FTSE 100 Live: Pound dips and stocks set to slip as Andy Burnham victory triggers political uncertainty
House of Fraser is opening champagne bars in stores and getting rid of clothing brands Episode, Therapy, Grey & Willow and Dickens & Jones March 17, 2017 House of Fraser is attempting to reinvigorate its in-store experience by installing champagne bars and trimming the number of clothing brands it offers. The department store, which has spent £90m on store refurbishments in the past two years, is ridding itself of 30 clothing brands. Read more: House of Fraser CEO Nigel Oddy resigns as Christmas trading [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]
Government pulls YouTube ads after investigation into taxpayers funding extremism March 17, 2017 The government has pulled its adverts from YouTube after an investigation said taxpayers are funding extremist videos online. Someone who posts a video on YouTube generally gets $7.60 (£6.14) for every 1,000 advert views it generates, meaning that YouTubers from even the darkest corners of the internet may be profiting from adverts for the Financial Conduct Authority, Sainsbury's, and [...]
The Office Group is expanding to Hammersmith March 16, 2017 Co-working office provider The Office Group is expanding its footprint in the capital, taking out a 20-year lease on a building in Hammersmith. The company is opening up 61,000 square feet (sq ft) of flexible office space across the lower eight floors of 1 Lyric Square, a block located just minutes from Hammersmith tube station. [...]
Canada Corporation to regenerate the waterfront around Custom House March 16, 2017 Canada Corporation is drawing up a master plan for redevelopment of Custom House and the buildings surrounding it in a bid to rejuvenate the City’s waterfront. Custom House was formerly used for the collection of tariffs on goods, and was rebuilt after the Great Fire of 1666 based on designs drawn up [...]
Canada wants to be an early adopter of 5G – but doesn’t know what it is March 16, 2017 Canada is ready to give its workers the fastest possible internet speeds in the form of 5G – but doesn't know exactly what 5G is. The super-speedy mobile network is scheduled to arrive in the UK in 2020, and Canada Corporation is committed to making sure the capital's financial [...]
Bond Street dumps its rubbish trucks March 15, 2017 Bond Street has dumped its bin men in a bid to attract overseas investment. The number of rubbish trucks going along the iconic shopping street has been slashed by 75 per cent over the past year, with the number of service providers falling from 40 to just two. Read more: Retailers in Mayfair and Bond [...]
City office rents propped up in uncertain times by low supply March 15, 2017 Rents in the City's offices are being propped up by low supply, with only three buildings set to be completed in the capital's financial quarter this year. This year 1 Angel Court, 45 Cannon Street and the Scalpel will be finished, and Chris Vydra, City leasing agent for CBRE, said that the dearth of new [...]
JLL boss calls out government on business rates “disaster” March 15, 2017 The UK boss of JLL has hit out at the government's revaluation of business rates, calling the arrangements around the tax changes due to start in April a "disaster". Speaking at global property conference Mipim, Chris Ireland said that despite flaws in the system, he did not expect the government to make any significant changes [...]
