London airports cancel flights to avoid noise on Queen’s funeral September 15, 2022 London airports such as Heathrow and London City are cancelling flights to avoid noise on Monday, the day of the Queen’s funeral. Heathrow has announced it will cut 15 per cent of its daily schedule, i.e. more than 100 flights, while London City will not fly over Westminster. The west London hub – jointly with [...]
Shares dive for Joules after stake acquisition talks with Next called off September 14, 2022 Joules’ shares have been further subdued after it confirmed it is no longer in discussions with Next acquiring an equity stake in the lifestyle group. The ailing retailer’s share price was down around twelve per cent in early afternoon trading on Wednesday, following an announcement the day before. Shares were down by 33 per cent [...]
Nervous Kremlin faces growing efforts from all sides within Russia to topple Putin as coup rumours swell in Moscow September 14, 2022 Staunch Putin loyalist Kadyrov criticizes Kremlin on Telegram Lawmakers in St Petersburg urge parliament to prosecute Putin for treason Lawmakers in Moscow call for imminent Putin removal Tensions between Kremlin and security service FSB growing fast Social media activity in Russia in overdrive Analysts convinced Kremlin coup may be imminent ‘Siloviki’ group of former FSB [...]
Square Mile lobby urges new City minister to push through Brexit reforms September 13, 2022 New City minister Andrew Griffith must push forward with the government’s plan to reform the UK’s financial services rulebook post-Brexit, the industry’s leading business group has said. TheCityUK today congratulated the ex-Sky executive on his appointment and called on the Treasury to ensure the UK is a “well-regulated, open and competitive place to do business”. [...]
Aveva nears closure on multi-billion-pound Schneider buyout September 12, 2022 London listed software developer Aveva is near to closing a deal that would see it fully taken over by French industrial giant Schneider Electric. The two companies are in discussions for Schneider to acquire the roughly 40 per cent stake in Aveva that it does not already own, at a price of £30 a share, [...]
Gaucho boss: Restaurant menus featuring more seasonal produce could be ‘silver lining’ of high inflation September 12, 2022 Restaurants shifting to more seasonal menus may be the “silver lining” of sky-rocketing food prices, Gaucho boss Martin Williams has said. Hospitality venues have been forced to grapple with heightened prices for vegetables and proteins this year, in addition to energy bill increases that bosses say pose an existential threat to the sector. However, the [...]
Retail tycoon Mike Ashley joins the race for Savile Row tailor September 11, 2022 High-street tycoon Mike Ashley has reportedly joined the race to takeover Savile Row tailor Gieves & Hawkes. As first reported by Mark Kleinman for Sky News, Ashley’s Frasers Group – previously known as Sports Direct International- is now the latest bidder to join the grab for the 250-year-old Savile Row brand. It comes as Gieves [...]
The Queen: Thousands of well-wishers mourn outside Buckingham Palace: Black Cabs line The Mall as flowers laid in tribute September 9, 2022 THOUSANDS of tearful well- wishers gathered outside the gates of Buckingham Palace yesterday, with many laying flowers to pay tribute to the late Queen Elizabeth II. The Royal Family announced the death of Queen Elizabeth II at 6.30pm, confirming her passing with the lowering of the flag at Buckingham Palace to half-mast. A double rainbow [...]
Gymshark and Boohoo chiefs call for new British startup competition September 8, 2022 CHIEFS from Gymshark and Boohoo have urged the Prime Minister to back a new entrepreneurship competition in a push to get British startups back on track. In a letter to Liz Truss, the group of entrepreneurs, which also include top dogs from crowdfunding firm Seedrs and food-sharing app Olio, called on the government to fill [...]
Wagamama owner enjoys sales rebound but warns of ‘uncertain’ consumer environment September 8, 2022 The owner of the Wagamama restaurant group has seen sales surge in its half-year results, as an “uncertain consumer environment” looms. The Restaurant Group said total sales hit £423.4m in the 26-week period to 3 July, versus £216.8m in 2021. Diners returned to the group’s restaurants and pubs after the easing of Covid restrictions, with [...]