Battersea Power Station kicks off world tour to find retailers September 4, 2014 The owners of Battersea Power Station are to kick-off a worldwide tour to find hundreds of retailers, restaurants and office tenants for the next phase of its development. From November, the Malaysian-owned Battersea Power Station Development Company intends to hold exhibitions in 13 cities across 11 countries, from New York to Milan, Paris, Tokyo, Beijing [...]
A subtle shift to a not-so Standard Life – Bottom Line September 4, 2014 FOR ALL the landmarks Standard Life’s sale of its Canadian arm breached yesterday – ending 180 years of doing business in Canada, pushing its market cap past £10bn – the most significant was also its most enigmatic. David Nish’s bumper £1.75bn windfall for investors may have grabbed the attention but a subtle strategic shift was [...]
Paddy Power bets on retail head to be new chief executive in 2015 September 4, 2014 BOOKMAKER Paddy Power yesterday named its head of UK and Ireland retail operations Andy McCue as successor to chief executive Patrick Kennedy, who departs at the start of next year. The appointment followed what Paddy Power chairman Nigel Northridge described as an extensive international search of candidates: “We were very pleased, if unsurprised, with the [...]
EasyJet reports record numbers during August September 4, 2014 BUDGET airline EasyJet yesterday reported it had flown a record number of passengers in August, with 6.6m travellers on its aircraft – 8.4 per cent more than the same month last year. EasyJet’s load factor — how full the company’s planes are — was at more than 94 per cent, another record for the airline [...]
Profits soar at Go-Ahead with more rail routes September 4, 2014 RAIL and bus group Go-Ahead yesterday saw its share price jump 3.17 per cent as it reported record passenger numbers across its services. Pre-tax profits for the year to 28 June soared to £91.2m, up 44 per cent from £63.1m in the first half of 2013, as revenue rose to £2.7bn, up five per cent [...]
Genel Energy share price slips as dry oil well off Angola is plugged September 4, 2014 Genel Energy, the oil explorer and producer, yesterday saw its shares slip 1.1 per cent as it revealed it would abandon an offshore Angola well after finding no oil and gas from test drilling. The London-listed firm said the Dilolo-1 exploration well on Block 39 offshore Angola, in which Genel has a 7.5 per cent [...]
Argentina legal plot moves to its lower house September 4, 2014 ARGENTINA’S senate yesterday passed a bill aimed at circumventing US court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house chamber of deputies for final approval. The chamber, like the senate, is controlled by government allies who are expected to vote the bill into law. Debate in the [...]
Advertising giant WPP buys up a slice of Brazil with Try acquisition September 4, 2014 Advertising agency WPP yesterday announced it had acquired a majority stake in Cairos Usabilidade Eireli, a Brazil-based development agency known as Try. Described by WPP as “a user experience agency that designs and develops custom web, mobile, desktop and touch-enabled applications”, Try employs 22 people and has a number of high profile clients. WPP said [...]
Burford Capital almost doubles earnings after stronger returns September 4, 2014 BURFORD Capital yesterday announced promising half-year financial results after a bond issue and new semi-annual dividend. The litigation finance firm, chaired by former Barclays chief Sir Peter Middleton, said pre-tax profits rose 89 per cent for the six months ending June to $18.2m (£11.1m). “This period has been a transformative one for the business with [...]
City Moves for 05 September 2014 | Who’s switching jobs September 4, 2014 Savills The real estate services firm has announced the appointment of Rupert Phelps to establish a new family office services practice. He joins from BNY Mellon, where he was director of family office services. Phelps has also held senior roles at Euromoney, UBS Global Asset Management and Merrill Lynch. Berwin Leighton Paisner The law firm [...]