Chief executive of Next sells £3.8m shares April 4, 2012 NEXT chief executive Lord Simon Wolfson sold 125,000 of the clothing retailer’s shares after the close of trading on Tuesday, sparking a sell-off in the firm’s shares yesterday as traders followed suit. Wolfson sold the shares at 3,057p each, banking more than £3.8m, which sent shares in the company down four per cent last night [...]
MEET THE NEW INVESTOR: JUSTICE April 4, 2012 AFTER helping to broker a £130bn bailout for several British banks in autumn 2009, Lord Myners’ deal for $8bn-valued Burger King might seem like small fry. It has the potential to be a whopper of a deal for the former City minister, however, as well as the stellar group of investment veterans who make up [...]
David Cameron unveils new Big Society bank April 4, 2012 DAVID Cameron yesterday announced the launch of a “Big Society bank” that will lend money to charities and other good causes. The fund expects to raise £600m in capital over the next four years, which it plans to lend to social enterprises that can prove they can repay the investment from their income. Around £400m [...]
End of tax break prompts house price jump April 4, 2012 HOUSE prices sprang upwards last month as first time buyers rushed to beat the expiry of a temporary break on stamp duty, yet the market as a whole remains sluggish. Prices jumped by 2.2 per cent in March, the Halifax reported yesterday, bouncing back from February’s 0.4 per cent monthly decline. Yet the average cost [...]
CITY VIEWS WHO WILL WIN THE MAYORAL ELECTIONS? April 4, 2012 DALE CROSS BUSINESS SYSTEMS Boris Johnson will probably win. I think he has more of a persona than Ken Livingstone. Everyone seems to like Boris. I think he appeals more to a younger generation. ANDREW SELLERS HISCOX Boris Johnson should win. The entire thing on LBC radio was such a disaster for Livingstone. His fare [...]
Cap on non-EU workers frozen by government April 4, 2012 THE GOVERNMENT yesterday said that it would not bring down the annual cap on the number of skilled workers allowed into the UK from outside the European Union. The decision to freeze the cap at 20,700, proposed in February by the Migration Advisory Committee, was widely applauded by business groups and other stakeholders. “[This] will [...]
Hats off to a jubilee epic Epsom festival April 4, 2012 THE Investec Derby Festival is one of the highlights of the social and sporting season, and this year it promises to be the grandest yet as the Queen marks the beginning of her Diamond Jubilee weekend celebrations on the second day of the festival on Saturday 2 June. The festival at Epsom, for which City [...]
Watch out for Marathon yoga April 4, 2012 BLUE Cow Yoga, the new yoga centre that has opened up in Moorgate, will be hosting “Marathon Mondays” in the run-up to the big event on 22 April. Anyone running The London Marathon for charity can enjoy a complimentary yoga class, which focuses on stretching and strengthening the knees and hips. The Monday before the [...]
CHILDREN IN THE CITY April 4, 2012 MIDWAY through the first week of the Easter holidays, the City of London was yesterday full of children enjoying the sites and many attractions. In the picture above, several children are walking past the Tower of London as the City enjoys the influx of the younger visitors.
Prezzo steps up expansion plan as profits surge April 4, 2012 RESTAURANT group Prezzo unveiled plans yesterday to open 20 new restaurants this year as part of its ambitious expansion programme, as it reported a surge in full year profits. The pizza and pasta chain, which runs 189 restaurants, said adjusted pre-tax profits rose 14 per cent to £16.4m in the year to 1 January, boosted [...]