West Coast move for UMG boss Grainge September 12, 2010 LUCIAN Grainge, the newly-ensconced chief executive of Universal Music Group who went out to the US a couple of months ago to take up his new post, has based himself in California. He had originally planned to be based – with his wife and children – in New York before changing plans. Grainge’s move marks [...]
Land Secs says City shopping site all but full September 6, 2010 LAND Securities has managed to secure tenants for 96 per cent of its retail space in the One New Change shopping centre on Cheapside, over a month before the firm expects construction to end. The property developer said yesterday it is in talks over the remaining handful of units, which include the two rooftop cafes [...]
Westfield hosts a car boot sale September 6, 2010 SHOPPING centre Westfield London will host a designer car boot sale this month, with designs and exclusive pieces from retailers Whistles and House of Fraser. The mall, in Shepherd’s Bush, will see the goods sold from 20 Hyundai cars in the centre’s car park. The event is to celebrate London Fashion Week, and will run [...]
Heir to Blair says Labour has not fallen out of love with business August 31, 2010 WITH a week to go until MPs return from their summer break, Westminster is a ghost town. Its tearooms and canteens, normally buzzing with political gossip and intrigue, sit deserted. David Miliband cuts a lonely figure as he strides purposefully across the empty atrium of Portcullis House, the modern extension to the House of Commons. [...]
Rowland in U-turn over Tory role August 19, 2010 DAVID Rowland, the property tycoon who was set to take up the role of Tory party treasurer, has decided to sacrifice the role to concentrate on his business interests. Rowland, who donated millions of pounds to the Conservative party in the run up to the general election, returned to the UK from the Channel Islands [...]
Lib Dems face a rift over Green August 18, 2010 NICK Clegg pledged to crack down on tax avoidance yesterday, in a desperate bid to quell Liberal Democrat dissent over the government’s decision to appoint Sir Philip Green as a public spending tsar. The deputy prime minister, who is holding the fort while David Cameron is on holiday, used a high-profile speech to say the [...]
Cable requests Green showdown meeting August 15, 2010 BUSINESS secretary Vince Cable put himself on a potential collision course with the coalition government yesterday as he pointedly refused to endorse retail tycoon Sir Philip Green’s appointment as a government spending tsar. Cable, who is currently on holiday, reiterated his hard-line stance on tackling tax avoidance and said he would look at setting up [...]
Cable snubbed over Green role August 12, 2010 BUSINESS secretary Vince Cable, a vociferous opponent of tax avoidance, was not consulted over the appointment of Sir Philip Green to lead a review into government efficiency, City A.M. has learned. In the past, Sir Philip has been associated with sophisticated tax planning arrangements in the UK and offshore locations to produce tax savings on [...]
Office hires advisors for possible sale July 2, 2010 BRITISH fashion and sports footwear retailer Office has hired advisers, which could lead to a sale of the business. The company – owned by West Coast Capital, the private equity vehicle of Scottish entrepreneur Tom Hunter – said on Friday it had appointed corporate adviser Hawkpoint in the UK and boutique investment firm Financo in [...]
MUSIC STARS BID FAREWELL TO UNIVERSAL BOSS LUCIAN GRAINGE June 16, 2010 A rapturous reception on Tuesday evening for Lucian Grainge, the current head of Universal Music’s international division, who is moving to New York next month to become chief executive of the group as a whole. Grainge, on crutches owing to a recent leg injury, stood near the stage area in a room at the Knightsbridge [...]