Bargain property prices and a laid-back lifestyle are luring Brits to St Lucia January 25, 2016 Famous for its lush beauty, St Lucia is luring investors looking for fabulous beaches and a laid-back lifestyle. Property prices here took a tumble after the 2008 crash and, according to the Global Property Guide, are almost unchanged in the past three to five years. It also states that St Lucia property is 40 to [...]
Sports Direct’s Mike Ashley lands Agent Provocateur deal March 2, 2017 Agent Provocateur has been snapped up by a company part-owned by retail tycoon Mike Ashley, owner of Sports Direct. Alix Partners were appointed as administrators of the company today and immediately sold it to Four Holdings, which is 25 per cent owned by Sports Direct. Ashley fought off private equity firm Lion Capital to secure the deal, and [...]
Ordnance Survey map of Mars is an intergalactic guide for ramblers February 15, 2016 Never get lost again with this handy map of, er, Mars. The bastion of British mapping, Ordnance Survey, has created a new guide for ramblers, hikers and drivers to use for future journeys around the red planet. You can stroll past the canyons of Hydraotes Chaos and Aureum Chaos or the Martian crater Schiaparelli with the guidance from [...]
Network Rail considering selling 18 major stations including London Waterloo, Paddington and Birmingham New Street March 11, 2016 The chief executive of Network Rail, Mark Carne, has revealed he is considering selling off 18 major stations including London Waterloo, Birmingham New Street and Paddington in order to cut debt and break up what he described in the interview as a "Kremlin-type model". Carne said there would potentially be a £1.8bn sale of 7,500 other properties, including [...]
British Airways, CityJet and Flybe threaten to quit London’s City Airport over fears new owners will raise airline charges February 16, 2016 Three major airlines have fired a warning shot to bidders vying for control of London's City Airport, threatening to pull their business if a new owner raises airline charges. The airport, currently owned by US private equity firm Global Infrastructure Partners, has attracted the interest of five bidders, including Asia’s richest man Li Ka-Shing. The deadline for final bids [...]
Trunki-maker Magmatic loses intellectual property appeal case against PMS International and its Kiddee Case in the Supreme Court March 9, 2016 The Supreme Court has today dismissed an appeal by Trunki manufacturer Magmatic, which contended that a competitor product was breaching its intellectual property rights. Magmatic had previously registered a Community-registered design for its Trunki suitcases which covers various colours but not surface decoration. Magmatic argued in front of the Supreme Court in November that PMS International’s Kiddee Cases, [...]
The new centre ground: The full text of Theresa May’s Conservative Party conference speech October 5, 2016 In the speech which closed the Conservative Party conference, Theresa May spoke of a country in transition, and new opportunities. The full 7,600 words is below – although if you'd rather a cut-down version, her best quotes are here – or you can read how businesses reacted. The new centre ground: May's speech in full When [...]
FTSE hit by poor services figures – London Report June 3, 2015 BRITAIN’S top equity index slightly underperformed its Eurozone peers yesterday as a survey of the dominant services sector came in sharply below forecasts. The blue-chip FTSE 100 index was up 0.3 per cent at 6,950.46 points at the close, compared with rises of 0.6 to 0.8 per cent for the Paris CAC 40 and Frankfurt [...]
Cheesegrater bolts to cost Severfield £6m after Leadenhall building loses five June 17, 2015 Steelmaker Severfield said yesterday that the cost of replacing bolts in the Cheesegrater building, after five broke, is likely to hit £6m. There are around 3,000 bolts in the City skyscraper, formally known as the Leadenhall building, and most will be replaced, chief executive Ian Lawson told City A.M. “These bolts were a specialist [...]
Walkie Talkie to smash City office records as top floor goes under offer June 18, 2015 The top floor of the City's towering 20 Fenchurch Street – nicknamed the Walkie Talkie – is believed to have smashed new rental records, after it went under offer to a mystery firm, City A.M. can reveal. Read more: A storey-by-storey breakdown of everything in the Shard The highest rent achieved in the [...]