DAILY BRIEFING: Small business chiefs predict High Street doom blaming sky-high business rates and parking fees
Doomed? 60% of small business chiefs believe the High Street could disappear completely
SHOPPING DOOM Around 60 per cent of small business chiefs believe the High Street could disappear completely, according to research by Close Brothers Asset Finance.
Bosses said that sky-high business rates are the biggest problem, followed by excessive parking charges and the rise of online shopping.
CLIMATE CHANGE Zurich-based information solutions firm TBG is buying weather forecasting company MeteoGroup, which provides weather information to the likes of the BBC and British Airways.
GIN UP Upmarket gin Brockmans’s sales jumped by 35 per cent to £4.7million in the six months to June 30 as purchases by British drinkers rocketed 90 per cent.
FINK FUND Hedge fund legend Lord Fink has invested £3million in Project Etopia, a business which creates affordable and energy-efficient schools and homes.
GERMAN JOBS Frankfurt is expected to get 2,000 extra jobs as banks shift staff due to Brexit – far fewer than once predicted.
SLOW DOWN Factory growth slowed in the three months to September, according to a survey by the Confederation of British Industry. However, growth remains above its long-term average.
BRIT BIT New York-based bitcoin trading firm Gemini Trust Company has reportedly hired advisers to develop plans for a UK arm.
NEW ROOMS Budget hotel chain EasyHotel is buying a lease for a 103-room hotel in Blackpool that is expected to open during the 2020-21 financial year at a cost of £7.6m.
MADE UP Cosmetics group Warpaint London has issued 3.3m shares to its joint chief executives Samuel Bazini and Eoin Macleod, as well as chief financial officer Neil Rodol.
OIL BOOST Trinidad-focused oil explorer Trinity Exploration has posted a 16 per cent increase in production to 2,771 barrels per day, with revenues up 49 per cent to £22million.
SANCTIONS DODGE Russian oligarch Oleg Deripaska’s energy group EN+ has won a further licence extension from the US to help give it more time to come up with a plan to comply with US sanctions.
SALES SLIP Aviation service business Gama Aviation said sales for the six months to June 30 dipped slightly to £79million.
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