Burberry shares climb as group clings onto profit during pandemic November 12, 2020 Burberry shares climbed almost four per cent at market open this morning as the luxury retailer announced it had clung onto profit during the coronavirus crisis. The results The pandemic dealt a heavy blow for Burberry, with revenue sinking 31 per cent in the 26 weeks to 26 September, as the fashion retailer was forced [...]
Could ditching the office make us all poorer? November 12, 2020 While we have in many ways adjusted to life in a pandemic, the profoundly disorientating changes we’ve seen since the initial nationwide lockdown are stark. The “death of the office” narrative has persisted through the easing and then reimposing of lockdown restrictions, and while no one can predict exactly how this will play out, it [...]
£200m Mayfair office redevelopment gets green light November 11, 2020 Developers have been given the go-ahead for a £200m project to transform Mayfair’s Lansdowne House into office and retail space. Westminster City Council granted planning permission to real estate firm Core to redevelop the property in Berkeley Square. Core said the project is a “huge boost” for central London and the city’s office market, despite [...]
The Piano Works and Kerb market bosses among those pushing Rishi Sunak to back hospitality investment November 11, 2020 London hospitality firms including The Piano Works, street food market Kerb and bar operator Lollipop have called on the government to incentivise investors to help rebuild the sector without burdening struggling companies with extra debt.
London unemployment rate sees largest rise in a generation November 10, 2020 The number of people out of work in London soared over the summer, with the largest quarterly increase in the unemployment rate in over 30 years. Figures from the Office of National Statistics (ONS) show the unemployment rate in the three months to September rose 1.2 per cent from the previous quarter to six per [...]
TfL launches new scheme to curb London bike theft November 10, 2020 TfL will today launch a partnership with British cycling retailer Halfords to encourage Londoners to safely and securely lock up their bikes and reduce the risk of theft.
Exclusive: Ex-Labour mayor defects to Tories over Sadiq Khan’s record on crime November 10, 2020 A former Labour mayor of Islington has defected to the Tories and is campaigning for the party’s mayoral candidate after being disappointed with Sadiq Khan’s handling of violent crime in London. Islington councillor Rakhia Ismail, who was mayor of the London council last year, quit Labour in September alleging she had experienced racism within the [...]
Spending slipped ahead of lockdown but takeaways and web services stayed popular November 10, 2020 Spending slipped ahead of lockdown but takeaways and web services stayed popular
Editorial: London’s thriving future depends on giving today’s youngsters a chance November 9, 2020 This miserable year has hit all of us in different ways. The elderly have, of course, suffered most from a virus that seems to have it in for them. But the young generations are those that have been hit hardest economically. That’s not a wild surprise – many work in hospitality, retail, and other sectors [...]
Tech and the City: Listing rules set for revamp to lure unicorns November 8, 2020 Rules governing public listings are reportedly set for a huge overhaul in a bid to lure tech giants to the City. Chancellor Rishi Sunak is next week set to announce a review into stock market listings to encourage tech unicorns, firms valued at over $1bn, and other high-growth companies to list in London rather than [...]