ECB cuts interest rates again as inflation continues to ease September 12, 2024 Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
Plans unveiled for major 54-storey skyscraper in the City of London September 12, 2024 Proposals for a new 240-meter-tall office building in the City of London’s eastern skyscraper cluster have been submitted for planning approval. The 54-storey 99 Bishopsgate scheme, filed earlier this week by developer Brookfield Properties, represents a key development in the Square Mile’s skyscraper boom as the area around Bishopsgate and Gracechurch Street undergoes a transformation [...]
OBR warns national debt is on ‘unsustainable path’ unless government takes action September 12, 2024 The OBR forecast that government spending would rise to 60 per cent of GDP, from 45 per cent at the moment, whereas revenue will remain flat.
Gallagher re-sign as Premiership Rugby sponsor in uplifted deal September 12, 2024 Insurance giant Gallagher this morning reaffirmed their commitment to English top flight sport, signing an increased value sponsorship deal with Premiership Rugby. The move will take Gallagher’s title sponsorship span with the Premiership to beyond a decade upon conclusion of the three-year extension, which begins at the start of the 2025/26 season. Gallagher – whose [...]
Keystone Law Group set to outperform market expectations after profit increase September 12, 2024 The AIM-listed law firm, which operates a self-employed model, reported that pretax profit rose to £5.5m in the six months to July, up from £5.3m in the same period last year.
John Lewis: ‘Transformation on track’ but chain still in the red September 12, 2024 The John Lewis Partnership has reported an improved set of half-year results and has said it is on target to significantly boost its performance for the full year. The iconic UK name, which also owns Waitrose, said sales topped £5.9bn in the 26 weeks ended 27 July, up by two per cent year on year. [...]
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?
BNY signs deal for major Manchester office in city centre landmark September 12, 2024 BNY (The Bank of New York Mellon Corporation) has signed a deal to for a major new office in Manchester city centre. The bank will be the single occupier of 4 Angel Square in the NOMA district when was completed in September last year. The global financial services company will be relocating its existing Manchester [...]
Heathrow: New £10 transit charge will make the UK ‘less competitive’ September 12, 2024 The government announced on Tuesday the Electronic Travel Authorisation (ETA) would be rolled-out to all nationalities visiting the UK next year.
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.