London & Stamford in merger talks November 6, 2012 LONDON & STAMFORD, the property firm run by industry veterans Patrick Vaughan and Raymond Mould, is to merge with retail landlord Metric Property Investments. The pair yesterday said talks were “in advanced discussions” which, if successful, will lead to London & Stamford’s shareholders owning a 75 per cent share of the enlarged company and Metric [...]
London & Stamford in merger talks November 6, 2012 LONDON & STAMFORD, the property firm run by industry veterans Patrick Vaughan and Raymond Mould, is to merge with retail landlord Metric Property Investments. The pair yesterday said talks were “in advanced discussions” which, if successful, will lead to London & Stamford’s shareholders owning a 75 per cent share of the enlarged company and Metric [...]
FTSE 100 flat on US budget uncertainty December 4, 2012 The FTSE 100 was broadly flat in early trading as uncertainty continued over the fate of US budget talks to avert January’s so-called “fiscal cliff”. The White House has dismissed a budget deal proposal from congressional Republicans that included tax reforms and spending cuts, saying it did not meet President Barack Obama’s pledge to raise [...]
Banks aren’t rewarding failure – but restrictions on bonuses could go too far January 30, 2013 WITH the predictability of “snowflake causes chaos” stories, we are entering the annual banker bonus furore season. With the economy in doldrums, and the industry in the doghouse, it is easy to understand the concern. Top bankers have themselves said that pay has been “grotesque.” But just as predictable as the outrage is a lack [...]
High street hit by most empty lots ever seen November 18, 2012 THE number of empty shops in the UK rose to an all-time high in October, data revealed this morning, as shoppers deserted the high street. Town centre vacancies made up 11.3 per cent of properties during last month, the data from the British Retail Consortium (BRC) and Springboard showed – the highest fraction on record. [...]
High street hit by most empty lots ever seen November 18, 2012 THE number of empty shops in the UK rose to an all-time high in October, data revealed this morning, as shoppers deserted the high street. Town centre vacancies made up 11.3 per cent of properties during last month, the data from the British Retail Consortium (BRC) and Springboard showed – the highest fraction on record. [...]
Bashing City bankers has unintended consequences for middle England December 12, 2012 I HOPE, dear CityA.M. reader, that you occasionally manage to unchain yourself from your desk, rip yourself away from the trading floor, and escape from the shadows of the towers of Canary Wharf and the Square Mile. Because – and I hope this won’t come as a total shock to you – there is a [...]
London retailers unhappy over Olympics confusion September 12, 2011 RETAILERS have been left in the dark over transport plans in London during next summer’s Olympic Games, with a leading industry body urging Mayor Boris Johnson to shed some light on the authorities’ arrangements. “Retailers are being encouraged to put plans in place for next summer but that’s difficult to do without a full picture [...]
Popular West End lifts profits at Shaftesbury November 29, 2012 SHAFTESBURY’s fortress of West End properties helped the landlord post a glowing set of full year results yesterday, in what it called an “exceptionally” busy year for London. The FTSE 250 company’s net asset value rose by 7.6 per cent to 498p a share in the year to 30 September, driven by a boost in [...]
Osborne bashes banks February 3, 2013 THE GOVERNMENT is undermining banks’ stability and hitting lending to businesses and households by threatening to break up the institutions, banks warned last night. Chancellor George Osborne will today announce his plan to electrify the ring fence that will sit between banks’ retail and investment operations. Under the proposal, banks that try to dodge this [...]