The City View: Tony Matharu on why it’s time to get London moving again August 5, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by top hotelier and London businessman Tony Matharu, who believes the capital needs an injection of confidence to get people back on public transport, back in the office and back into the pubs, restaurants, shops and hotels. Also in this episode, Christian looks [...]
Could the bounce-back be quashed by a second wave? August 4, 2020 With some countries fearing a second wave of Covid-19 cases, Schroders’ chief economist Keith Wade considers whether a bounce back in the economy could be quashed. While there are hopes that the easing of lockdowns and reopening of businesses are beginning to give life to the global economy, fears of second waves of infections are [...]
The City View: Glass half full? Emma McClarkin on the future of British pubs August 4, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by the chief executive of the British Beer and Pub Association, Emma McClarkin, who represents over 20,000 pubs and whose members are responsible for 90 per cent of the beer brewed in the UK. Emma describes how pubs and brewers have responded to [...]
Hammerson pins hopes on ‘£800m’ raise to survive crisis August 3, 2020 Retail landlord Hammerson is considering tapping investors for up to £600m in a bid to shore up its finances during the coronavirus crisis. Hammerson, which owns Birmingham’s Bullring shopping centre and Brent Cross in north London, also confirmed that it is in advanced talks to sell its 50 per cent stake in Via Outlets to [...]
The City View: Thames Clippers’ CEO on getting London back to work August 3, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Christian is joined by Sean Collins, co-founder and CEO of London’s riverboat service, Thames Clippers, as the transport provider grapples with life under lockdown. Last year the company carried nearly 5 million passengers, many of them commuters, and today they’re operating at around 25 per cent of that. Despite the [...]
Retail vacancies to spike in coming months, experts warn July 31, 2020 Retail vacancies crept up in the second quarter but the industry warned of a spike in empty properties when the full impact of the coronavirus pandemic hits the high street. In the second quarter the shop vacancy rate in Britain increased to 12.4 per cent, from 12.2 per cent in the first three months of [...]
Coronavirus self-isolation to increase by three days to 10-day lockdown July 30, 2020 People with symptoms of coronavirus will be told to self-isolate for three extra days, taking the total quarantine period to 10 days, as the government wrestles with mounting fears that Britain faces a second wave of the virus. The new measures are set to be announced later today by deputy chief medical officer Professor Jonathan [...]
London commercial rents set to slump amid ‘drastic’ change to market July 30, 2020 Commercial rents in London are widely expected to fall across the board in the next three months, a new survey from RICS has shown, as the coronavirus pandemic continues to hammer the property market. According to the data, 95 per cent of survey respondents expect retail rents in the capital to decline in the next [...]
Markets live: FTSE 100 rises as investors eye Fed decision July 29, 2020 The FTSE 100 hung on to gains and US stocks rose as investors eyed potential stimulus from the US Congress and Federal Reserve and a torrent of earnings reports delivered mixed results. London’s blue-chip index rose 0.1 per cent to 6,135 points. The FTSE 250 of smaller firms fell 0.1 per cent, however. Read more: [...]
Covid-19 could push up prices for online shoppers, experts say July 29, 2020 Online shoppers could face more expensive deliveries as e-commerce retailers grapple with mounting costs due to soaring demand during the coronavirus pandemic, according to the latest research. The spike in demand for home deliveries during the coronavirus pandemic has increased costs for retailers, which will eventually be shared with consumers, experts said. Online sales surged [...]