House of Fraser’s lenders call in advisers EY as high street crisis continues March 24, 2018 House of Fraser has become the latest household name to send out warning signals, as its lenders have appointed EY as advisers to check its ongoing viability as a business. In a year that has already seen the collapse of Toys R Us and Maplins, a syndicate of banks acting as lenders to House of [...]
The AA thinks pumped-up petrol prices may have diverted £1bn away from high street spending last year March 24, 2018 Higher petrol prices in 2017 cost drivers £1bn in money that may otherwise have been spent on the high street, according to new research from breakdown cover provider The AA. A rise of nearly 9p per litre in the average price of petrol last year siphoned off a huge chunk of consumers’ spending capacity, The [...]
HSBC and Phase Eight are topping the gender pay gap list, but around two thirds of companies are yet to report with the deadline approaching March 24, 2018 With time running out for businesses to publish their gender pay gap figures, only 3,732 of around 9,000 have actually managed to publicly crunch the numbers. Measures introduced last year mean any UK organisation that has 250 or more employees must publish and report specific figures about its gender pay gap. The deadline for public [...]
The highest penthouse in Europe is at Zlotta 44 in Warsaw, Poland March 24, 2018 The sweeping shape of Daniel Libeskind’s Zlota 44 glass skyscraper in Warsaw evokes an eagle in flight, or – as the locals would have it – a sail. Those images of freedom are no accident; the locally-born architect was a child of Holocaust survivors determined to bring a new feeling of liberation to a city [...]
Tesla billionaire Elon Musk deletes his brands from Facebook as Cambridge Analytica offices raided March 24, 2018 Billionaire entrepreneur Elon Musk has deleted his Tesla and SpaceX brands from Facebook, following accusations that data firm Cambridge Analytica used data harvested from the social networking site to influence elections. In response to Twitter users calling for people to delete Facebook, Musk tweeted: “What’s Facebook?” When challenged to remove his own brands’ pages from [...]
Short term lets in London are an untapped goldmine March 24, 2018 There is a view that estate agents’ short lets departments are simply a vehicle to rent out properties that the sales department can’t sell. In fact, the short let market is an untapped goldmine that is frequently overlooked. I believe a lot of this stems from confusion around the term ‘short let’. It can be [...]
Ambassador tells Salisbury nerve agent attack cop it “wasn’t Russia” as former classmate says Skripal regretted being a double agent March 24, 2018 Russia’s ambassador to the UK, Alexander Yakovenko, has written to the policeman involved in a Salisbury nerve agent attack denying that Russia was involved. Yakovenko said he wished Detective Sergeant Nick Bailey, who attended to ex-Russian intelligence officer Sergei Skripal and his daughter Yulia when they were found in Salisbury having been targeted with nerve [...]
New Homes: What’s on sale in London this weekend in Hendon, Greenwich, Bow, Acton and the Docklands March 23, 2018 New developments on the market this week North West Four, Hendon From £675,000 Get more for your money in Zone Three with only a 30 minute commute to Bank. This gated development of 18 two and three bedroom apartments near Hendon Central station are also a 45 minute drive from four international airports. Spread across [...]
Heathrow boss says MPs signal green light to runway expansion ahead of parliamentary vote March 23, 2018 Heathrow’s chief executive John Holland-Kaye said today that the international flight hub is on track to gain permission from MPs for its third runway expansion, with a parliamentary vote expected in the summer. “We’ve got the green light to go ahead from a cross-party committee of MPs that expansion should go ahead and parliament is [...]
Roger Bootle’s research firm Capital Economics set for £95m sale to private equity firm Phoenix from LDC | City A.M. March 23, 2018 Economics is proving to be a profitable business for well-known City forecaster Roger Bootle, as he is set to sell his research firm Capital Economics for £95m. Founded by Bootle in 1999, Capital Economics will be pocketed by private equity firm Phoenix Equity Partners in a deal due to be inked next week, City A.M. [...]