Suitors line up for Bonhams as outfit goes under the hammer June 5, 2014 A HANDFUL of private equity suitors have submitted first round bids for 220-year-old British auction house Bonhams, after the firm opted for a sale over a stock market float. Up to six firms are understood to have submitted bids for the company, including offers from the UK arm Mitt Romney-founded Bain Capital, as well as [...]
Stockpickers who kept steady in seismic shift September 16, 2014 FUND MANAGER of the year This year’s nominees represent the very best of the fund management industry, taking in a broad scope of talent from commodity-based hedge funds to stockpickers focused on small British businesses. Faced with rock-bottom interest rates and a dislocation in asset prices, fund managers have once again been forced to think [...]
Rightmove chairman sells £7m of shares and eyes a new home May 27, 2014 THE AVERAGE price of a home in South Kensington now stands at £2m, according to Britain’s largest property website Rightmove. However, chairman Scott Forbes looks to be eyeing a slightly pricier property after it emerged yesterday that he has sold around £7m of shares to help buy a new home in the prime London neighbourhood. [...]
Telford Homes doubles earnings as Londoners clamour for houses May 28, 2014 HOUSING developer Telford Homes saw its profits double over the past year and said it expected them to double again by 2018, thanks to the unsated appetite for homes in the capital. The London-focused group reported yesterday that profit before tax increased to £19m in the year to 31 March, compared with £9m the previous [...]
Work in Progress: Living in a postcard at One Tower Bridge July 11, 2014 While many new homes boast of their panoramic views across London, none are quite as iconic as the sight from One Tower Bridge. This landmark development from Berkeley is being built right next to one of the world’s most famous river crossings. It’s a mixed use site so, if you’re not planning on living [...]
Chelsea to ditch Viagogo for own ticket exchange July 14, 2014 Chelsea Football Club has severed its ties with ticket exchange site Viagogo, ending its nine-year relationship with the firm, in favour of an in-house exchange that doesn’t charge fees. The new system is similar to that of Arsenal, which has operated its own ticket exchange since 2008, and comes after pressure on the club since [...]
Lloyd’s mulling a move out of iconic tower to Batman building June 2, 2014 INSURANCE market Lloyd’s of London is understood to be in talks to leave its iconic building in the heart of the city for a new office in Leadenhall street. Lloyd’s has called the unique Richard Rogers designed building home since 1986, when it was specifically commissioned to house the growing specialist insurance market. A report [...]
London’s tech boom is more than just hype – and the City is at its heart September 18, 2014 WHILE London Technology Week may not yet rival London Fashion Week for glamour, there is real substance to the capital’s tech boom. This is why, for the first time, TechCrunch is bringing its Silicon Valley conference to London this October. A number of things are driving this tech boom. London has long acted as a [...]
Card Factory greeted with share sell off May 15, 2014 DISCOUNT greeting card shop Card Factory fell as much as nine per cent in trading yesterday, as its shares started trading on the London Stock Exchange. The business, which is being sold by private equity house Charterhouse, priced its shares at 225p to raise £90m for the company but they tumbled to as low as [...]
Zoopla’s debut safe as houses after stock rises June 18, 2014 PROPERTY portal Zoopla yesterday attracted a host of blue-chip investors to its £900m London stock market debut, helping net its founder £30m. The company, which priced shares at 220p, saw 38.3 per cent sold to new investors after existing shareholders such as Daily Mail and General Trust (DMGT) – its biggest owner – and founder [...]