One Hyde Park opens its doors January 16, 2011 A LUXURY development backed by Chris Candy will open this week, with flats at the exclusive address One Hyde Park starting at around £6.5m. Three retail units at the site, located between Hyde Park and Knightsbridge, have already been snapped up by luxury car maker McLaren, watch designer Rolex and the Abu Dhabi Islamic Bank. [...]
CITY MOVES | WHO’S SWITCHING JOBS February 21, 2011 Chalsys Capital Partners Chalsys Capital Partners has appointed General Sir Mike Jackson as a special adviser, effective immediately. Jackson will provide specialist advice on renewable energy investments at the investment firm focused on clean tech, green infrastructure and natural resources. Jackson served as the UK’s chief of the general staff 2003-2006 after 45 years in [...]
CITY MOVES | WHO’S SWITCHING JOBS February 10, 2011 Alvarez & Marsal The global independent professional services firm, today announced the appointment of Stuart Ells, a seasoned media and entertainment expert, to its European performance improvement business. His arrival marks the formation of a specialist media & entertainment team focused on supporting both corporates and portfolio companies of private equity firms in this sector, [...]
FTSE falls with investors still cautious ahead of US results April 14, 2011 BRITAIN’S top share index fell yesterday, led by Reckitt Benckiser after the company said its chief executive was retiring, and with banks weaker on renewed worries about sovereign debt levels. The FTSE 100 fell 46.64 points, or 0.8 per cent, to 5,963.80, its lowest close since 31 March. The index is up 1.1 per cent [...]
WEST END FESTIVE HIGH DESPITE SNOW January 16, 2011 Christmas shoppers defied the December snow to boost December sales in London’s West End by 3.8 per cent year-on-year. New West End Company, which represents 600 retailers on Bond Street, Oxford Street and Regent Street, said there was a huge sales increase in the final days before Christmas and in the end of year sales.
WEST END FESTIVE HIGH DESPITE SNOW January 16, 2011 Christmas shoppers defied the December snow to boost December sales in London’s West End by 3.8 per cent year-on-year. New West End Company, which represents 600 retailers on Bond Street, Oxford Street and Regent Street, said there was a huge sales increase in the final days before Christmas and in the end of year sales.
PROPERTY NEWS January 20, 2011 HYDE PARK PROPERTY FLOURISHING Over 55 per cent of the mega-luxe, much-hyped Hyde Park development the Lancasters (competing with the even-more hyped One Hyde Park), has been sold in advance of its opening in June, making developers Northacre the second best performing retail stock in Europe. Klas Nilsson, Northacre’s chairman, puts this down to “a [...]
Salaries in London on the rise January 4, 2011 Salaries are growing in London, according to an employment survey. The London Reed job index is at 105, compared with 100 a year ago. Reed said skills shortages are pushing up pay with salaries in consultancy and retail up 20 per cent on the start of 2010. Martin Warnes of Reed said: “Jobs growth and [...]
Work restarts on British Land’s Cheesegrater January 27, 2011 CONSTRUCTION work has restarted on the Cheesegrater tower on Leadenhall Street after developers British Land and Oxford Properties agreed to fund the £340m project as a joint venture. The 47-storey tower, officially named the Leadenhall Building, was shelved in 2008 amid uncertainty in the London property market. Builders returned to the site yesterday to restart [...]
FTSE 100 falls back as bank, mining and retail stocks slide January 19, 2011 BANKING and mining stocks weighed on London’s top share index yesterday as concerns over the global economic recovery resurfaced, while sentiment among retailers was dented after some disappointing updates. The FTSE 100 closed down 79.73 points, or 1.3 per cent lower at 5,976.70, ebbing away from Tuesday’s fresh 31-month high. “The market moved a long [...]