Where is the best place to shop in the UK? Westfield London tops new retail index October 7, 2014 Where is the best place to go shopping in the country? And where should you avoid? According to a new index, which ranks retail centres by a range of measures including how appropriate the retail mix is to its local customer, Westfield London is the best place in the UK for shopping, with Chelsea [...]
HSBC UK director Alan Thomson resigns over banking regulation threat as second exec ‘mulls exit’ October 7, 2014 One of HSBC's UK directors has resigned from his position ahead of new rules that strengthen the hand of regulators to penalised managers of failed banks. City A.M. understands Alan Thomson, a member of the audit and risk committees of HSBC Bank, has tendered his resignation and will leave the board in October. Sky News initially [...]
Two Ryanair planes clip wings after collision at Dublin Airport causing flight delays October 7, 2014 Two Ryanair planes have clipped each other while on the runways at Dublin Airport this morning, prompting an investigation by local authorities. The incident, which was tweeted about by at least one of the passengers, doesn't appear to have been too serious: minor delays have been reported but there is no suggestion of any [...]
Bestway pays Co-op £620m for pharmacies October 6, 2014 THE CO-OPERATIVE Group completed the sale of its pharmacy business to Bestway for £620m yesterday, with the funds going to pay down some of the mutually owned company’s debts. The completion follows the announcement this summer that Bestway had fought off competition from other suitors for the 774-store chain, including Lloyds Pharmacy, Carlyle Group and [...]
Facebook’s long-awaited WhatsApp deal completes – costing Zuckerberg another $3bn October 6, 2014 Facebook's share price opened broadly flat today after its long-awaited deal to take over WhatsApp completed. But the deal has ended up costing Facebook nearly $3bn more than was originally intended, because of the amount of time taken to get approval. The deal – in which WhatsApp shareholders received 177.7m Facebook Class A shares and [...]
Jimmy Choo IPO ‘to value shoe label at £700m’ October 6, 2014 Luxury shoe company Jimmy Choo could land on the London Stock Exchange with a top valuation of £700m – less than originally expected, according to reports. The high end label, a favourite of Sex and The City star Sarah Jessica Parker, is looking to issue a quarter of its share equity with an initial [...]
The Co-operative Group completes £620m pharmacy deal with Bestway October 6, 2014 The Co-operative Group has completed the sale of its pharmacy business to Bestway for £620m today, with the funds going to pay down some of the mutually-owned company's debts. The completion follows the announcement this summer that Bestway had emerged victorious from a hotly contested bidding war for the chemist arm. Bestway fought [...]
Bank of England: Banks must submit ring-fencing plans by year-end October 6, 2014 British banks have been given less than three months to put together an initial plan of how they would protect retail customers from any potential fall out from their riskier activities. The Bank of England has published four papers outlining its plan to improve the financial stability and security of deposit takers, to avoid a [...]
Boxhill Technologies share price surges: Board “knows of no reason” for 66pc rise October 6, 2014 Boxhill Technologies has been forced to issue a statement to the market saying it had no idea why its share price surged 66 per cent this morning. The company, which specialises in lottery, software and gaming technology, opened at 14p per share this morning, but rose to 33p just before 10am. In a [...]
A pint with your meal? SABMiller targets women and wine drinkers in new strategy October 6, 2014 Could beer become as popular with women as coffee? That is certainly what SAB Miller chief executive Alan Clark and marketing director Nick Fell are banking on. In an investor seminar in London today, the pair talked through plans to build the company – which owns brands including Coors, Grolsch, Peroni and, of [...]
