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 [...]
Reports of the high street’s death are greatly exaggerated October 21, 2015 Reports of the high street’s death are greatly exaggerated. At least in London. Forget e-commerce or retail parks: When it comes to what we like best, a majority of Britons still rate the high street best, as a new study has found that Londoners visit our high streets 97 times per year. This is quite [...]
You want fries with that? Metro Bank opens a drive-thru branch October 21, 2015 METRO Bank is bringing a little slice of American life to London, with its first drive-thru bank offering customers cash “from the comfort of their cars”. Customers will be able to pay in cheques and withdraw cash at two drive-thru windows, staffed by cashiers in a retail park in Southall. The drive-thru branch will be [...]
City Moves for 21 October 2015 | Who’s switching jobs October 20, 2015 RO REAL ESTATE The commercial property investment and development firm has appointed Nick Moore as senior investment manager. He joins from Lloyds, where he was director in its real estate division. Moore has 15 years’ experience in commercial real estate and has also held roles at PRUPIM, Warner Estates and DTZ. WILLIAM BLAIR Michael Collinson [...]
Developer Irvine Sellar unveils £1bn “Shard of west London” to rejuvenate Paddington October 20, 2015 Irvine Sellar, the man behind The Shard, has unveiled his latest proposals for a larger-than-life tower – and they don't disappoint. The developer has used Shard architect Renzo Piano to design a 65-storey building for a site next to St Mary's Hospital in Paddington. The new building will be 65 storeys high (rather than its [...]