Gifts with a sense of history November 22, 2010 IT’S no coincidence that the recession has overlapped with a surge in the popularity of all things old fashioned. If our confidence in a bold, sparkling future has faltered, our interest in the aesthetics of the past – and the values of quality, provenance and craftsmanship that go with it – has rocketed upwards. 1940s-themed [...]
Bidders circle British Land’s Broadgate August 18, 2009 BRITISH Land yesterday revealed it had been approached by several buyers interested in snapping up a 50 per cent stake in Broadgate, its iconic City development. US private equity group Blackstone has been tipped to beat rivals to a share of the 16 office buildings close to Liverpool Street Station. Yesterday finance director Graham Roberts [...]
Fixed income drives UBS to robust profits May 4, 2010 SWISS banking giant UBS yesterday went some way towards putting to rest stubborn fears over its financial health, smashing City expectations with its strongest set of profits in three years. UBS – which took a mighty hammering in recent years from the financial crisis, heavy withdrawals and a bitter US tax fraud investigation – posted [...]
House prices fall further as demand dips August 30, 2010 BRITISH house prices suffered their biggest fall since April 2009 this month, declining by 0.3 per cent, property data company Hometrack said yesterday in its monthly survey of estate agents and surveyors. August is traditionally a weak month for British house prices, with many buyers on holiday, and Hometrack’s data are not seasonally adjusted. Nonetheless [...]
Eco-dazzle at Paris Motor Show October 12, 2010 Two key trends revealed themselves at this year’s Paris Motor Show. First, while the carmakers have showed eco concepts for years, this year was the first Paris Show where so many production versions of hybrid and electric cars were launched. Second, the sports and supercar brands proved that they too have a place in this [...]
CITY MOVES | WHO’S SWITCHING JOBS May 3, 2010 Metric Property Investments Metric – set up by ex-British Land executives Andrew Jones (pictured), Valentine Beresford and Mark Stirling – has appointed three high-flyers following its £190m float on the LSE. William Evers, a former associate director at LaSalle, has joined as an investment executive. Juliana Weiss Dalton becomes head of investor relations and corporate [...]
Poor performance among miners pushes FTSE down April 7, 2010 WEAKER miners and energy stocks, weighed by falling commodity prices, outweighed gains in defensive tobacco firms and drugmakers to drag Britain’s top share index down 0.3 per cent by the close yesterday. The FTSE 100 index ended 18.29 points lower at 5,762.06. Volume was thin as many traders extended their Easter holidays, with just 74 [...]
The anti-business secretary September 22, 2010 It sounded like a speech from the opposition. Not a member of the government. He is secretary of state for business. This is exactly the sort of talk that frightens away foreign investment. Lord Myners, former Labour City minister He obviously feels he needs to pander to the more socialist elements among the Lib Dems. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 16, 2010 FINANCIAL TIMES VODAFONE BALKS AT BEING FORCED SELLER Vodafone’s chief executive has warned that he will not be “forced” into selling the UK group’s minority stakes in four mobile phone operators. Vittorio Colao insisted that the sale this month of Vodafone’s 3.2 per cent stake in China Mobile for £4.3bn ($6.7bn) was not done in [...]
Andrew Jones to list new firm March 7, 2010 Former British Land retail boss and board director Andrew Jones is planning to list new property company Metric Property on the London Stock Exchange with an estimated fundraising of more than £150m.