UK Reaches Deal to Restart Fuel Deliveries From Lindsey Refinery
The UK is well supplied with fuel and stock levels are normal, the Department for Energy Security and Net Zero said in an email.
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34 minutes ago
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Many traders remain at Nottingham's Victoria Market. So has it actually closed for good?
For more than 50 years, Nottingham's Victoria Market has been a staple of the city. Since its official opening in 1972 by then-Sherriff of Nottingham, Alderman Norman Hemmington, the market in Victoria Centre has been home to hundreds of stalls. But in recent years, the looming shadow of closure has continued to hang over traders at the market, with confusion and broken-down negotiations plaguing its final years. Officially, Victoria Market has closed, with Nottingham City Council giving all traders a leaving date of March 31. But a small handful of traders still remain at the market today and say they have no plans to leave. READ MORE: Attempted murder charge after Nottingham street fight left two in hospital READ MORE: Police warning after video emerges appearing to show Alfreton Road Nottingham street fight So if the market has closed, why is this the case? And how did a once-booming market that's been a vital part of the city even get to this point? We've tried to answer a few of these key questions. Victoria Centre Market opened in July 21, 1972 at the same time as the shopping centre in which it is based. It boasted 138 traders on the lower level and 156 on the top, plus a separate section of 20 stalls for meat and fish. Scores of major businesses now operating in Nottingham and further afield began their life in the market, with many traders even going on to have various separate units in the market throughout the years. Carole Lilley, who ran the Carole's underwear stall for 39 years said: "When I first got here, I had to rush to pay for the tenancy because there was such a long waiting list". In short, the city council says it's because of falling customer numbers and increased operating costs. When the market's closure was confirmed in 2022, then-Acting Portfolio Holder, Cllr Linda Woodings, said: "In its heyday, Victoria Market was a busy, popular market but sadly although the small number of customers who still use it have great affection for it, it has been under-used for years". The council said increased costs has meant it had to subsidise its operation for many years - something made worse by the pandemic which affected traders' income. At the time, the authority added that it would cost them £39m over the remaining 50 years of their lease to continue operating the market. This is something that has been repeatedly contested by traders, with Suzanne Anderson, who runs Gemini Jewellers, telling Nottinghamshire Live in March: "People want to rent out these stores - this market is popular and it works. "Even recently we've had people coming who are interested in renting out the stalls and customers come from very far. I see people from all walks of life here - it's not just the old people. We have customers as young as five and as old as 90". Meanwhile in April, Stephen Taylor, who runs the general hardware store Aladdin's Cave in the Victoria Centre Market, said: "We're the busiest we've ever been. "My only part-time member of staff has had to go full-time because we're that busy. But we would like to carry on and we will carry on - I'm the third generation of this family so I can't let it go". Rumours of the market's closure began in the winter of 2021 - these were confirmed in the new year. On February 24 in 2022, traders were first told the council would surrender its lease on the market, with some traders signing compensation offers and arranging new premises to move into. But that date came and went, with traders unsure of their future at the market. The authority eventually confirmed negotiations between themselves and Global Mutual - the managers of the Victoria Centre Market - had fallen through. The Labour-ran authority said these discussions had been "both complex and protracted" and that negotiations on the council terminating their lease agreement would continue. Another plan emerged, with traders initially told to leave last summer - but that date once again came and went. In September 2024, with the council under new leadership, it was confirmed the authority still intended to close the market and that traders who had not been paying rent would be asked to leave. March 31 was finally confirmed as the market's officially closing day - and it looked like the council wasn't going to go back on its word. The council's portfolio holder for leisure and culture, Sam Lux admitted that "plans for the future of the market have been too vague" but that March 31 marked the "informal closure" of Victoria Market. No, not at all. At the point of March 31, many traders had already left months prior, but on the day itself, it was thought around 15 traders remained. Many said they were not going to leave, arguing they believe they can't be legally evicted. "We're not going anywhere," said Stephen Taylor. "We've got £60,000 worth of stock here - we had £3,000 delivered last week. I've paid my rent until the end of the month and nobody now knows where they stand. "There's no attempt from many of us to move out - I've got 47 years left on my lease so they can't evict me". In the months since the 'final' day, one-by-one many of the remaining traders closed their stalls and, as of July 2, around five remain. Tony-Tex, a foam supplier stall, moved to Bulwell Market, while Mona's Beauty Bar, which had two stalls in the market, has relocated to a unit by Old Market Square. Meanwhile some - including Carole Lilley of Carole's underwear stall - have ceased trading altogether, with Carole entering retirement. Most recently, traders have criticised the city council for scraping off signage and closing off a public entrance, suggesting they are trying to make the market appear closed. One of the few remaining traders, Tick King owner David Bowey, has told his solicitor to withdraw from that process for now as he says the authority are acting in "bad faith". The city council says its actions at the market are part of its "standard operational procedure". Some of the remaining traders are demanding a fairer compensation offer from the city council, with lease agreements in place meaning the traders cannot just be turfed out before a compensation agreement is signed. There are also rumours M&S is interested in taking over the site - however this has not been confirmed. In a recent statement, Cllr Sam Lux added: "In terms of what's next for the space, given that traders previously did not take up the option to run the market themselves, we have been actively working with the landlords of the Victoria Centre to consider new uses. "Talks with them are ongoing, but we would love to see a space that benefits the local area, in line with their vision for a renewed retail centre."
