Lack of fresh London development to drive a renewed spike in City rents March 18, 2010 THE City of London is currently suffering from a shortage of Grade A commercial property but plans for fresh new build projects remain few and far between, developers warned yesterday. Speaking at MIPIM – the property industry’s annual conference in Cannes – developers said despite projects coming on stream over the next few years, including [...]
CITY HEAVYWEIGHTS GET THE URGE TO SLOG IT OUT IN THE BOXING RING January 13, 2010 THE High Court case rumbling on and on between BGC Partners and Tullett Prebon might not have exactly brought the City’s main money broking camps closer together, but at least it’s helped forge some more playful liaisons between those on the same side. Tullett’s boss, City veteran Terry Smith, is well known for his prowess [...]
Qataris make millions from Barclays sale October 20, 2009 GULF state vehicle Qatar Holding yesterday offloaded half of its share warrants in Barclays, netting the bank’s biggest shareholder a fast profit of over £600m. Qatari investors, who still hold a direct shareholding of over seven per cent in Barclays, were issued with the warrants last November at a subscription price of 197.775p, as part [...]
ONLINE DRAGONS BREATHING FIRE INTO AN ALL-NEW TELEVISION DEN September 16, 2009 ANYONE unwinding last night with a glass of wine and a dose of evening telly might have caught sight of a familiar face on the box – Julie Meyer, City A.M. columnist and founder of Ariadne Capital, who appeared on the first episode of the new Dragons’ Den spin-off show on BBC2. Meyer – who [...]
FULL CIRCLE IN SPORT RETAILERS’ WILY WORLD August 19, 2009 IS THERE no end to the incestuous intricacies to the colourful sports retail sector? The current hot potato in the industry is the tide of bad feeling towards JJB chairman Sir David Jones, whose past emails criticising the firm’s directors were recently leaked by former chief executive Chris Ronnie, the man widely blamed for bringing [...]
BUILDING SLUMP TO RAISE CITY RENTS August 9, 2009 THE City’s construction projects are grinding to a halt so quickly that in 2012 there will be no new space available in the City of London, according to a new study from King Sturge. The property specialist yesterday revealed to City A.M. that around 4.3m square feet of new space due for development between 2009 [...]
Panmure deal gets go-ahead June 18, 2009 SHAREHOLDERS in City stockbroking firm Panmure Gordon have given a resounding show of support to an equity stake-building proposal from QInvest, Qatar’s largest investment bank, as they voted 99 per cent in favour of the deal at a general meeting yesterday. Panmure said in May it had conditionally raised £23m via the share placing agreement, [...]
From Russia with laughs June 11, 2009 TheatreTHE CHERRY ORCHARDThe Old VicTHIS new production by Sam Mendes is one half of a double bill under the title of The Bridge Project, conceived by Mendes and Old Vic artistic director Kevin Spacey to bring together an Anglo-American company touring two productions at once. The other show is Shakespeare’s A Winter’s Tale. It might [...]
Qataris make preferred bid for Panmure May 21, 2009 PANMURE Gordon, the 133-year-old City stockbroker, said yesterday it had conditionally raised £23m via a share placing with QInvest, Qatar’s largest investment bank. The firm’s decision to accept QInvest’s proposal came after lengthy deliberations over the merits of two further stakebuilding offers from private equity firm BlueGem and hedge fund SPQR Capital. Under the terms [...]