ENTREPRENEURS NEWS | IN BRIEF December 11, 2011 THE EAST END GETS AN UPGRADE San Francisco based start-up Eventbrite is coming to the east end of London – the online ticket-seller’s first international office. Eventbrite also serves as a platform on which organisers can plan events and promote them using social media. Co-founder of the company Renaud Visage says: “London will be our [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 5, 2012 FINANCIAL TIMES REGULATORS CONSIDER AN OVERHAUL OF LIBOR UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350 trillion contracts worldwide may have been subject to manipulation. STARBUCKS TAKES COFFEE WARS TO NESPRESSO Coffee capsule wars are set [...]
Resource stocks lift FTSE as Eurozone closes in on Greece debt deal January 23, 2012 The FTSE 100 started in positive territory this morning — with hopes that Eurozone finance ministers can nail down a final agreement over the festering Greek debt pile on the rise. Banking shares across Europe were buoyed by renewed optimism that Greece can avert a default which would derail the bloc’s efforts to stabilize struggling [...]
JJB enjoys an uplift in sales for Christmas January 5, 2012 SPORTS retailer JJB, which was on the verge of collapse last year, has battled its way through the crucial Christmas period, reporting a five per cent lift in like-for-like sales in December. JJB’s second-half like-for-like sales fell by 7.8 per cent while margins fell by 3.2 per cent, it said yesterday. But this was still [...]
US retail sales growth weak in November December 13, 2011 US retail sales grew less than forecast in November, tempering some of the expectations for a strong holiday season that had been raised by signs of bumper Thanksgiving weekend sales. Total retail sales increased 0.2 per cent after rising by an upwardly revised 0.6 per cent in October, as less spending on food and beverages [...]
US retail sales growth weak in November December 13, 2011 US retail sales grew less than forecast in November, tempering some of the expectations for a strong holiday season that had been raised by signs of bumper Thanksgiving weekend sales. Total retail sales increased 0.2 per cent after rising by an upwardly revised 0.6 per cent in October, as less spending on food and beverages [...]
From Kensington to Farringdon: why London’s prices are buoyant January 19, 2012 WHY ARE PROPERTY VALUES IN CENTRAL LONDON RISING FASTER THAN REST OF THE UK? Prices in Prime Central London are indeed out-performing the rest of the country. Over the last 12 months, average house prices across the UK have remained broadly stable, meanwhile in Prime Central London (PCL), prices rose by 12.1 per cent in [...]
Peacocks still searching for white knight January 22, 2012 PRIVATE EQUITY firms and buy-out groups are poised to make a bid for Peacocks, the discount clothing chain, which collapsed into administration last week. Its administrators KPMG will open the data room to Peacocks today, which will allow potential bidders to browse financial and other relevant data on the firm. KMPG expects to receive the [...]
Moody’s UK warning hits FTSE 100 February 14, 2012 The FTSE dipped this morning after debt rating agency Moody’s warned it could downgrade top-rated sovereigns including Britain. Moody’s grim assessment sapped some of the confidence of investors who had been encouraged by Greece finally agreeing a package of austerity measures to steer it away from a default. The move put the UK’s rating in [...]
FTSE books biggest rise for a month as optimism increases March 8, 2012 BRITAIN’S top share index recorded its biggest daily rise in over a month yesterday, boosted by optimism about the US economic outlook as well as the outcome of Greece’s debt negotiations, although charts indicated that momentum could falter. Cyclical stocks, which tend to perform in tandem with economic growth, rose as US jobless claims data [...]