Yahoo
2 hours ago
- Yahoo
LVMH Acquires French Media Group Bey Médias
NEWSMAKER: LVMH Moët Hennessy Louis Vuitton is continuing to expand its media footprint with the acquisition of French media group Bey Médias. Financial details of the deal were not disclosed. More from WWD Moynat Opens Avenue Montaigne Boutique Jonathan Anderson's Dior Debut Draws Daniel Craig, Robert Pattinson, TXT and Rihanna Jonathan Anderson on Building His Dior World, One Show at a Time The luxury group was already a minority shareholder of the company, which publishes daily newspaper L'Opinion and financial news website L'Agefi. It has bought the stakes of founder Nicolas Beytout as well as those of other shareholders including Théthys, which is owned by L'Oréal's Bettencourt founding family; American businessman Ken Fisher, and Dow Jones, the group owned by media titan Rupert Murdoch. According to sources with knowledge of the matter, the acquisition was done through the group's Ufipar subsidiary. L'Opinion and L'Agefi will be in an entity distinct from the Les Échos – Le Parisien group. It is understood that the publications' editorial structures and teams would remain in place. Beytout will continue to serve as the media group's president as well as president and publishing director of L'Opinion, with Rémi Godeau remaining as editor in chief. Meanwhile, Alexandre Garabedian is staying as editorial director of L'Agefi. L'Opinion and parent company Bey Médias were created in 2013 by Beytout, former president of Les Echos – purchased by LVMH in 2007 – and former editorial director of Le Figaro. At the time, they received financing from the French luxury group to launch. Known for its liberal and pro-European stance, it has a partnership with Dow Jones-owned Wall Street Journal, allowing it to translate and publish articles drawn from the American publication. In 2019, Bey Médias acquired L'Agefi, a 114-year-old publication then owned by Artémis, the Pinault family's holding company. Last year, the media group entered unsuccessful negotiations with Czech billionaire businessman Daniel Kretinsky. Prior to that, it was in talks with French-Lebanese global transport tycoon Rodolphe Saadé, who owns several media including business news site La Tribune and TV channel BFMTV. LVMH also owns French people magazine Paris Match, acquired in October, and has owned daily newspaper Le Parisien and its national counterpart, Aujourd'hui en France, since 2015. Best of WWD EXCLUSIVE: Sean Combs Regains Control of Sean John Brand Isabel Marant Said in Play Again: Sources Holding Industriale Invests in Shoe Specialist Valmor Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
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Hilton's to open Curio Collection hotel in UK in 2026
Hilton is continuing the expansion of its Curio Collection hotel brand in the UK with the signing of the Derby London City, which is set to open in early 2026. This development, signed under a franchise agreement with real estate developer and operator Dominus, marks the brand's tenth property in the UK. It also reflects Hilton's growing luxury and lifestyle portfolio, which recently celebrated its 1,000th hotel launch worldwide. Hilton UK, Ireland and the Nordics development vice-president Nick Smart said: 'Curio Collection by Hilton's continued expansion in the UK is a testament to the popularity and commercial success of our forward-thinking lifestyle brand.' The hotel will be owned by Dominus and managed under its Dominus Hospitality platform. The project involves transitioning a previous office space on Great Tower Street into the latest hospitality venture. Located in London's financial district, the Square Mile, the Derby London City aims to serve the needs of business travellers with 237 guest rooms, including ten suites. The property will offer an all-day dining restaurant, a 24-hour gym, meeting rooms, and private dining facilities. Dominus CEO Preet Ahluwalia said: 'As owners and operators of Lost Property St Paul's, we knew we could leverage our expertise, in partnership with Hilton, to deliver another Curio Collection hotel in a prime location. 'Since we acquired the site on Great Tower Street in 2023, we've taken a sustainable design approach to refurbishing and upgrading the existing building, to create a hotel that pays tribute to the past and offers an exceptional guest experience in the heart of London.' The property is set to support the City of London Corporation's Destination City programme, which aims to promote the Square Mile as a location for both business and leisure. City of London Corporation Planning and Transportation Committee chairman Tom Sleigh said: 'The City of London's new hotel stock will play a major role in realising the 'Destination City' growth strategy, by helping to accommodate the rapidly rising numbers of visitors and workers coming to the Square Mile, every day.' The Derby London City becomes part of Dominus's existing hotel portfolio, which encompasses properties such as Lost Property St Paul's London, Curio Collection by Hilton, and Hampton by Hilton Bath City. Last month, Hilton continued its expansion by unveiling The Marcus Portrush, a Tapestry Collection hotel, marking the brand's entrance into Northern Ireland, UK. "Hilton's to open Curio Collection hotel in UK in 2026" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
