New York tightens leash on home working as London TWaTs lag behind November 28, 2023 Employees' hesitancy to return to the office full time has had an impact on the health of commercial properties, especially in the City.
New flexible office space coming to Liverpool Street after Wework’s bankruptcy November 28, 2023 The site was designed by architects at dMFK, and is part of British Land’s 32-acre Broadgate site, which hosts top financial, legal, tech and media firms, as well as well-known retailers.
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]
Government ‘does not have any spending plans’ after March 2025, OBR chief says November 28, 2023 MPs scrutinised the OBR after its latest round of forecasts.
Topps Tiles cautions over sliding sales as annual profits slump November 28, 2023 Topps Tiles cautioned over a “weakening of discretionary consumer spending” that is impacting trading so far in its new financial year, with like-for-like Topps Tiles sales down 6.1% in the first eight weeks.
Zopa and Tide given valuation boost by investor Augmentum November 28, 2023 Listed fintech fund Augmentum has bumped up the valuation of its portfolio this year in a sign that values are beginning to stabilise after a sharp slump over the past two years.
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Rishi Sunak hints at further tax cuts in ‘sales pitch’ to global investors November 27, 2023 Rishi Sunak hinted at further tax cuts to come today as he used last week’s Autumn Statement to launch a “sales pitch” on global investors at a government investment summit in London.
Advertisers bump up spending on Rightmove despite ‘volatile’ housing market November 27, 2023 Advertisers are upping their spend in the battle for eyeballs on housing marketplace Rightmove.