London’s New Bond Street one of world’s 10 most expensive streets: Will Oxford Street catch up? November 19, 2014 New Bond Street has once again been named as London's most expensive street with its luxury retailers paying some of the highest rents in the capital – though it has got some competition coming from Oxford Street. The upmarket shopping street, which is home to the likes of Burberry and Louis Vuitton, saw prime retail [...]
Make 10-year Chinese visas cheaper default option and bring £337m to UK economy, claims UKCVA October 2, 2015 Leading retailers have renewed their pleas for the government to overhaul its system regarding Chinese visas, claiming a simplified regime would boost the UK's economy by £337m. The UK China Visa Alliance (UKCVA) – which is made up of businesses such as retail park group McArthurGlen, retail body New West End Company, Walpole, London [...]
N Brown share price rises as Simply Be and Jacamo owner says turnaround on track October 14, 2015 Shares in N Brown rallied this morning as the home shopping group said efforts to turnaround the business and draw a line under the past year’s woes were paying off. The catalogue and online retailer, which caters for older and larger shoppers through brands such as Simply Be and Jacamo, posted a 15.9 per cent fall [...]
West End retailers take control of shops July 8, 2015 RETAILERS on Oxford Street and Bond Street are increasingly seeking to take control of their shops, with stores owned by brands rising 28 per cent and seven per cent respectively over the past two years. Research released today by Savills finds that retailers now account for 22 per cent of ownership for the whole of [...]
Mayoral hopeful Zac Goldsmith’s team rush to his driver’s defence, after the Tory MP’s campaign bus appeared to be stuck in a suspended parking bay April 19, 2016 When one bidder at the Conservative party's Black and White Gala shelled out £35,000 for a day on the campaign trail with Zac Goldsmith, did they think they would be paying for his parking tickets? The Tory mayoral hopeful has failed to answer basic questions about transport in the capital in the past, and now Londoners are trying [...]
Investment trust winners of 2016 December 29, 2016 Investment trusts focused on Asia are on course to deliver some of the best returns in 2016, according to data for trust sectors. Investment trusts are an alternative to more commonly held open-ended funds or unit trusts, offering some advantages. This is explained here: investment trust v open-ended funds Here, we look at the performance [...]
The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
Private equity firm TPG to move offices to Mayfair’s Park House June 16, 2015 Private equity firm TPG has signed a deal to relocate its European headquarters to a new development opposite Selfridges department store on Oxford Street. The US-based firm, which is currently based at 5-7 Carlton Gardens in London’s St James, has agreed to take the entire fifth floor of Park House on a 15-year lease, the [...]
Tube mayhem rocks London businesses August 6, 2015 Retailers and leisure companies in London are braced for a multi-million pound hit as Tube workers go on strike for the second time in a month. On the day of the last strike on 9 July, London shopping malls suffered a nine per cent drop in footfall compared with the same day last year, according [...]
China crash: This is China’s Lehman Brothers moment and global liquidity is to blame August 25, 2015 August is the cruellest investment month, once more, and disappearing money flows are again the culprit behind crashing stock markets. The gyrations in global liquidity explain market movements around six-12 months ahead and predict economies over the following year. The problem right now is that despite the well-flagged easing by the ECB and Bank of [...]