City Moves for 14 September 2015 | Who’s switching jobs September 13, 2015 IMPAX ASSET MANAGEMENT The specialist investment manager has appointed David Winborne as senior portfolio manager. He was previously a member of the in-house asset management team at Tesco Pension Investment. Winborne has also previously worked at Sarasin & Partners and Insight Investment Management. AVIVA INVESTORS John Osborn has been appointed real estate fund manager at [...]
First homes inside former BBC Television Centre go on sale next month – starting at £500,000 July 27, 2015 Homebuyers will be soon able to own a slice of television history, with the first 450 homes inside the former BBC Television centre set to go up for sale next month. The scenery block at the former BBC Television centre in London’s White City is eerily quiet. For over 50 years the cavernous space used [...]
Amazon’s UK sales jump by 14pc June 25, 2015 UK sales at online retailer Amazon rose 14 per cent to £5.3bn last year, as British consumers engaged in an online shopping bonanza. A filing with Companies House showed Amazon’s UK division recorded a profit of £34.4m during the period, paying out £11.9m in tax. UK sales accounted for 9.4 per cent of Amazon’s global [...]
Singapore developer Oxley buys stake in London house builder Galliard Group for £50m July 15, 2015 Singapore property developer Oxley has acquired a 20 per cent stake in Galliard, the leading London developer. Read more: London Octopus scrapped as Galliard Homes buys site The £50m investment from the Singaporean firm follows Galliard's ambitious £225m joint venture with US investment fund Cain Hoy to expand building in the capital. Galliard – London's second [...]
Champagne industry granted world heritage status by Unesco July 5, 2015 The industry behind the production of the world's most famous sparkling white wine has been given world heritage status by the United Nations' Unesco. The Paris-based organisation said yesterday that the vineyards, cellars and sale houses in the Champagne region of north east France have "cultural significance" and should be protected. Read more: Prosecco demand sees Majestic Wine profits sparkle [...]
AO World share price soars as it plugs into turnaround July 21, 2015 AO World's share price leapt five per cent as markets opened this morning, as it appears to be plugged into a turnaround, with the group reporting growth amid a challenging trading environment. The figures: Earlier in the year AO World had forecast “muted” growth for its UK business over the first quarter. In the end, [...]
Mansion House, Sainsbury and Tower Hamlets: Five charts summing up the week June 12, 2015 There were a series of huge announcements out of a black-tie dinner at Mansion House, struggling supermarkets Sainsbury said it was seeing the first signs of a revival, Labour won the Tower Hamlets mayoral election and the IMF walked out of Greek debt talks. Here are five charts summing up the week: UK will have [...]
Almacantar buys Shell Centre offices on South Bank for £550m August 3, 2015 Centre Point owner Almacantar has bought part of Canary Wharf Group and Qatari Diar’s controversial Shell Centre scheme on London’s South Bank, which faced opposition last year for obstructing views of the Houses of Parliament. The developer, which owns other landmark buildings including CAA House in the West End, has spent over £550m buying One [...]
Almacantar to Shell out £550m on iconic office August 4, 2015 CENTRE Point owner Almacantar has bought part of Canary Wharf Group and Qatari Diar’s controversial Shell Centre scheme on London’s South Bank, which faced opposition last year for obstructing views of the Houses of Parliament. The developer has spent over £550m buying One and Two Southbank Place in Waterloo, making it one of the largest [...]
House prices set to be bolstered by scant supply June 4, 2015 HOUSE prices dropped in May, one of the UK’s major mortgage providers said yesterday, but analysts expect a quick rebound. Houses lost 0.1 per cent of their value from April to May, according to figures published by Halifax. However, house prices are up 8.6 per cent compared to May 2014. Nationwide said earlier this week [...]