The man putting new power into Battersea Station April 7, 2014 Rob Tincknell talks to Kasmira Jefford about British buyers and a new breed of nesters ROB TINCKNELL is leading the way up a flight of steps to the roof of Battersea Power Station’s marketing suite. “We have got to be really quiet,” he whispers, as he opens the door onto the terrace and points to [...]
London Report: Inflation data to show economy improving in UK February 16, 2014 INFLATION figures due out tomorrow are expected to show further signs of improvement for the UK’s economic recovery. With the cost of living down, consumer prices inflation (CPI) may now be below two per cent. Jonathan Loynes, of Capital Economics said: “CPI inflation looks set to fall below the two per cent target in January [...]
Swoop for debt firm heralds pay day for founder February 10, 2014 A DEBT collection agency founded in a living room in Wimbledon was sold yesterday to a JC Flowers-backed business for £295m, netting its founder about £25m. Marlin Financial, which was founded 12 years ago by entrepreneur Martin Dunphy, was sold to JC-backed Cabot Credit Management after a deal was struck over the weekend. The acquisition [...]
STJ Advisors sees profits fall but looks forward to better times January 8, 2014 SPECIALIST equity capital market adviser STJ Advisors saw a drop in profits from £2.9m to £2.3m in the year to the end of March 2013, according to documents filed yesterday at Companies House. The niche firm, which advised the Royal Mail Group during the initial stages of its privatisation last year (helping it to choose [...]
London Report: Retailers set to reveal scale of 2013 hangover January 5, 2014 RETAIL figures due this week will reveal whether Britain’s major brands are going into the New Year with a Christmas hangover. Marks & Spencer and Tesco are both set to report on Thursday, and J Sainsbury on Wednesday, with figures likely to show retailers faced a dismal festive season. Debenhams has already set the tone, [...]
UK shoemaker pumped up by sole investor January 20, 2014 HOTTER Shoes, the UK’s biggest shoe manufacturer, has been sold to Electra Private Equity in a £200m deal giving buyout house control of the company. The 55-year-old business, captained by founder Stewart Houlgrave, has been owned by rival private equity firm Gresham since 2007, expanding from five to 56 stores during that time. Listed fund [...]
Osborne’s great British sell-off January 7, 2014 MEMBERS of the public and businesses will today be offered the chance to buy government land and property on the open market, a landmark change designed to raise money for Treasury coffers and free up space to build new homes. The scheme, announced today by chief secretary to the Treasury Danny Alexander, will see a [...]
It’s about time for a spring clean April 16, 2014 Your watch is probably long overdue a service – and what better time of the year to do so? Allow the watchmakers at Wempe to explain VENTURE down the stairs at Breitling or Vacheron Constantin’s shiny new boutiques on Bond Street, or simply browse the windows of David M Robinson in Canary Wharf’s subterranean Jubilee [...]
From forlorn flats to towering success January 30, 2014 One Commercial Street is the residential project proving London’s back in business OF ALL the new towers cropping up around the UK, an ambitious development, abandoned during the financial crash, is proving that London can bounce back from a crisis. Developer Redrow London now has high hopes for its flagship project, One Commercial Street, in [...]
Pearson trading warning sees biggest share dive since 2002 January 23, 2014 UK-based education and publishing company Pearson said that it is still facing tough trading this year. Shares in the FT publisher have fallen seven per cent this morning – the worst daily slide since 2002. They’re currently down 7.5 per cent at £1.22p. Operating profit was approximately £865m before restructuring charges, said the company. Net [...]