Knight Frank sees London as prime location September 29, 2013 ESTATE agent Knight Frank has named London as its prime location as it reported increases in both turnover and profit in the last year. The upmarket property advice company saw its profits lift seven per cent to £102.7m in the year ending 31 March, while turnover rose five per cent to £350m and net cash [...]
Leon Restaurants poised to land at Heathrow’s new Terminal 2 September 29, 2013 LEON Restaurants, the healthy fast-food chain, is to open its largest site yet at Heathrow airport’s new Terminal 2. The 2,600 square feet restaurant is expected to open its doors when the Queen’s Terminal launches in June next year, the site’s franchise operator HMS Host said yesterday. The opening will take Leon’s total estate to [...]
Stricken gold broker looks for life-saving cash September 29, 2013 TROUBLED pawnbroker Albemarle & Bond is in the market for an emergency bailout after its business was hit by a slide in the price of gold. The company, which has more than 200 stores and is listed on the junior stock market in London, is understood to be close to securing the funds to keep [...]
City Moves for 30 September 2013 | Who’s switching jobs September 29, 2013 Hausfeld & Co The litigation law firm has appointed Boris Bronfentrinker as partner. He joins from Freshfields Bruckhaus Deringer, where he was a senior lawyer in its cartel defence and commercial disputes practice. Macquarie Securities The institutional equities arm of Macquarie Group has appointed Brandon Krieg as managing director and head of electronic execution in [...]
A City pro is out to save pensions September 29, 2013 Venture capitalist Edi Truell is injecting private equity thinking to the public sector. Michael Bow hears why. THE HIGH-OCTANE arena of venture capital is not a natural fit for the sedate world of town hall pensions. But just tell that to Edi Truell, the venture capitalist tasked with shaking up London’s £4.6bn public sector pension [...]
A feast fit for a king to raise money for our real heroes September 29, 2013 THE Square Mile Salute: a feast fit for a king led by culinary legends, Albert Roux OBE, KFO and Michel Roux Jr; including a Royal Reception prepared by the Royal chef, Mark Flanagan, chef to Prince Albert of Monaco, Christian Garcia and The Royal Automobile Club’s executive chef Philip Corrick. Friday 18 October sees the [...]
Best of the Brokers for 30 September 2013 September 29, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com COUNTRYWIDE Broker Panmure Gordon has retained its “buy” recommendation with a price target of 700p. it follows the prospect of a share placing to raise the free float of the company’s to 55 per cent. Panmure said the company gave “exposure to a [...]
London Report: UK data to show the economy in healthier state September 29, 2013 EXPECTED improvements in the purchasing managers’ index (PMI) data for manufacturing, construction and services this week should all point to further signs of the UK’s economic growth. “The purchasing managers’ surveys are expected to show further robust growth in September across the services, manufacturing and construction sectors which would bode well for hopes that GDP [...]
New York Report: Wall St awaits US government funding news September 29, 2013 WITH a possible US government shutdown days away, Wall Street still has not come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic. The benchmark S&P 500 is up more than three per cent for September, which has traditionally been described as the [...]
The US is busy reinventing its future – the rest of the world isn’t so lucky September 29, 2013 I'VE always been a John Steinbeck/ Bruce Springsteen sort of American. I share their common mantra, "Aren't things terrible here, but I wouldn't want to be anyplace else." Being clear-eyed about the US's failings, while remaining romantic about it at heart isn't easy. But America's extraordinary capacity to right its ship – to reinvent itself [...]
