Luxury names sign for One Hyde Park November 7, 2010 OPULENT brands Rolex and Chanel are on the verge of signing a deal to take the final two shops at One Hyde Park, the £1bn London development by Nick and Christian Candy. British watchmaker Rolex is believed to have signed for the second retail space in the development, which is slated as London’s most expensive [...]
ETFs – what they are and how to use them February 3, 2011 THIS page usually deals with listed exchange-traded products (ETPs) in great depth. Last week, for example, we covered the ins and outs of leveraged exchange-traded funds (ETFs) – which offer all the exposure of an ordinary ETF, except doubled up. But while the UK market for ETFs has expanded dramatically over the last few years, [...]
L’Occitane majority shareholder cashes in £86m worth of its shares December 12, 2010 L’OCCITANE International said its controlling shareholder has sold $136m (£86m) worth of its shares at HK$21.14 (£1.72) each, or a 1.9 per cent discount to Friday’s closing price, in a share placement. The French skincare products retailer said the share sale allowed its controlling shareholder, the L’Occitane Groupe (LOG), to monetise a small portion of [...]
Diamond: We have to stop saying sorry January 11, 2011 BARCLAYS boss Bob Diamond came out fighting at a high-profile public hearing yesterday, insisting it was time for banks to stop apologising for the financial crisis. Appearing before an influential group of MPs, Diamond said “the period of remorse and apology” that followed the banking meltdown needed to end. “The biggest issue is ‘How do [...]
John Laing Infrastructure Fund IPO raises £270m November 24, 2010 INFRASTRUCTURE group John Laing has hit its target of raising £270m from the London listing of a fund today. The John Laing Infrastructure Fund (JLIF) will use the proceeds to acquire a seed portfolio of 19 investments from the John Laing Group, which is owned by asset manager Henderson Group. The seed portfolio, which includes [...]
London sales up after ash crisis ends… June 13, 2010 SALES in London bounced back last month as flights returned to normal after the volcanic ash cloud that left thousands of tourists stranded. Figures from the British Retail Consortium showed sales soaring by 11.6 per cent in May compared to the same month last year. That compared with a meagre 0.8 per cent increase across [...]
London sales up after ash crisis ends… June 13, 2010 SALES in London bounced back last month as flights returned to normal after the volcanic ash cloud that left thousands of tourists stranded. Figures from the British Retail Consortium showed sales soaring by 11.6 per cent in May compared to the same month last year. That compared with a meagre 0.8 per cent increase across [...]
Apprentices not just for sorcerers and Sugar November 28, 2010 THINK you know what an apprentice is? A working class youth in oily blue overalls with a spanner in his hands? The super self-confident types given missions impossible by Alan Sugar? Or Disney’s accident-prone mop-splitting sorcerer’s apprentice? Think again. We don’t often see apprentices in London, and more rarely still in the glittering spires of [...]
Finally, the City gets the retail hub it deserves October 27, 2010 DEVELOPMENT DIRECTOR AT LAND SECURITIES AFTER years in the making, I am very excited to introduce One New Change, the City of London’s newest and largest retail experience, as it opens at midday today. Boasting 60 stores over three floors, One New Change offers something for everyone. Some of the UK’s most loved brands, including [...]
Finally, the City gets the retail hub it deserves October 27, 2010 DEVELOPMENT DIRECTOR AT LAND SECURITIES AFTER years in the making, I am very excited to introduce One New Change, the City of London’s newest and largest retail experience, as it opens at midday today. Boasting 60 stores over three floors, One New Change offers something for everyone. Some of the UK’s most loved brands, including [...]