Cold snap helps sales warm up at John Lewis November 11, 2013 JOHN LEWIS’ sales jumped seven per cent last week, boosted by the colder weather, which prompted consumers to stock up on warm clothing. The retailer yesterday posted sales of £91m in the week to 9 November, with online sales up by almost a quarter (23.1 per cent), compared with the same time last year. However [...]
City landmark Royal Exchange close to being sold for £80m November 11, 2013 THE OWNERS of the Royal Exchange are understood to be close to signing a deal to sell the historic landmark next to Bank station for £80m. The Irish Bank Resolution Corporation, formed in 2011 by the merger of troubled Anglo and Irish Nationwide, hired property advisers CBRE last month to market the long leasehold in [...]
Government to launch project for investment November 11, 2013 THE government is to launch a new investment project aimed at raising billions of pounds from overseas for British urban regeneration projects. The Regeneration Investment Organisation (RIO) would be a “one stop shop” for foreign investors looking to put their money into UK assets, Sky News reported. RIO, developed by UK Trade and Investment (UKTI), [...]
A hushed tribute to Britain’s fallen November 11, 2013 A CROWD 10,000 strong stood in silence on Whitehall yesterday as the nation’s leaders joined veterans and civilians alike in remembering the members of the armed forces who have died in the nation’s service. In Afghanistan, serving troops in Camp Bastion in Helmand were joined by his royal highness the Duke of York and defence [...]
No rest for City’s new Lord Mayor November 11, 2013 THOUSANDS of supporters braved the rain on Saturday to come out and celebrate the inauguration of the new Lord Mayor of the City of London, Fiona Woolf. As part of the 800-year-old tradition more than 7,000 participants took part in the three-and-a-half-mile procession from Bank to Aldwych and back, accompanied by everything from vintage cars [...]
Death toll of up to 10,000 from Typhoon Haiyan November 10, 2013 AT LEAST 10,000 people are believed to have been killed in the central Philippines by Typhoon Haiyan – one of the most powerful storms ever recorded. Huge waves and winds of up to 235mph devastated the province of Leyte, which took the brunt of the storm on Friday. Britain has now committed £6m to help [...]
Venezuelan government sends military to electronics outlets November 10, 2013 THE VENEZUELAN government physically took over some branches of an electronics chain over the weekend, demanding that the company lower its prices. The popular line of stores, Daka, was forced by the government to lower its prices, driving huge crowds to some shops. Soldiers were deployed in some areas, and looting broke out at one [...]
US seeks more Iran sanctions ahead of deal November 10, 2013 US LAWMAKERS said last night they aimed to tighten sanctions on Iran to prevent Washington giving away too much in a deal on Tehran’s nuclear programme that diplomats said was still possible despite the failure of high-level weekend talks. Negotiators from world powers will resume talks with Iran in 10 days after failing late on [...]
Experian boss defends his drive for expansion November 10, 2013 Don Robert has steered the credit checking firm into fast-growing new businesses AS THE boss of a company best known for its credit checks, Don Robert is at home talking about hazardous spending decisions. “Arguably if every investment we made was brilliant we’d have to ask ourselves the question: are we taking the right amount [...]
Cote Restaurant owner snaps up bottle maker November 10, 2013 THE PRIVATE equity owner of high street dining chain Cote Restaurants has added a British gin and whisky bottle maker to its growing list of companies. CBPE Capital, which also owns ten pin bowling company Hollywood Bowl, has snapped up Yorkshire based Allied Glass for between £120m and £130m. Allied Glass makes the glass bottles [...]
