Ministry of Sound to convert House of Fraser store to lure Londoners to ‘fitness raves’ in Shepherd’s Bush June 23, 2022 Nightclub group Ministry of Sound said this morning it plans to convert a former House of Fraser store in west London to hold ‘fitness raves’ for Londoners. The building will also be turned into flexible offices, a gym as well as a rooftop bar. The group said it plans to start converting the 115,000 sq ft department [...]
Ed Warner: Wimbledon shows that the Lawn Tennis Association gets too much money June 23, 2022 If you want to know what’s wrong with tennis in Britain, look no further than Wimbledon. Blame the Championships for being such a phenomenal success that they bequeath the Lawn Tennis Association more money each year than it appears to be able to handle effectively, while simultaneously raising the public’s hunger for the LTA to [...]
London business groups: TfL funding deal ‘vital’ to capital’s economy as Khan warns on ‘managed decline’ June 22, 2022 LONDON business groups, think-tanks and property firms have warned the capital’s transport network needs a long-term funding settlement from central government or risk ‘decades’ of damage. Transport for London’s (TfL) latest emergency bailout with the Department for Transport runs out Friday – risking what the network’s chiefs have described as “managed decline” of the service. [...]
Tensions mount between the Kremlin and the West as Gazprom cuts gas flows into Europe June 16, 2022 Europe is facing up to the growing prospect of a future without Russian gas, amid cuts from key pipeline Nord Stream 1.
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 [...]