ROUX BUSY EXPANDING WHITEHALL WAISTLINES October 26, 2010 IT’S been a busy few months for master chef Michel Roux Jr, splitting his time between fostering his burgeoning TV career and appointing a new chef for his latest venture, Roux at Parliament Square. In addition to his ongoing judge’s spot on Masterchef, Roux has also been busy filming a series set to hit our [...]
ROUX BUSY EXPANDING WHITEHALL WAISTLINES October 26, 2010 IT’S been a busy few months for master chef Michel Roux Jr, splitting his time between fostering his burgeoning TV career and appointing a new chef for his latest venture, Roux at Parliament Square. In addition to his ongoing judge’s spot on Masterchef, Roux has also been busy filming a series set to hit our [...]
CITY SKYSCRAPERS UNDER CONSTRUCTION July 25, 2010 20 Fenchurch Street The Walkie Talkie Developer Land Securities Predicted completion 2014 Estimated construction cost £300m Size 500 feet high; 639,000 square feet of space 122 Leadenhall St The Cheesegrater Developer British Land Predicted completion at least 2012 Cost £286m Size 736 feet high; 612,000 square feet of space 22 Bishopsgate The Pinnacle Developer Arab [...]
City regulator takes up new office space in Canary Wharf January 17, 2010 THE Financial Services Authority (FSA), which the Conservatives are planning to axe if they win the next election, is continuing to expand. Canary Wharf Group has revealed that the FSA has taken new leases on two floors in One Canada Square. The regulator currently occupies a neighbouring building, 25 North Colonnade, but is now renting [...]
FINANCE BOSS SAYS SORRY FOR HITLER GAG August 18, 2010 AN UPDATE on the saga of Stephen Schwarzman, the Blackstone Group chief executive who ruffled a feather or two recently by comparing the plight of the private equity industry to the Second World War. The ever-outspoken Schwarzman, peeved at the ongoing battle between US politicians and the sector over increasing its tax burden, claimed: “It’s [...]
Little black book: the Wharf’s new hotspots July 14, 2010 CANARY Wharf may have gleaming skyscrapers but it hasn’t exactly led the way with high quality bars or top-end members clubs (and no, Brodies doesn’t count). Most serious financiers have stayed put in their own private dining rooms rather than venture to street level, unless a driver is eagerly waiting with a TomTom pre-programmed to [...]
Blackrock settles on City for London base February 4, 2010 BLACKROCK, the investment management group in which Barclays owns nearly 20 per cent, yesterday beat off Macquarie Bank to land a 25 year deal to base its London operations at Drapers Gardens in the City of London. The deal, which will see Blackrock paying £49 per square foot with a three year rent-free period, was [...]
Chinese firm in exclusive talks to acquire Tower 42 July 4, 2010 THE SALE of London’s first skyscraper came a step closer to completion yesterday after it emerged that Chinese Estates Group had entered exclusive discussions to buy Tower 42. The group, chaired by Hong Kong-based billionaire Joseph Lau, is said to have won a three-month auction with a bid near the asking price of £300m. Moorfield [...]
SMITH JETS OFF ON LAST MINUTE HOLIDAY August 17, 2010 IN THE wake of the crisis, understated chic is still the name of the game for City top dogs – even when they’re kicking back on their summer hols. Who should be spotted by one of The Capitalist’s spies yesterday in Juan Les Pins, France, but Tullett Prebon boss Terry Smith, still pale-faced on the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 17, 2010 FINANCIAL TIMES UGANDA TAX ROW DELAYS HERITAGE SALE OF OIL FIELD Uganda is insisting that Heritage Oil, the UK-listed oil explorer, must agree to pay $360m (£243m) in capital gains tax on the “super profits” it will make on a $1.35bn oilfields sale before it will sanction the deal. Uganda’s energy minister said the government [...]