FTSE hit by soaring bank yields November 17, 2011 The FTSE 100 fell in early trading today as yields on a Spanish bond auction soared to almost seven per cent – a level considered unsustainable by economists. A warning from ratings agency Fitch that the outlook for US banks could deteriorate if the Eurozone sovereign debt crisis is not resolved also took its toll. [...]
Official timekeeper for 2012 finds too many brand benefits to count December 13, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 226 DAYS TO GO Omega’s president Stephen Urquhart explains why it will be keeping time in London once again Q. What was your brand’s primary reason for being involved with the Games? A. Omega first served as Official Olympic Timekeeper at the 1932 Los Angeles Olympic Games and [...]
Official timekeeper for 2012 finds too many brand benefits to count December 13, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 226 DAYS TO GO Omega’s president Stephen Urquhart explains why it will be keeping time in London once again Q. What was your brand’s primary reason for being involved with the Games? A. Omega first served as Official Olympic Timekeeper at the 1932 Los Angeles Olympic Games and [...]
Arbuthnot’s £102m Secure Trust Bank starts life on junior market November 2, 2011 SECURE Trust Bank, the retail banking arm of Arbuthnot Banking Group, started life as an independent entity yesterday after floating successfully on the alternative investment market of the London Stock Exchange. The float, which at 720p per share valued Secure Trust at £102m, raised £25m, with Secure Trust gaining £12m to plough into growing the [...]
HMV turns the music off to open first tech store November 13, 2011 HMV HAS launched its first store dedicated to technology in London’s Square Mile in a bid to reverse its declining CD and DVD sales in the run up to the crucial Christmas trading period. The so-called techshop, located in Land Securities’ One New Change mall near St Paul’s, comes after the troubled retailer’s recent expansion [...]
CITY VIEWS: WILL MARKS & SPENCER STILL BE A MAINSTAY OF THE HIGH STREET IN 20 YEARS ? November 8, 2011 ANDREW BALLIE | KENEXA “Yes. The brand is strong and there is such loyalty among its customers. It defines retailing for the middle class – it even defines the food they eat” DAVID PHILLIPS | LLOYD’S OF LONDON “In 20 years, shopping will be done online and in out-of-town centres. If M&S can keep up [...]
Blacks tanks as it seeks an Xmas buyer December 7, 2011 STRUGGLING outdoor equipment retailer Blacks Leisure yesterday put itself up for sale, sending its shares plummeting as it admitted it had failed to find an alternative route out of it funding troubles. Shares in Blacks, which have lost 90 per cent of their value since the start of the year, extended losses to close at [...]
Reflections on a positive year October 27, 2011 Q.Are you happy with One New Change a year on? Has it been a commercial success? A.In just 12 months, and despite tough economic conditions, One New Change is playing a leading role in transforming the City of London into a desirable weekday and weekend shopping and eating destination for Londoners and visitors to the [...]
Reflections on a positive year October 27, 2011 Q.Are you happy with One New Change a year on? Has it been a commercial success? A.In just 12 months, and despite tough economic conditions, One New Change is playing a leading role in transforming the City of London into a desirable weekday and weekend shopping and eating destination for Londoners and visitors to the [...]
Ducati appoints banks for IPO in Hong Kong November 9, 2011 ITALIAN motorcycle maker Ducati has appointed Deutsche Bank, Goldman Sachs and Mediobanca to manage its prospective Hong Kong IPO, sources told City A.M. yesterday. Reports of the banks’ appointment for a Hong Kong IPO come 24 hours after the London-based retailer of diamonds, Graff Diamonds, was reported to be considering a $1bn IPO in Hong [...]