Aena IPO: Spanish market set for takeoff with Luton airport owner’s float February 10, 2015 Luton airport's Spanish owner Aena priced its looming stock market blockbuster at the top of the range yesterday – underscoring a burgeoning confidence among investors and dealmakers about Spain’s rejuvenated capital markets and economy. Aena, which will sell shares for €58 a piece to value the group at €8.7bn, has covered its books five times [...]
London’s first Four Seasons residences to open in the City October 20, 2014 Do you ever walk through certain parts of London and think that there’s just too much to look at? Between Tower Bridge, the Tower of London, and the skyscrapers of the City of London, it’s easy to overlook a couple of astounding pieces of architecture in Tower Hill. Ten Trinity Square in Trinity Square Gardens [...]
How to position your portfolio for the coming base rate hike – Investment Comment August 12, 2014 Hamlet wasn’t talking about the next move for interest rates when he said, “if it be not now, yet it will come – the readiness is all.” But the advice is sound. Although today’s quarterly inflation report may reveal some clues, we still don’t know when the first hike in UK base rates will [...]
Pay graduates NOT to come to London, says ex-Goldman banker October 14, 2014 Chair of the RSA growth commission and former Goldman Sachs banker Jim O’Neill has called for “golden handcuffs” to keep students in towns and cities where they study and prevent them from moving to London when they graduate. The plan calls for local business groups to offer students financial incentives to stay put, including paying [...]
Challenger bank Aldermore says IPO will still happen as lending lifts November 10, 2014 Challenger bank Aldermore, which pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 per cent in the third quarter, taking it to a 30 per cent increase since the beginning of 2014. This helped lift third quarter pre-tax profit [...]
Challenger bank Aldermore posts third quarter results: Sees lending, profit increase November 10, 2014 Challenger bank Aldermore, who pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 percent in the third quarter, taking it to a 30 percent increase since the beginning of 2014. This helped lift third quarter pretax profit to almost [...]
Great Portland to start £500m building spree November 13, 2014 WEST End developer Great Portland Estates (GPE) said yesterday it would splurge £500m on its development pipeline as it looked to take advantage of London’s booming office market. The FTSE 250 property firm beat analyst expectations as it posted an 11.8 per cent rise in net asset value per share to 636p in the six [...]
Plot your watch shop route November 6, 2014 If some nifty wristgear features in your beloved’s letter to Father Christmas, you need to plan your shopping expedition with appropriate precision – easy thanks to London’s bulging watch-retail scene The Square Mile The Royal Exchange, Bank Probably the UK’s most luxurious shopping mall, REX has become a mini-hotspot of horology, thanks to the recent [...]
Christmas countdown: The best shopping destinations in London, from Tiffany’s on Old Bond St to the Hyper Japan market at Olympia November 11, 2014 London is renowned as one of the great shopping centres of the world, a constantly evolving playground for anyone with money to spend and time to spend it. Whether you’re looking for hip new openings – like those from Bally, Richard James and Hackett – or stalwarts that are guaranteed to come up with [...]
TalkTalk and WPP pull index off Friday’s high – London Report October 27, 2015 A fall in advertising group WPP, while TalkTalk’s losses worsened in the wake of a cyber attack, weighed yesterday on the FTSE 100 as it slipped off two-month highs. The blue-chip index ended 0.4 per cent lower at 6,417.02 points, having risen 1.1 per cent on Friday to its highest level in two months. Commodity [...]