Green takes a bigger bite out of Big Apple with Fifth Avenue store February 5, 2014 SIR PHILIP GREEN is stepping up his expansion plans for Topshop in the US after announcing plans yesterday to open five new shops, including a flagship store on New York’s Fifth Avenue. The 40,000 square feet store on the world’s second most expensive street will open in the Autumn next to the Rockefeller Center and [...]
Disney sees profits heat up after Frozen success February 5, 2014 DISNEY boosted revenues and profits in the three months to the end of December, following box office success from films like Frozen and Thor: The Dark World. The media giant trumped expectations with a net income of $1.89bn (£1.16bn) for its first fiscal quarter, up from $1.38bn in the same period in 2012, a 33 [...]
City duo launch new TV tipping show for traders February 5, 2014 BORED of Bloomberg? Need more on top of CNBC? Two City executives are certainly hoping so, as today sees the launch of their internet TV programme TipTV.co.uk, which aims to “liven things up for home day traders.” The two in question are ex-City PR turned sports spin doctor David Bick and former analyst (and Bloomberg [...]
Chief executive tweeters – the good, the bad and the slovenly February 5, 2014 THE TECH world breathed a somewhat bored sigh of relief on Tuesday when the new chief executive of Microsoft was revealed following an exhausting five months of more suspense and guess work than an episode of Murder, She Wrote. The curtain was lifted and Satya Nadella was revealed as the new figurehead of the good [...]
Nudge unit goes private February 5, 2014 DAVID Cameron’s so-called nudge unit, a team that works on subtle ways to influence the public’s behaviour, is being spun off into a private company. The Behavioural Insights Team, set up in 2010, will seek out new work around the world as a mutual firm owned by charity Nesta and the Cabinet Office. The unit’s [...]
City A.M. shadow MPC votes 7-2 against higher rates February 5, 2014 ALLISTER HEATH | CITY A.M. The case for a 0.5 percentage point hike in the Bank rate is clear. The unemployment level is plummeting and firms are reporting some of the most positive conditions on record. The dangers of emergency monetary policy are now increasingly obvious, especially in London’s property market JAMES SPROULE | INSTITUTE [...]
Views more hawkish as Bank’s forward guidance left in tatters February 5, 2014 MORE hawkish views on the Bank of England’s stance are emerging from our panel of monetary policy experts, ahead of the Bank of England’s inflation report. The shadow monetary policy committee (SMPC) is still largely in favour of holding interest rates at their current low level, but more members are now indicating that rates should rise [...]
Wolfson stung by changes in mobile market February 5, 2014 AUDIO semiconductor company Wolfson Microelectronics saw its shares plunge as much as 15 per cent yesterday morning, after it reported a loss during the quarter with dwindling revenues and gross margins. Cancellations from one of the Blackberry and Samsung supplier’s major customers have led to increasingly difficult trading for Wolfson over the last year. The [...]
Chinese investors set to grab a bigger slice of UK hotel market February 5, 2014 CHINESE investors are set to more than double their share of global hotel acquisitions over the next four years, new research out yesterday shows, with the UK to benefit the most. According to research conducted by Real Capital Analytics (RCA) for Savills, Chinese investors have spent £1.6bn outside of their home market over the last [...]
Crossrail Paddington plan gets go-ahead February 5, 2014 CROSSRAIL’S plans for a major development over Paddington station were given the go-ahead by Westminster Council on Tuesday night. The 320,000 square feet scheme at the junction of Bishop’s Bridge Road and the Grand Union Canal will have 15 storeys of offices and shops on the ground floor. Crossrail plans to appoint a development partner [...]
