SportsAid charity tie-up to give you the warm fuzzies March 4, 2015 IT MAY still be freezing in London, but spring weather is just around the corner. To warm us up, BNY Mellon yesterday unveiled their new charity partnership – a tie-up with UK sports outfit SportsAid, which trains up the Olympic and Paralympic stars of the future. The deal will help support 30 young athletes from [...]
More boardroom shake-ups at Tesco and Marks & Spencer March 4, 2015 THE BOARDROOM clear out at supermarket giant Tesco continued yesterday, while high street icon M&S announced a new board role for its current chairman. Tesco, the UK’s biggest retailer, said non-executive director Gareth Bullock would retire from the main board today, but remain on the board of Tesco Bank. The company beefed up its board yesterday [...]
Ryanair order book gets a bit more crowded March 4, 2015 DISCOUNT airline Ryanair is expanding its fleet, with three additional Boeing 737-800 planes ordered, it said yesterday. It also has 200 Boeing 737 Max-200 aircraft on order. The 737-800s have a list price of $280m (£183m), and will allow 160m passengers to be flown a year by 2025.
Shepherd Neame grows profits by a fifth in second half of 2014 March 4, 2015 BRITAIN’S oldest brewer, Shepherd Neame, yesterday revealed it had grown profits by over a fifth in the second half of the year. The Kent-based beer and pub firm increased its bottom line profits by 22.7 per cent to £5m, from £4.1m in the same period of 2013. Turnover grew by 1.5 per cent to £73.5m, [...]
Ofgem slaps a selling ban on Scottish Power for poor customer service March 4, 2015 British energy company Scottish Power was yesterday given a temporary selling ban after an investigation launched by Ofgem in November found the company was not delivering the levels of service customers deserve. Iberdrola-owned Scottish Power, one of the Big Six energy firms, is now barred from proactive selling for a 12-day period. The watchdog said [...]
London’s safe haven status at risk as election uncertainty and mansion tax threat deter super-rich March 4, 2015 Political uncertainty and the threat of a potential mansion tax on £2m-plus homes is threatening London’s status as the top destination for the world’s super-rich, property consultancy Knight Frank warned. The firm’s annual Wealth Report released today shows London was home to 4,364 ultra high net worth individuals (UHNWIs) – those with $30m (£19.65m) in [...]
Property investor buoyed by strong capital portfolio March 4, 2015 Property investment firm CLS Holdings yesterday said the market value of its London portfolio jumped 34 per cent, to £705m, in 2014. The company said this uplift reflected both strong growth in the value of underlying investment properties and “very strong growth” in the values of its four developments in the city. London made up [...]
Fresnillo profits plunge as gold prices struggle March 4, 2015 MEXICAN mining firm Fresnillo saw shares dip by 8.46 per cent yesterday, after reporting that pre-tax profits dropped by 40 per cent during 2014, plummeting from $419m (£275m) to $251m. The company also saw a 12.5 per cent decline in revenue for 2014, from $1.6bn in 2013 to $1.4bn. The group said that its “low [...]
New Look adds to regeneration of east end of Oxford Street March 4, 2015 FASHION retailer New Look is to open a flagship store at the east end of Oxford Street, helping to drive further change at the notoriously dowdy end of London’s largest shopping street. Property firm Great Portland Estates said yesterday that it has pre-let a third of its huge 90,500 square feet development at 73-89 Oxford [...]
Window and door maker Eurocell sees shares surge on stock debut March 4, 2015 SHARES in Eurocell traded up yesterday after the window and door maker’s debut on the London Stock Exchange. The Derbyshire-based firm, spun off by private equity group H2 Equity Partners, priced its shares at 175p, valuing it at £175m. But the company’s shares closed up 6.6 per cent at 186.62p. “We have been delighted by [...]
