Monarch Airlines owner Greybull Capital looks to refinancing deal to help company soar September 26, 2016 The investment firm behind Monarch Airlines is seeking tens of millions of pounds in refinancing for the British airline. Today, Monarch, owned by investment group Greybull Capital, said that security concerns and the devaluation of the pound against the euro resulting from the Brexit vote, had made market conditions tougher. City A.M. understands the purchase of 30 [...]
This Victorian home was turned into a House of the Year contender by two enterprising engineers September 26, 2016 When Tim Lucas searched for a family-size property under £500,000 on his local estate agents’ website, he was offered a crumbling collection of stables that hadn’t seen a horse since Queen Victoria was on the throne. This was London after all, what did he expect for that money? Most househunters would have shrugged their shoulders [...]
Getting an Opec output cut won’t be a piece of cake September 26, 2016 With the US Federal Reserve and the Bank of Japan rate decisions out of the way, focus could now shift elsewhere. Like towards the expected weaker US durable goods orders (which are, according to Credit Suisse, set to drop to -2.3 per cent in August compared to 4.4 per cent in July), or the oil [...]
Dubai loves an engineering challenge and the new Burj Al Arab sea terrace is up there with the biggest September 26, 2016 As engineering feats go, one that is half the weight of the Eiffel Tower and slightly larger than the size of a football pitch is pretty significant. Add the fact that the brief was to create an ultra-luxe, environmentally sensitive terrace extension to the 7-star hotel Burj Al Arab, whilst it remained open, and you [...]
Rio Tinto unveils $3bn debt reduction plan September 26, 2016 Miner Rio Tinto has launched a new debt reduction programme, which analysts said could boost its credit rating. Rio announced tender offers for up to $1.5bn (£1.16bn) of its 2019, 2020, 2021 and 2022 US dollar-denominated notes. It also issued a redemption notice for about $1.5bn of its 2017 and 2018 notes. The company’s shares closed [...]
Julius Shulman: the photographer who helped to define LA September 26, 2016 Many architects have made their mark on a place, planting seeds of creation that go on to define a street or neighbourhood. A select few become synonymous with a certain style, or even an entire city. But not many shape the way people think about an entire state; Julius Shulman achieved just that without designing [...]
Theresa May is more interested in migration targets than a Brexit deal says senior Labour MP September 26, 2016 The chair of Labour’s Progress, a centre-left campaign group, has launched a stinging attack on Theresa May, arguing her focus on a “sustainable” net migration target is limiting the ability to secure the best possible Brexit deal. Since coming to power, May has retained a target of reducing net migration to below 100,000, first launched [...]
Forget houses, why not live in the world’s most expensive van, or up a tree, or under the ocean? September 26, 2016 People are always nattering on about “the property market” and “having a roof over your head” and “why have you not been paying the mortgage?” But do we really need houses? Could we just go and live, say, at the bottom of the ocean, or in a cave, or maybe just in the back of [...]
New flavours and quirky marketing help popcorn burst in popularity as sales rise 14 per cent to £120m September 26, 2016 Innovations in flavours and marketing, as well as snackers acquiring a taste for healthier treats, have pushed popcorn sales up 14 per cent in the last year. Total UK popcorn sales rose to more than £120m in the 52 weeks to 16 July, according to market intelligence group IRI. Both volume and value sales increased, [...]