Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Herzog & de Meuron’s Canary Wharf tower given go-ahead July 28, 2015 Fancy living in a cylindrical waterfront tower? Soon homebuyers will be able to do just that after Canary Wharf Group secured detailed planning permission for its second residential scheme on the former Wood Wharf site. The 57-storey building, which is yet to be named, owes its quirky design to Swiss architects Herzog & de Meuron, [...]
First homes inside former BBC Television Centre go on sale next month – starting at £500,000 July 27, 2015 Homebuyers will be soon able to own a slice of television history, with the first 450 homes inside the former BBC Television centre set to go up for sale next month. The scenery block at the former BBC Television centre in London’s White City is eerily quiet. For over 50 years the cavernous space used [...]
Amazon glitch sparks outrage as thousands of products sold for 1p December 15, 2014 Businesses hit by a glitch on Amazon's website have clubbed together to recruit a lawyer to try to recoup their losses and stave off bankruptcy. The error, which allowed Amazon customers to buy thousands of products for as little as 1p, was caused by a piece of software supplied by RepricerExpress. It keeps [...]
Raider Crystal Amber attracts new interest in Sainsbury’s as investor seeks to shake-up supermarket giant December 11, 2014 Activist investor Crystal Amber has been approached by more investors in the past few days interested in participating in a major shake-up of Sainsbury’s. The Aim-listed firm’s founder Richard Bernstein told City A.M. that it had held talks with several “clearly interested” parties since the weekend when it emerged that it was targeting a move [...]
Supergroup boss upbeat on prospects despite profits slide December 11, 2014 SUPERGROUP boss Euan Sutherland has said it has drawn a line under its disappointing first half and is confident about its prospects for the rest of the year after September’s warm weather hurt profits. The owner of the Superdry brand said underlying pre-tax profits dropped 30 per cent to £12.5m in the six months to [...]
Qatari hires veteran banker Ken Costa to board of Songbird December 11, 2014 The Qataris have brought in one of the City’s best-known rainmakers to help win control of the Canary Wharf Estate. The Qatar Holding Shareholder Group said it had appointed Ken Costa as a director of Songbird, the owner of the east London financial district, taking its representation on the board back to three. South African-born [...]
A third investor backs Songbird bid December 10, 2014 QATAR Investment Authority (QIA) and Brookfield said yesterday that a third shareholder had agreed to back its 350p-a-share offer for Songbird Estates, the owner of Canary Wharf. EMS Capital, which holds 3.2 per cent of Songbird’s free float, or 0.7 per cent of the company, said in a letter to the bidders that it intended [...]
Falling Nigerian naira hits profit at PZ Cussons December 10, 2014 PZ CUSSONS, the owner of Imperial Leather soap and St Tropez self-tan, said yesterday that it suffered a drop in profits in the first half of the year as tough trading conditions in Africa and the devaluation of Nigeria’s currency, the naira, took its toll on sales. Nigeria is Africa’s largest oil exporter and the [...]
Analyst Views: What did you think of PZ Cussons’ performance in the first half? December 10, 2014 DARREN SHIRLEY | SHORE CAPITAL PZ Cussons has issued a subdued trading update. Taking management’s guidance, and the lack of visibility in Nigeria where currency is likely to face a stronger headwind together with the potential for some short-term disruption around the presidential election in February, we have downgraded our forecasts. CHARLES PICK | NUMIS [...]
