Business

FTSE 100 to rise as investors assess housing market

The FTSE 100 is forecast to rise today, bouncing back from a poor trading day yesterday with the housing market and the appearance of the Bank of England governor in focus. The blue chip index suffered its worse trading day since mid-May yesterday – tumbling 101 points or 1.7% to 5862 – as investors in […]

Business

Shop prices fall further in August but Brexit pressure looms

Shoppers saw prices fall further in August but could see recent deflation come under pressure as Brexit looms, according to new figures. Prices at retailers fell by 1.6 per cent this month, after a 1.3 per cent decline in July as coronavirus continued to affect industry. It said this was particularly driven by non-food stores […]

Business

Cake Box records sales leap and will return furlough funds

Enfield-headquartered bakery chain Cake Box has cheered a sales leap and said it will repay furlough money. The AIM-listed company said in the last three months, since the reopening of the estate, trading has been “very strong”. It saw comparable sales growth of 14.1% in stores, and online sales were 74% higher than a year […]

Business

A number of start-ups plan mix of home and office working in September, Seedrs poll finds

A number of start-ups in the capital continue to work remotely, but from this month more will embrace alternating between the office and home desks, according to a new poll. Equity crowdfunding platform Seedrs queried London businesses currently raising with it, or that have, about back to the office plans. Many companies across Britain have […]

Business

The Gym Group sees membership numbers start to recover after pandemic hit profits

The Gym Group has seen higher demand at London branches in residential areas, with people working out closer to their home offices, the fitness chain has said. Chief executive Richard Darwin was speaking as the company posted a first-half loss. Income was hurt by having to close sites for the lockdown. Most centres have now […]

Business

Property developer British Land unveils major new London offices proposal

Property giant British Land has demonstrated a vote of confidence in London offices, by unveiling plans for a major new project in the City. The FTSE 100 property developer, led by Chris Grigg, has published plans for some 700,000 square feet of offices at 2 Finsbury Avenue, which sits on its Broadgate complex that comprises […]

Business

Get out and show Londoners the city is safe, business leaders tell Boris Johnson and Sadiq Khan

Employers groups also criticised “muddle” in the Government’s back-to-work message Business leaders today called on Boris Johnson and Sadiq Khan to show leadership to a nervous public by visiting the West End and highlighting safety improvements on public transport. Employers groups also criticised “muddle” in the Government’s back-to-work message and called for a clear narrative […]