What the other papers say this morning – 10 March 2014 March 10, 2014 FINANCIAL TIMES Spotify’s credit line hints at IPO Spotify has secured a $200m credit facility from lenders including Morgan Stanley, bringing the Swedish music company a step closer to a potential initial public offering in the US, according to people close to the deal. The Stockholm start-up, which last year sold equity that implied a [...]
Central London keeps top spot in commercial property market September 6, 2012 CENTRAL London held onto its mantle as the-top performing commercial property area last month. Overall, commercial property across the UK saw total returns of 0.2 per cent in August – mirroring July’s performance –, but central London pipped all other regions with a 0.5 per cent total return, according to CBRE’s latest monthly index. Year-to-date, [...]
FTSE buoyed as Draghi speech reverses trend – London Report November 17, 2014 BRITAIN’S top share index turned positive late yesterday after European Central Bank president Mario Draghi said unconventional monetary policy measures could include buying sovereign bonds. Draghi also told the European Parliament the ECB will continue to do “whatever it takes” within its mandate to save the euro and that the single currency was irreversible. The [...]
Genel founders on the verge of £100m payout January 12, 2014 NAT ROTHSCHILD and five other founders of Genel Energy are edging closer to receiving a bumper bonus payout, if shares continue to reach record highs. The billionaire financier and other founders – who include former BP chief Tony Hayward – will receive around £100m in total, if shares in the Kurdistan-focused oil explorer close higher [...]
Business of the year September 16, 2013 There’s been some really first-rate performances from some of the nation’s kargest and best known companies this year, making choosing a winner exceptionally hard. The most surprising entrant perhaps is Ocado, since many in the City had written the internet grocer off after its share listing. Thomas Cook is in there because in 2013 it [...]
International money bolsters central London property boom August 27, 2012 INTERNATIONAL cash is flooding into the London property market, as foreign buyers capitalise on weak sterling, a report released today by Cluttons claims. The property consultants predict a 3.2 per cent annual increase in prime central London house prices, driven by cash buyers – in turn driven by the weak pound. Compared to the 2007 [...]
The week in brief February 9, 2014 McVitie’s in “family of brands” £12m relaunch United Biscuits has announced a relaunch of its McVitie’s brand, unveiling a £12m multi-media advertising campaign as part of its efforts to accelerate growth for its sweet biscuits category. The food group will introduce updated packaging as part of the campaign, which begun last week with the broadcast [...]
The veteran who is back doing deals | City A.M. October 7, 2013 Mike Slade speaks to Kasmira Jefford as he nears 30 years at the helm of property company Helical Bar MY INTERVIEWEE is twenty minutes late when he arrives for our meeting at Helical Bar’s headquarters, tucked away in a quiet street off Mayfair’s Berkeley square. Mike Slade, a tall 67-year-old sweeps in, all apologies (“Darling, [...]
The veteran who is back doing deals October 6, 2013 Mike Slade speaks to Kasmira Jefford as he nears 30 years at the helm of property company Helical Bar MY INTERVIEWEE is twenty minutes late when he arrives for our meeting at Helical Bar’s headquarters, tucked away in a quiet street off Mayfair’s Berkeley square. Mike Slade, a tall 67-year-old sweeps in, all apologies (“Darling, [...]
Monetary Policy: Why 2014 should be a turning point for western economies January 5, 2014 SINCE the 1970s, years ending with a 4 have seen turning points in the global economy and had a particular significance for central bankers. This year is the fortieth anniversary of 1974. This was the most turbulent post-war year for the major western economies before the global financial crisis. The first recession in the global [...]