Austin Reed’s creditors set to shed large sums after high street retailer’s collapse July 10, 2016 Austin Reed's creditors face big losses due to the collapse of the high street store, accounts from the administrators have revealed. Documents filed in Companies House by the administrators for Austin Reed, Alix Partners, show the company's unsecured creditors will be given £600,000 between them after the collapse of the chain. Read more: Austin Reed employees found out [...]
Insurance giant Anbang denies eyeing up £7bn takeover of InterContinental Hotels Group August 7, 2016 Chinese insurance giant Anbang has denied it is eyeing up the FTSE 100-listed hotels chain InterContinental Hotels Group (IHG) in a £7bn deal. Anbang Insurance Group had held talks with City bankers about launching a takeover bid for IHG, which owns the Holiday Inn, Crowne Plaza and Candlewood Suites brands, the Sunday Times reported. However, a spokesman for [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman recently [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman [...]
London house prices broke the £600k barrier for the first time in April, according to the latest House Price Index from Your Move and Reed Rains May 12, 2016 London house prices broke through the £600,000 barrier for the first time in April, while the value of homes in the capital has almost doubled over the past seven years. Property prices in London have risen 11 per cent (£59,605) since this time last year, surpassing all other regions of England and Wales, according to the latest House [...]
Property of the Week: This old printing factory on Epworth Street in Shoreditch has the old Home Office’s reclaimed parquet flooring July 21, 2016 For the first time in almost a decade, this unique home has gone on the market in a former Victorian printing factory in the heart of Shoreditch. It was transformed from an industrial 80s development into the light and airy family home it is today by Julie Sibley, an Ayurvedic medical practitioner who lives on [...]
A trainspotter’s paradise? This converted Great Northern railway station in Lincolnshire has gone on sale – and comes complete with a train and a section of track May 20, 2016 What do you buy the trainspotter who has everything? How about their own station? A converted Great Northern railway station in Rippingale, Lincolnshire, has been put up for sale by its owner. For £600,000, not only do you get a three-bedroom house and 1.2 acres of land – but you'll also get a section of track, and [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
Pressure grows on Tata to push ahead with sale July 4, 2016 Bidders involved in the Tata Steel sales process have urged the Indian company to continue to look for a buyer, following reports the sale will be put on hold. Tata has reportedly paused the sales process following the Brexit vote and a jump in steel prices. An industry source told City A.M.: “If this is true [...]
Should investors be buying shares in Brexit-battered housebuilders? June 29, 2016 Despite something of a recovery on the stock markets in recent days, some sectors out there are still looking pretty rough. Housebuilders are among them. So bad was the post-referendum sell-off, trading in FTSE 100 listed firms was temporarily suspended on Monday as their share prices were hit by two consecutive days of double-digit falls. [...]