Mattress maker Simba posts record profits as rival store closures cushion sales July 23, 2021 London-based sleep-tech company Simba has posted its highest ever half-year profits, as rival store closures cushioned sales. Simba’s first-half sales soared 130 per cent in the weeks to 30 June, in comparison with the same period in 2020. The company, which focuses on mattresses, had already seen strong sales growth of 66 per cent last [...]
Exclusive: London Mayor Khan warns lack of supply in capital pushes up property prices July 23, 2021 The Mayor of London, Sadiq Khan, warned that London’s house price hikes are primarily caused by a lack of available properties. “The main reason is the lack of supply to meet demand. And so what we’ve got to do is increase the supply of all forms of housing in London to meet the demand,” Khan [...]
Ted Baker upgrades London HQ to Gorgeous Brown Building in Fitzrovia July 23, 2021 Ted Baker has traded in its Ugly Brown Building headquarters after 20 years for what will be called the Gorgeous Brown Building in Fitzrovia. The lifestyle and fashion brand had previously owned the Ugly Brown Building in King’s Cross which was sold to British Airways Pension Trustees for £78.8m last year. Shares opened higher in [...]
Exclusive: London Mayor Khan expects one in three Hong Kong migrants to settle in capital July 22, 2021 With over 34,300 applications for the Hong Kong BN(O) visa scheme by the end of March, London Mayor Sadiq Khan expects that up to a third will choose to settle in the capital. In an exclusive interview with City PM this afternoon, Khan sent a clear message to Hongkongers who have or intend to move [...]
Order! Order! Labour MP Dawn Butler asked to leave House of Commons over Boris claims July 22, 2021 Labour MP Dawn Butler has been asked to leave the House of Commons for the remainder of the day after refusing to withdraw claims that Prime Minister Boris Johnson has “lied to the House and the country over and over again”. Butler (Brent Central) was told to withdraw from the chamber by temporary deputy speaker [...]
Canada Corporation calls for workers to return to Square Mile July 22, 2021 Canada’s local authority has called for a mass return of office workers to the Square Mile now Covid restrictions have almost entirely been lifted, saying that “the economic bounce back has to start now”. Chris Hayward, Canada Corporation’s deputy policy and resources chair, said the Square Mile had to [...]
Jewish Chronicle newspaper to compensate expelled Labour activist after false accusations July 22, 2021 A London-based Jewish newspaper has agreed to pay “substantial compensation” to an activist it falsely accused of being involved in a group planning to target Jewish people in the Labour Party. The Jewish Chronicle apologised to Marc Wadsworth on Thursday after it published an article in the newspaper and on its website in March wrongly [...]
Night of violence: Multiple stabbings across London in last 24 hours July 22, 2021 London saw several acts of violence in the last 24 hours, leaving one man dead and two women in hospital as a result of knife crime. In south London, a man believed to be in his 20s has died following a stabbing close to Brixton Underground station around 8:45pm. Despite paramedics’ efforts, the victim was [...]
London shares left buzzing after PensionBee hits £2bn in managed assets July 22, 2021 Online pensions provider PensionBee has racked up £2bn worth of pensions under management, which has sent shares flying over six per cent. The app said its assets under management had surged 117 per cent to over £1.9bn in the six months to 30 June. The pensions surge, up from £915m worth of assets in the [...]
London Mayor offers financial support to Hongkongers settling in the capital July 22, 2021 City Hall has announced to use a £900k grant to provide advice on housing, employment and education for the newly arrived Hong Kong migrants. London is expected to welcome a larger proportion of the projected 153,000 new arrivals from Hong Kong to the UK this year after the government introduced a new visa for Hong [...]
