Any other business – 02/10 October 1, 2013 Hines’ Cannon Place in the City may have taken more than two years to woo its first tenant but the office block was last night given the glitzy award of the “best commercial workplace” in the country at the British Council for Offices (BCO) National Awards. Meanwhile, Jimmy Choo’s new headquarters at 123 Victoria – [...]
Globetrotters go to Dollywood October 1, 2013 The world famous Harlem Globetrotters exhibition basketball team has been sold to theme park operator Herschend Family Entertainment. Herschend, which operates 26 theme parks and aquariums across America, including most notably Dolly Parton’s Dollywood theme parks, acquired the team from private equity firm Shamrock Capital Advisors for an undisclosed sum.
Northern sells Netherlands unit October 1, 2013 Oil and gas explorer Northern Petroleum yesterday said that it has agreed to sell its Netherlands subsidiary to Vermillion for C$27.5m (£16.4m). The Aim-listed firm will also receive an interest in future profits. “The assets in the Netherlands have served the group well over the last six years, but the time is now right to [...]
Derwent nets new financing October 1, 2013 Property group Derwent London has agreed a new £550m unsecured credit line with its four main lenders, in a deal the firm said is more flexible than its current banking facilities. Derwent said the deal replaces its £650m secured bank facilities, which were due to expire over the next four years. The move follows a [...]
City Moves for 2 October 2013 | Who’s switching jobs October 1, 2013 Ernst & Young The professional services firm has announced the appointment of Marc Middleton as a partner in its telecoms, media and technology transaction team. Middleton was most recently at Rothschild, where he was a partner and managing director. Investec Specialist Bank The specialist bank has appointed Joanna Turney to its growth and acquisition finance division. She [...]
Best of the Brokers for 2 October 2013 October 1, 2013 ENTERPRISE INNS Deutsche Bank has reaffirmed its “buy” recommendation on pub owner Enterprise Inns and revised its target price from 190p to 205p. The bank said that trading has stabilised and the group has now ticked off all of the debt concerns that have plagued the shares in recent years. GENUS N+1 Singer has reaffirmed [...]
London Report: FTSE kept flat by Unilever and gold price slide October 1, 2013 LONDON’S top share index closed flat yesterday, as weakness in the gold price and poor sales from Unilever hit miners and consumer staples. The FTSE 100 edged down 2.21 points at the close, flat in percentage terms, to 6,460.01, with mining and consumer staples wiping more than 26 points off the index. Fresnillo fell five [...]
New York Report: Markets stay calm despite US shutdown October 1, 2013 US stocks kicked off a new month and a new quarter with gains yesterday as investors, for now, appeared confident that the first partial government shutdown in nearly two decades would be short lived. After declining seven out of the past eight sessions on concerns about a possible shutdown, Wall Street rebounded as investors viewed [...]
Top tips to save on energy this winter October 1, 2013 Annabel Palmer on the simple ways households can cut costs LABOUR leader Ed Miliband thrust energy into the spotlight last week when he announced that, should he win the 2015 election, he will freeze prices for 20 months. Despite energy firms noting that this would prevent crucial investment, he claims that it would save a [...]
Why a smart meter might help cut your bills October 1, 2013 Smart energy meters are expected to change the way consumers manage their energy use. Currently optional, but due to be rolled out nationally from autumn 2015, the devices provide live, detailed data on costs. “These developments are set to revolutionise energy usage,” says Stephen Passmore of the Energy Saving Trust. While the meters themselves do [...]