Focus On Dulwich: Forget the new shiny skyscrapers, this London village attracts well-heeled families with good schools, period houses and bags of charm December 15, 2017 A Tube stop is usually the making of a neighbourhood in London. But in the case of Dulwich in south east London, the absence of a London Underground station may have been an advantage. Left to its own devices and hardly a tourist hotspot, some say this has allowed Dulwich to develop a character all [...]
New build homes on sale in London this weekend in Paddington, Clapham, Kentish Town, Vauxhall and Canada Water March 16, 2018 New developments on the market this week No 3 Canalside Walk, Paddington From £1.212m Live next to the Grand Union Canal in Paddington Basin, with a plethora of rooftop perks, including balconies, and a rooftop gym, lounge and observatory. Eleven acres of prime Zone One is being developed near the transport hub, including 52 two [...]
Failed wholesaler Palmer & Harvey faces a grilling from MPs in Frank Field’s Work and Pensions Committee centred around its 2008 management buyout January 7, 2018 Failed wholesaler Palmer & Harvey (P&H), which collapsed into administration just weeks before Christmas, is set to be grilled by an influential Commons select committee. Former bosses at the 92-year-old company, which was the UK’s largest cigarette supplier, will come under the Work and Pensions Committee’s spotlight to give evidence on a 2008 management buyout. [...]
London house prices: The 10 London neighbourhoods with the most £10m plus homes | City A.M. October 23, 2017 London’s high-end housing market may be struggling, but more than 50 homes worth more than £10m have been sold so far this year, new analysis has suggested. Not surprisingly, the place with the most ultra-high end deals is Belgravia, where seven sales worth more than £10m have taken place, totalling £151m. Meanwhile, Knightsbridge came second, [...]
Guy Hands’ Terra Firma is set to battle with buyout behemoths for Network Rail railway arches properties March 1, 2018 Guy Hands, one of the UK’s most well-known buyout firm bosses, is set to make a £1bn swoop for Network Rail’s commercial property portfolio. Hands’s private equity firm, Terra Firma, will be battling against giants such as Blackstone, the billionaire Pears family’s Telereal Trillium and funds associated with Goldman Sachs, Sky News has reported, as [...]
Focus On Pimlico: Twenty per cent cheaper than its neighbours and still central, house prices are increasing in SW1P November 23, 2017 Pimlico must be pretty quiet at the weekends. It’s been London’s pied a terre hotspot since the mid-Noughties, meaning many of its inhabitants escape the area for their country retreats every Friday night. “A third of homes sold in SW1V so far this year have been bought by a second home owner, more than anywhere [...]
Pearson shares drop on gloomy outlook for US college textbook market January 17, 2018 Publishing group Pearson was among the companies leading a fall in the FTSE 100 this morning, after it issued a trading statement. While the firm said its profits would reach the top end of guidance at as much as £606m, it revealed it was still grappling with the US textbook sector. Sales in the unit [...]
The co-founder of Urban Massage on the gig economy and disrupting the spa industry July 16, 2018 Years ago, Jack Tang paid £100 for a massage. But, even though the therapist was at the top of her game, it turns out that she was getting a measly £20 of the total payment. Tang found out that it’s not uncommon for spas to charge customers huge amounts, and dish out a tiny [...]
Exclusive: Firebrand MP Frank Field hopes to lock horns with Sir Philip Green over Arcadia sale February 19, 2018 One of Westminster’s most dogged MPs is hoping to lock horns once again with retail tycoon Sir Philip Green following reports that the former BHS owner is looking to sell his retail empire to a Chinese textiles conglomerate. City A.M. understands Frank Field, the Labour MP who spearheaded the parliamentary investigation into Green’s doomed sale [...]
Eat’s owner Lyceum Capital chops investment team after its latest fundraise flops January 14, 2018 Lyceum Capital, the private equity backer of cafe chain Eat, is slashing its team after failing to raise a new fund. The 19-year-old firm, one of the UK’s oldest buyout houses, was targeting between £375m and £400m for its fourth fund. But after failing to receive enough commitments from investors, Lyceum called time and announced [...]