The City is bouncing back: Itsu sees sales surge past pre-Covid levels amid office return October 10, 2022 Asian-inspired restaurant chain Itsu has declared London is “back in business” after the capital has endured a protracted footfall recovery from Covid lockdowns. Itsu’s City sites have seen sales steadily grow throughout the year, with its third quarter shooting beyond pre-Covid levels, the brand said on Monday. “Increasing numbers” of customers are being served midweek, [...]
Last orders: Pub numbers sink amid calls for further support October 10, 2022 The number of pubs vanishing from communities in England and Wales increased by 50 per cent in the last three months, according to new data, amid warnings that more must be done to protect the great British institution. During the three months to the end of September, 150 pubs were either demolished or converted into other [...]
Blackstone backs London with new Mayfair base October 8, 2022 Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh boost for the for the capital.
£1.5bn Liverpool Street station upgrade sparks conservationists’ concerns October 6, 2022 A £1.5bn proposed upgrade of Liverpool Street station has sparked concern among conservationists. Shard Quarter developer Sellar, alongside Network Rail and Elizabeth line operator RMT, unveiled the plans today. The mixed use blueprint includes plans for up to 10 floors of office space, as well as six floors taken up by the Andaz hotel. Developers [...]
Bishopsgate stabbing: Four injured in major incident, two suspects being sought October 6, 2022 Police are seeking two suspects after three people were stabbed stabbing in Bishopsgate this morning. Emergency services rushed to the scene of an incident in the heart of the Square Mile just before 10am. It was reported that three individuals were stabbed and one person was pushed to the floor, as they confronted someone attempting [...]
Tesco: Shoppers ‘watching every penny to make ends meet’ October 5, 2022 Tesco has warned of “tough times” as Brits are “watching every penny to make ends meet” this winter. The grocery giant reported a slimmer profit for the first half, after customer behaviour has normalised after lockdown and the supermarket has invested in keeping its prices competitive for shoppers. The country’s largest supermarket posted a £413m [...]
Badenoch plays down hopes of greater access to India for UK services in trade deal October 4, 2022 New trade secretary Kemi Badenoch has warned that any UK-India trade deal is unlikely to vastly increase access to the Indian market for City services firms. Badenoch today confirmed she was sticking to Boris Johnson’s deadline of striking a deal with India by Diwali, 24 October, but watered down expectations about how comprehensive it will [...]
Made.com begins talks with suitors over sale as cash injection of £70m needed October 4, 2022 Made has said it has started talking to a number of potential suitors about a sale of the furniture retailer. After previously declaring the beleaguered online retailer would be looking to sell itself to shore up funding to clinch its survival, Made.com said it had now entered into non-disclosure agreements with various parties. The potential [...]
Aspire Pharma buys Morningstar healthcare divisions in undisclosed sum October 3, 2022 Aspire Pharma has bought Morningside’s pharmaceutical and healthcare divisions, as well as their subsidiaries for an undisclosed sum. The deal cements an ongoing post-pandemic trend of consolidation within the pharmaceutical and healthcare sectors. Morningside’s boss Tim Brady added that the deal will give Aspire access to over 120 mid and late-stage programs. Chief executive officer [...]
Minister says Rees-Mogg wants to ditch ‘all business regulations’ for SMEs October 2, 2022 Business secretary Jacob Rees-Mogg wants to scrap all business regulations for SMEs with under 500 employees, according to a Treasury minister. Chief secretary to the Treasury Chris Philp told a fringe event at the Tory party conference today that Rees-Mogg would soon outline a package of measures to slash business regulation. “One of which is [...]