Land Securities buys Moorgate site for £16.5m ahead of Crossrail launch February 16, 2015 Land Securities has bought the leasehold of a 1.9 acre site near Liverpool Street for £16.5m, paving the way for a huge regeneration ahead of the launch of Crossrail. Land Securities took out a three-year option to buy 21 Moorfields in 2012. Its previous owners had collapsed in 2010 and EY had been acting as [...]
Gordon Ramsay buys Rangers stock to join Mike Ashley fight February 16, 2015 Celebrity chef Gordon Ramsay yesterday became the latest big name to join the Rangers First group of fan shareholders, as the association looks to thwart Sports Direct owner Mike Ashley’s attempts to gain control of the club. Former Rangers trainee Ramsay took to Twitter on Sunday to announce he had joined the movement. He [...]
Maya Capital looks to properties outside London for £100m spree February 16, 2015 Maya Capital, a private equity firm focussed on real estate, said it plans to spend £100m on office buildings in cities across the UK, as investor appetite for property in the regions gains momentum. Founded in 2014, Maya manages £200m of capital raised from a mix of family offices, wealthy individuals and institutional investors. The [...]
Prime UK cities outperform as capital’s dwellers look west February 16, 2015 PRIME UK cities including Bath and Oxford enjoyed a surge in price growth last year as more Londoners tempted by the prospect of a bigger home, good schools and transport links moved out of the capital. Knight Frank data released yesterday showed prime prices in Bath increased by five per cent, in Oxford by 6.1 [...]
AstraZeneca loses its US patent rights for asthma drug Pulmicort Respules February 16, 2015 AstraZeneca is considering an appeal against a US court ruling that found its patent for asthma treatment Pulmicort Respules is invalid in America. The British pharmaceutical giant said it “strongly disagrees” with the decision and is considering its options. In a statement yesterday, Paul Hudson, president of AstraZeneca US, said: “AstraZeneca has full confidence [...]
Fidessa launching £17m special dividend despite sterling impact February 16, 2015 TRADING technology firm Fidessa posted a nine per cent drop in full-year profit yesterday as a strong pound offset gains from otherwise improving market conditions. Fidessa, which helps process transactions worth $15 trillion (£9.75 trillion) a year, said its profit fell to £39.1m for the year ended 31 December from £43.1m in 2013. “While the [...]
New style Pizza Hut causes stir on Strand February 16, 2015 PIZZA Hut, that bastion of teenage dining, has unveiled plans to win back the hipster generation – by serving cocktails. Yep, from now on you can sip a Southern Punch as you chow down on your Texas Meat Meltdown, or a hard milkshake for dessert, after the chain announced plans to spend £1.67m on a [...]
Lifelong Labour voters Ant & Dec can’t picture Ed Miliband as PM February 16, 2015 TV starrs Ant and Dec are getting ready to rumble over the General Election. The pair have given an interview that will turn Ed Miliband’s stomach more than taking part in a bushtucker trial. Anthony McPartlin said: “I voted Labour all my life, but last election I voted Tory because I was thoroughly disillusioned with [...]
Volution taps banks for £90m in refinancing February 16, 2015 VOLUTION Group, a British supplier of ventilation products to the residential construction market, yesterday signed a new and enlarged £90m multicurrency revolving credit facility. The Crawley-based company – which once supplied air ducts to 10 Downing Street when Winston Churchill was an inhabitant in World War II – signed the agreement with HSBC, Royal Bank of [...]
Fair Oaks Fund raises $40m in equity issue February 16, 2015 FAIR Oaks Income Fund, a UK closed-ended investment company, yesterday raised $39.7m (£25.8m) through the issue of 40m new ordinary shares following strong investor demand. The shares are scheduled to be admitted on 19 February and the Fair Oaks board will apply to the London Stock Exchange for the new shares to be traded on [...]
