Ted Baker shares lift after reports Reebok owner could clinch £300m takeover May 30, 2022 Ted Baker shares have swelled after it was reported that Reebok owner Authentic Brands may win a takeover battle for the fashion chain. Shares were up by as much as 3.1 per cent in early trading on Monday. This followed a report by Sky News that Ted Baker was eager for Authentic Brands – which [...]
Exclusive: M&G snags two major tenants in 40 Leadenhall – before it’s even built May 30, 2022 Investment firm M&G Real Estate has snagged two major tenants in the new development at 40 Leadenhall, City A.M. can reveal today – despite it still being under construction. The firm invested £875m to buy and develop the site – nicknamed Gotham City – in 2019. “It is the largest single transaction we’ve ever [...]
Oxford Street footfall still 52 per cent lower than pre-pandemic, making it the UK’s worst hit High Street May 27, 2022 Footfall on London’s Oxford Street is still 52 per cent lower than pre-pandemic levels – the worst hit high street across the UK, according to fresh retail data shared with City A.M. this morning. London continues to be impacted by hybrid working and less commuting into the city than previous years, as well as the [...]
Ted Baker slashes losses as consumers splash cash on party and office-wear once more May 26, 2022 Ted Baker has narrowed its losses as the fashion brand edges closer to a private equity takeover. The London-listed retailer posted a loss before tax of £44.1m, an improvement of 59.1 per cent, in preliminary results for the year ended 29 January 2022. Ted Baker had suffered a £107.7m loss the year prior, after pandemic [...]
Exclusive: Unprecedented war for talent reflects a seismic shift in power on Britain’s hyper-aggressive job market May 26, 2022 Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies. This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community? [...]
Ford Focus ST M365 by Mountune review: the RS kicker May 24, 2022 Saddened by the lack of a new Ford Focus RS? Mountune’s ballistic 365hp Focus ST should help fill the void, says Tim Pitt.
Only a semiconductor revolution can save the flagging British automobile industry May 24, 2022 In 1974, a failing New Mexico calculator maker took a gamble. Laden with debt after a brutal price war and a botched IPO, Micro Instrumentation and Telemetry Systems decided to enter the microcomputer market. Its offering was the Altair 8800, the first commercially successful personal computer that would spark the microcomputer revolution. Inside each device [...]
Nearly half of Brits are exclusively back in the office May 23, 2022 Nearly half of Brits are now working exclusively in the office, as the work from home buzz seems to fade for many.
New 2022 Rolls-Royce Phantom offers illuminated luxury May 22, 2022 Rolls-Royce has given its flagship Phantom a delicate makeover inside and out, including even more options for personalisation.
Homeworking on the rise as growing number of employers introduce hybrid models for staff May 22, 2022 The pandemic has sparked a permanent increase in homeworking, with support from employers and staff for changes to working practices, according to a new report. The TUC said many workplaces and workers are still trialling new arrangements for homeworking and hybrid working and negotiating long-term policies. But there is evidence in support of change, with [...]