Media giant Time Warner eyes office move to Battersea Power Station February 19, 2016 Media and entertainment giant Time Warner has lined up five major office schemes for its new London headquarters, including Battersea Power Station. The company, which currently operates out of several London offices including Turner House in Soho, has hired agents at CBRE to find new offices spanning at least 200,000 square feet. Battersea Power Station [...]
Accor Hotels sales and profits rise despite France slowdown following Paris attacks February 18, 2016 French hotelier Accor has posted a rise in full-year profits as a strong performance in the Middle East and Africa helped offset a sharp fall in sales in its home market following the Paris attacks. Accor is Europe’s largest hotel owner with nearly 3,900 hotels that it either operates or owns and 17 brands including [...]
Financial Times to move back to its former City headquarters at Bracken House February 18, 2016 The Financial Times is moving back to its original home in the City after almost 20 years at their current offices on Southwark Bridge. Bracken House at 10 Cannon Street was built in the 1950s and served as the FT’s headquarters and printing works until 1989, when the newspaper group moved across the River Thames to [...]
Lloyds Banking Group’s private equity arm buy stake in same-day delivery firm CitySprint February 18, 2016 A private equity firm owned by Lloyds Banking Group has bought a stake in same-day delivery firm CitySprint in a deal valuing the business at £175m. LDC said the secondary management buyout will see CitySprint's current private equity owner Dunedin retain a stake in the courier while the management team led by chief executive Patrick Gallagher, retains [...]
Morrisons takes £30m swipe at supermarket rival Asda…by improving staff tea areas February 18, 2016 The gloves have come off in the latest supermarket fight. Morrisons has announced it will splash out £30m on improving staff rest areas – at a time when it says Asda is doing the exact opposite. The retailer said the four year makeover will see dated decor and furniture thrown out and replaced with new [...]
UK house prices: Britain’s property millionaires are set to triple by 2030 – as one in four London homes hit £1m February 18, 2016 Worried about how exactly to become a millionaire after the Adam Smith Institute's predictions this week that we will all be hitting the millionaire milestone by 2050? Not to fear – your property will do most of the work for you, according to new research out today that forecasts that the number UK properties worth at [...]
European grocery prices rise at slowest pace in five years February 18, 2016 The price of everyday products sold across Europe is rising at its slowest pace in well over five years as fierce competition among the grocers rages on, according to the latest data by research giant Nielsen. The data firm said that sales volumes of fast-moving consumer goods (FMCG), such as soft drinks, toiletries and food, rose by 0.8 per [...]
Rental app Movebubble wins £1.1m funding from investors including former Spotify boss February 17, 2016 A start-up that has designed an app dedicated to renters searching for a new pad in London has won £1.1m backing from a group of investors including the former boss of Spotfify. Movebubble, which launched in November last year, lists thousands of properties available in the capital whilst also helping renters to book and manage viewings. The app allows people to [...]
Department store chain BHS secures loan from former Blockbuster owners February 17, 2016 The owners of BHS are understood to have secured a £10m loan from US turnaround specialist Gordon Brothers, as it attempts to turn itself around and expand its fledgling food business. Documents filed on Companies House show that a subsidiary of Gordon Brothers has been granted a legal charge over BHS' leasehold store at Cribbs Causeway shopping centre in [...]
Arla Foods claims robust performance despite milk price woes February 17, 2016 Arla Foods said full-year revenue declined by 3.3 per cent following a tough year for the industry, as increased milk supply in Europe combined with China’s slowdown in demand sent global prices tumbling. The Danish-based dairy giant behind brands including Lurpak, Castello and Arla, said total revenue dropped to €10.3bn (£3.73bn) in 2015, which Arla described as "robust" given the difficult market [...]
