Jimmy Choo owner mulls £500m sale February 6, 2011 THE OWNERS of luxury fashion brand Jimmy Choo are likely to put the firm up for sale, according to people familiar with the situation. The designer shoe-maker, which is majority owned by private equity house Towerbrook Capital, could change hands for as much as £500m. A sale was first mooted in September last year, after [...]
Hammering away at the property auction myths March 10, 2011 WITH repossessions on the rise, property auctions are a topic on everybody’s lips. While you might not be interested in a flat in Ireland, the increasing supply of homes under the hammer has certainly sparked the British public’s interest in the market. Charles Lucas, an auction expert at Chesterton & Humberts, says there are more [...]
Christie’s announces record-breaking sales of £3bn January 27, 2011 AUCTION house Christie’s notched up £3.3bn of sales in 2010 – the highest total in its 244-year history – as the art market continued to defy the global slump. It was a year of record-breaking firsts for the auctioneer, with global sales up by 53 per cent. Pablo Picasso’s Nude, Green Leaves, and Bust fetched [...]
Begbies warns over companies on the brink April 13, 2011 The number of British companies in serious financial distress soared in the first quarter with restaurants, professional services businesses and the leisure industry in particular difficulty, a report showed. Begbies Traynor, a corporate recovery company that helps wind up or restructure firms, said its Red Flag Alert database showed 186,554 UK businesses were facing significant [...]
Begbies warns over companies on the brink April 13, 2011 The number of British companies in serious financial distress soared in the first quarter with restaurants, professional services businesses and the leisure industry in particular difficulty, a report showed. Begbies Traynor, a corporate recovery company that helps wind up or restructure firms, said its Red Flag Alert database showed 186,554 UK businesses were facing significant [...]
PROPERTY NEWS February 17, 2011 BLOCK MANAGEMENT REVOLUTION A computer programme called “Blockcare”, designed to manage the administration of small apartment blocks, has been launched by managing agent Ringley Group. The software could significantly lower the fees that leaseholders are charged by traditional managing agents – up to 90 per cent over the course of a year. There is a [...]
PROPERTY NEWS February 17, 2011 BLOCK MANAGEMENT REVOLUTION A computer programme called “Blockcare”, designed to manage the administration of small apartment blocks, has been launched by managing agent Ringley Group. The software could significantly lower the fees that leaseholders are charged by traditional managing agents – up to 90 per cent over the course of a year. There is a [...]
THE TIPSTER March 6, 2011 HOUSE builder Taylor Wimpey has recently posted profits ahead of expectations despite revenues staying unchanged. This has been put down to average selling prices increasing, which is a very pleasing sign for the firm which has seen a strong uptrend in share price since last December. Although the board remains cautious about the future it [...]
TURTLES DITCH DAY JOB FOR HEDGE FUND BREAK May 18, 2011 SOME of the City’s brightest talents will hand in their notices this week to pursue potentially even more lucrative careers as hedge fund traders. Oxbridge graduate Will Jukes, 27, who trained at Ernst & Young before working at RBS and most recently as a freelance financial analyst, will be much missed by his well-known Westminster [...]
BOOTS HEAD OFFICE UP FOR SALE February 9, 2011 TWO Irish property owners have put their prized buildings on Oxford Street on the market in a sale set to raise around £250m. A syndicate of Irish investors is selling the 145-year leasehold for Sedley Place, home to the Boots head office, for around £80m, with CBRE acting as agent. Family-owned Cosgrave Property is also [...]