Subdued demand sweeps London office market as Grade A stock hits decade-low October 25, 2022 Demand in London’s office market is faltering, as businesses grow increasingly picky about the quality of the spaces they occupy post-lockdown. According to property consultancy Gerald Eve, demand has fallen from its recent peak of 9.4 per cent in the second quarter of this year, to 8.2 per cent over the past few months. Political [...]
Made.com ditches talks with potential buyers as struggling firm desperately seeks rescue October 25, 2022 Beleaguered Made.com has said it has terminated talks with all potential buyers after no party could commit to a suitable timetable for rescue funding. The homeware retailer had been looking to shore up aggregate funding of around £45-70m over the next 18 months as a stand-alone public company. Consumers have pulled back on spending on [...]
Premier Inn owner Whitbread swings to profit but warns of £60m inflation bill October 25, 2022 Premier Inn owner Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results. The interim results marked better fortunes for the hospitality operator, which last year posted a 19.3m loss. However, the firm said it had not seen its pub business return to pre-pandemic levels [...]
MPs slam ‘short-sighted and incredibly damaging’ tax-free shopping u-turn October 24, 2022 Cross-party MPs have warned that a u-turn on tax-free shopping for overseas tourists is “short-sighted and incredibly damaging” as the tourism sector hopes to recover post-Covid. In a new report, the Digital, Culture, Media and Sport (DCMS) Committee said Chancellor Jeremy Hunt’s u-turn was hindering the sector. The committee said it felt the government was [...]
Rishi Sunak vows to lead with ‘integrity and humility’ in first statement as incoming PM October 24, 2022 Rishi Sunak has vowed to lead the UK with “integrity and humility” in his first address to the nation as incoming Prime Minister. Sunak warned the UK faces “a profound economic challenge” and said “I will make it my utmost priority to bring our party and our country together”. Sunak won the Tory leadership contest [...]
Rishi Sunak will be UK’s new Prime Minister as he tells Tories ‘unite or die’ October 24, 2022 Rishi Sunak will be Britain’s next Prime Minister, after winning the Conservative leadership race unopposed today. Sunak told Conservative MPs in a private address this afternoon that they must “unite or die” as he faces a series of crises and the party faces historically poor poll ratings. Penny Mordaunt pulled out this afternoon shortly before [...]
Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
Premier League: Newcastle in top four, Arsenal draw and Villa impress October 23, 2022 Was it the day Tottenham saw their, admittedly unlikely, title challenge come to an end or was it the day Newcastle United knocked on the door of the Big Six’s office and asked for a seat around the undoubtedly extravagant table? A 2-1 win for the Toon in north London moved United into the top [...]
Confirmed: Penny Mordaunt is running for the top job October 21, 2022 Several Tory MPs declared their support for Penny Mordaunt moments after the Commons Leader announced she was running for the top job. Neil Hudson, MP for Penrith and The Border, tweeted: “I am backing @PennyMordaunt to be Prime Minister as I believe she has the leadership attributes, experience, empathy and compassion to unite our country [...]
What does Liz Truss’s resignation mean for Bitcoin and Sterling? October 20, 2022 The sudden resignation of the Prime Minister today has sent ripples of positivity across the markets where the pound has risen and crypto appears unmoved.