HSBC gets competitive at Corporate Challenge July 8, 2015 HSBC was determined to get a good result in the JP Morgan Corporate Challenge race yesterday, entering almost twice as many runners in the race as any other firm. The JP Morgan Corporate Challenge, an annual series of 5.63 km races organised by the firm that promote “fitness in the workplace”, saw its biggest turnout [...]
Beckhams party at Holborn July 8, 2015 BRITISH football legend David Beckham partied with chief executives in Holborn last night, celebrating the launch of his sister Joanne’s City-based concierge service WeAreYourCity. The sports star had the family reunion at the Rosewood Hotel near Charing Cross station, as Ms Beckham celebrated the start of her executive role at the company. The City’s newest [...]
House supply shortage lifts prices in June July 8, 2015 HOUSE prices climbed faster than incomes last month as demand outstripped supply. The average stock of houses per housing surveyor has fallen to its lowest since 1978, the Royal Institution of Chartered Surveyors’ (RICS) said today. The decline in homes per survey reflects a lack of supply coming to the market. Surveyors’ price growth expectations [...]
West End retailers take control of shops July 8, 2015 RETAILERS on Oxford Street and Bond Street are increasingly seeking to take control of their shops, with stores owned by brands rising 28 per cent and seven per cent respectively over the past two years. Research released today by Savills finds that retailers now account for 22 per cent of ownership for the whole of [...]
Great Portland Estate bags 17 new lettings July 8, 2015 WEST End landlord Great Portland Estates said it secured £2.4m of annual rent in the past three months of the year after agreeing 17 lets to tenants, including retailer North Face at Walmar House on Regent Street. Its vacancy rate edged up to 2.4 per cent from two per cent in March.
Birds Eye owner Nomad Foods plans a share placing to fund more deals July 8, 2015 Nomad Foods, the owner of Birds Eye, yesterday said it plans to raise cash through a share placing to fund future acquisitions. The London-listed company bought European frozen food business Iglo Group – which owns Birds Eye and Findus – in April in a €2.6bn (£1.86bn) deal. “With this anchor investment Nomad is seeking to [...]
Booker’s sales rise as it awaits green light for Londis takeover July 8, 2015 BOOKER Group, which owns food wholesalers including Makro, yesterday unveiled a 0.4 per cent rise in first-quarter sales, while it awaits regulatory clearance to complete its takeover of Budgens and Londis. The FTSE 250 firm said its cash and carry division Makro and its delivered wholesale businesses Booker Direct, Chef Direct, Classic and Ritter all [...]
Fever-Tree mixer sales start to fizz July 8, 2015 HIGH-END tonic water maker Fever-Tree said yesterday that it expects to make £24m in the first six months of 2015 – a 61 per cent surge on the same period last year. The company now expects earlier predictions for the full year to be exceeded.
July Budget 2015: Challenger bank share prices plummet – Aldermore, Virgin Money, Shawbrook and OneSavings suffer worst day ever July 8, 2015 Publicly-traded British challenger banks suffered their worst day on record yesterday, as chancellor of the exchequer George Osborne said yesterday that a new corporation tax surcharge would take a significant chunk out of the industry’s profits. Reading-based retail bank Aldermore, which floated on the London Stock Exchange earlier this year, saw its share price [...]
Welfare slashed despite surprise ease in austerity July 8, 2015 WELFARE spending faces the brunt of spending cuts over the next five years after it was announced the “roller coaster” ride that was anticipated for government departments will no longer happen. However, the government surprised many economists by opting to slow pace of austerity overall, despite shaking off the Lib Dems, its old coalition partner. [...]
