Focus On: Soho October 25, 2012 BEAK STREET, W1F Price: £3.99m This corner four-bedroom semi-detached house is located near Golden Square. It stretches six floors, has three kitchens and a basement, currently used as a bar, which can be put to other use. Contact Kinleigh Folkard & Hayward on www.kfh.co.uk or 020 3280 3541 HAT FACTORY AND BEAVER BUILDING, W1F Price: [...]
CITY MOVES | WHO’S SWITCHING JOBS March 15, 2012 Shore Capital The independent investment group has appointed Christian Yates as senior adviser within its asset management division. Yates was previously a partner at Hazel Capital, the specialist cleantech investment manager, where he established a renewable energy infrastructure business. Yates has over twenty years in the fund management industry and has held senior positions at [...]
Catastrophes cost economy £232bn in 2011 March 28, 2012 A YEAR of natural catastrophes and man–made disasters cost the worldwide economy over $370bn (£232bn) in 2011, according to new research from the insurer Swiss Re. It estimates that insurers will have to cover $116bn of this cost, up from their December forecast of $108bn. Japan’s earthquake, which caused over 19,000 deaths, accounted for more [...]
The Budget sent mixed messages on tax certainty March 22, 2012 WE’VE had good news, bad news, and surprising news from the Budget. The UK looks attractive, partly due to financial tension in Europe. The question is whether the Budget added to or reduced the UK’s appeal as a place to do business. The answer, unsurprisingly, is mixed. The reduction of additional rate income tax from [...]
FTSE 100 slips after oil prices drop March 15, 2012 Britain’s leading share index slipped on Thursday, weighed down by weakness in heavyweight energy stocks after recent gains, with investors also looking ahead to futures and option expiries. At the close, the FTSE 100 index was down 4.71 points, or 0.1 per cent. BP shares dropped 1.26 per cent, while Cairn Energy shares fell 1.46 [...]
CITY MOVES WHO’S SWITCHING JOBS April 17, 2012 Symvan Securities The corporate finance house has announced that Shamim Mansoor has joined as a mining analyst. Mansoor arrives from HSBC, where she served as vice-president global metals and mining. She previously worked for five years at Investec. CapQuest CapQuest, specialists in the purchase, management and collection of consumer debt, has appointed Bill Flynn as [...]
City Moves | Who’s switching jobs October 21, 2012 KPMG Michael Anderson has been appointed to the newly-created role of head of direct tax litigation at KPMG in the UK. He joins from Dorsey & Whitney, the US law firm, where he was a partner in its tax litigation team. Anderson has specialised in the area for 10 years. RBC Wealth Management The wealth [...]
Boom in prime property sees Savills thrive March 15, 2012 SAVILLS yesterday posted a nine per cent increase in full year profits to £40m after a boom in London prime residential property and strength in China helped to offset a stagnation in commercial activity in Europe. The property agent’s UK residential business grew profits by 11 per cent to £20.4m in 2011, fuelled by a [...]
Don’t blame developers: Britain’s planning system pushes up prices September 6, 2012 DURING recent planning rows, opponents of reform have argued that our lack of new homes was nothing to do with our 1940s planning system, but a case of greedy developers sitting on land with planning permission. Yesterday, the Local Government Association argued that the problem is big developers sitting on “land banks”. But big developers [...]
London boost for Berkeley March 19, 2012 HOUSEBUILDER Berkeley says it has hit over £1bn in forward sales, up from £813m last May, driven by strong demand for residential property in London and the south east. The firm used a trading update to announce that it had acquired seven sites for a total of £80m since November, including a former Royal Mail [...]