Any other business – 02/10 October 1, 2013 Hines’ Cannon Place in the City may have taken more than two years to woo its first tenant but the office block was last night given the glitzy award of the “best commercial workplace” in the country at the British Council for Offices (BCO) National Awards. Meanwhile, Jimmy Choo’s new headquarters at 123 Victoria – [...]
Lloyds Bank private equity arm in the frame for Silverstone stake August 27, 2013 THE HOME of British motor racing Silverstone is nearing a landmark deal that could herald Lloyds Banking Group’s private equity arm investing in the legendary site. Silverstone Circuits, which promotes events at the Formula One and Moto GP racetrack, is understood to be in talks with Lloyds private equity arm LDC to take an investment [...]
City Moves for 31 October 2013 | Who’s switching jobs October 30, 2013 European Wealth The wealth management business has announced the hire of Martin O’Grady as an associate director in its investment management division. He was most recently at Barclays, where he was a member of its UK and Ireland high net worth team. PwC The professional services firm has made two appointments to its energy and low [...]
Construction firm Wates hires BAE’s Davies as new chief exec September 23, 2013 BRITISH construction firm Wates yesterday said it has hired BAE Systems’ Andrew Davies as its new chief executive, after Paul Drechsler decided to step down after nearly 10 years in the role. Davies is currently managing director of aerospace group BAE Systems’ maritime business and previously held roles including group strategy director and managing director [...]
DMGT sells its print works site to British Land June 27, 2012 THE DAILY MAIL & General Trust (DMGT) said yesterday it has sold its printing works site at London’s Canada Water to British Land for an undisclosed sum. Analysts estimate the Daily Mail owner to have pocketed around £12m to £14m for the site. The deal will see British Land acquire the newspaper group’s freehold and [...]
Letters to the editor – 16/08 – Land prices, A-levels, Best of Twitter August 15, 2013 Land prices [Re: UK needs to stop deliberately inflating residential land prices, yesterday] A study on Hong Kong showed that, even in that extreme example, a substantial share of house prices is explained by building restrictions, not a genuine shortage of land. Physical scarcity of land is mostly a theoretical possibility. There are hardly any [...]
UK needs to stop deliberately inflating residential land prices August 25, 2013 MY column yesterday revealing that the French are building three times more homes than the British every year – an astonishing fact which highlights the gravity of our housing supply crisis – elicited a number of typical counter-arguments. The most common was that the French have plenty of land, and we don’t, so it isn’t [...]
Mike Ashley finally lands bonus after shareholder backlash July 2, 2014 Sports Direct founder Mike Ashley has been awarded a bonus after 60 per cent of shareholders approved plans to let Mr Ashley share in a bonus scheme of up to £200m between the retailer's employees and management. However, 40 per cent of shareholders opposed the move, which was the company's third attempt in two years [...]
Hotel focus: Oitavos, Portugal November 3, 2013 TRAVEL writing tradition dictates that a property sitting amid mountains, forestry or, in this case, the windswept dunes of Portugal’s Atlantic coast, should be described as “nestled” among its surroundings. Not the Oitavos Hotel though. The five-star hotel near Lisbon looks like it has crash landed in the sand and grasses – a tower of [...]
Best of the Brokers January 30, 2013 WPP Jefferies upgraded the world’s biggest advertising group from a “hold” to a “buy” yesterday, saying that the outlook for 2013 is encouraging, even in a cyclically poor year. “With expectations low, we see upside risk,” the bank said, adding that after a period of acquisitions in 2012, WPP is more likely to use cash [...]