City women honoured at awards dinner October 28, 2013 THE Capitalist never needs an excuse to celebrate the brightest female minds that contribute to London’s thriving business sector, but one was nonetheless provided last Thursday at the Women in the City’s Woman of Achievement award. At a celebration evening hosted by law firm Bryan Cave, talented female executives from across London and the Home [...]
Growth commission launched by departing Goldman Sachs chair October 28, 2013 RETIRING Goldman Sachs chairman Jim O’Neill will today launch the City Growth Commission, an independent group tasked with exploring how England’s cities and regions can become part of the UK’s economic recovery. Launched in conjunction with the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA), the commission will work with Whitehall, business [...]
Police chief calls for an apology over Plebgate October 28, 2013 THREE police officers accused of issuing misleading accounts of a conversation with Andrew Mitchell should apologise to the former cabinet minister, the head of the Association of Chief Police Officers (ACPO) said yesterday. Sir Hugh Orde said the officers should follow the lead of their chief constables and apologise for telling the media that the [...]
Tories threaten the BBC with licence fee cuts October 28, 2013 THE BBC could lose its exclusive right to the television licence fee unless it can regain the trust of the public, a senior Conservative cabinet minister warned yesterday. Party chairman Grant Shapps said the broadcaster would not necessarily continue to receive the entire £3.6bn annual income raised by the fee after 2016, when the organisation’s [...]
Glencore and Sumitomo buy Rio’s Clermont coal mine stake for $1bn October 28, 2013 RIO Tinto has agreed to sell its majority stake in Australia’s third-largest thermal coal mine to Glencore Xstrata and Japan’s Sumitomo Corporation for just over $1bn (£618m), pushing ahead with plans to focus on larger, core operations. Rio put its 50.1 per cent stake in the Clermont mine in Queensland on the block earlier this [...]
Most Brits hail foreign firms moving to UK October 28, 2013 MOST Britons would welcome a foreign company that decided to move its base to the UK, according to a poll out today. Seventy-eight per cent think an overseas firm moving to their region would be positive, while 69 per cent believe such a relocation would benefit the country as a whole, a survey of 2,000 [...]
Crown Estate pushing ahead with £1bn Regent Street scheme October 28, 2013 THE CROWN Estate said yesterday it has begun works on the latest stage of its Quadrant development, part of its ambitious £1bn scheme to revitalise and open up the south end of London’s Regent Street. The Quadrant is made up of four blocks at the southern end of Regent Street at the sites of the [...]
Cinven edging closer to selling out of Gondola October 28, 2013 CINVEN is nearing an exit strategy for its investment in the company behind Pizza Express, Zizzi and Ask restaurants. Private equity group Cinven intends to hire banks within weeks with a view to selling or floating Gondola Holdings at some point next year. Cinven and Gondola, which sold off the Byron burger chain to Hutton [...]
Bar group plans to raise £10m in London float for expansion October 28, 2013 ECLECTIC, the UK bar group with 19 locations and brands including Fez and Po Na Na, has announced its intention to float on London’s Alternative Investment Market. The share sale is intended to raise £10m for Eclectic, which the group will use to pay off a £7.3m shareholder loan and invest into new site acquisitions. [...]
Made in Chelsea Pub group seeks £10m to expand October 28, 2013 THE CITY Pub Company is to launch a £10m fundraising this week to help fuel further acquisitions. The pub operator, whose pub The Phene makes a regular appearance in reality TV show Made in Chelsea, has 12 pubs in London and the South East, but aims to grow to 20 by the end of the [...]
