John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
Thailand holidays: be the only guests at this private Thai island resort October 9, 2023 Thailand is rethinking luxury with a new breed of private resort, finds Liz Connor The words ‘Thailand’ and ‘luxury’ aren’t always an obvious pairing. The hedonistic southern end of the country is famous for boozy full moon parties, well-trodden backpacker trails and hordes of tourists who flood to its shores to make the most of [...]
GSK sells £2.5bn worth of shingles vaccine to China’s Zhifei October 9, 2023 GlaxoSmithKline is to sell £2.5bn worth of shingles vaccine Shingrix to China’s largest vaccine supplier Zhifei with a goal to double its global sales for the British pharma giant by 2026. The partnership, which was announced today, will give Zhifei the rights to import and distribute the vaccine across 30,000 vaccination points, starting in January. [...]
Recruitment firms’ profits expected to suffer amid jobs gloom October 9, 2023 Analysts expect recruitment firms to report a sharp fall in profits this week as an uncertain economic environment impacts the jobs market. Hays, PageGroup and Robert Walters will update investors on their performance over the coming days, with profits predicted to fall sharply. According to a consensus cited by AJ Bell, Robert Walters is expected [...]
Airline shares plunge on fears for oil prices and travel over Israel conflict October 9, 2023 Airline stocks tumbled this morning after investors fretted over rising crude oil prices and whether the conflict in Israel would dent demand.
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
Peer2Peer Finance News rebrands to Alternative Credit Investor October 9, 2023 | Sponsored Peer2Peer Finance News magazine has rebranded to Alternative Credit Investor The world’s leading resource on peer-to-peer lending has attracted a loyal audience of investors and credit industry professionals over the past seven years, and will be expanding its coverage to cover the wider alternative debt space. “While we’re really proud of the Peer2Peer Finance News brand and what [...]
The Notebook: Marcus Geddes on what makes a modern office October 9, 2023 Today, Marcus Geddes, managing director at Landsec, takes the Notebook pen to talk all about the modern office Don’t let others fool you, there’s strength in flexible offices Demand for flexible offices is higher than ever before, but do people really know what ‘flex’ means? A common misconception is that flex is just co-working spaces [...]
‘List of lazy outdated takes’: Short seller’s London jibe riles UK tech chiefs October 9, 2023 London tech bosses have hit back today after short seller Carson Block launched an attack on the quality of talent and skills in the capital. In a recent interview with Morning Wire, Block took aim at the capital’s tech credentials and said firms listed outside of the US “was almost always a flag”. “The money [...]