Infinis to lure investors with £55m payout October 21, 2013 INFINIS Energy, the UK’s biggest independent wind power generator, yesterday unveiled plans to pay a healthy £55m maiden dividend to investors as part of its stock market flotation plans. The business, which is owned by Guy Hands’ private equity firm Terra Firma, is floating a third of the business on the London market next month [...]
Westfield London plans rent rises as sales continue to grow at malls August 29, 2013 RETAILERS at the Shepherd’s Bush branch of London mall Westfield are facing rent rises, after its owner posted strong sales growth for the first six months of 2013. Sales at Westfield London rose 1.9 per cent in the six months to the end of June, while sales at Westfield Stratford City – its east London cousin [...]
Sainsbury’s to open dark store to meet online demand October 13, 2013 J SAINSBURY is to open its first dark store to support fast-growing demand for its online grocery service in London and the south east. The dark store – so-called because it is not open to the public and only fulfils online orders – will open in Bromley-By-Bow, east London, within the next few years, the [...]
More businesses in the UK than ever before October 3, 2013 New data reveals that the number of businesses in the UK is now higher than ever before. Increasing by 0.9 per cent between March 2012 and 2013, the total number of businesses has passed its 2008 high. These figures come from new estimates by the Office for National Statistics (ONS). The data for the ONS' [...]
London looks to build on Islamic investment lead October 28, 2013 A GUIDING principle of the World Islamic Economic Forum is that business and trade connections can bring the Muslim and non-Muslim worlds closer – politically, culturally, and economically. Today, speakers including Lord Green, the UK’s trade and investment minister, Kamal bin Ahmed, acting chief executive of Bahrain’s Economic Development Board, and Jaguar Land Rover chief [...]
City Moves for 08 November 2013 | Who’s switching jobs November 7, 2013 Institute of Directors The Institute of Directors has announced the appointment of James Sproule as chief economist and head of policy. Sproule was most recently at Accenture, where for the past seven years he led the firm’s UK and global capital markets research, and its thought leadership programme. Prior to that, Sproule was director of research [...]
What the other papers say this morning – 24 October 2013 October 23, 2013 FINANCIAL TIMES Brevan Howard moving out of UK Brevan Howard, the world’s third-largest hedge fund, has moved most of its operations out of the UK, shifting dozens of jobs to the Channel Islands, Switzerland, Asia and the US to escape EU regulation and grow internationally. Three years after opening a satellite office in Geneva, Brevan [...]
Foresight plans to raise £200m in London listing of solar fund September 4, 2013 ALTERNATIVE asset manager Foresight plans to float its solar fund on the main market of the London Stock Exchange in a bid to raise up to £200m. It is hoping to launch the float later this month with a listing expected as soon as October. Retail investors, as well as non-specialist institutions, will be able [...]
Kitchen King lines up advisers for flotation September 8, 2013 THE OWNER of household appliances website AO.com – previously known as Appliances Online – is understood to have hired banks to work on a £300m flotation on the London Stock Exchange. John Roberts, the founder of DRL Limited, which owns AO.com, has reportedly hired Jefferies and JP Morgan to prepare the company for a listing. [...]
Number of businesses rises by 18,000 says ONS October 3, 2013 The ONS has released its figures for UK business activity, size and location for the year March 2012 to March 2013. The number of VAT and PAYE businesses is estimated to have risen by 18,000 or 0.9 per cent. This represents a slower growth as compared to the 1.8 per cent rise or 37,000 seen [...]