Property focus on Sloane Square: This 1980s hotspot is experiencing a revival November 22, 2019 It may be famed for being the social epicentre for the young and blue-blooded in the 1980s, having lent its name to the Sloane Ranger set which included Princess Diana and Sarah Ferguson. But the area around Sloane Square is now getting a modern makeover – and vying with other parts of Chelsea and Mayfair [...]
Why the Jose Mourinho appointment plays into the hands of Daniel Levy and Amazon documentary All Or Nothing: Tottenham Hotspur November 21, 2019 This week’s abrupt sacking of Mauricio Pochettino and rapid arrival of Jose Mourinho at Tottenham Hotspur were not met by universal acclaim from the club’s fans, but there was one party who would have been delighted by the managerial movements in north London. Amazon’s decision to commission a documentary series on Tottenham’s 2019-20 season for [...]
London Stock Exchange hires fintech to widen access to IPOs November 21, 2019 The London Stock Exchange (LSE) has signed a deal with online investment platform Primarybid to give retail investors access to share offerings on the same terms as institutional investors. Under the deal, which was announced today, the pair will unveil digital infrastructure enabling companies that are listed listed or listing on LSE to include individual [...]
TfL nets an extra £51m from London commuters despite fare freeze November 20, 2019 London commuters will pay an extra £51m in fares next year, despite Sadiq Khan’s fare freeze. Figures from the mayor of London show that daily, weekly, monthly and annual travel cards will rise 2.8 per cent over the next year, raising £51m in revenue for TfL. Read more: Sadiq Khan confirms 2020 TfL fare freeze [...]
Founder of fashion delivery firm Clipper tables £300m takeover bid November 19, 2019 The founder of Clipper Logistics, which provides delivery services for online retailers such as Asos and John Lewis, is said to be preparing a £300m bid to take the company private. Read more: Asos to boost Black Friday offers after poor trading last year Steve Parkin, who founded Clipper in 1992, has approached fellow board [...]
Major UK high street chains close 6,000 stores in 2019 November 19, 2019 Major UK high street chains have closed almost 6,000 stores so far this year as the retail industry continues to struggle with high rents, business rates and slumping sales. Retailers with 10 or more stores have shuttered 5,834 branches between 1 January and 30 September, an increase of 77 per cent on last year. Read [...]
Luxury jewellers Boodles reports profits ‘back on track’ November 18, 2019 Luxury jewellery retailer Boodles reported sales growth following a strong Christmas trading period last year and a 220th anniversary collaboration with Swiss watchmaker Patek Philippe. The family-owned jewellers reported turnover of £77.1m for the year ended 28 February, up 8.9 per cent from £70.8m in 2018. Read more: Diamond in a rough year: Petra sell [...]
Focus on Wood Green: First-time buyers flock to this up-and-coming North London locale November 15, 2019 Known to many Londoners as the gateway to a night out at the Alexandra Palace, Wood Green is situated on the border between North East and North West London, just within the North Circular. It is also home to Wood Green Animal Shelter, one of the largest in London which was recently the subject of [...]
Exclusive: Questions over Chilango’s future after burrito chain calls in restructuring firm RSM November 14, 2019 Mexican chain Chilango, best known for its “Burrito Bonds”, is in talks to secure its long-term future with restructuring firm RSM and is more than six weeks late posting its accounts. City A.M. understands from a source familiar with the discussions that the firm is considering all options including administration or a company voluntary arrangement [...]
Ceramics maker Portmeirion warns on profits November 14, 2019 Ceramics maker Portmeirion warned that profits would be lower than expected this year after export sales plunged due to weakening demand in South Korea. In a trading update this morning the company said “significant historic demand” for its classic Botanic Garden ranges had led to other countries shipping in to South Korea, resulting in overstocking [...]