Market Tech Holdings sees Camden Market empire jump in value to £870m December 3, 2015 Camden Market owner Market Tech Holdings said its sprawling 14-acre north London estate has jumped by 15 per cent in value, in its first set of half-year results since floating on Aim in December last year. The company, which is now eyeing a move to London’s main market, said its total investment and property portfolio [...]
JD Sports shares rise as King of Trainers hikes full-year profit guidance December 3, 2015 JD Sports have climbed by more than two per cent after the sportswear retailer revealed that full-year profits are likely to beat current City expectations. The so-called King of Trainers said the strong performance it enjoyed in the first half of the year, when it reported a 10 per cent rise in like-for-like sales, had continued [...]
London house prices: stamp duty reforms put brakes on the capital’s prime property market December 2, 2015 George Osborne’s tougher stamp duty regime has put the brakes on London’s prime housing market, Knight Frank figures show, as annual price growth slowed to 0.9 per cent in November. The upmarket estate agency said annual growth has fallen to its lowest level since October 2009, with a monthly decline of 0.3 per cent contributing [...]
UK shoppers to splash out £20.3bn on groceries this Christmas December 2, 2015 British shoppers are on course to spend £20.3bn on groceries over the festive period, an increase of 1.4 per cent on the £20bn spent in 2014, according to research from IGD. The grocery industry body said shoppers are feeling more upbeat about Christmas this year, with almost a fifth (19 per cent) of people surveyed [...]
Morrisons is kicked out of the FTSE 100 after nearly 15 years at the top, along with Meggitt and G4S December 2, 2015 Supermarket chain Morrisons has been kicked out of the elite ranks of the FTSE 100 after nearly 15 years, joining other fallers including Meggitt and G4S. The London Stock Exchange’s quarterly review of the index confirmed that the grocer has fallen to 109th place in the ranking of the UK’s largest companies. Morrisons’ shares closed down 0.2 [...]
British Land unveils plans for 32-storey City office tower on UBS site December 2, 2015 Plans to replace UBS' London headquarters in the City with a new 32-storey off tower have been unveiled by FTSE 100 developer British Land. The proposed scheme at 2 and 3 Finsbury Avenue Square, which is part of the wider regeneration of Broadgate, would provide around 550,000 sq ft office space across four buildings – the [...]
Telford Homes profit doubles as focus on “affordable” new houses in London areas of Aldgate East and Isle of Dogs pays off December 2, 2015 London-focused housebuilder Telford Homes saw pre-tax profits more than double in the first half, as the supply of new homes in the capital fails to keep up with demand. Chief executive Jon Di-Stefano said it owed its success to Telford's focus on non-prime, or more affordable, areas in the capital such as Stratford where demand for new homes remains [...]
Marks and Spencer loses appeal against former landlord BNP Paribas December 2, 2015 You know that times are tough for retailers when they are prepared to fight for every penny they could put back in the piggy-bank. Marks and Spencer (M&S) has today lost a long-running battle against its former landlord BNP Paribas after the Supreme Court dismissed its appeal to claw back £1.1m of rent it claims it overpaid. In July 2011, [...]
Shop prices fall in November as retailers gear up for Black Friday frenzy December 2, 2015 Shop prices fell by 2.1 per cent in November, with clothing and electricals leading the way as competition intensified ahead of Black Friday. Non-food prices fell by 3.3 per cent year-on-year, according data from the British Retail Consortium (BRC) and Nielsen, which was an acceleration on the 2.7 per cent decline recorded in October. November [...]
Croydon poised for 63 per cent surge in office rents by 2017 as the borough undergoes a revival December 1, 2015 Croydon office rents are set to surge by 63 per cent in the next two years, new research shows, as the south London borough undergoes a revival and new schemes come onto the market. According to Savills, rents will rise from £24.50 per sq ft to £40 per sq ft (£430 per sq m), putting Croydon [...]
