South West Trains disruption: flooding hits London Waterloo via Surbiton, South West suburban routes, lines to London Victoria from East Croydon, and metro routes in South East London June 23, 2016 Delays and cancellations are expected on several train routs to London this morning which will last well into the London rush hour. Routes affected include lines into London Waterloo via Surbiton, South Westsuburban routes including Shepperton to Fulwell and Virginia Water to Weybridge, lines into London Victoria from East Croydon, and metro routes in South East [...]
Tesco’s share price looks perky as company announces sale of Harris and Hoole coffee chain to Caffe Nero June 23, 2016 Supermarket chain Tesco is selling Harris and Hoole coffee chain to Caffe Nero, it said in its first quarter trading statement this morning. "Together, these sales allow us to place even greater focus on our core UK business," the company said. The retailer's share price was up by 2.82 per cent in early morning trading [...]
These are Britain’s best new buildings June 23, 2016 The architects changing Britain's living, working and learning spaces have been honoured today with the announcement of the country's best new buildings. The Royal Institute of British Architects (RIBA) has given prizes to forty-six of the most impressive architectural achievements in the UK this year. Later in the year, a handful of these will be picked out to create [...]
Sir Philip Green is looking to save 1,000 staff in BHS concessions June 22, 2016 Retail tycoon Sir Philip Green is trying to save 1,000 staff working throughout the stores of the embattled high street stores in the Arcadia concessions. The retail boss is looking to relocate as many of the staff as possible in the shops of Arcadia's brands. Green recently told MPs that he is working on a solution to [...]
These are the best seaside areas for landlords to invest in June 22, 2016 Beach holiday hot-spots such as Brighton and Eastborne have lost out to northern beaches as the best places for landlords to invest in rental properties. Forget the donkey rides at Brighton pier – Hull has been named as the top seaside area for landlords in England and Wales; property investors in the postcode enjoy rental yields up to 10.7 per cent [...]
Debenhams’ share price falters after retailer announces drop in sales June 22, 2016 Debenhams share price fell this morning as the struggling department store posted a drop in sales. The figures Like-for-like sales at the UK chain fell 0.2 per cent in the 15 weeks to 11 June. Discounting the effect of currency movements, this figure adjusted to a 1.6 per cent fall in sales. Online sales grew by seven [...]
H&M’s sales struggle as Swedish retailer is hit by stronger dollar June 22, 2016 H&M recorded its worst sales growth for three years as the fashion retailer was hit by the strength of the dollar. The figures The Swedish fast-fashion group posted pre-tax profits of SK7bn (£576.8m) in the three months to 31 March, a drop of 17 per cent compared to the same time last year. The company plans to [...]
Business leaders sign letter backing Britain remaining in the EU June 22, 2016 The bosses of more than half of the UK's biggest companies have called for voters to back Britain staying in the EU in tomorrow's vote. Directors from 51 FTSE 100 companies have signed a letter to voice their support for the UK remaining in the EU, saying a British exit "would put jobs at risk". [...]
Eurozone buyers are getting a £26,000 discount on the price of London property June 22, 2016 Buyers from the eurozone are bagging £26,000 discounts on London property due to sterling's depreciation over the past weeks as markets react to the UK's vote on its membership of the European Union. London estate agents Stirling Ackroyd have estimated that the depreciation of sterling in June has meant that the average house price in London stands [...]
Petra Diamonds unearths 121 carat white diamond from the mine where diamonds on the Crown Jewels were discovered June 21, 2016 Diamond mining company Petra Diamonds said this morning it has found a large 121.26 carat white diamond at the Cullinan mine in South Africa, the site where diamonds now adorning the Crown Jewels were discovered. The gem (pictured below) is a Type II diamond "of exceptional colour and clarity", the company said, and is "an outstanding [...]
