Shares in spirits companies drop after ‘tit-for-tat’ Chinese brandy tariff October 8, 2024 Shares in international drinks companies fell this morning after China slapped an anti-dumping tariff on brandy imports from the EU, escalating trade tensions. The move from China came only days after the EU imposed a tariff of 45 per cent on Chinese electric vehicles for the next five years. The European Commission called it an “abuse” of [...]
Inside the SHA Wellness retreat, the world’s most high-tech spa resort October 8, 2024 With private heli-pads, NASA-backed technologies and high-powered guests, does SHA Wellness retreat's brain spa deliver what it promises?
IPL founder: I wanted Mick Jagger to save English cricket from The Hundred October 8, 2024 Indian Premier League founder Lalit Modi has revealed that he earmarked Mick Jagger as a team owner in a new English cricket competition to replace The Hundred and T20 Blast. Modi says he offered the England and Wales Cricket Board £2.3bn over 20 years to buy the summer window in which The Hundred operates – [...]
London Underground: Tube strikes loom as workers to vote on walk-outs October 8, 2024 London Underground workers are being balloted on Tube strikes over pay and conditions amid a dispute with Transport for London (TfL). Members of the Transport Salaried Staffs Association (TSSA) in jobs including customer service and advising passengers in stations are being asked if they want to strike. The ballot closes on 18 October and also [...]
Mike Ashley’s Frasers bets big on brick-and-mortar with 1m sq ft of new shopping malls October 8, 2024 Mike Ashley-owned Frasers group has announced the acquisition of over one million square feet of retail space across three shopping centres in a huge new bet on physical retail. The shopping centres – in Exeter, Maistone and Gloucester – have a combined annual footfall of almost 17 million visitors and 1.015 million square feet. The [...]
Gilt yields rise ahead of Budget as Chancellor Reeves set to increase borrowing October 8, 2024 Analysts suggested that the increase was largely a result of concerns that Chancellor Rachel Reeves will ramp up borrowing in the budget to fund a major investment programme.
PRS REIT reveals ‘excellent’ results as strategic review looms October 8, 2024 PRS REIT has revealed a set of strong results as the trust gears up for a strategic review following a shareholder row. The real estate investment trust reported an 11 per cent uplift in the value of its underlying assets, as rental income on its private housing portfolio surged 12 per cent on a like-for-like [...]
Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
HS2 will reach Euston, transport secretary signals October 8, 2024 Transport secretary Louise Haigh has given the strongest signal yet that HS2 will reach London’s Euston station, ahead of an announcement she said would be coming soon. The Cabinet minister said an announcement on the project could occur during the Budget on Wednesday, 30 October. Speaking to Times Radio this morning, Haigh said: “We’ve said [...]
Imperial Brands: FTSE 100 giant hikes shareholder returns as debt falls October 8, 2024 Today, the tobacco group Imperial Brands has hiked its shareholder returns for the year as net debt has continued to decline. In a pre-close period trading update, the company said it was trading “in line with expectations” for the year, with growth at both its tobacco and next generation product (NGP) lines. The company added [...]