London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
China weather reins in growth for SABMiller January 21, 2015 INTERNATIONAL brewing monolith SABMiller yesterday reported a four per cent boost in revenues in the third quarter despite a sales lag in China due to poor weather last year. The maker of Peroni and Grolsch saw a four per cent hike in the volume of soft drinks sold, but a four per cent drop in [...]
Rental values put Land Sec in good shape January 21, 2015 LAND Securities yesterday said its business and markets were in good shape, with rental values rising in London due to a shortage of new office space. It forecast that interest in its schemes would remain strong despite the political uncertainty in the UK and abroad. The commercial property company, focused on London and retail developments, [...]
First Group stays on track January 21, 2015 TRANSPORT operator FirstGroup yesterday said its overall trading was meeting its expectations, with weakness in its Greyhound bus operations in America offset by growth in UK rail and US First Transit. In a trading update, it added that its plan to turn around several of its units was continuing to make progress. Last year, First [...]
Comac Capital to return cash January 21, 2015 COMAC Capital, a $1.2bn (£795m) hedge fund run by renowned investor Colm O’Shea, is returning all its external capital to investors after suffering severe losses from the Swiss Central Bank’s decision last week to scrap the franc’s cap against the euro, it emerged yesterday. The London-based Comac will continue to operate, but only using internal [...]
Wetherspoon’s sales flat over Christmas January 21, 2015 TIM MARTIN’S pub chain JD Wetherspoon said yesterday that sales had slowed significantly in its second quarter, blaming cheap supermarket prices for keeping bar receipts flat over the festive season. The company’s stock dropped over two per cent in trading following the news.
Is London FinTech recession-proof? January 21, 2015 The global financial tech capital faces few challenges. London's financial technology (FinTech) sector is booming. In the last few weeks alone consulting services giant Accenture opened its third London FinTech accelerator programme – whose alumni includes one of the capital’s most promising FinTech startups Digital Shadows. And last week the Canary Wharf Group added [...]
Charles Dunstone gives backing to online estate agent HouseSimple January 21, 2015 Sir Charles Dunstone has moved from phones to burgers and student digs. Now the Carphone Warehouse founder has given around £5m of backing to an online estate agency aiming to shake up the high street. HouseSimple is one of a number of online players challenging high street estate agents by offering sellers a way of [...]
DHL Express launches helicopter delivery service between London’s Heathrow airport and Canary Wharf January 21, 2015 You know what it’s like. You land at Heathrow, those all important M&A dealsheets from Asia all set to be whisked off to your boss when – shock horror – the Piccadilly Line goes down. If only I could fly them there, you think, then we’d be first on the deal and I’d get my [...]
Bouncing around: How Londoners can save Vauxhall’s Bounceway January 21, 2015 THE CHARITY behind plans to install the world’s longest open-air trampoline says the project can bounce back – but only with the support of Londoners. Architecture for Humanity told City A.M. the project – which it hopes to install on Laud Street, in Vauxhall – could still become a reality, but only if there’s enough [...]
Shazam joins $1bn tech club ahead of float January 21, 2015 MUSIC discovery app Shazam yesterday joined the $1bn (£662m) tech company club, by valuation, after it raised $30m in a new funding round and as it pushes towards a potentially lucrative initial public offering (IPO). The British company said the money would allow it to develop its technology and expand into new “market sectors”. Shazam [...]
