High street bosses plead Chancellor to slash business rates October 10, 2021 Around 20 retail leaders have called for a cut to business rates to ensure the high street’s pandemic recovery. Some 21 bosses – including leaders of Iceland and MossBros – have written to Chancellor Rishi Sunak and said urgent intervention is needed to protect businesses. “There are many views on precisely how the business rates [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Raise interest rates now to stem inflation, warns John Major’s chancellor Lord Lamont October 9, 2021 A former Tory chancellor has called for an increase in interest rates as he wanred about the risks surrounding inflation. The Government’s policy of calling for wages to go up could further drive inflation if the boost is not accompanied by increased productivity, Lord Lamont said today. Amid soaring energy prices and shortages of workers [...]
A new app lets you invest in property from your phone October 8, 2021 We have become used to doing our banking and investing from our phones, so now a new financial-meets-lifestyle app is launching specifically for investment in the UK residential property sector. If you’ve had your eye on the buy-to-let market, but haven’t jumped, from next month you can build a property portfolio with a few clicks. [...]
Jacamo owner N Brown hails momentum amid turnaround plan October 8, 2021 Online fashion group N Brown has hailed positive momentum heading towards the busy Christmas period following the company’s turnaround plan. The Jacamo and JD Williams owner said it has seen early improvements on the back of “restructuring work” after pushing forward with a new strategy last summer in a bid to return to growth. The [...]
FTSE 100 lifted slightly by travel stocks October 8, 2021 The FTSE 100 inched 0.3 per cent higher this morning, as travel stocks lifted the index after a hoard of destinations were taken off the red list. British-Airways owner ICAG, Whitbread and Ryanair gained between 0.5 per cent and 2.9 per cent. Though the FTSE 250 slipped 0.12 per cent dragged by fellow travel heavyweight TUI, which [...]
Is bling out? What Chinese “common prosperity” means for luxury goods October 8, 2021 | City Talk Evergrande Group will not have helped to calm the nerves of investors in European luxury goods companies. They’ve viewed recent developments in China with some trepidation. The difficulties facing the country’s second largest property developer (by sales) add to a checklist of concerns. These concerns include a slowdown in economic activity (for background, see: China: what [...]
Worker shortages threaten to derail London recovery October 8, 2021 LONDON is among the worst areas in the country being plagued by worker shortages. The volume of part-time workers available for work across the capital plunged at its quickest pace since records began, according to research by the Recruitment and Employment Confederation and KPMG. A paucity of overseas talent and workers who were previously in [...]
Panic buying lifts spending to pre-pandemic levels October 7, 2021 Brits frantically stock piling petrol amid a country-wide fear of being unable to secure fuel lifted spending to pre-pandemic levels. The boost to pre-Covid parity was fuelled by sharp increases in work-related spending, which includes purchases of petrol, according to the Office for National Statistics (ONS). Work-related spending was 158 per cent above the tally [...]
JustEat orders to offices soared last month October 7, 2021 JustEat has said orders of delivery food to offices has almost doubled in September, compared to June. The number of companies ordering food to the office last month grew more than 170 per cent when compared to last September. Office delivery sales have increased by more than 150 per cent from July to September, the [...]