British Land to keep its share of Broadgate January 29, 2013 BRITISH LAND confirmed yesterday it plans to keep its 50 per cent stake in the £3.1bn Broadgate Estate and work closely with Blackstone as it looks to sell its half in a deal that could net the private equity firm an eightfold return. The FTSE developer sold down its stake in Broadgate to Blackstone in [...]
What the other papers say this morning – 13 June 2014 June 12, 2014 FINANCIAL TIMES Corporate PC demand boosts Intel Intel has raised its profit guidance for the second quarter on the back of strong demand for business PCs, pushing shares up by more than five per cent in after-hours trading. Demand for the PCs – the market Intel’s chips dominate – is stabilising as companies begin to [...]
London gets its first renminbi clearing bank June 18, 2014 BRITISH businesses and traders will get more access to Chinese markets after the China Construction Bank (CCB) was yesterday appointed the UK’s first renminbi (RMB) clearing bank. The Bank of England signed the deal with CCB, meaning that firms in Britain would be able to clear currency trades through a bank in the UK. It is [...]
Land Secs sells £200m shopping malls October 8, 2013 Land Securities and British Land yesterday agreed to sell their two Aberdeen shopping centres to F&C REIT for £189m. The two FTSE 100 property firms owned Bon Accord and St Nicholas shopping centres in Aberdeen through a 50:50 joint venture formed in 2004. Land Securities said the venture was due to expire after seven years [...]
This is the start of a new democratic space race – and Britain is at its head July 16, 2014 Yesterday's announcement that the government has shortlisted eight potential sites for a UK spaceport, and enabled a regulatory regime for manned spaceflight, is a breakthrough moment for our £11bn space sector. While the industry has already enjoyed Bric-style growth rates in recent years, we are now on track to remove crucial blockages to UK leadership [...]
Deals take off at start of Farnborough International Airshow July 14, 2014 The first day of the Farnborough International Airshow kicked off with a wide array of deals, with rivals Airbus and Boeing stacking up orders as they pushed the next generation of commercial airliners. Airbus announced the launch of its upgraded A330neo, with a deal arranged with Rolls Royce to provide its Trent 7000 [...]
Spring closures put brakes on car production June 18, 2014 UK CAR manufacturing fell by almost 10 per cent in May, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT), though the industry remains on track for a year of further growth. The trade association said the 9.8 per cent fall – or 116,655 units – was due to days lost [...]
How to improve relations among your colleagues July 8, 2014 Worrying about being seen as a slacker is holding Londoners back. Many of us spend more time in the office than we do with our partners, housemates, or friends. So why are we so reluctant to invest time and energy in fostering genuine relationships with our co-workers? You might think you already [...]
Landlord of Broadgate Estate in talks with Singapore over stake August 21, 2013 THE BROADGATE Estate, home to thousands of City workers, is in line for a new landlord after Singapore’s sovereign wealth fund GIC emerged as frontrunner to buy a stake in the campus. The 15 building estate, home to Swiss bank UBS, is being sold by US private equity giant Blackstone, which co-owns the estate through [...]
Business bosses call for end to dithering on new runway plan November 19, 2013 DISGRUNTLED bosses have urged politicians to end their prolonged “dithering” on expanding Britain’s airports or face losing business to countries willing to allow more runways. More than a hundred corporate heads and business groups have signed the campaign to “Let Britain Fly”, which is backed by London First, the British Chambers of Commerce and the [...]