Great Portland Estates and Aberdeen Asset Management sell £222m Wigmore Street office block April 27, 2015 Great Portland Estates and Aberdeen Asset Management have sold a huge office scheme at 95 Wigmore Street in London’s West End for £222.4m. The Wigmore Partnership, the companies’ joint venture, said yesterday that UBS Global Asset Management’s real estate business has bought 95 Wigmore Street near Bond Street station. The 98,800 square feet office block [...]
Quantitative Easing to boost European real estate market April 27, 2015 THE European Central Bank’s (ECB) €1 trillion quantitative easing (QE) programme could “significantly boost” flows into European real estate, with property likely to become even cheaper for investors outside of the Eurozone. M&G Real Estate said yesterday it had compared the impact of earlier QE on the commercial property markets in the US, UK and [...]
Fashion week to strut its stuff in Soho April 27, 2015 IT MIGHT not look it now, but Soho will replace Somerset House this September as the home of London Fashion Week. The 62nd edition of the biannual fashion show will take place at Brewer Street Car Park, across two floors. It will host over 100 designers exhibiting their latest collections to buyers, as well as press, [...]
Regulation pushes EE revenue down ahead of £12.5bn BT deal April 27, 2015 Revenue at mobile phone network EE dropped by 1.1 per cent in the three months to 31 March, down to £1.47bn, ahead of its £12.5bn takeover by BT. The group linked the decline in revenue to the impact of regulation, and said underlying revenue had improved by 0.3 per cent compared to the first quarter [...]
Canon sales fall as phones snap up its market April 27, 2015 JAPAN’S Canon yesterday reported first-quarter net profit that fell almost a third, grossly undershooting expectations, citing a collapse in demand for compact digital cameras. Profit at the world’s largest camera maker fell to 33.93bn yen (£188m) for January to March, compared with the 53.64bn yen average estimate of five analysts according to Thomson Reuters data. [...]
Liverpool Victoria sales shift mirrors UK pensions overhaul April 27, 2015 RADICAL changes to the pensions landscape upended insurer Liverpool Victoria last quarter after the group sold fewer annuities but more bonds. Moves by chancellor George Osborne to give retirees more choice about how they spend their pension pots saw LV’s annuity sales slump. The group, which sponsors the UK’s premier cricket competition the County Championship, [...]
Gaming software developer Playtech bets on a strong 2015 April 27, 2015 Isleof Man-based gaming firm Playtech yesterday said it had won big in the first quarter, with revenue up 31 per cent. Playtech, which develops online gaming and sports betting software, said – despite being impacted by the weakness of the euro – it increased revenues from regulated markets by 40 per cent for the three [...]
City Moves for 28 April 2015 | Who’s switching jobs April 27, 2015 Saffery Champness Liz Hazell has been appointed head of the accountancy firm’s not-for-profit group. She has more than 20 years’ experience working in the sector and, before joining Saffery Champness last year, Hazell was head of charities at PwC. Freshfields Bruckhaus Deringer The law firm has announced that Jennifer Bethlehem and Piers Prichard Jones have [...]
Best of the Brokers for 28 April 2015 April 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SINCLAIR IS PHARMA Finncap reduces its rating to “Hold” with a target price of 43p. Sinclair is now free to sell its new product, Silhouette Instalift, in the US, although its approach to that market is part of the ongoing strategic review and [...]
HSBC provides bounce as FTSE hits new highs – London Report April 27, 2015 THE FTSE rose to another record high yesterday as reports suggesting HSBC will spin off its British retail bank in a £20bn ($30bn) deal boosted stocks. The banking giant was up 3.1 per cent and has already said it is reviewing whether to keep its headquarters in London, given increased regulation and the possibility of [...]
