West End landlords Shaftesbury and Capco push ahead with £3.5bn merger June 16, 2022 West End landlords Shaftesbury and Capital & Counties Properties (Capco) have agreed to push ahead with a £3.5bn merger, which will see much of London’s beloved theatre district fall under one wing. The merger, which had raised the eyebrows of one investor, will see shareholders receive 3.35 new Capco shares for each Shaftesbury share. Combining [...]
Energy body urges government to greenlight more gas projects to ensure supply security June 12, 2022 An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its approach as inconsistent.
Train driver union announces additional rail strike over pay June 9, 2022 Train driver union Aslef has announced its members working for Hull Trains, Greater Anglia and Croydon Tramlink will strike at the end of June over salaries. Hull Trains train drivers will strike for the whole of 26 June, while Greater Anglia’s workers will walk out on 23 June, which coincides with the second of a [...]
The new landlord in town: John Lewis to build homes on two London Waitrose sites June 9, 2022 John Lewis is preparing to pitch itself to Londoners as an affable landlord, revealing plans for two rental developments at Waitrose sites in the city. The retailer set out early plans to for build to rent developments in Bromley and West Ealing in London, as well as a vacant John Lewis warehouse in Reading. The [...]
Franco Manca owner says restaurants in office locations struggling to return to pre-Covid trade June 8, 2022 The owner of pizza chain Franco Manca has said its restaurants situated nearby office hubs “still have a way to go” with returning to pre-pandemic levels. However, Fulham Shore said that its small number of restaurants situated in worker hotspots were “showing continued improvement” as demand recovers after Covid lockdowns. Footfall was down 15 per [...]
What impact could Monkeypox have on the FTSE 100? June 6, 2022 Defensive stocks Fortunately for the FTSE 100, oil majors BP and Shell are profiting from the rising price of Brent Crude. Likewise, the big four banks —HSBC, Barclays, Lloyds and NatWest — are seeing profit spikes with every base rate increase. With CPI inflation at 9% and rising, many more could be on the way. And [...]
Stokes gets tenure off to winning start but England can’t overlook cracks June 6, 2022 On the surface, it’s a familiar story: England relying on Joe Root to haul the Test side towards a result. But yesterday at Lord’s, barely two hours into play on the fourth day, England had achieved what they had managed just once in the previous 17 matches – winning a Test. The five-wicket victory over [...]
Our auto industry must let go of nostalgia even as it revives DeLorean June 6, 2022 Last week, we were bombarded with fond memories and childhood nostalgia as the famed DeLorean car make was revived. A new model, trading on those most powerful of marketing tools, will be released. Former Tesla executive Joost de Vries has bought the rights to the famous name and set up the gullwing-doored Alpha5 as a [...]
Majestic milestone: Tens of millions of Brits to celebrate the Queen’s Platinum Jubilee June 2, 2022 Tens of millions of people across the UK and around the Commonwealth will be celebrating the Platinum Jubilee at patriotic street parties while live music, light projections and life-size cut outs of the Queen herald the historic occasion over the next four days. Events range from family picnics to a record-breaking 5,000-strong street party in [...]
Boris Johnson’s political life getting more difficult by the hour as letters of no confidence from Tory MPs pile up fast May 31, 2022 Tory whips are said to be discussing how to fight back if rebels trigger an all-important confidence vote as letters of no confidence in prime minister Boris Johnson are piling up fast. A steady stream of Tories have backed a ballot to decide the PM’s future, or called for Mr Johnson to step down, with [...]