Apple to open its biggest store in Covent Garden August 6, 2010 APPLE is to open its biggest ever store in Covent Garden on Saturday (August 7). The three storey historic building will have separate rooms for all Apple products and more stock than any other shop. Staff will be equipped with iPod Touches to scan purchases without a till, for the first time. There will also [...]
Visa pushes new mobile phone payment systems September 19, 2010 VISA will roll out a network that will allow its customers to pay for goods using their mobile phones in time for the 2012 Olympics. The world’s biggest payment processing firm hopes the new technology will allow it to corner the small transactions market, which is still dominated by cash purchases. The firm believes the [...]
Tap into Asian growth with Far East ETFs September 29, 2010 WHETHER you subscribe to the belief that the 21st century belongs to China or not, there is no doubt that it certainly belongs to emerging markets and particularly to those in the Far East. The story is a familiar one: these countries have transformed themselves from rural backwaters to the new hub of the global [...]
Derwent London snaps up Central Cross for £146m July 28, 2010 LANDLORD and developer Derwent London said yesterday that it is stepping into the market for the first time in three years with the £146m purchase of a building in one of London’s busiest shopping streets. The deal indicates that banks slowly are beginning to sell real-estate assets that are weighing on their books. Derwent is [...]
Derwent London snaps up Central Cross for £146m July 28, 2010 LANDLORD and developer Derwent London said yesterday that it is stepping into the market for the first time in three years with the £146m purchase of a building in one of London’s busiest shopping streets. The deal indicates that banks slowly are beginning to sell real-estate assets that are weighing on their books. Derwent is [...]
NEWS | IN BRIEF July 6, 2010 Billionaire retailer Sir Philip Green said yesterday he was considering opening more retail schools after the success of London’s Fashion Retail Academy. Speaking at the Academy’s 2010 awards ceremony, the Arcadia owner pledged to approach the new coalition government about the possibility of an expansion. Green said: “My aim is to open another two or [...]
Profits up at London Capital August 17, 2010 spread betting company London Capital Group, said first-half adjusted pre-tax profit rose 12 per cent yesterday, helped by strong spread betting performance, but cut its interim dividend by 60 per cent. “If the rest of the year follows the route of the first half, we would expect to be paying quite a substantial dividend at [...]
Redhall in £16m bid for Mount September 22, 2010 BRITISH engineering support services firm Redhall yesterday announced it had made an offer to buy rival Mount Engineering for around £16.4m to expand into international energy markets. Redhall, which caters to the nuclear, oil and gas, food, defence, safety and security and transport infrastructure sectors, has irrevocable undertakings or letters of intent from 45 per [...]
West End falls behind rest of capital July 18, 2010 LONDON’S West End has seen an upsurge in high-end purchases, though shops in the area have bounced back at a slower rate than the rest of the capital. June sales in the West End shops rose 10 per cent on last year, compared to a 14.4 per cent rise in London and a 1.2 per [...]
Why Gatwick Airport’s new chief has Heathrow lined up in his sights October 10, 2010 SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which [...]