Loungers sees ‘no shift’ in bargoer spending behaviour despite recession fears July 13, 2022 Bar goers have shown no change in spending behaviour at Loungers and Cosy Club venues, according to boss Nick Collins. While consumer-facing firms have reported declining sales in recent months, Loungers said its recent trading had bucked the trend, with “nothing to suggest a cautious consumer.” “We have looked for it [signs of change], clearly [...]
Property prices to smash through £300,000 mark by next month, industry expert predicts July 13, 2022 AVERAGE property prices will smash through the £300,000 mark by the end of the Summer, an expert said today. Latest data show that prices hit a record £294,845 – as rates rose at the fastest level in 18 years. Despite claims prices could be set to crash, Jonathan Rolande, from House Buy Fast, believes we [...]
Tax cuts won’t cut it; the new Tory leader must bring about innovation July 13, 2022 As I write, every candidate vying to be the next Conservative Party leader – with the exception of Rishi Sunak – has promised major tax cuts. In many ways this is welcome, as taxes can deter investment and increase the cost of living. During a time where families are struggling to make ends meet and [...]
Moreira battles Purton in final Valley meeting July 12, 2022 HAPPY Valley hosts its final meeting of the season with a nine-race programme today. While trainer Frankie Lor may have one hand firmly on the coveted champion trainers’ trophy, it’s still all to play for in the Jockeys’ Championship race. Zac Purton is grimly clinging on to a two-win lead over arch-rival Joao Moreira, with [...]
The Evening Standard says commuters coming back despite losses deepening July 12, 2022 The Evening Standard reported a loss of £14m for the last year as the commuter paper battled to draw office workers back to its pages. According to filings on Companies House, the firm faced a 36 per cent year-on-year fall in turnover from £44m to £28m last year. The London freesheet said that despite work [...]
Tory leadership: Priti Patel will not stand in contest July 12, 2022 Home secretary Priti Patel has decided not to run for leadership of the Tory party, leaving Liz Truss as the likely standard bearer for the right of the party. Patel said in a statement today that she was “grateful for the encouragement and support” of her fellow Tory MPs, but that “I will not be [...]
Exclusive: Penny Mordaunt savaged by trade colleagues who say she’s been ‘missing for months’ July 12, 2022 Top Tory leadership candidate Penny Mordaunt has been accused by senior Whitehall figures of neglecting her duties as a trade minister for the past six months, with one claiming “we’ve been a minister down for a long time”. A senior source from the Department for International Trade (DIT) told City A.M. that other ministers had [...]
Drax submits plans to build world’s largest carbon capture and storage project July 12, 2022 Drax has submitted plans to build two bioenergy units at its power station in Selby, which includes carbon capture and storage facilities.
Airlines to stop selling tickets as Heathrow puts 100,000 daily passenger cap July 12, 2022 Heathrow has asked airlines to stop selling summer tickets, as it was forced to cap the number of daily passengers to deal with travel mayhem. The airport’s cap – introduced from today until 11 September – will amount to 100,000 departing passengers per day. Commenting on the decision, aviation analyst Sally Gethin told City A.M.: [...]
Energy bodies call for boost in grid infrastructure after Ofgem unveils plans for new system operator July 12, 2022 Leading industry bodies have welcomed Ofgem's proposal for a new overseer of strategic planning for the UK's energy system.