500 cars and counting: Studio434, Europe’s biggest classic car collection March 9, 2021 Located close to north London, the huge and eclectic Studio 434 collection supplies cars to The Crown, Peaky Blinders, Downton Abbey and more.
Marks & Spencer unveils plans to replace retail space with offices at Marble Arch store March 9, 2021 Marks & Spencer (M&S) has unveiled plans to redevelop its Marble Arch store, with some retail space set to be replaced by offices. Under proposals announced this afternoon, M&S said the lower levels of the West End store would remain as retail space offering its food and clothing and home ranges. However, the upper floors [...]
City office floorspace surges as developers back the Square Mile’s future March 9, 2021 The City of London Corporation has today (9 March) revealed that, so far this year, it has given planning consent for the equivalent of almost 80% of the total office floorspace it approved for the whole of last year; demonstrating the City office market remains resilient despite new ways of working being adopted throughout the coronavirus pandemic. The City [...]
Video game maker Tinybuild debuts in record £340m Aim listing March 9, 2021 Video game maker Tinybuild has become the largest ever US company to list on Aim after its shares debuted on London’s junior index this morning. The Seattle-based company, which owns a portfolio of more than 40 PC game titles, secured a market capitalisation of £340m following its float this morning. This marks the largest ever [...]
London house prices to boom over next five years, Savills predicts March 9, 2021 London house prices are set to boom over the next five years, estate agent Savills said as it upped its UK property market forecasts for 2021. House prices in London’s mainstream market are expected to rise 12.6 per cent in the five years ended 2025, the real estate firm said. Meanwhile prime central London house [...]
Private equity group TPG in exclusive talks to buy McLaren’s iconic Woking HQ March 8, 2021 Private equity group TPG is in exclusive talks with supercar maker McLaren over the purchase of the firm’s iconic Woking headquarters. Sky News reported that the sale-and-leaseback deal for the property, which would allow the carmaker to continue using it, could be worth around £180m. The spectacular facility, which houses the firm’s collection of classic [...]
Marks & Spencer expands online presence to more than 100 markets with launch of 46 new websites March 8, 2021 Marks & Spencer (M&S) has launched 46 new flagship websites across the world, expanding its online reach to more than 100 countries. The launch, announced this morning, is part of M&S’s plan to “turbocharge” its online business, and almost doubles the number of international markets where it has a pureplay online presence. In it’s most [...]
Footwear retailer Shoe Zone suspends dividend until 2025 March 8, 2021 Footwear retailer Shoe Zone this morning said it has suspended its dividend until it is able to pay off its £12m in debt, which it does not expect to be until 2025 at the earliest. The firm – which had been debt free for 15 years – said borrowing had rocketed during the coronavirus pandemic. [...]
Pet or crypto price inflation – which puppy are you on? March 5, 2021 Monty Munford draws some unusual, yet obvious, comparisons between an unfortunate incident with Lady Gaga's dog walker and cryptocurrency.
Tiktok leases new London HQ above Farringdon’s Crossrail station March 5, 2021 Tiktok has leased a new London office building above Farrington East Crossrail station, developer Helical announced today. The tech firm has taken on the entire six-storey Kaleidoscope development, which includes 88,500 sq ft of office space. The lease is for a 15 year term with a 10 year break clause, and includes a market rent [...]