First dip in net mortgage lending since counting began, say banks June 27, 2012 NET MORTGAGE lending fell in May for the first time since the British Banking Association (BBA) began measuring the figure in 1997, the financial sector industry group said yesterday. With capital repayments outpacing stable gross lending, net mortgage lending dipped by £73m from April. And mortgage approvals fell 3.4 per cent in the year to [...]
Capco secures £70m financing deal ahead of Olympic summer May 15, 2012 CAPITAL & COUNTIES said yesterday it has secured a £70m credit facility from its lenders BNP Paribas and HSBC, as the property specialist continued to make good progress on its major schemes at Covent Garden and Earls Court. The five-year revolving credit facility, which has been secured against some of the company’s Covent Garden assets, [...]
Booker bullish as beats slump May 24, 2012 BOOKER Group, Britain’s biggest cash and carry wholesaler, said it remains on course to meet its expectations for the year despite a challenging economy as it posted a 27 per cent rise in full-year profit. The company, which has over 170 branches that supply convenience stores, restaurants, pubs, schools and prisons, said pre-tax profits increased [...]
Booker bullish as beats slump May 24, 2012 BOOKER Group, Britain’s biggest cash and carry wholesaler, said it remains on course to meet its expectations for the year despite a challenging economy as it posted a 27 per cent rise in full-year profit. The company, which has over 170 branches that supply convenience stores, restaurants, pubs, schools and prisons, said pre-tax profits increased [...]
Heart of Glass July 5, 2012 AFTER A 12-YEAR WAIT, Londoners were finally given a preview of the 360-degree panorama from the 72nd floor of the Shard yesterday, at a formal ceremony marking its external completion. The 95-storey tower designed by Italian architect Renzo Piano has had to overcome major planning battles, fierce criticism and a fractious ownership since it was [...]
North Road is a Scandinavian joy July 2, 2012 RESTAURANT NORTH ROAD 69-73 St John St, EC1M 4AN Tel: 020 3217 0033 FOOD **** SERVICE **** ATMOSPHERE **** Cost per person without wine: £75 Scandinavia is having quite a moment. We watch its TV shows, we wear its jumpers, we buy its furniture (while hoping people won’t notice it came flat-packed in a cardboard [...]
Get on the starting grid for charity night May 28, 2012 City A.M.is offering readers the chance to win a pair of VIP tickets to a fundraising dinner at Boisdale restaurant in Canary Wharf. The event takes place on Monday week, 11 June, and marks the opening of Motorexpo, the UK’s largest free to enter motor show. All you have to do to enter the draw [...]
Utah: America’s secret scenic wonderland October 1, 2012 Touching down at Las Vegas airport at 9pm, we made a classic mistake. Predicting we’d be fine to drive the two-hour journey to our hotel after a refreshing Diet Coke and a few rounds of Blackjack at the Mandalay Bay, we didn’t expect to find ourselves deliriously sleep-deprived, jetlagged to the max and sans sat-nav, journeying [...]
Utah: America’s secret scenic wonderland October 1, 2012 Touching down at Las Vegas airport at 9pm, we made a classic mistake. Predicting we’d be fine to drive the two-hour journey to our hotel after a refreshing Diet Coke and a few rounds of Blackjack at the Mandalay Bay, we didn’t expect to find ourselves deliriously sleep-deprived, jetlagged to the max and sans sat-nav, journeying [...]
Mitchells & Butlers profits fall May 18, 2012 Restaurant and pub group Mitchells & Butlers has reported a dip in profits as the rising cost of food and fuel undermined rising revenues. The owner of chains including Harvester, All Bar One and O’Neills, which earlier this year faced a shareholder revolt over management and ownership issues, gave scant details on its search for [...]