Hammerson reveals Croydon centre plans to rival Westfield July 26, 2012 HAMMERSON yesterday unveiled its plans for the redevelopment of Croydon’s Whitgift Centre as the battle between the property developer and Australian rival Westfield escalated. Plans to revive the 1960s shopping mall came to a halt this year after its leaseholders – Royal London Asset Management and Irish Bank Resolution – and the freehold owners – [...]
Leon banking on appetite of hungry savers July 8, 2012 HUNGRY investors in search of an investment in a falafel wrap may find solace in fast-food chain Leon’s new retail bond. Nicknamed the Leon bond, the three-year fixed-term corporate bond pays an annual coupon of between 10 to 15 per cent in £eon Pounds, depending on the amount invested, which can be redeemed at the [...]
Rapid Responses August 15, 2012 Not short changed [Re: Why Boris owes me £90,000 for Olympic damage, yesterday] I couldn’t afford to travel from Florida to go to the Olympics and enjoy all that London and Britain had to offer during that fortnight. The Games are expensive, and London isn’t cheap. However, now the big show is over, I’m inspired [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS July 1, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 20 June to Wednesday 27 June. The big media story of the week for sponsors [...]
How Olympic organisers can get shot of the West End ghost town August 1, 2012 WE’VE scared them off. Somewhere between Boris Johnson’s ominous ode to overcrowding, and TfL’s weird posters of diligent Londoners in their underwear, planning routes to work, the city’s attempts to keep moving during the Games have frightened droves of tourists into barely venturing out of the confines of the Olympic Park. If organisers don’t act [...]
Winning the US Open is only the start – now Murray wants more September 11, 2012 British No1 Andy Murray believes his US Open victory can be the catalyst for myriad Major successes and has predicted that their is more to yet come from his game. Murray yesterday became the first British male to win a grand slam title in 76 years when he beat Novak Djokovic over five sets at [...]
Luke Johnson sinks his teeth into new deal June 17, 2012 LUKE Johnson, the entrepreneur behind Italian restaurants Strada and Pizza Express, is set to buy struggling dental care chain James Hull. A source close to the deal told City A.M. that Johnson, chair of private equity firm Risk Capital Partners, is in advanced talks with the high-end dentistry firm over a takeover. The recession has [...]
Visit Malaysia for the birds, the bees and the leeches October 7, 2012 MY HERO swoops down in the nick of time. I’m perched atop a bare rock, too petrified to move when she flies to my rescue. Barely seven inches tall, the blue-winged pitta flits to the ground and within moments, her beak is filled with what look like needle-thin worms. I’ve never been happier to see [...]
Costa Coffee owner Whitbread boosts sales by 13.9 per cent June 19, 2012 Sales at hotel and restaurant group Whitbread, the owner of Costa Coffee, were up 13.9 per cent in the last quarter. Excluding new openings, like-for-like sales were up 4.5 per cent in the 13 weeks to 31 May 2012, the group said this morning. Most of the growth came from the firm’s flagship coffee chain, [...]
US corporate results round-up July 23, 2012 Slowing economy hurts McDonald’s FAST-FOOD chain McDonald’s reported lower than expected quarterly profit yesterday, hurt by a slowing global economy and the impact of a stronger dollar. The company said that net income fell 4.5 per cent to $1.35bn (£870m), and the impact of the stronger dollar ate into earnings in the latest quarter, while [...]