Hot weather helps pubs and restaurants post modest monthly sales growth August 12, 2019 British pubs and restaurant groups enjoyed increased sales in July, as eateries showed signs of recovering from poor trading last summer. Restaurant groups posted a 3.8 per cent increase in like-for-like sales compared to last July, when hot weather and the football World Cup took their toll on business. Read more: Restaurants eat into retailers’ [...]
Revealed: These 10 London restaurants have the best mobile signal August 8, 2019 London boasts a thriving restaurant scene, and diners in the capital have a plethora of hotspots to choose from based on cuisine, location and price. But as we become more and more reliant on our devices, it seems mobile connectivity has also become a key factor in where Londoners decide to eat. Read more: Restaurants [...]
Restaurants eat into retailers’ high street share August 8, 2019 Retailers are being edged out of the high street following a spike in change of use requests to convert shops into restaurants. More than a third of change of use applications made to councils last year were to swap retailers for restaurant or takeaways, despite the challenges currently facing the casual dining sector. Read more: [...]
Commuters braced for another rail fare hike August 7, 2019 Commuters are braced for a three per cent rail fare hike next week, despite a slump in the punctuality of trains. The rail industry is expected to announce next Wednesday that rail fares will increase by about three per cent, pegged to the Retail Price Index (RPI). Read more: MPs call on government to scrap [...]
Starling to break even as bank customers double August 4, 2019 Starling Bank is set to break even in the UK by the end of 2020, its founder and chief executive has said, after revealing that its user numbers have doubled in the last eight months. In her annual letter, Anne Boden said the fintech firm’s account total – spanning both business and retail users – [...]
Naked Wines hopes US float will be recipe for success after Majestic sale August 4, 2019 Online wine retailer Naked Wines is said to be preparing for a US listing following the sale of sister company Majestic. Chief executive Rowan Gormley has told investors he plans to list the firm on the tech-heavy Nasdaq exchange once the sale of Majestic goes through, the Sunday Times reported. Read more: Majestic Wine sells [...]
BT eyes £80m sale of legal software division Tikit as it focuses on full-fibre August 4, 2019 BT is said to be lining up a sale of its £80m legal software business as it looks to focus its efforts on rolling out full-fibre broadband across the UK. Tikit, which provides lawyers with software for time recording and case management, has been added to a list of fringe BT businesses up for sale, [...]
City Moves for 2 August – Who’s switching jobs at Parkdean Resorts, Avonhurst and Capita? August 2, 2019 Today’s City Moves includes Parkdean Resorts, Avonhurst and Capita. Parkdean Resorts Catherine Lynn to has been appointed by Parkdean Resorts to the newly created position of chief customer officer, with responsibility for marketing, digital, insight, commercial and revenue. Catherine joins from Easyjet where she was group strategy and group commercial director. She played a significant [...]
Westfield owner suffers income drop as UK retailers shut shops and cut rents August 1, 2019 Retail landlord Unibail-Rodamco-Westfield (URW) suffered a drop in UK rental income in the first six months of the year as the property giant’s two London sites were hit by store closures and leasing delays. Like-for-like net rental income was down 3.1 per cent compared to the previous year as tenants – struggling in a challenging [...]
City Moves for 30 July – Who’s switching jobs at Maples Teesdale, Brady and Dolfin? July 31, 2019 Today’s City Moves includes Maples Teesdale, Brady and Dolfin. Maples Teesdale Maples Teesdale has announced the arrival of Rosalind Cullis as real estate disputes partner to the team. Rosalind, who joins from Kingsley Napley, brings a wealth of experience as a real estates disputes lawyer, having previously been at Forsters and Beachcroft Stanleys (now DAC [...]