British Land splashes £210m on Paddington Central site ahead of Crossrail arrival April 14, 2015 British Land has snapped up a site in Paddington where Crossrail is set to push up property and rental prices in a £210m deal. The property giant, which already owns part of the massive Paddington Central scheme, has bought One Sheldon Square, a 200,000 sq ft, nine-storey office building, currently home to Visa Europe, from a [...]
Pound falls as UK inflation stays flat at zero in March April 14, 2015 The pound weakened 0.5 per cent against the dollar to $1.4614 after figures published by the Office for National Statistics (ONS) showed consumer price inflation stayed flat at zero per cent in March. Although it means the UK has missed slipping into deflation for now, a sustained period of stagnant growth is nevertheless a concern. [...]
Sports marketing company TLA Worldwide records profit and revenue growth in 2014 April 14, 2015 The figures Athlete representation and sports marketing business TLA Worldwide recorded a grand slam set of results for 2014, with growth scored in revenue, profit and earnings per share. The Aim-listed company, which manages leading athletes, events and leagues in sports including baseball, golf, rugby, American football, cricket and football, reported a 12 per [...]
Quindell lines up Mark Williams as finance chief after Slater & Gordon sale April 14, 2015 Quindell has lined up a new chief to take the reigns of its finances after the sale of its legal services arm to Slater & Gordon. Mark Williams, part of the consultancy which was brought in to review Quindell's business in January following the departure of chairman Rob Terry, will join the firm when the [...]
Poundland’s quids in: Sales surpass £1bn at discount retailer for the first time April 14, 2015 Sales at Poundland have smashed past the £1bn mark for the first time. The figures Sales at Poundland for the full year to the end of March were £1.1bn, up almost 12 per cent on the previous year's sales of £997m on a constant currency basis. It expects pre-tax profits to be in line with [...]
Nina Ricci heiress Arlette found guilty in HSBC Swiss tax fraud leaks case April 13, 2015 Arlette Ricci, heiress to the Nina Ricci perfume and fashion fortune, has been found guilty of tax fraud in a case prompted by a leaked list of people who used the services of HSBC in Switzerland. A Paris court sentenced Ricci, the 73-year-old granddaughter of co-founder Nina Ricci, to three years in jail with two [...]
London house prices: Top-end property sales crushed by stamp duty increase April 13, 2015 Higher taxes have stomped on the prime London property market, forcing the number of sales to dive by one-third, commercial real estate firm DTZ said yesterday. Changes to stamp duty in December’s Autumn Statement mean that homes worth below £1m received a tax cut, but those at the very top end of the price scale have [...]
JP Morgan promotes London bosses Viswas Raghavan and Emilio Saracho April 13, 2015 A pair of JP Morgan’s top bankers in London were promoted to bigger global roles yesterday, indicating the sustained success of the Canary Wharf office. Emilio Saracho has been deputy chief executive of the corporate and investment bank (CIB) in Europe, the Middle East and Africa (EMEA) for two years, and is being promoted to become one [...]
Morrisons’ group trading director Casper Meijer joins mass exodus April 13, 2015 Morrisons’ trading director Casper Meijer has become the latest high profile executive to leave the troubled retailer as part of an ongoing shake-up under new chief executive David Potts. The former Tesco director has sacked over half of Morrisons senior management team since taking over in March as he tries to turn around the troubled [...]
Danish competition guru Margrethe Vestager set to go into battle with Google April 13, 2015 EU official Margrethe Vestager is tipped to lay charges against the internet giant as soon as tomorrow. As a company, Google’s name is so synonymous with searching that it is frequently used as a verb. In other areas the technology giant may not always have been so well-known. But that, say its detractors, has never [...]