Buy City offices for steady income October 5, 2010 CONFIDENCE in UK property has plummeted over recent months. The recent commercial property confidence survey conducted by Lloyds showed that almost half of property professionals now think that property prices will stay flat over the next six months (up from 36 per cent in May). So is now the time to ditch commercial property and [...]
Westfield sees sales boost at its London mall August 18, 2010 MALL owner Westfield Group yesterday said sales at its London mall were up 17 per cent in the first half of the year compared with the same period last year. The mall, at Shepherd’s Bush, is on track to hit its target of £800m in takings this year after being boosted by tourist numbers, the [...]
Commodities drag FTSE 100 down as US output eases September 15, 2010 COMMODITY stocks pulled Britain’s top shares lower yesterday as US data showed a sharp slowdown in industrial output, and after investors switched into the dollar after The Bank of Japan’s yen intervention and recent sharp gains. The FTSE 100 index closed down 11.85 points, or 0.2 per cent at 5,555.56, snapping a five session winning [...]
New retail boss hired for Habitat July 27, 2010 HABITAT has hired Gary Waldron – a former executive at Fat Face – as its retail director. The furniture and homeware chain is in the middle of a huge shake-up. The restructuring specialist Hilco bought Habitat in December from its former owner, ICAF, in a deal that involved writing off debts. Under the agreement there [...]
Pinnacle team brings in second agent to attract pre-let tenants to the tower September 7, 2010 ARAB Investments, the developer of the Pinnacle skyscraper, has brought in an extra letting agent to sell leases in the tower on Billingsgate. Property company CB Richard Ellis has joined Savills as joint leasing agent on the tower, which is set to be the tallest building in London when completed in 2013. “It’s something we’ve [...]
BOOST FOR CITY AS FIRMS HIRE AGAIN September 5, 2010 MORE than 800 new staff are to be recruited by PricewaterhouseCoopers (PwC) as the professional services giant bounced back from recession with a revenue rise. The firm will today announce that it has bounced back from the global financial crisis strongly as it releases its results for the year to the end of June. The [...]
ENLARGED RETURNS TO GREET M&S SHOPPERS October 4, 2010 FINALLY – the working man’s answer to the wonderbra has arrived: M&S has just unveiled its brand new range of “enhancing underpants” for men. The pants come in two styles: “a bum-lift pant” and a “frontal enhancement pant”, one intended to project the image of a well-firmed posterior and the other giving City money men [...]
ENLARGED RETURNS TO GREET M&S SHOPPERS October 4, 2010 FINALLY – the working man’s answer to the wonderbra has arrived: M&S has just unveiled its brand new range of “enhancing underpants” for men. The pants come in two styles: “a bum-lift pant” and a “frontal enhancement pant”, one intended to project the image of a well-firmed posterior and the other giving City money men [...]
CITY MOVES | WHO’S SWITCHING JOBS September 26, 2010 Barclays Leigh Clifford, the chairman of Qantas Airways, is to step down from his role as a non-executive on the Barclays board at the end of the month. Clifford joined the bank’s board in October 2004. In addition to his position at Qantas, he is also a director of engineering giant Bechtel Group and a [...]
Swannell set to win M&S chairmanship August 22, 2010 ROBERT SWANNELL, the veteran investment banker and HMV boss, is expected to be confirmed as Sir Stuart Rose’s replacement at the chair of Marks & Spencer this week. Swannell spent the weekend thrashing out an agreement with M&S, friends said, and while his appointment was not sealed last night he is understood to be in [...]