At the close: FTSE 100 index closes slightly down on miners November 10, 2015 The FTSE 100 fell marginally again today as miners continued to suffer losses. The blue-chip index closed the day 0.32 per cent down at 6,275 points. Tuesday's largest faller was Anglo American, which saw its share price fall 4.54 per cent to 492.22p per share. Glencore also shed 4.15 from its share price to close at 105.15 [...]
The Autumn Statement was a missed opportunity to radically rethink the role of the state November 25, 2015 We've become accustomed to scratching our heads during speeches by politicians, wondering how the policy measures announced can possibly reconcile with the language used. Yesterday was no exception, with the chancellor making seemingly endless announcements of spending increases, alongside U-turns on reforms to tax credits and cuts to police, as part of a speech designed [...]
Landscape supplier Marshalls in first half sales jump as building booms July 6, 2015 Hard landscaping manufacturer Marshalls had an 11 per cent rise in revenue for the sixth months to 30 June, up to £199m, the firm said yesterday. Sales to the public sector and commercial market were up 15 per cent compared with 2014, and represented 64 per cent of Marshalls’ total sales. Sales in the domestic [...]
Luxury yacht builder Pendennis sails into rough waters as expansion plans dent its profits August 23, 2015 Luxury yacht builder Pendennis has said that sales and profits dipped last year as it invested millions of pounds in refurbishing and expanding its shipyard in Falmouth, Cornwall. The 27-year-old company, which designs, builds and renovates superyachts for private clients, reported pre-tax profits of £2.2m in 2014 – down 12 per cent on the previous [...]
Beyond boom and bust: Interview with Herbert Smith Freehills’ UK head of corporate Ben Ward December 21, 2015 Ben Ward is not cautiously optimistic about the markets in 2016. He says that’s not positive enough – he’s really very optimistic, but insists that “sustainable growth” are his watchwords for 2016. Spoken like a true lawyer. Ward has just taken over as Herbert Smith Freehills’ (HSF) head of corporate in the UK, overseeing everything [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
City of London to buy iconic Smithfield building for £34.6m as Museum of London’s new home July 28, 2015 The City of London has agreed to buy back London's historic Smithfield Market for £34.6m, City A.M. understands. The Victorian general market site has lain empty for more than 20 years after several failed attempts to redevelop it. However, it could become the new home for the Museum of London if the sale goes through. [...]
Hartfield House: This architectural wonder is the ultimate blend of country bliss and avant-garde design June 25, 2015 When a city-dweller dreams of leaving the rat race for the country, certain stock images appear. Most likely there will be fields of golden rapeseed, sheep bleating on hillsides and church spires reaching into an overcast sky. But deep into an ancient forest in East Sussex, you’ll find a light-filled construction of glass and sandstone [...]
City Moves for 15 September 2015 | Who’s switching jobs September 14, 2015 Societe Generale Societe Generale Corporate and Investment Banking has announced two appointments in its global finance division. Alvaro Huete (pictured) becomes deputy head of global finance and head of global finance for the UK. He was previously global head of syndications and has also worked at Nomura, Banco Urquijo and Lloyds Bank. Terence Shanahan, previously [...]
Private view: On the market in St James’s this week July 9, 2015 BEAU HOUSE, SW1Y Prices start at £2m A collection of seven apartments ranging from one to three bedrooms fashionably located above Daks in Jermyn Street. Developers Dukelease and Oliver Burns say the design takes inspiration from Beau Brummell, a Regency style icon, whose statue still resides on the same street. Due for completion in 2016. [...]