Barclays to offer 90pc mortgages October 26, 2011 BARCLAYS launched a new bid to entice prospective house-buyers back to the market yesterday by offering no-fee mortgages needing only a ten per cent deposit. The bank has refused to offer 90 per cent loan-to-value mortgages since 2008 when it pulled them during the financial crisis, but is now following rivals such as NatWest and [...]
GOLF RETURNS TO THE BOARDROOM AS CITY FIRM TEES UP TENANTS January 9, 2012 PLAYING golf in the office has gone the same way as four-hour lunches and six-figure bonuses in the austerity City. Or has it? Teeing up deals on the putting green will be business as usual at the new City offices run by serviced office provider Co-Work, which is looking for 101 tenants for its latest [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
FOOD & BOOZE NEWS November 7, 2011 TOP VIEWS AT REVAMPED BAR With 360-degree views across London, this bar is particularly stunning on a clear night over Oxford Street where you can see the Christmas lights. The revamped viewing gallery on the 33rd floor has extended its cocktail bar so you can enjoy well-crafted cocktails, such as the aged Barcardi 8 year [...]
House prices decline again in September October 6, 2011 VOLATILITY continued in the housing market, with September’s price falls reversing gains seen in June and July, the Halifax index revealed yesterday. Prices are down 0.5 per cent compared with August and 2.3 per cent over the last 12 months, the seasonally adjusted figures show. The rate of decline has slowed from its peak of [...]
Newspapers prove drag on DMGT profits November 23, 2011 DMGT, the owner of the Daily Mail, posted a drop in full year profits yesterday, after a strong performance from its events arm failed to offset falling revenues and higher costs in its newspaper divisions. Revenues at Associated Newspapers, the division which publishes the Daily Mail and the Metro, were flat on an underlying basis [...]
Bank fees from private equity at 14-year low October 10, 2011 UK investment banks saw their fees from arranging private equity buyouts shrink dramatically in the past three months to the lowest level since 1997, data yesterday showed. The UK slipped to fourth place in Europe for buyout-related fees in the third quarter from first place a year ago, claiming only a 9.6 per cent share [...]
Bank fees from private equity at 14-year low October 10, 2011 UK investment banks saw their fees from arranging private equity buyouts shrink dramatically in the past three months to the lowest level since 1997, data yesterday showed. The UK slipped to fourth place in Europe for buyout-related fees in the third quarter from first place a year ago, claiming only a 9.6 per cent share [...]
FUND MANAGERS KEEP PARTY ASSETS SOUND November 2, 2011 THE Society of Pension Consultants’ party at the Dorchester was no doubt a wild affair. But last night belonged to the Investment Management Association, which drew 1,200 fund managers to its annual dinner at the Grosvenor House hotel. “No matter how glittering the alternative occasion, everyone is happy to give it up to come here,” [...]