Franco Manca’s Fulham Shore hails rising revenues after its full-year slip September 10, 2021 Fulham Shore, which owns Franco Manca, has hailed rising revenues in its latest trading update after it fell behind 2020’s recording. The hospitality group pulled in £40.3m in revenue in the year to 28 March, plunging 41.3 per cent from the £68.6m it raked in last year. But in the three weeks to 5 September, [...]
Lee Wilson CA on helping some of business’s biggest players get to grips with cryptocurrency September 7, 2021 This article first appeared in ICAS’ CA magazine. Lee Wilson CA, Head of Finance at Elliptic, is helping some of business’s biggest players get to grips with cryptocurrency. He gives Ryan Herman a whistle-stop tour of an industry set to influence all our lives. One of the more surprising aspects of the pandemic has been the [...]
West Ham United and the London Stadium have been good for each other – legacy chiefs should do a new deal to give the club more control September 2, 2021 This isn’t the article I expected to write; I went back to the London Stadium to bury it not to praise it. Instead, I came away with a deeper understanding of just what a valuable asset West Ham United Football Club has become. Nine years on from London 2012 and four from the World Athletics [...]
Global crypto community sends $4.68bn to scam accounts in a year September 1, 2021 A new report has revealed that the global crypto community lost $4.68bn (£3.4bn) to scams last year with Western Europeans hit hardest. Crypto holders in West Europe sent $1.4bn worth of crypto to illicit addresses last year, more than any other region, with $1.1bn of assets being sent to scam accounts according to Chainalysis. Kim [...]
Pandemic: High Street demise leads to explosion in demand for gigantic warehouses August 31, 2021 The enforced closure of high street stores saw the trend towards greater online sales rocket further this year, with retailers having to invest further into their warehousing capabilities to cope with delivery demand. In fact, the explosive growth in e-commerce, as a result of the pandemic, has seen almost 15m sq ft of new “super [...]
Mayor ‘ready’ to work with Westminster Council to maintain al fresco ‘lifeline’ for hospitality businesses August 27, 2021 Sadiq Khan has said he is “ready” to work with Westminster Council and local residents to maintain traffic-free roads in Soho. Cars have been barred from much of the capital’s oldest entertainment hub since the end of the first Covid-19 lockdown, with bars and restaurants setting up on the pedestrianised streets. But Westminster City Council [...]
End of the road: Soho’s al fresco festival to end in September August 26, 2021 It has been one of the few positives to come out of the Covid-19 pandemic, but as the virus recedes it appears so will Soho’s al fresco revival. Westminster City Council has informed businesses that traffic will be re-introduced to Soho’s streets at the end of September, bringing to an end the weekend and evening [...]
GTO Engineering 250 GT SWB Revival review: tribute to a classic Ferrari : CityAM August 25, 2021 I used to pass a Ferrari 250 GT SWB on the way to work. Or so it seemed. The car looked kosher from a distance, but closer inspection revealed thumb-sized panel gaps, a plasticky interior and a telling lack of tailpipes (one instead of the usual four). In hindsight, the fact that it was street-parked [...]
West End landlord: Weekly footfall 60 per cent of pre-Covid levels August 23, 2021 West End landlord Shaftesbury has said weekly footfall has recovered to 50-60 per cent of pre-pandemic levels as hospitality businesses enjoy a “strong recovery” of trading levels. The landlord reported increased occupancy across all uses with available-to-let vacancy at 4.1 per cent by 13 August 2021 compared to 8.4 per cent on 31 March 2021. [...]
West End landlord: Weekly footfall 60 per cent of pre-Covid levels – CityAM : CityAM August 23, 2021 West End landlord Shaftesbury has said weekly footfall has recovered to 50-60 per cent of pre-pandemic levels as hospitality businesses enjoy a “strong recovery” of trading levels. The landlord reported increased occupancy across all uses with available-to-let vacancy at 4.1 per cent by 13 August 2021 compared to 8.4 per cent on 31 March 2021. [...]