Harry Potter and the publishers of fury June 23, 2011 JK ROWLING yesterday delivered a warning shot to the publishing industry that it must adapt to the rapidly-changing online world or risk becoming marginalised. The Harry Potter author revealed she will offer her record-breaking children’s books for download through her own website, circumventing the need to visit digital bookshops like those owned by the likes [...]
Chelsea Barracks £3bn plan approved June 21, 2011 NEW plans for the redevelopment of Chelsea Barracks in central London were given the go-ahead yesterday by Westminster council, two years after the Prince of Wales intervened over the original plans for the site. The outline of the masterplan for the scheme, which will cost around £3bn, will see the 13-acre property that used to [...]
Chelsea Barracks £3bn plan approved June 21, 2011 NEW plans for the redevelopment of Chelsea Barracks in central London were given the go-ahead yesterday by Westminster council, two years after the Prince of Wales intervened over the original plans for the site. The outline of the masterplan for the scheme, which will cost around £3bn, will see the 13-acre property that used to [...]
Burberry sees profits surge as Asia booms May 26, 2011 BURBERRY is stepping up spending on new stores to cash in on a boom in demand for luxury goods in Asia as it met forecasts with a 39 per cent jump in full-year profit. Profit for the 12 months to the end of March were £296m with revenues up 27 per cent to £1.5bn. The [...]
British Land upbeat as its rents climb May 23, 2011 BRITISH Land yesterday reported a profit rise but its shares were dented after some analysts went lukewarm on the stock. The company reported a 12.5 per cent rise in net asset value (NAV) to 567p and a 2.8 per cent increase in underlying profit to £256m. But its shares were hit as some brokers downgraded [...]
Jane Norman lenders ask PwC to find buyer June 5, 2011 HIGH STREET fashion chain Jane Norman has been put on the block by PwC at the request of its lending syndicate, a source familiar with the process said yesterday. PwC is thought to have sent out sale information on Jane Norman, which is majority owned by a group of 11 banks following the collapse of [...]
Jane Norman lenders ask PwC to find buyer June 5, 2011 HIGH STREET fashion chain Jane Norman has been put on the block by PwC at the request of its lending syndicate, a source familiar with the process said yesterday. PwC is thought to have sent out sale information on Jane Norman, which is majority owned by a group of 11 banks following the collapse of [...]
Learning from the Olympics of Vancouver July 31, 2011 LEARNING from the past is the path to progress and so Vancouver’s experience of hosting the Winter Olympics in 2010 has a lot to teach us. Despite the inevitable challenges, it was warmly and roundly considered a great success, with most businesses ready and willing to adapt and benefit from the unique opportunities afforded by [...]
Six parties in Lloyds talks for branches July 24, 2011 LLOYDS is in talks with six interested parties over the sale of its 632 branches, City A.M. understands, despite only two of them having submitted formal bids so far. However, some of those involved are only interested in chunks of the £68bn in assets on sale, which could prove a headache for regulators who want [...]
CITY MOVES | WHO’S SWITCHING JOBS May 31, 2011 Wainbridge The property investment and asset management firm has appointed Graham Langlay-Smith as chief financial officer. Langlay-Smith joins from Credit Suisse, where he was a director of the European team of DLJ Real Estate Capital Partners. Prior to Credit Suisse, Langlay-Smith was chief financial officer of real estate developer TrizecHahn Europe, and has also held [...]