Luxury retail might be struggling globally, but it’s thriving in London October 4, 2024 It’s somewhat surprisingly that luxury retail in London is doing so well, particularly given eye-catching figures about a wider downturn in the luxury market, the effect of the tourist tax, and the potential exodus of high-net-worth non doms from the capital. But while these “handicaps” – particularly the tourist tax – have hampered demand somewhat, [...]
Online discounting gives retail a boost but puts margins under pressure October 4, 2024 Widespread retail discounting boosted online sales growth in September, but has continued to squeeze their already-tight profit margins, according to fresh data. Total retail sales grew by 4.7 per cent compared to September last year and online sales were up by 11.6 per cent, accountancy and business advisory firm BDO’s high street sales tracker found. However, [...]
Last orders for Amy Lame, but London still needs a night czar October 4, 2024 Amy Lame let Londoners down but that doesn’t mean we should abolish the post of night czar altogether. There are three ways we can make sure the next person to hold the post make the capital a 24-hour city, writes James Ford After eight years in post, Amy Lame is calling time on her tenure [...]
HS2: Never a cheaper time than now to dig Euston tunnel, rail minister told October 3, 2024 Whether HS2 finishes at Euston or at Old Oak Common, in London's outer suburbs, has been shrouded in uncertainty throughout this year.
BBC cancels Boris Johnson interview after notes shared October 3, 2024 Boris Johnson’s prime-time interview with the BBC has been cancelled after briefing notes were shared with him by presenter Laura Kuenssberg “by mistake”. The former Prime Minister was meant to be interviewed by the former political editor in his first major sit-down since leaving office, to be broadcast on BBC One at 7.30pm on Thursday, [...]
Bank of England survey suggests progress on inflation might be slowing October 3, 2024 The Bank's own decision maker panel (DMP), which surveys business leaders around the country, showed that wage and price pressures were more stubborn than anticipated last month.
No more Noma: What’s next for Copenhagen’s food scene October 3, 2024 For decades, Noma has been one of the most coveted restaurants on the planet. It birthed ‘new Nordic’ cuisine in 2003 and stamped the small Danish capital on the gastronomic map, winning the world’s best restaurant award multiple times and holding Michelin stars since 2008. Its stratospheric success was led by head chef and co-founder [...]
Cush Jumbo: On playing Hamlet and choosing which cake to eat October 3, 2024 There are two types of people: those who already know about Cush Jumbo, one of the finest British actors of her generation, and those who are soon to find out. The star of wildly successful TV shows including The Good Wife, Criminal Record and Deadwater Fell, Jumbo cemented her A-List credentials when she became the [...]
Tesco ups guidance after first-half performance ‘exceeds expectations’ October 3, 2024 Supermarket giant Tesco has upped its profit guidance following another strong period of trading for the UK’s biggest grocer. Tesco increased its retail adjusted operating profit guidance to £2.9bn, from £2.8bn, after it “delivered volume growth ahead of expectations”. Continuing sales at the grocer grew 3.5 per cent in the 26 weeks ended 24 August [...]
Socialists won’t stop my bumper bonus, says Wizz Air boss October 3, 2024 Varadi is blunt at times and tough to decipher, but his backstory is undeniably impressive. The 59-year-old speaks to City AM in Rome.