Christian Candy buys Sugar Quay freehold November 18, 2013 THE FISHMONGERS’ Company, one of the City’s ancient livery companies, has sold the freehold interest in Sugar Quay near Tower Bridge to Christian Candy’s CPC Group for an undisclosed price. Candy recently won planning consent to develop a major residential scheme on the site.
Raven Russia says it’s nearly full November 18, 2013 Booming demand for warehouse space in Moscow and St Petersburg has helped Raven Russia post strong results in the third quarter of the year. The London-listed firm that supplies warehouse space for big blue-chip companies in Russia said over 97 per cent of its 1.4m square metre portfolio is let thanks to a squeeze in [...]
Occupancy remains strong at Unite November 18, 2013 Student landlord Unite Group yesterday said occupancy across its portfolio stood at 98 per cent in the current academic year and that it remained on track to post three per cent rental growth for the full year. Investment in the student housing sector has soared this year to £1.65bn since the start of the year [...]
Majestic Wine’s prosecco sales bubbling over November 18, 2013 THE NATION’S continuing love affair with prosecco and Argentinian malbec helped lift Majestic Wine’s profits in the first half of the year. Italian sparkling wine sales surged by 39 per cent in the six months to 30 September as total sales rose 3.3 per cent to £130.2m, the wine retailer said yesterday. “Walk down any [...]
Google and Microsoft tighten searches to combat child porn November 18, 2013 GOOGLE and Microsoft unveiled measures yesterday to block online searches for child sex abuse images, as part of a bid by UK authorities to crackdown on internet paedophiles. The companies said as many as 100,000 search terms will now fail to produce results and trigger warnings that child abuse imagery is illegal while offering advice [...]
Thomas Cook sells forex business November 18, 2013 THOMAS Cook has sold its corporate foreign exchange business for £4.5m, as part of its continued drive to pay down debts and turn itself around. The travel firm announced yesterday it has offloaded Thomas Cook Corporate Foreign Exchange to Moneycorp, a rival operator owned by the Royal Bank of Scotland’s Special Opportunities Fund. However, it [...]
Aviva-derci to Italian life insurance group November 18, 2013 AVIVA has sold off its stake in Italian life insurance group Eurovita as part of an overhaul of the business. The firm will net €33m (£27.7m) by selling its 39 per cent holding in Eurovita to JC Flowers. Its partner Banco Popolare, which owns the rest, is also selling out to the private equity firm. [...]
Costain picks Liberum as its new joint broker November 18, 2013 ENGINEERING group Costain has hired Liberum Capital as its joint corporate broker alongside Investec, in the latest client win for Simon Stillwell’s investment bank. FTSE All Share-listed Costain, which tried to merge with May Gurney this year but was blocked by a higher bid from Kier, named Liberum’s Steve Pearce as its new joint broker [...]
US appeal court revives Apple-Samsung row November 18, 2013 A US appeals court yesterday breathed new life into Apple’s long-running attempt to secure an injunction against Samsung Electronics, ordering a California judge to reconsider imposing a permanent sales ban on some Samsung products. The US Court of Appeals for the Federal Circuit said that the lower court abused its discretion in denying the injunction [...]
Contract loss takes its toll on Aveva’s shares November 18, 2013 ENGINEERING software company Aveva saw its shares fall 7.83 per cent yesterday as investors reacted to disappointing growth during the first half of the year. Investors focused on results from the company’s enterprise division, which saw growth of only five per cent – growth of 20 per cent had been expected – on the back [...]
