‘Utterly pathetic’: M&S boss furious as Gove rejects Oxford Street store demolition plan July 20, 2023 Plans by M&S to demolish its flagship site on Oxford Street have been rejected by Michael Gove. The high street stalwart had previously received a green light from Westminster City Council to tear down its Marble Arch store and replace it with a revamped shop featuring a new cafe, offices and a gym. However, the [...]
More business groups back London City Airport expansion after council blocked growth plans July 20, 2023 More business groups have come out in support of City Airport’s expansion plans after they were blocked by a local council. Early last week, Newham Council voted to oppose City Airport’s proposals, which would have created nearly 4,000 jobs and upped passenger capacity by two and a half million at the east-London hub. The airport [...]
Chapel Down increases market share as premium wine sales soar July 20, 2023 Britain’s largest winemaker Chapel Down has upped its market share as demand for its luxury wines heats up. Chapel Down’s market share increased to 36 per cent in the first half of the year, and the brand drove 80 per cent of overall English Sparkling Wine category value growth, according to information tracker Nielsen. The [...]
I tried Russell Brand’s alcohol free festival – it changed my outlook for good July 20, 2023 “One more time? How about ten more times? Let’s all get high!” declares a sober Russell Brand on the main stage at his Community Festival, conducting a breathing exercise to a crowd of thousands which is so mind-bending that people frequently collapse. Medics are on hand as Brand stands centre stage. Alongside him is the [...]
Babcock shares up 10 per cent after reinstating dividend July 20, 2023 British engineering company Babcock said it was confident on further growth this year and would reinstate its dividend, encouraged by the boost to defence spending since the war in Ukraine. The company, which designs and manufactures naval ships and weapons handling systems as well as supporting Britain’s nuclear submarines, said it expected to deliver average [...]
The insurers trying to get their heads around the new world of war July 20, 2023 We knew what war was. Wars used to look like people dropping bombs and people with guns,” Tom Murray tells me from the distinctly unwarlike setting of an Aon meeting room. “It was relatively easy to understand. Now we suddenly have this incredibly rapidly evolving field of cyber war – which could be a fundamental [...]
Royal Mail parent group IDS names international parcels boss as new leader July 20, 2023 International Distributions Services (IDS), the parent group of Royal Mail, has named Martin Seidenberg as its new leader as new boss says there’s opportunity ahead, “but we must seize it”. Seidenberg, who has been chief executive of parcel delivery company GLS – which is owned by IDS – will take charge of IDS in August [...]
Bitcoin holds firm above $30k as most large cap cryptocurrencies inch upwards July 20, 2023 Bitcoin continues to find support above $30,000 after dipping below this key level a few times in the last week.
Premier Foods has no plans for price increases as cost inflation ‘now past its peak’ July 20, 2023 Mr. Kipling maker Premier Foods said that it now believes that the recent period of significant input cost inflation has “now passed its peak”, with the group no longer planning for further price increases during the year. It comes as inflation fell to its lowest level this year of 7.9 per cent, giving shoppers hope [...]
Vistry reports 22 per cent slide in home completions as rate hikes bite July 20, 2023 Vistry Group said the number of homes it completed during the quarter was down 22 per cent compared to the same period last year, as surging mortgage rates continue to hit UK housebuilding companies. The London-listed firm blamed a “tough” economic climate for the decline, with the housebuilder completing 2,847 homes in the period down [...]