London landlord Grosvenor pays for tenants to extend Eat Out to Help Out August 26, 2020 West End landlord Grosvenor will pay for its Mayfair and Belgravia tenants to continue to offer half price meals throughout September to boost visitor numbers in central London. The property company said it will fund the £10 discount offer after the government’s Eat Out to Help Out scheme comes to an end on 31 August. [...]
FTSE 100 swings into the red as pound surges with US stocks mixed August 25, 2020 The FTSE 100 stumbled as traders shrugged off Brexit worries to bid up the pound, while US stocks were mixed after the US and China signalled progress on trade. London’s main stock index was 0.3 per cent lower at 6,088 points in afternoon trading, having dropped back after climbing more than one per cent. The [...]
Southeastern to introduce colour-coded system to help commuters avoid busy trains August 25, 2020 Train franchise Southeastern will from next week tell passengers how busy their train is before they board to help them better observe social distancing rules. The operator, which runs rail services into London and the south-east, will become the first franchise to share such data directly with commuters in a bid to increase confidence that [...]
Downing Street refuses to call for Londoners to go back to work August 24, 2020 Downing Street has refused to call for more people to return to their offices, despite increasing fears that decreased foot traffic in central London will cripple the economy. The Prime Minister’s official spokesman said today that it was up to individual employers to decide whether to bring back employees, while also refusing to say if [...]
UK retail sector enjoys ‘significant’ jump in footfall as economy recovers August 24, 2020 The number of visits to UK retail destinations jumped last week as the economy’s recovery picked up steam, new data has shown, with London a particular bright spot. Footfall was up 4.1 per cent in the 16 to 22 August period compared to the previous week, data firm Springboard said today. The rise was “a [...]
Exclusive: Consumer goods firm Ultimate Products to repay furlough scheme wages August 24, 2020 Consumer goods firm Ultimate Products will repay all the money that it has claimed through the government’s job retention furlough scheme after outperforming expectations despite the coronavirus pandemic. City A.M. can reveal that the London-listed firm is set to give back the £465,237 it was given to keep staff on over the lockdown period, and [...]
The City View: Moneypenny CEO on why it’s time to come out of hiding and find some confidence August 24, 2020 In this episode Christian talks to Joanna Swash, chief executive of the customer services and office support provider Moneypenny, which has 20,000 corporate clients in the UK and US. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Joanna talks about the impact of the early stages of lockdown on her company and explains how she transitioned 1,000 [...]
Wall Street ticks up as FTSE 100 sinks into red amid Covid-19 case worries August 21, 2020 Wall Street crept marginally higher this afternoon and the FTSE 100 dropped again as investors weighed up the global economic recovery and pockets of rising coronavirus cases. London’s blue-chip index closed down almost 0.19 per cent at 6,001 points, while the FTSE 250 climbed 0.24 per cent. US markets opened in the red before reversing [...]
Inside Missguided: Welcome to a world of celebrities, swearing, and knock-off fast fashion August 21, 2020 What is it about Manchester for producing creativity? The Hollies, The Bee Gees, Simply Red, The Verve – I could fill a whole page with the successful bands that have come out of Manchester. Then there’s Manchester-based brands and retailers: the Co-op, Kellogg’s, Warburtons, Betfred, AO.com. And then of course, there’s fashion. The Very Group, [...]
The City View: Rachel Cunliffe on the government’s competence problem August 21, 2020 In this episode Christian is joined by City A.M.‘s comment editor, Rachel Cunliffe, who expands on her forthright column from earlier in the week, criticising the education secretary Gavin Williamson. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Rachel talks about the failure of leadership and accountability surrounding the A-level marking fiasco, [...]