British Land secures 465,000 square feet of London lettings as market turns March 31, 2010 RECESSION-HIT London remains a magnet for office occupiers, property company British Land showed yesterday, after announcing 465,000 square feet of new lettings since February, hiking its occupancy to 92 per cent. The real estate investment trust said it had let 117,000 square feet at its 10 Triton Street project in London’s West End to Aegis [...]
Prudential boss set to unlock bumper £4.3m bonus despite investor unrest March 6, 2011 THE CHIEF executive of Prudential could land a performance-related bonus for last year worth up to £4.3m, despite the protests of some vocal shareholders. Britain’s biggest insurer, headed by Tidjane Thiam, is expected to announce a leap in operating profits that will land him a bumper payout. It could post an increase of almost 25 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2011 FINANCIAL TIMES EXXON CHIEF CLAIMS BP LOST TIME BP lost valuable time at the height of its devastating accident in the Gulf of Mexico last year pursuing solutions to contain the oil spill that were never going to succeed, the chief executive of ExxonMobil has claimed. In a sharp criticism of the handling of the [...]
Boston’s calling July 10, 2011 CAPE ANN: SMALL-TOWN BEAUTY MANCHESTER-by-the Sea is a little town about 30 miles north of Boston. It’s got white picket fences, a harbour, a tiny train station, two ice cream shops and an old diner called the Coffee Cup that’s recently been bought by a plucky, Italian-American mother and daughter called Christine and Kathy DeSalvo, [...]
Real estate shares surge as bid for CSC sparks appetite November 25, 2010 BRITAIN’S leading shares pushed higher yesterday, buoyed by strength in heavyweight miners and banks, and by gains from real estate issues as Capital Shopping Centres bounced on bid interest. At the close, the FTSE 100 was up 41.83 points, or 0.7 per cent, at 5,698.93, dipping back in the closing auction after hitting a late-afternoon [...]
CBI calls for land auctions to boost growth March 6, 2011 THE government should introduce “growth zones” to parts of the country that have become overly reliant on government funds in recent years, the Confederation for British Industry (CBI) said today. The group, which represents 240,000 businesses, called for de-regulation of some green belt areas, and land auctions in single areas, to stimulate growth. It said [...]
Just three weeks to go to get your entries in for the City’s best awards April 12, 2011 THERE are just three weeks left to get those entries in for City A.M.’s second awards ceremony where we will be celebrating the best of London’s financial business community and its most successful individuals and firms. Anybody present at last year’s inaugural ceremony will bear testimony to the fact that the City A.M. awards have [...]
British Land beats banks’ expectations February 9, 2010 BRITISH Land has boosted confidence in London’s “rocky” property market by delivering strong third quarter results. In the final three months of 2009 the value of the developer’s assets in the City rose by 8.2 per cent to £2.46bn and its net asset value per share by 18 per cent to 438p – substantially outperforming [...]
All change for Square Mile shopaholics October 24, 2010 SHOPPING centre One New Change opens its doors to customers on Thursday, though up to 30 per cent of the shops will not be ready for the launch. Several people close to the development have said between 70 and 90 per cent of retailers will open on Thursday, with the rest aiming to complete their [...]
Oh, we do like to be beside the seaside… May 12, 2011 DON’T let the weather-beaten face of John Fowles’ French Lieutenant’s woman staring out from the Cobb in Lyme Regis colour your perception of this seaside town. The area’s boutiques, deli food shops and sandy beaches make it as quaint as British seaside towns come. It is the sort of place that you actually want to [...]