10 things you never knew about Elephant & Castle March 28, 2014 1 Elephant & Castle gets its name from a long-since-gone pub popular with ivory merchants in the 18th century. The area began life as two villages, Walworth and Newington, which were set among market gardens and fields. 2 Elephant & Castle used to be referred to as the “Piccadilly Circus” of South London because of [...]
House of Fraser plans London listing after Lafayette talks end January 23, 2014 HOUSE OF Fraser is planning to float on the London Stock Exchange after talks with French rival Galeries Lafayette failed to secure a sale. A source close the negotiations, said the owners of the department store chain felt they could get a better price for the company by floating on the open market. The float [...]
Green fund Trig eyes further deals as it posts in-line results February 26, 2014 THE RENEWABLES Infrastructure Group (Trig) yesterday reported in-line financials and a strong pipeline of acquisitions, in its first set of results since its flotation last summer. The green energy-focused investment fund raised £310.1m through a London initial public offering in July and a tap issue in November. It then acquired an initial portfolio of 18 [...]
Brits face steeper hotel bills overseas March 3, 2014 UK TRAVELLERS were left feeling worse off last year as rising demand and an improving economy boosted hotel prices in over half of the world’s destinations. The hotels price index (HPI), a survey by online accommodation provider Hotels.com, revealed that the average price paid by British travellers for a double room worldwide increased by three [...]
London crowned world’s most visited city in 2013 January 16, 2014 LONDON is predicted to have welcomed 16m tourists in 2013, surpassing Paris’s record of 15.9m in 2012 and crowning the capital as the most popular city to visit in the world. The number of tourists visiting London jumped 20 per cent last summer with the capital attracting 4.9m visitors between July and September, up almost [...]
Poundland shares pop on first day of trading March 12, 2014 On its first of trading, Poundland has seen its shares jumped by 17 per cent. The company's initial public offering was priced significantly above its retail items of one pound, at 300p per share, toward the higher end of the range. The price gave Europe's biggest single-price retailer a market capitalisation of £750m. There has [...]
RBS disposes of Bankside offices January 20, 2014 The Royal Bank of Scotland (RBS) has hired property consultants Cushman & Wakefield and DTZ to dispose of its largest London office campus at 2 Bankside as part of the bank’s strategy to scale back its office property portfolio. The building forms part of the Bankside development on the South Bank, which was bought in [...]
PwC to help Chinese firms move to Albert Docks business district February 4, 2014 CHINESE property developer ABP, which is set to overhaul London’s Royal Albert Docks into an Asian business district, yesterday struck a deal with PwC to help more Chinese firms settle there. PwC will offer tax, legal and accountancy support to companies coming to the UK as part of a so-called corporate “landing service” called First [...]
Just-Eat curries investor favour for £900m float March 17, 2014 JUST-EAT beefed up its boardroom yesterday with senior hires from BSkyB and Hammerson ahead of a float next month, adding to the swelling ranks of firms looking to list in London. The 13-year-old business, which was founded in Denmark by entrepreneur Jesper Buch, said BSkyB chief financial officer Andrew Griffith would join the firm as [...]
Investors in last minute dash to grab Poundland March 10, 2014 BUDGET chain Poundland will close the books on its forthcoming London float tomorrow night, with a late surge in demand meaning the offer could end up 10 times oversubscribed. The high street store has so far seen solid demand from institutional investors keen to buy shares, helping back an early decision by the firm not [...]