Evans Cycles owner ECI Partners applying the brake after slowdown in bike sales July 19, 2016 Evans Cycles is in talks with banks to overhaul its financing arrangements following industry-wide fears the bicycle market is peaking. The cycling chain, which is owned by private equity group ECI Partners, has initiated discussions with its lenders after a slowdown in UK bike sales, Sky News first reported. Crawley-based Evans Cycles has 63 stores [...]
Punctured biking market prompts Evans Cycles owner to pump up investment August 14, 2016 Punctured sales in the UK's "difficult" bike market have prompted Evans Cycles' majority shareholder to pump more cash into the chain. ECI Partners, which bought Evans in a deal last year for an undisclosed sum, has "invested additional funds" into April Topco, the company through which it owns Evans, to cut bank debts and provide additional liquidity. [...]
Herzog & de Meuron’s Canary Wharf tower given go-ahead July 28, 2015 Fancy living in a cylindrical waterfront tower? Soon homebuyers will be able to do just that after Canary Wharf Group secured detailed planning permission for its second residential scheme on the former Wood Wharf site. The 57-storey building, which is yet to be named, owes its quirky design to Swiss architects Herzog & de Meuron, [...]
Center Parcs to launch its first village outside of the UK July 27, 2016 Activity holiday group Center Parcs is gearing up to launch its first site outside of the UK in 2019. Center Parcs has gained planning permission for its 395-acre "village" in County Longford, Ireland. It will have a capacity for up to 2,500 guests and is expected to generate 750 jobs during construction and provide 1,000 permanent jobs once it [...]
The death of the commute? Buyers queue round the block for first-ever Canary Wharf flats July 10, 2015 It seems the workers of Canary Wharf can't wait to do away with their daily commute, after more than 100 queued up overnight to get their hands on some of the first apartments to go on sale in the district. Read more: As first homes go on sale at Canary Wharf, is this the death of [...]
Canary Wharf tower given the go-ahead July 28, 2015 Canary Wharf Group has secured detailed planning permission for its second residential scheme on the former Wood Wharf site. The 57-storey building, to the east of the financial district, will have 468 apartments ranging from studios to large three bedroom homes.
Yee-haw! Canary Wharf Group has a ride ‘em cowboy Christmas at the East Wintergarden December 7, 2014 Canary Wharf Group may have escaped the lasso of the Qatar Investment Authority and its American side-kick Brookfield Property Partners last week, but that won’t stop its staff wielding their own lassos this December – The Capitalist hears the group’s Christmas party has a cowboy theme. The festive do, some time in the next few [...]
City Airport expansion is a boost for London July 28, 2016 Recent political events have thrown any decision on UK airport expansion further into doubt. Even before the referendum and subsequent resignation of David Cameron, it was tough to pin down exactly what the government was minded to do about the pressing need to expand capacity in the south east. Throughout the debate (which looks set [...]
UK fintech startups are more attractive than ever post-Brexit, one investor claims July 10, 2016 A major tech investor has said it's likely to become more aggressive in its UK investments following the Brexit vote, while funds based outside the UK will find investing in startups based here more attractive. Anthemis, which has invested in fintech firms such as Azimo, eToro and Currency Cloud as well as challenger bank Atom, holds most of [...]
Identity of Canary Wharf’s resident seal revealed August 21, 2015 Just last week we asked our readers to settle the debate over the identity of Canary Wharf’s resident seal. Now, senior fisheries inspector at Billingsgate Market Barry O’Toole has exclusively revealed that the notorious marine mammal, who lives underneath the market and is fed the freshest salmon in London by resident fishmongers, is called neither [...]