Newcastle United score record £19m profit thanks to TV income and new sponsorship deals March 30, 2015 Newcastle United yesterday reported record profits of £18.7m last season – but its debt in the form of an interest-free loan from owner Mike Ashley remained static at £129m. The Premier League club put the profit down to increases in TV income and new sponsorship deals. The Magpies announced a recorded profit for the fourth [...]
Cheaper rates lift approvals to six-month high March 30, 2015 MORTGAGE approvals climbed to a six-month high in February, according to figures released by the Bank of England yesterday Mortgage approvals for house purchases numbered 61,760 in February, up from 60,707 in January. Net mortgage lending rose by £1.74bn, the fastest growth in three months. Recent surveys of the housing market have shown a cooling [...]
Wealthy Russians push up rents by paying annual cost upfront March 30, 2015 WEALTHY tenants from Russia, Ukraine, Nigeria and China are pushing up high-end rents in the capital by paying for an entire year of tenancy upfront, a new study has suggested. Upmarket lettings agency EJ Harris said the number of wealthy foreign investors paying annual rents upfront had doubled in the past year, from one in [...]
McCarthy and Stone profit up March 30, 2015 Retirement homebuilder McCarthy and Stone yesterday reported a surge in profits as the rising tide of ageing Brits continues to elevate demand. It posted a pre-tax profit of £32m for the half year ending 28 February, 76 per cent higher than the previous year. With new sites, sales outlets, and a land pipeline of 9,459 [...]
Land Sec gets £1.2bn facility March 30, 2015 THE UK’s biggest landlord Land Securities reported a new £1.26bn Revolving Credit Facility (RCF) yesterday in a further sign of increasing lending activity in the property market. The new RCF will last five years, with a possible two-year extension upon agreement of the bank syndicate involved in the refinancing. The firm’s previous RCF was worth [...]
The Kingmaker: All the world’s a stage for former Thatcher adviser Bill Robinson March 30, 2015 To be or not to be? It’s the age-old question that every former economic adviser to Margaret Thatcher asks themselves when they come to write for the stage. Of course it is… And so it is that Bill Robinson, chief economist at KPMG and the late Lady Thatcher’s adviser, wrote The Kingmaker, which opens tonight [...]
If you want to make a packet, put TechCrunch Disrupt 2015 in your diaries March 30, 2015 What are you doing in December, techies? That month sees the return to London for the second year running of TechCrunch Disrupt. It will take place at the Copper Box Arena this year, in Queen Elizabeth Olympic Park from 5-8 December. The conference kicks off with the TechCrunch Disrupt Hackathon, from 5-6 December, followed by [...]
Vivendi battle rages on with Bollore under fire March 30, 2015 A BATTLE for the future of Vivendi heated up yesterday after US hedge fund P. Schoenfeld Asset Management (PSAM) took aim at group chairman Vincent Bollore. In a statement, PSAM accused the billionaire of putting his own interests ahead of those of other shareholders. The latest salvo comes after Bollore announced last Thursday he had [...]
Rolls-Royce in $1bn Air China engine deal to supply Trent 1000 engines for passenger jets March 30, 2015 Engine manufacturer Rolls-Royce has extended its deals with Air China, after being selected to supply its Trent 1000 engines for 15 new Boeing 787-9 Dreamliner passenger jets. According to the British technology firm, the new contract is worth $1bn (£675m). Previously, Rolls-Royce supplied the airline with Trent 700 engines for 49 Airbus A330 aircraft, with [...]
Compass looks to good half year growth March 30, 2015 CATERING firm Compass Group yesterday forecast 2015 would be a good year for the company, after seeing strong growth in North America and emerging markets in the first half. The firm anticipated 5.5 per cent overall organic revenue growth in the six months ending 31 March, as well as a 10 basis point rise in [...]
