The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
London office property deals abandoned as sellers pin hopes on price recovery April 20, 2024 Abandoned property deals have driven investment volumes in the London office market down in the first quarter of the year, but green shoots are starting to emerge.
The luxury watch market bubble has burst. What next for Rolex, Patek Philippe and Audemars? April 20, 2024 The pandemic-era boom, which saw luxury watch prices rise by 20 per cent in just the fourth quarter of 2021, is now over.
Machinal at the Old Vic: A stunning performance in a tired play April 19, 2024 There are surprisingly few genre plays on the West End stage – where are all the science fiction and fantasy and horror and gangster stories that dominate other areas of pop culture? And where is all the true crime, a format you can barely escape from on streaming and podcast platforms? The Old Vic brings [...]
Mondi pulls out of DS Smith bidding war in win for US buyer April 19, 2024 Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.
Russia bans managing partner of City firm Fieldfisher for Kremlin sanction work April 19, 2024 The Foreign Ministry of Russia has banned several British lawyers from Fieldfisher including the firm's managing partner for their role in applying the mechanism of sanctions against the country
Rishi Sunak wants to end ‘sick note culture’ and get Britain back to work April 19, 2024 Rishi Sunak wants to end the “sick note culture” and get Britain back to work, in a major speech on welfare reform.
Retail sales stagnant in March despite improving prospects for UK economy April 19, 2024 A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Over 400 Stonegate pubs in London risk closure, GMB claims April 19, 2024 Almost 450 pubs in London face closure after one of the UK’s biggest hospitality groups Stonegate warned on its profitability, the GMB Union has said.