Shaftesbury secures £200m loan as property giant juggles debt arrangements August 14, 2023 Newly formed London property giant Shaftesbury Capital has launched a new 10-year loan of £200m secured against a portfolio of assets within the Carnaby estate. The major London landlord said the financing highlights the “attractiveness” of the company’s mainly retail and leisure portfolio to a “broad range of institutional capital”. The loan will sit alongside [...]
More strikes: 20,000 train workers to walk out later this month bringing UK to a halt August 11, 2023 Members of the biggest rail workers union are to stage fresh strikes in the long-running dispute over pay, jobs and conditions. The Rail, Maritime and Transport union (RMT) said 20,000 of its members in 14 train operators would walk out on August 26 and September 2. The union said it had been left with “little [...]
North and West London faces ‘bus standstill’ as workers vote on strike action August 10, 2023 North and West London’s bus network could grind to a halt this autumn, the Unite Union has warned, as hundreds of workers are to be balloted for strikes in an ongoing dispute over pay. 500 employees French-owned operator RATP in London will vote over the next month on whether to launch a campaign of industrial [...]
Red White and Royal Blue director Matthew Lopez on filming ‘tender’ gay sex scenes August 10, 2023 You’re no doubt sick of reading about Barbie and Oppenheimer by now, so we’ve got good news: a new duo of releases are here for you to get excited about. TV series Heartstopper has just dropped its second season on Netflix and so has new Amazon film Red, White & Royal Blue. Unlike Barbenheimer, what [...]
West End faces office supply crunch as back to work demand picks up August 10, 2023 Central London, particularly the West-End, is facing an office space supply crunch as demand for in person working picks up, property investment trust Derwent London has said. According to reports in its half year results, the listed business described the West-End as “very tight” with only 3.8 per cent of vacancy levels on office space. [...]
Tom Sellers restaurant review: New opening Dovetale deserves a Michelin star August 9, 2023 Tom Sellers’ highly creative new restaurant Dovetale shows the twice-starred chef has lots more to give, says Adam Bloodworth There’s no way of writing about Tom Sellers without talking about his bad boy reputation. I ask one staff member if he’s been exhibiting his notorious acerbic nature – to put it politely – in the kitchen. [...]
Fifth of UK importers altered supply chains due to global tensions, with China in focus August 8, 2023 More than a fifth of UK importers have been forced to alter supply chains as a result of geopolitical tensions, with China in sharp focus, a new survey has found. Some 20.5 per cent of companies, which are importers, have altered supply chains as a result of global tensions, according to a survey of more [...]
FTSE 100 close: London bluechip index falters after weak trade data from China August 8, 2023 London’s premier FTSE 100 index closed lower on Tuesday after data from China showed that its attempts to recover from the pandemic have continued to stall. The bluechip FTSE 100 index closed 0.4 per cent lower at 7,527.42 while the FTSE 250 slipped 0.1 per cent to end at 18,843.79. The falls came after new [...]
Retail investors poised to spend near £100m on Oxford Street this year August 7, 2023 Retail investment in central London is expected to exceed £1bn this year, with up to a tenth of that set to be spent on Oxford Street, raising fresh hope for the future of the London shopping destination. Some £810m was splurged on retail investments across London in the first half of the year, new figures [...]
LNG boom attracts Asian energy giants to London as Europe fights blackout threat August 6, 2023 Soaring demand for LNG in Europe has triggered a flurry of activity in London, with Asian energy companies looking to maximise booming trade.