the S&P 500 is performing a little better, up 0.6 per cent. The Fed struck a dovish tone [...]
Some 1,200 HSBC staff to permanently work from home April 7, 2021 HSBC is moving more than 1,200 staff in the UK to permanent working from home contracts, marking yet another company making major changes to its working patterns post-pandemic. Around 70 per cent of the bank’s 1,800 call centre staff based across England, Wales and Scotland have volunteered to never return to the office, employment union [...]
Buy the dip: Deliveroo gets bump from retail investors keen to get a slice of the pie April 7, 2021 Retail investors appear not to have lost their appetite for Deliveroo, with investors today pushing the price of Deliveroo stock close to where it first debuted on the London Stock Exchange. By mid-afternoon on Wednesday the price of Deliveroo was up around two per cent, trading at around £2.86, down from £2.87 at its market [...]
Kurt Geiger bucks retail trend to open nine new stores – including two in London April 7, 2021 Luxury footwear retailer Kurt Geiger is planning to open nine new branches when lockdown restrictions on non-essential stores end next week. Kurt Geiger, which is preparing to open all of its existing sites from Monday, will also launch new stores across the country, including two in London. The new branches will be in Stratford, Brixton, [...]
Deliveroo strike: Riders take action over pay and working conditions April 7, 2021 Deliveroo riders across the UK are on strike today over their pay and working conditions, on the same day as the food delivery app’s first full day of trading on the London Stock Exchange. The industrial action, which has been organised by the couriers and logistics branch of the Independent Workers’ Union of Great Britain, [...]
UK’s economic reopening takes off as Europe lags further behind April 7, 2021 Friday’s bumper US payrolls report saw both the DAX and Stoxx600 post new record highs yesterday, following on from similarly record sessions in the US on Monday, and while the FTSE100 continues to lag behind, the FTSE250 was still able to close within touching distance of a record close. China and the US aside, which [...]
Goldman Sachs propped up Deliveroo IPO with £75m investment April 6, 2021 Goldman Sachs pumped tens of millions of pounds into Deliveroo shares in order to prop up trading of the takeaway app, after investors shunned its market debut. The investment bank bought around £75m of Deliveroo shares – equivalent to a quarter of stock traded in the first two days after the London listing – the [...]
Warehouse developments to double this year as retailers respond to online shopping demand April 6, 2021 Warehouse space developments have boomed this year due to the rise of online shopping during the coronavirus pandemic, with the amount of sites set to complete in 2021 doubling compared to last year. The latest research showed that 40m sq ft of warehouse space developments are scheduled for completion this year, compared to the 20m [...]
Retailers prepare to reopen doors as shoppers look forward to returning to high street April 6, 2021 Retailers are preparing to reopen their doors next week after months of closure, with many consumers looking forward to returning to the high street. Research published this morning showed that 84 per cent of Brits said they are likely to visit their local high street or shopping centre next week, after non-essential stores reopen on [...]
Nobu and Hakkasan delivery app Supper to raise £5m to expand high-end restaurant platform across London April 6, 2021 Premium London restaurant delivery app Supper, which counts Nobu, Hakkasan, Zuma and Hide among its clients, has launched a £5m funding round to expand across the capital. The takeaway platform, which has described itself as the “Michelin star Deliveroo”, will raise £1.5m through private equity investment firm Growthdeck as part of the fundraise. Supper, which [...]