Demand for luxury branded goods is boosting the performance of prime retail property in Europe’s leading shopping destinations. Cushman & Wakefield reports that, in sharp contrast to many high streets, rental growth on so called ‘super streets’ rose by 4.5 per cent in the first half of the year. Head of Research David Hutchings... Read More
For many years, Upton Cressett Hall has nestled in the Shropshire Hills. Like many of England’s finest homes it has played a small part in others’ fights as history unfolded around it, however it now faces a fight of its own. In one corner are the advocates of wind farm development with plans for two turbines, both higher than... Read More
While much of the British electronics retailing industry struggled throughout the recession, mobile phone companies have been faring rather better. The unveiling of plans for a 4G data connection in the UK, as well as the release of the iPhone 5 and Samsung Galaxy models, has meant that consumers have been keen to keep their smartphone... Read More
Christmas is in the air, with eager shoppers rushing out to buy everything needed for the big day. Presents, decorations and festive foods line the aisles of supermarkets nationwide – but rather than a White Christmas, many are gearing up for the biggest Bargain Christmas seen in quite some time. Because, although the recession is... Read More
Black Friday or should it be called Black Monday? Even if you are a Christmas humbug, you may still enjoy the feeling of giving a present to someone and seeing their face light up. But the feeling is even better if you secretly know that you bought their gift at a seriously reduced price. If this sounds like you then you don’t need to wait... Read More
Letters due to be sent to Comet staff suggest that job losses could be imminent at the failed electrical retailer. The Daily Telegraph reports that administrator Deloitte will issue the letters warning of the “potential for redundancies” shortly. The letter also states that there is the possibility of the transfer of “some or all of the... Read More
With the Eurozone crisis escalating, many international tourists are being discouraged from visiting countries such as Spain, Italy and France due to the fact that inflation means they may not get a good deal for their money. Even in relatively stable countries such as Germany and Belgium, the single currency system means that their economies... Read More
With much of the world still reeling from the global recession, and the Eurozone crisis seeming to worsen on a daily basis, retailers are beginning to invest heavily in emerging markets. Countries such as China, India and Russia are proving to be popular for chains looking to expand their property portfolios with many popular groups now... Read More
During the Olympics, Sunday trading laws were relaxed in order to allow larger retailers the opportunity to cash in on a heightened enthusiasm from consumers to spend. Under current laws, stores of more than 3,000 sq ft are only allowed to trade for six hours on Sundays – something which smaller retailers appreciate as they can operate for... Read More
With Christmas fast approaching, retailers are preparing for an influx of consumers hitting high streets nationwide over the next few weeks. The traditional Christmas rush usually begins in October and lasts through to the January sales – something that retailers will be counting on this year in order to make up revenues from poor results... Read More
Britain may be out of recession, but for our neighbours across the English Channel the economic difficulties are continuing to have grave effects upon business in many European countries. The single currency has meant that, due to a severe financial crisis in Greece, countries such as Spain and Italy are now struggling to keep their heads... Read More
Two charities have compiled a new report which finds that the number of charitable donations has dropped by 20 per cent in the last year. The National Council for Voluntary Organisations (NCVO) and Charities Aid Foundation (CAF) gathered the results of 3000 people who were surveyed by the Office for National Statistics. The reported... Read More
In October Movehut reported that plans for the redevelopment of Smithfield Market were due to go on public display. The proposals have since been met with criticism from conservationists who argue that the £160 million revamp will ‘gut’ one of the most important examples of a Victorian market building in Europe. Now a campaign group... Read More
The East End’s tech, media and creative sector is set to overtake the City in terms of economic growth over the next five years according to forecasters. The Centre for Economics and Business Research (CEBR) has found that the industries based around Shoreditch, Hoxton and Bethnal Green are growing at twice the rate of the financial sector... Read More
Over 500,000 people have added their names to a petition calling on US department store Macy’s to end its association with Donald Trump. The billionaire businessman has been the face of Macy’s for several years but has now come under fire for what is described as his “especially unpleasant, nasty and despicable behaviour.” Donald... Read More
As Movehut has previously reported, recent changes to the law have made squatting in residential property a criminal offence. However, the changes do not apply to commercial property and we forecast that this could lead to a rise in unoccupied business premises being targeted. Now a community of squatters is occupying a former Chelsea... Read More
Stoke City Football Club have announced plans to add 1,800 seats in the south east corner of the Britannia Stadium. The move would bring the capacity of the ground to over the 30,000 mark. Stoke City in action against Arsenal The plans consist of widening the concourse, heightening the viewing platform and adding in the additional... Read More
Only a few months ago, unemployment was seen as one of the biggest issues in the UK. However, skip forward to the present day and the figures have fallen dramatically – indicating that Britain is well on its way to full recovery. The end of the recession will have no doubt played a large role in such a positive step in the field of... Read More
The road to economic recovery is going to be a long and winding one according to the Bank of England. Governor Sir Mervyn King made the prediction as he scaled down growth forecasts and conceded that inflation is likely to remain higher than expected. Sir Mervyn King Sir Mervyn said that continuing economic fragility means that earlier... Read More
The makers of Irn Bru, A.G. Barr have agreed to merge with Britvic which is one of the leading soft drinks makers. The move will create the largest company to produce soft drinks in Europe. A.G. Barr was established in 1875 and produces not only Irn Bru, but also brands including, Rubicon, Strathmore, Simply, St Clements, Sun Exotic... Read More
Celebrities Sadie Frost and Sam Taylor-Johnson (better known as Sam Taylor-Wood) are spearheading a campaign to prevent beauty chain Space NK opening a branch in Primrose Hill. They claim that their aim is to protect the independent retailers in the village and they hope their opposition will persuade Space NK to reconsider its plans. Sam... Read More
Christmas, and the weeks preceding it, is always the busiest time of year for both chain and independent retailers. With consumers formulating lists of gifts and cards to send to friends and family, businesses frantically organising Secret Santa and office parties and supermarkets brimming with customers buying food and drink for the eagerly... Read More
