Tidal chief executive is out: Peter Tonstad exits as boss of Jay Z’s music streaming service June 23, 2015 The boss of Jay Z's fledgling music streaming service has left after less than three months in charge. The company which was launched by the music superstar in March with backing from fellow musicians such as Kanye West and Daft Punk, said Peter Tonstad was stepping down as interim chief executive in a statement. "Current executives [...]
CMC Markets to join rock ‘n’ roll royalty in The Sanctum Soho Hotel for 25th birthday October 7, 2014 The City doesn’t have a reputation for being overly rock ‘n’ roll, but it seems that Peter Cruddas’ CMC Markets has developed a penchant for one of London’s edgier hangouts – The Sanctum Soho Hotel – and it’s celebrating its 25th birthday there tomorrow night. The hotel is part-owned by the managers of Iron Maiden, [...]
Richard Caring toasts a rise in sales at his restaurant empire June 28, 2015 Richard Caring’s collection of restaurants and nightclubs recorded a rise in sales in 2013. His company, Caprice Holdings, which includes some of London’s most celebrated eateries in the Ivy, Le Caprice, Scott’s and J Sheekey, saw sales rise three per cent to £53.3m in 2013. Its sister company Mark Birley Holdings, which owns Harry’s Bar, [...]
The Lanesborough to reopen in July after 18 month revamp under new owners Abu Dhabi Investment Authority June 23, 2015 London’s luxury hotel The Lanesborough is set to reopen its doors next month for the first time in 18 months after its Abu Dhabi owners splashed out on a multi-million pound makeover. The historic hotel – which overlooks Hyde Park corner and Buckingham Palace gardens – accommodated politicians, royalty and even disgraced financier Bernie Madoff [...]
Arm Holdings share price jumps as revenues rise 22 per cent April 21, 2015 The figures One of the darlings of the UK's tech scene has reported revenues up 22 per cent to £227.5m in the first quarter, as sales in the phones its chips power jumped. Arm Holdings, which licenses its chip designs to the likes of Apple and Samsung, said pre-tax profits had jumped 24 per cent [...]
Apple is ready to face rivals in music streaming market June 16, 2015 Apple’s announcement that it is to enter the music streaming industry points towards the way we will access music in the years ahead. But how will it fit into the sector, and what does it mean for those brands already occupying that space? Spotify is the major presence in the market at present. It has [...]
Acton, Earls Court, Old Oak Common and Nine Elms: These are London’s next 10 housebuilding hotspots October 7, 2015 The capital's supply of homes for sale – both new-builds and people putting their previously-loved properties on the market – continues to be pathetically low. But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions. Knight Frank's Global Development Report highlights the areas where the biggest [...]
Best of the Brokers for 27 April 2015 April 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TATE & LYLE Canaccord Genuity reiterated its “buy” rating for the UK multinational food producer. The broker said simplification and greater balance towards higher quality speciality food ingredients should be reflected in improved earnings, and also makes the firm a more attractive potential [...]
Theatre review: Bradley Cooper’s physical performance is a little too good in The Elephant Man June 5, 2015 Theatre Royal Haymarket | ★★☆☆☆ Bradley Cooper’s performance in The Elephant Man is an impressive feat of physical acting that’s a little too good for a largely uninspired play. In one of the few genuinely innovative scenes, we first see Cooper as a near-naked, barrel-chested vision of human perfection. As Joseph Merrick’s many [...]
Cowes Week Diary: Rugby stars and royalty set to collide in Artemis Challenge August 5, 2014 IT HAS been almost 20 years since my retirement from international rugby, and although I miss playing the game I’ve been fortunate enough to attend some of the greatest sporting events on earth since, so it’s certainly far from being bad. One of those has to be Aberdeen Asset Management Cowes Week, and for four [...]