In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
Fulham FC owner Shahid Khan poised to complete £800m deal for Wembley Stadium April 26, 2018 Fulham’s billionaire American owner Shahid Khan is understood to be ready to complete an audacious purchase of Wembley Stadium without delay if English football chiefs accept a deal valued at £800m. The Football Association (FA) is weighing up the offer, which was presented to the governing body’s board on Thursday and comprises a sum up [...]
Tips from business, suppliers and buyers on getting your product noticed September 22, 2016 If there's one thing we’ve learned since Brexit, it’s that the UK’s small and medium-sized enterprises (SMEs) always have big ambitions. No one ever said it was easy. Some of Britain’s largest and most influential businesses started out with nothing but an idea. Often, the most successful had very little initial investment, but made up [...]
Jacksonville Jaguars: London’s unofficial NFL franchise, their plans to put down roots in the capital, and the threat Tottenham Hotspur pose to their British affair September 28, 2016 More than three years have passed since Mohamed Al Fayed, in a fitting coda to his eccentric reign, donned an oversized fake moustache and faced the cameras with Shahid Khan to mark the bewhiskered American sports mogul’s takeover of Fulham Football Club. It marked the second play of Pakistan-born, Florida-based Khan’s incursion into the capital’s [...]
Sunday Times Rich List 2016: Retail king Mike Ashley’s wealth declines by £1bn… and the fortunes of Britain’s fashion and retail billionaires April 24, 2016 Mike Ashley is the biggest loser in the retail billionaires club. The Sports Direct boss and Newcastle United owner's fortune shrank by more than one billion pounds last year to £2.43bn, according to the latest figures from the Sunday Times Rich List. Arcadia boss Sir Philip Green, owner of Tophsop among several fashion stores and the man who [...]
Former Harrods owner Mohamed Al Fayed sells his flash sales site to MySale May 27, 2014 Mohamed Al Fayed has sold his luxury flash sales website Cocosa for an undisclosed sum to MySale, an Australian rival backed by Philip Green that is looking to expand in the UK. The former Harrods boss bought Cocosa in 2011 after selling his world-famous store to Qatar Holdings the previous year, with the view [...]
Qatari hires veteran banker Ken Costa to board of Songbird December 11, 2014 The Qataris have brought in one of the City’s best-known rainmakers to help win control of the Canary Wharf Estate. The Qatar Holding Shareholder Group said it had appointed Ken Costa as a director of Songbird, the owner of the east London financial district, taking its representation on the board back to three. South African-born [...]
Qatari Harrods owners cash in with £118m dividend payment October 30, 2014 Luxury department store Harrods paid out a £118m dividend to its Qatari owners after making record sales of £794m in the year ended 1 February 2014, up from £716m in the previous year. The business also paid a £35.6m royalty to Harrods Corporate Management. It said the year had seen a “confirmed programme of significant [...]
Lerner ready to sell Villa and hopeful of £200m May 12, 2014 ASTON Villa owner Randy Lerner is hopeful of fetching as much as £200m for the club after officially putting them up for sale yesterday. The American, who bought Villa for £63m eight years ago and has spent around £90m net on transfer fees, said he felt it was time “to look for new leadership” for [...]
Harrods pays its directors £100m in bumper year November 4, 2013 HARRODS has paid its Qatari owners a dividend of £100m this year after turnover rose 10 per cent to £716m. According to Companies House accounts, the record figure came from increased demand for luxury items such as watches and jewellery. Despite the ringing tills, operating profits for England’s biggest department store dropped 13 per cent [...]