Restaurant review: Is £38 the dearest burger in London? Sackville’s serves up x-rated food porn July 29, 2015 This week I ate a burger that cost £38. It was at new truffle-themed restaurant Sackville’s in Mayfair, and while it wasn’t the most expensive burger I’ve ever eaten – that dubious honour goes to Miami’s Bâoli which charged me $95 (£60) – it’s the most expensive I’ve had in this great city of ours. [...]
Share price of Wembley developer Quintain surges 22 per cent as it confirms £700m Lone Star offer July 29, 2015 Shares in Quintain Estates and Development, the property developer behind London’s Wembley Arena, jumped 22.4 per cent to 131p in early trading after its board recommended a takeover offer from US-based investment firm Lone Star. In an announcement to the stock exchange this morning, the company said Quintain shareholders will receive 131p in cash for [...]
Time to move to Chatham? Best value commuter towns cut thousands off London house prices July 29, 2015 A one hour commute can knock around £450,000 off the average price of a house, according to new research published today by a major UK bank. Towns which are an hour’s commute from central London, which include Crawley, Newbury, Colchester and Chatham have an average property price of £272,000 – a significant contrast to the average [...]
Summer sizzler: Over £11bn of UK-focused takeover deals on horizon as market heats up July 28, 2015 The deals market sprang back into action yesterday, with four major takeovers unveiled after a relatively quiet month on the transactions front. Over £11bn worth of UK-focused takeovers are now on the cards, after Melrose agreed to sell portfolio company Elster for £3.3bn and pharma group Hikma bought a US drugs business for £1.7bn. GKN [...]
Bank of England’s Andy Haldane raises the stakes for UK companies as new speech challenges “shareholder-centric model” July 28, 2015 Bank of England chief economist Andy Haldane has stepped up his case for an overhaul of UK corporate governance with the publication of a surprising new speech. In the previously unpublished speech, first delivered at the University of Edinburgh in May, Haldane argues for a “fundamental re-rooting of company law” to challenge the “shareholder-centric company [...]
City of London in talks to buy Smithfield building for £34.6m July 28, 2015 THE CITY of London has agreed to buy back the leasehold to London’s historic Smithfield Market for £35m, City A.M. understands. The Victorian general market site has lain empty for more than 20 years after several failed attempts to redevelop it. However, it could become the new home for the Museum of London if the [...]
Pension tax relief for top earners could be at risk as government mulls reforms July 28, 2015 Pensions minister Ros Altmann said last night that the government is considering ending special pension tax relief for high earners. The government is currently carrying out a consultation into whether there is a case for reforming pensions tax relief. Currently top-rate taxpayers receive 20 per cent tax relief on their pensions, and can claim back [...]
Canary Wharf tower given the go-ahead July 28, 2015 Canary Wharf Group has secured detailed planning permission for its second residential scheme on the former Wood Wharf site. The 57-storey building, to the east of the financial district, will have 468 apartments ranging from studios to large three bedroom homes.
UK consumer confidence hits the high notes as interest rate rise looms July 28, 2015 British shoppers are at their most confident since September, new survey figures reveal this morning. The consumer confidence index published by YouGov and the Centre for Economics and Business Research (CEBR) climbed to a score of 114 in July. Consumers are most optimistic on their job security, business activity and house values. However, there has [...]
SNP bites back at PM after David Cameron vows to halt second Scottish independence referendum July 28, 2015 The SNP has rejected Prime Minister David Cameron’s claim that he would block another vote on Scottish independence. On Monday, Cameron said that he had the ability to shoot down a second referendum did “not see the need for another” vote. “It will be my ultimate decision, in line with the democratic decision-making processes of the [...]
