Market Tech Holdings snaps up another Camden property as it eyes main market move October 26, 2015 Market Tech Holdings, the owner of the iconic Camden Market which is majority owned by Israeli entrepreneur Teddy Sagi, said it has added another property to its burgeoning north London empire and that trading was on track. The company, which owns around 14 acres of land in and around Camden, said it has bought the freehold of [...]
Burrito restaurant Chilango to raise £1m via crowdfunding platform CrowdCube October 26, 2015 Burrito restaurant Chilango has launched a new fundraising round on crowdfunding platform CrowdCube after tapping retail investors for £2m last year. The Mexican food chain said it aims raise £1m from potential investors in return for a 3.26 per cent stake in the business. Shareholders can put as little as £10 compared with last year’s mini-bond, where investors [...]
German discounter Aldi pledges to pay all UK staff above National Living Wage October 26, 2015 Aldi has set out to trump its supermarket rivals on pay by announcing today that it will pay all UK staff "significantly" above the living wage. The discount food retailer said all UK employees will be paid at least £8.40 an hour, and £9.45 in London from February 2016. This is ahead of the government’s national living wage of £7.20 an [...]
RationalFX and Xendpay founder Rajesh Agrawal on Apple Pay, Masai warriors and the future of banks October 25, 2015 When I get the Tube, I always pay using my Apple Watch,” says Rajesh Agrawal. The Indian-born entrepreneur and philanthropist doesn’t exactly need to take the Jubilee Line to work – in The Sunday Times Rich List 2012, he was estimated to be worth around £90m. But making money has never been the aim: “look [...]
Take the stairs up from the Tube? You’re climbing the equivalent of Mount Everest in months at these Underground stations October 23, 2015 When it comes to your daily commute are you a stander or a stair-taker? If you opt for the latter, you could be scaling the equivalent of one of the world's highest mountains with every step. Walking up the stairs instead of taking the lift from London's deepest Tube station Hampstead adds up to 320 steps [...]
Monsoon Accessorize tops government list of minimum wage offenders October 23, 2015 Womenswear retailer Monsoon has topped a government list of companies failing to pay staff the national minimum wage. An HMRC investigation found 115 non-compliant companies, which have today been named and shamed as owning workers nearly £400,000 in the last year, spanning sectors including hairdressing, retail, education, catering and social care. On 1 October 2015, the National Minimum Wage (NMW) [...]
Green bonds: London is leading the world in financing the global low carbon shift October 22, 2015 While the dominant colour in London this week has been red for the landmark state visit of Chinese President Xi Jinping, today the London Stock Exchange will be adding some green to the palette as we host our inaugural China Green Bond conference in partnership with the Green Finance Committee of the People’s Bank of [...]
Toy story: Hamleys close to being taken over by owners who are planning department store expansion October 22, 2015 Famous London Toy shop Hamleys is close to being taken over by a Chinese retailer who wants to set up shop in more locations. C.banner International said in a statement today that it is in talks with Ludendo Enterprises, the current owner of the Regent Street giant, which is said to be the oldest toy [...]
London Tube strike 2015: This map shows how the strikes hit retail sales October 22, 2015 This summer’s Tube strikes were a headache for more than just frazzled commuters: A new map shows it also changed our shopping pattern dramatically, striking hard against retailers in the city. Using figures on sales transactions made across 10,000 stores across the capital, Applied Predictive Technologies has analysed the effect of the August Tube strike [...]
NewRiver Retail eyes a move from Aim to the main market after £54m Punch Taverns deal October 21, 2015 Retail and pub landlord NewRiver Retail said a recent acquisition spree helped assets under management to top £1bn in the second quarter, paving the way for a move from Aim to the main market next year. NewRiver, which owns shopping centres including Regents Court in Leamington Spa and The Martlets in Burgess Hill, said assets [...]