Most of London’s mansion tax properties are flats October 2, 2014 Three quarters of London properties which would fall into the so-called “mansion tax” bracket are flats or terraced houses, according to Knight Frank figures. The property consultants analysed sales data to see what type of “mansions” would fall into the £2m plus category Labour leader Ed Miliband would target if his party came to power. [...]
Quindell share price falls as chairman Rob Terry mulls break-up to unlock value October 13, 2014 Quindell’s chairman Rob Terry would consider demerging or selling parts of the business if it remained undervalued by the market. “The whole business as a public entity is undervalued because it’s trading on two times [enterprise value to earnings before interest, taxes and amortisation] when the index average is way higher,” Terry told City A.M. [...]
Dr Martens profits take big stride forward September 14, 2014 BRITISH footwear brand Dr Martens has posted a leap in sales and profits in its first year since being bought out by private equity firm Permira. Revenues rose by 30 per cent to £209m in the year to March, as the retailer increased the number of shops from 13 to 41 across the US, Europe [...]
Business minister Matthew Hancock’s fury over Airbnb crackdown by Westminster council November 20, 2014 Business minister Matthew Hancock accused Westminster council last night of “over-zealously” clamping down on holiday rental sites, after it emerged that the Tory authority has been tracking down Airbnb users in the borough and taking enforcement action against them. The discovery comes as the government prepares plans to sweep away the legislation that bans [...]
CES 2015: The good, the bad and the ugly – from QuitBit’s novelty lighter to Sony’s Walkman reboot January 7, 2015 The Consumer Electronics Show in Las Vegas is in full swing and the gadgets on display are as wacky as ever. Here are a selection of our favourites so far… Sony's tiny Action Cam FDR-X1000V SONY FDR-X100V CAMCORDER £TBC sony.co.uk Usefulness: ★★★★☆ Novelty value: ★★★☆☆ Sony is pulling out all the stops to make up [...]
Connecting talent: ING Discerning Eye Exhibition opens at The Mall Galleries November 12, 2014 The work of budding artists from around the UK hangs alongside that of internationally recognised names at this year’s ING Discerning Eye Exhibition, which opens to the public today. The exhibition at The Mall Galleries in SW1 comprises six separate sections, each assembled by a prominent figure from the art world. To [...]
Foxtons share price plummets as it issues profit warning on cooling London house prices October 23, 2014 What a difference a year makes. Just over a year after its massively oversubscribed IPO, shares in Foxtons have plummeted more than 16 per cent after it issued a profit warning saying "constrained" growth in London's housing market is likely to hit volumes in its second half. The upmarket estate agent, known for its trendy, [...]
The Quindell share price fiasco should not dent faith in the robust Aim market December 9, 2014 The AIM market, the London Stock Exchange’s junior market, has been subjected to an unprecedented level of criticism over recent weeks. The fiasco at Quindell, which saw another twist this week, as the company called in PwC to review its accounting practices, has seen blame apportioned to Aim itself, and those who regulate it. In [...]
Trophy deals help fuel profits at Knight Frank September 28, 2014 SECURING trophy buildings for cash-rich investors helped Knight Frank deliver record sales and profits last year, the property agency said today. The firm, which is owned by its partners and operates 335 offices in 52 countries, saw profits jumped by 33 per cent in the year to £136.6m in the year to 31 March compared [...]
Don’t believe Labour’s scare tactics: Free trade is good for British workers January 12, 2015 This week, our Prime Minister will meet with Barack Obama at the White House. Margaret Thatcher used to say fondly that she could “smell the freedom” in America. And doesn’t the country’s economy prove it? The US is still a jobs juggernaut: the largest standalone economy on Planet Earth. We owe it to our children [...]